Press Release Details

Sep 17, 2008

Realty Income Increases Common Stock Monthly Dividend 44th Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, September 17, 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 $0.141125 per share from $0.1405 per share. The dividend is payable on October 15, 2008 to shareholders of record as of October 1, 2008. This is the fourth dividend increase in 2008 and the 51st dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.6935 per share as compared to the previous annualized dividend amount of $1.686 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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