Press Release Details

Sep 19, 2007

Realty Income Increases Common Stock Monthly Dividend 40th Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, September 19, 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 $0.136125 per share from $0.1355 per share. The new monthly dividend amount represents an annualized amount of $1.6335 per share. The dividend is payable on October 15, 2007 to shareholders of record on October 1, 2007. This is the 40th consecutive quarter in which the Company has increased the amount of its monthly dividend, the 4th dividend increase in 2007, and the 46th 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)