ESCONDIDO, CA (REIT Media) May 13, 2008 - Realty Income Corporation (Realty Income), The Monthly Dividend Company, (NYSE:O) today announced that its Board of Directors declared a common stock dividend of $0.137375 per share, payable on June 16, 2008 to shareholders of record as of June 2, 2008. The dividend represents an annualized amount of $1.6485 per share.

The Board of Directors also declared dividends on the Company’s Monthly Income Class D and Class E preferred stock. The monthly dividends on the Class D and Class E preferred stocks are payable on June 16, 2008 to shareholders of record as of June 1, 2008. The monthly dividend amount on the Class D preferred stock is $0.1536459 per share, for an annualized amount of $1.84375 per share. The monthly dividend amount on the Class E preferred stock is $0.140625 per share, for an annualized amount of $1.6875 per share.

Realty Income, The Monthly Dividend Company^®, is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 455 consecutive monthly dividends throughout its 39-year operating history and increased the dividend 48 times since Realty Income’s listing on the New York Stock Exchange in 1994. The monthly income is supported by the cash flow from over 2,350 retail properties owned under long-term lease agreements with leading regional and national retail chains. The Company is an active buyer of net-leased retail properties nationwide.

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Realty Income Corporation
Tere Miller, Vice President, Corporate Communications
760-741-2111, ext. 1177