Realty Income Announces Pricing Of Upsized 15.0 Million Share Common Stock Offering To Fund Property Acquisitions

Realty Income Corporation (Realty Income), The Monthly Dividend Company ^®, (NYSE: O), today announced that a public offering of 15,000,000 shares of the company’s common stock has been priced at a public offering price of $45.90 per share, and is expected to close March 11, 2013. Net proceeds from the offering, after underwriting discounts and estimated offering expenses payable by the company and assuming no exercise of the underwriters’ overallotment option, will be approximately $656.9 million. The offering was upsized from an original amount of 10,000,000 shares to the final offering size of 15,000,000 shares. The company has also granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of common stock to cover overallotments, if any. All of the shares are being sold by the company.

The company expects to use the net proceeds from the offering to repay borrowings under its $1.0 billion acquisition credit facility . Any remaining net proceeds will be used for other general corporate purposes and working capital, which may include additional acquisitions and the repayment of other debt.

The underwriters for the offering are BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Raymond James, RBC Capital Markets, and UBS Investment Bank (joint book-running managers), J.P. Morgan and Jefferies (co-lead managers), Baird, Barclays, BB&T Capital Markets, Citigroup, and Stifel Nicolaus Weisel (senior co-managers), and BNY Mellon Capital Markets, LLC and Piper Jaffray (co-managers).

A copy of the prospectus supplement and the related prospectus pertaining to the offering may be obtained, when available, from BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus Department or email [e-mail]; or Morgan Stanley, 180 Varick Street, 2 ^nd Floor, New York, New York, 10014, Attn: Prospectus Department, telephone [phone] (toll-free) or email: [e-mail]; or Wells Fargo Securities, Attn: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, telephone: [phone] or email: [e-mail].

These securities are offered pursuant to a Registration Statement that has become effective under the Securities Act. These securities are only offered by means of the prospectus included in the Registration Statement and the preliminary prospectus supplement related to the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction where the offer, solicitation, or sale of these securities would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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