Press Release Details

Sep 30, 2008

Realty Income Announces Closing of Common Stock Offering And Exercise of Over-Allotment Option

ESCONDIDO, CALIFORNIA, September 30, 2008. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O) today announced the closing of a public offering of 2,925,000 shares of the Company’s common stock, including 225,000 shares purchased by the underwriters upon the exercise of their over-allotment option. Net proceeds from the offering will be approximately $75 million. The net proceeds are expected to be combined with available cash on hand to repay the $100 million outstanding principal amount of the Company’s 8¼% Monthly Income Senior Notes, which come due in November 2008, and to repay the $20 million outstanding principal amount of the Company’s 8% Notes, which come due in January 2009.

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