Press Release Details

Apr 30, 2007

Realty Income Upgraded by Moody's Investor Service

ESCONDIDO, CALIFORNIA, April 30, 2007. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) announced that Moody's Investors Service upgraded the Company's senior unsecured debt rating to Baa1 from Baa2 and its preferred stock ratings to Baa2 from Baa3, with a stable outlook. Realty Income's Chief Executive Officer, Tom A. Lewis, stated, "We are very pleased with Moody's rating action, and believe the upgrade reflects the Company's solid financial position, the increased diversification of retail properties and the consistent growth of the Company in recent years."

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