Press Release Details

Mar 15, 2006

Realty Income Increases Common Stock Monthly Dividend 34th Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, March 15, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R), (NYSE:O) today announced that its Board of Directors has declared an increase in the Company's common stock monthly dividend to $0.116875 per share from $0.11625 per share. The new monthly dividend amount represents an annualized amount of $1.4025 per share. The dividend is payable on April 17, 2006 to shareholders of record as of April 3, 2006. This is the 34th consecutive quarter in which the Company has increased the amount of its monthly dividend and the 38th increase since Realty Income went public in 1994. The Company continues its long-term policy of declaring and paying common stock dividends on a monthly, rather than on a quarterly, basis.

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