Press Release Details

Dec 12, 2007

Realty Income Increases Common Stock Monthly Dividend 41st Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, December 12, 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 $0.13675 per share from $0.136125 per share. The new monthly dividend amount represents an annualized amount of $1.641 per share. The dividend is payable on January 15, 2008 to shareholders of record on January 2, 2008. This is the 41st consecutive quarter in which the Company has increased the amount of its monthly dividend, the 5th dividend increase in 2007, and the 47th 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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