Press Release Details

Mar 14, 2007

Realty Income Increases Common Stock Monthly Dividend 38th Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, March 14, 2007. 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 $0.127125 per share from $0.1265 per share. The new monthly dividend amount represents an annualized amount of $1.5255 per share. The dividend is payable on April 16, 2007 to shareholders of record as of April 2, 2007. This is the 38th consecutive quarter in which the Company has increased the amount of its monthly dividend and the 43rd 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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