Press Release Details

Aug 22, 2007

Realty Income Increases Monthly Dividend 6.1% Declares 446th Consecutive Monthly Dividend

ESCONDIDO, CALIFORNIA, August 22, 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 $0.1355 per share from $0.12775 per share. The dividend is payable on September 17, 2007 to shareholders of record as of September 4, 2007. This is the third dividend increase in 2007 and the 45th dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.626 per share as compared to the previous annualized dividend amount of $1.533 per share. The Company continues its long-term policy of declaring and paying dividends on a monthly, rather than on a quarterly, basis.

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