Realty Income Announces Pricing of 7.5 Million Share Common Stock Offering to Fund Property Acquisitions

Realty Income Corporation O today announced that a public offering of 7,500,000 shares of the Company's common stock has been priced at $34.81 per share and is expected to close on March 14, 2011. Net proceeds from the offering, after underwriting discounts and estimated offering expenses payable by the Company, will be approximately $248.3 million. The offering was upsized from an original amount of 6,000,000 shares to the final offering size of 7,500,000 shares. The Company has also granted the underwriters a 30-day option to purchase up to 1,125,000 additional shares of common stock to cover overallotments, if any.