Press Release Details

Sep 24, 2008

Realty Income Announces Pricing of 2.7 Million Share Common Stock Offering

ESCONDIDO, CALIFORNIA, September 24, 2008. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O) today announced that a public offering of 2,700,000 shares of the Company’s common stock has been priced at $26.82 per share and is expected to close on September 30, 2008. Net proceeds from the offering will be approximately $69 million. The net proceeds from this offering 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.

(Pricing delayed 20 minutes)