Realty Income Closes Common Stock Offering And Underwriters Exercise Full Over-Allotment Option

  Realty Income Closes Common Stock Offering And Underwriters Exercise Full
                            Over-Allotment Option

PR Newswire

ESCONDIDO, Calif., April 1, 2014

ESCONDIDO, Calif., April 1, 2014 /PRNewswire/ --Realty Income Corporation
(Realty Income), The Monthly Dividend Company^®, (NYSE: O), today announced
that in addition to the already upsized 12,000,000 share common stock
offering, an additional 1,800,000 shares were purchased by the underwriters
upon the exercise of their over-allotment option. The total shares sold in the
offering, which closed today, was 13,800,000 shares, and the total net
proceeds from the offering, after underwriting discounts and offering expenses
payable by the company, is approximately $528.5 million.

Realty Income Corporation - The Monthly Dividend Company

The net proceeds from the offering will be used to repay borrowings under the
company's $1.5 billion acquisition credit facility, which were, and will be,
used to fund real estate acquisitions.

All of the shares were sold by the company. 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

Website: http://www.realtyincome.com
Contact: Paul M. Meurer, Executive Vice President, Chief Financial Officer &
Treasurer, (760) 741-2111 ext. 1109
 
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