Realty Income, The Monthly Dividend Company(R), is a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 457 consecutive monthly dividends throughout its 39-year operating history and increased the dividend 49 times since Realty Income's listing on the New York Stock Exchange in 1994. The monthly income is supported by the cash flow from over 2,350 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

Realty Income Corporation
Tere Miller
Vice President, Corporate Communications
760-741-2111, ext. 1177

The Sole-lead Arranger and Administrative Agent for the credit facility is Wells Fargo Bank, N.A., with Bank of America N.A. and Regions Bank, as co-Syndication Agents, Bank of New York and Wachovia Bank, National Association, as co-Documentation Agents, and Raymond James Bank, FSB and Chevy Chase Bank, FSB as additional participants in the facility.

Commenting on the transaction, Chief Financial Officer, Paul M. Meurer said, "We are pleased with the expansion of our unsecured credit facility, which further enhances our liquidity and financial flexibility. We also appreciate the important relationships we have with our bank lenders, most of whom we have done business with for several years. This facility will provide us with the funds to continue to increase the size of our real estate portfolio, which is fundamental to our goal of regularly increasing the amount of the monthly dividend we pay to our shareholders."

Realty Income is The Monthly Dividend Company(R), a New York Stock Exchange real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 453 consecutive monthly dividend payments throughout its 39-year operating history. The monthly income is supported by the cash flow from over 2,300 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.

Forward-Looking Statement

Statements in this press release, which 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, the availability of capital to finance planned growth, property acquisitions and the timing of these acquisitions, charges for property impairments, the outcome of any legal proceedings to which the Company is a party, and the profitability of the Company's subsidiary, Crest Net Lease, as described in the Company's filings with the Securities and Exchange Commission. Consequently, such 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.

Note to Editors: Realty Income press releases are available at no charge by calling our toll-free investor hotline number: 888-811-2001, or on the Internet at http://www.realtyincome.com/Investing/News.html.

SOURCE: Realty Income Corporation

Realty Income Corporation
Tere H Miller, Vice President, Corporate Communications
760-741-2111 ext. 1177

Fitch currently rates Realty Income as follows:

--IDR 'BBB+';

--$1.47 billion senior unsecured notes 'BBB+';

--$355 million unsecured line of credit 'BBB+';

--$347.5 million preferred stock 'BBB'.

Primary credit strengths include the following:

--Strong financial flexibility;

--Granular portfolio with broad geographic diversification;

--Liquidity position provides ample downside protection;

--Staggered lease expiration schedule;

--Experienced management team.

Primary credit concerns include the following:

--$550 million unsecured notes transaction in September 2007 resulted in a weakening of certain credit metrics;

--In January 2008, one of Realty Income's tenants, Buffets Holdings, together with each of its subsidiaries, filed voluntary petitions for reorganization under Chapter 11 of the U. S. Bankruptcy Code;

--Expected limited growth in 2008-2009.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

SOURCE: Fitch Ratings

Fitch Ratings, New York
Sean Pattap, +1-212-908-0642
Kimberly Chan, +1-212-908-0346
Media Relations:
Sandro Scenga, +1-212-908-0278

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

Realty Income Corporation
Tere Miller
Vice President, Corporate Communications
760-741-2111, ext. 1177