Realty Income Announces Pricing Of Upsized 8.5 Million Share Common Stock Offering To Fund Property Acquisitions

  Realty Income Announces Pricing Of Upsized 8.5 Million Share Common Stock
                    Offering To Fund Property Acquisitions

PR Newswire

ESCONDIDO, Calif., Oct. 21, 2013

ESCONDIDO, Calif., Oct. 21, 2013 /PRNewswire/ -- Realty Income Corporation
(Realty Income), The Monthly Dividend Company^®, (NYSE: O), today announced
that a public offering of 8,500,000 shares of the company's common stock has
been priced at a public offering price of $40.63 per share, and is expected to
close October 25, 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
$329 million. The offering was upsized from an original amount of 6,500,000
shares to the final offering size of 8,500,000 shares. The company has also
granted the underwriters a 30-day option to purchase up to 1,275,000
additional shares of common stock to cover overallotments, if any. All of the
shares are being sold by the company.

(Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO)

The company expects to use the net proceeds from the offering to repay
borrowings under its $1.0 billion acquisition credit facility, which were, and
will be, used to fund real estate acquisitions.

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

A copy of the prospectus supplement and the related prospectus pertaining to
the offering may be obtained from BofA Merrill Lynch, 222 Broadway, New York,
New York 10038, Attn: Prospectus Department or email
dg.prospectus_requests@baml.com; or Morgan Stanley, 180 Varick Street, 2^nd
Floor, New York, New York, 10014, Attn: Prospectus Department, telephone
1.866.718.1649 (toll-free) or email: prospectus@morganstanley.com; or Wells
Fargo Securities, Attn: Equity Syndicate Department, 375 Park Avenue, New
York, New York 10152, telephone: 1.800.326.5897 or email:
cmclientsupport@wellsfargo.com.

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.

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, integration of the ARCT acquisition, 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.



SOURCE Realty Income Corporation

Website: http://www.realtyincome.com
Contact: Tere H. Miller, Vice President, Corporate Communications, (760)
741-2111 ext. 1177