Press Release Details

Aug 22, 2006

Realty Income Increases Monthly Dividend 6.6% Declares 434th Consecutive Monthly Dividend

ESCONDIDO, CALIFORNIA, Aug. 22, 2006. Realty Income Corporation (Realty Income), The Monthly Dividend Company(R), (NYSE:O) today announced that its Board of Directors increased the monthly common stock dividend 6.6%, to $0.12525 per share from $0.1175 per share. The dividend is payable on September 15, 2006 to shareholders of record as of September 1, 2006. This is the third dividend increase in 2006 and the 40th dividend increase since the Company went public in 1994. The new monthly dividend amount represents an annualized rate of $1.503 per share as compared to the previous annualized rate of $1.41 per share. Realty Income continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly basis.

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