Press Release Details

Sep 10, 2015

Realty Income Announces 12 Million Share ATM Equity Distribution Program

SAN DIEGO, Sept. 10, 2015 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, announced today that the company has established an "at the market" continuous offering program of common stock through RBC Capital Markets, LLC, BofA Merrill Lynch, Robert W. Baird & Co. Incorporated, J.P. Morgan Securities LLC, BNY Mellon Capital Markets, LLC, Jefferies LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., Morgan Stanley and UBS Securities LLC, as sales agents.

Realty Income Corporation - The Monthly Dividend Company.

In accordance with the terms of the equity sales agreement, the company may, from time to time, offer and sell up to 12 million shares of common stock to or through its sales agents at prevailing market prices or agreed-upon prices.

"The establishment of this program provides additional flexibility to manage our balance sheet and fund our investment activity in an efficient, cost-effective manner," said John P. Case, Realty Income's Chief Executive Officer.

The company intends to use the net proceeds from the program for general corporate purposes which may include, without limitation, the repayment of debt, the acquisition and development of additional properties, and the expansion and improvement of certain properties in its portfolio.

The company has filed a registration statement (including a prospectus) with the SEC for the offering of common stock described in this press release. The common stock will be only offered by means of the prospectus included in the registration statement and the prospectus supplement related to the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock. The company or the agents will arrange, upon request, to send the prospectus supplement and prospectus. Please direct requests to: RBC Capital Markets, LLC, Attn: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281-8098, telephone: 1.877.822.4089 or email equityprospectus@rbccm.com; or BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, New York 10038 or email dg.prospectus_requests@baml.com; or Robert W. Baird & Co. Incorporated, 777 E. Wisconsin Avenue, Milwaukee, Wisconsin 53202, telephone: 1.800.792.2473 or email syndicate@rwbaird.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at 1.866.803.9204; or BNY Mellon Capital Markets, LLC, Attn: Equity Capital Markets, 101 Barclay, 3rd Floor, New York, New York 10286; or Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, telephone: 1.877.547.6340 or email to prospectus_department@jefferies.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at 1.888.603.5847 or email to barclaysprospectus@broadridge.com; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at 1.800.831.9146; or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1.866.471.2526 or email to prospectus-ny@emails.gs.com; or Morgan Stanley & Co. LLC, Attn: Prospectus Department,180 Varick Street, 2nd Floor, New York, New York 10014; or UBS Investment Bank, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, toll free at 1.888.827.7275.

Forward-Looking Statements
Statements in this press release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the company's actual future results to differ materially from expected results. These risks include, among others, general economic conditions, local real estate conditions, tenant financial health, the availability of capital to finance planned growth, continued volatility and uncertainty in the credit markets and broader financial markets, property acquisitions and the timing of these acquisitions, charges for property impairments, and the outcome of legal proceedings to which the company is a party, as described in the company's filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

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SOURCE Realty Income Corporation

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