Realty Income Retires $100 Million 8.25% Monthly Income Senior Notes Due November 2008

Realty Income Corporation (Realty Income), The Monthly Dividend Company, announced that it retired all of its outstanding $100 million, 8.25% Monthly Income Senior Notes, NYSE ticker symbol OUI, due November 2008. The CUSIP number for these Notes is 756109203.

The 2008 Notes were retired at a price equal to 100% of the principal amount of the 2008 Notes, plus accrued interest.

Commenting on the retirement of the Notes, Chief Executive Officer, Tom A. Lewis said, “We are pleased to be able to pay off the $100 million in Notes with cash on hand. With the additional repayment of $20 million, 8% Notes, that are due and will be paid in January 2009, Realty Income will have no further Notes maturing until 2013. In addition, the Company has no borrowings on its $355 million credit facility, thus providing the Company with excellent liquidity and a balance sheet that features very low leverage during these uncertain and difficult economic times.”