Press Release Details

Mar 18, 2008

Realty Income Increases Common Stock Monthly Dividend 42nd Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, March 18, 2008. 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 $0.137375 per share from $0.13675 per share. The new monthly dividend amount represents an annualized amount of $1.6485 per share. The dividend is payable on April 15, 2008 to shareholders of record on April 1, 2008. This is the 42nd consecutive quarter in which the Company has increased the amount of its monthly dividend, and the 48th increase since Realty Income went public in 1994. The Company continues its longterm policy of declaring and paying common stock dividends on a monthly, rather than on a quarterly, basis.

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