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Realty Income Declares Monthly Dividends

    ESCONDIDO, Calif., July 12 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company," (NYSE: O) today announced
that its Board of Directors declared a common stock dividend of $0.1875 per
share, payable on August 15, 2001 to shareholders of record as of August 1,
2001.  The dividend represents an annualized amount of $2.25 per share.
    The Board of Directors also declared dividends on the Company's Class B
and Class C preferred stock.  The quarterly dividend on the Class B preferred
stock is payable on October 1, 2001 to shareholders of record as of September
15, 2001.  The quarterly dividend amount on the Class B preferred stock is
$0.5859 per share, for an annualized amount of $2.3436 per share.  The monthly
dividends on the Class C preferred stock are payable on July 31 and August 31,
2001 to shareholders of record as of July 16 and August 15, 2001,
respectively.  The monthly dividend amount on the Class C preferred stock is
$0.1979 per share, for an annualized amount of $2.3748 per share.
    Realty Income, "The Monthly Dividend Company," is a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income.  The monthly income is supported by the cash flow
from 1,061 retail properties owned under long-term lease agreements with
leading regional and national retail chains.  The Company is an active buyer
of net-leased retail properties nationwide.

    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.



SOURCE Realty Income Corporation




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  • http://www.realtyincome.com
    CONTACT:
    Jason Hunter, Financial Relations Manager of
    Realty Income Corporation, 760-741-2111, ext. 124