Realty Income Increases Common Stock Monthly Dividend

47th Consecutive Quarterly Increase
ESCONDIDO, Calif.--(Business Wire)--
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 cash dividend to $0.142375 per share from
$0.1420625 per share. The dividend is payable on July 15, 2009 to shareholders
of record as of July 1, 2009. This is the 47th consecutive quarterly increase
and the 54th dividend increase since Realty Income went public in 1994. The new
monthly dividend amount represents an annualized dividend amount of $1.7085 per
share as compared to the previous annualized dividend amount of $1.70475 per
share. The Company continues its long-term policy of declaring and paying
dividends on a monthly, rather than on a quarterly, basis.

Tom A. Lewis, Chief Executive Officer of Realty Income, commented, "We are
pleased that, despite challenging economic conditions, our operations allow us
to once again increase the amount of the dividend we pay to our shareholders.
With the payment of the July dividend we will have made 468 consecutive monthly
dividend payments."

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 468 consecutive common stock monthly
dividends throughout its 40-year operating history and increased the dividend 54
times since Realty Income`s listing on the New York Stock Exchange in 1994. The
monthly dividend is supported by the cash flow from over 2,300 retail properties
owned under long-term lease agreements with leading regional and national retail
chains.

Forward-Looking Statements

Statements in this press release, which 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, the availability of capital
to finance planned growth, property acquisitions and the timing of these
acquisitions, charges for property impairments, the outcome of any legal
proceedings to which the Company is a party, and the profitability of the
Company`s subsidiary, Crest Net Lease, as described in the Company`s filings
with the Securities and Exchange Commission. Consequently, such 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.

Note to Editors:

Realty Income press releases are available at no charge by calling our toll-free
investor hotline number: 888-811-2001, or through the Internet at
http://www.realtyincome.com/Investing/News.html.

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

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