Realty Income Announces Pricing Of Upsized 12.0 Million Share Common Stock Offering To Fund Property Acquisitions

  Realty Income Announces Pricing Of Upsized 12.0 Million Share Common Stock
                    Offering To Fund Property Acquisitions

PR Newswire

ESCONDIDO, Calif., March 26, 2014

ESCONDIDO, Calif., March 26, 2014 /PRNewswire/ --Realty Income Corporation
(Realty Income), The Monthly Dividend Company^®, (NYSE: O), today announced
that a public offering of 12,000,000 shares of the company's common stock has
been priced at a public offering price of $39.96 per share, and is expected to
close April 1, 2014. Net proceeds from the offering, after underwriting
discounts and estimated offering expenses payable by the company and assuming
no exercise of the underwriters' option, will be approximately $459.5 million.
The offering was upsized from an original amount of 10,500,000 shares to the
final offering size of 12,000,000 shares. The company has also granted the
underwriters a 30-day option to purchase up to 1,800,000 additional shares of
common stock. All of the shares are being sold by the company.

Realty Income Corporation - The Monthly Dividend Company. (PRNewsFoto/Realty
Income Corporation)

The company expects to use the net proceeds from the offering to repay
borrowings under its $1.5 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, RBC Capital Markets, J.P. Morgan, Jefferies 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 (senior co-managers), and BNY Mellon Capital Markets, LLC, Janney
Montgomery Scott, Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities,
Moelis & Company and Oppenheimer & Co. (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; 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; or RBC Capital Markets, LLC, Attn: Equity
Syndicate, Three World Financial Center, 200 Vesey St., 8^th Floor, New York,
NY 10281-8098, telephone: 1.877.822.4089.

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
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, 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.

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SOURCE Realty Income Corporation

Contact: Paul M. Meurer, Executive Vice President, Chief Financial Officer &
Treasurer, (760) 741-2111 ext. 1109
 
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