Press Release Details

Dec 13, 2006

Realty Income Increases Common Stock Monthly Dividend 37th Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, December 13, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O) today announced that its Board of Directors has declared an increase in the Company's common stock monthly dividend to $0.1265 per share from $0.125875 per share. The new monthly dividend amount represents an annualized amount of $1.518 per share. The dividend is payable on January 16, 2007 to shareholders of record as of January 2, 2007. This is the 37th consecutive quarter in which the Company has increased the amount of its monthly dividend and the 42nd 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.

(Pricing delayed 20 minutes)