Press Release Details

Dec 16, 2008

Realty Income Increases Common Stock Monthly Dividend 45th Consecutive Quarterly Increase

ESCONDIDO, CALIFORNIA, December 16, 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 $0.14175 per share from $0.141125 per share. The dividend is payable on January 15, 2009 to shareholders of record as of January 2, 2009. This is the fifth dividend increase in 2008 and the 52nd dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.701 per share as compared to the previous annualized dividend amount of $1.6935 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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