Realty Income Closes Common Stock Offering

Realty Income Corporation O, today announced the closing of a public offering of 6,198,500 shares of the Company's common stock, including 808,500 shares purchased by the underwriters upon the exercise of their over-allotment option. Net proceeds from the offering, after underwriting discounts and offering expenses payable by the Company, will be approximately $196.9 million. The net proceeds from this offering are expected to be used to fund a substantial portion of planned property acquisitions aggregating approximately $150 million during the third and fourth quarters of 2010. These acquisitions, which are subject to customary closing conditions, include approximately 29 properties leased to 16 tenants in 9 states and all are in industries in which the Company has previously invested. Net proceeds will also be used to pay off borrowings under our acquisition credit facility.