Press Release Details

Aug 20, 2008

Realty Income Increases Monthly Dividend 1.8% Declares 458th Consecutive Monthly Dividend

ESCONDIDO, CALIFORNIA, August 20, 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 $0.1405 per share from $0.138 per share. The dividend is payable on September 15, 2008 to shareholders of record as of September 2, 2008. This is the third dividend increase in 2008 and the 50th dividend increase since Realty Income went public in 1994. The new monthly dividend amount represents an annualized dividend amount of $1.686 per share as compared to the previous annualized dividend amount of $1.656 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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