<SEC-DOCUMENT>0000726728-15-000010.txt : 20151204
<SEC-HEADER>0000726728-15-000010.hdr.sgml : 20151204
<ACCEPTANCE-DATETIME>20151204133720
ACCESSION NUMBER:		0000726728-15-000010
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151130
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20151204
DATE AS OF CHANGE:		20151204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REALTY INCOME CORP
		CENTRAL INDEX KEY:			0000726728
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				330580106
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13374
		FILM NUMBER:		151269587

	BUSINESS ADDRESS:	
		STREET 1:		11995 EL CAMINO REAL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
		BUSINESS PHONE:		8582845000

	MAIL ADDRESS:	
		STREET 1:		11995 EL CAMINO REAL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>form8-kappointdepart.htm
<DESCRIPTION>8-K
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<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.5in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">United States</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">Securities and Exchange Commission<br>
</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Washington, D.C. 20549</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">Form&nbsp;8-K</font></b></p>

<p align=center style="margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">Current Report</font></b></p>

<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Pursuant to Section&nbsp;13 or
15(d) of the<br>
Securities Exchange Act of 1934 </font></b></p>

<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date of report (Date of earliest
event reported):</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;November 30, 2015</font></b></p>

<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:18.0pt;">REALTY
INCOME CORPORATION <br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(Exact name of registrant as
specified in its charter) </font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="width:100.0%;">
 <tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">Maryland</font></b></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">1-13374</font></b></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:12.0pt;">33-0580106</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">(State or Other Jurisdiction of Incorporation or
  Organization)</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">(Commission File Number)</font></p>
  </td>
 <td valign=top width=34% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:10.0pt;">(IRS Employer Identification No.)</font></p>
  </td>
 </tr>
</table></div>

<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">11995 El Camino Real, San Diego,
California 92130<br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(Address of principal executive offices)</font></p>

<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(858)&nbsp;284-5000<br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(Registrant's telephone number, including
area code) </font></p>

<p align=center style="margin-left:0in;margin-right:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">N/A<br>
</font></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(former name or former address, if changed
since last report) </font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">[&#160;&#160;
] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">[&#160;&#160;
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">[&#160;&#160;
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">[&#160;&#160;
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</font></p>

<font face="times new roman" lang=EN-US style="font-size:10.0pt;"><br clear=all>


</font>
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<p style="margin:0in;margin-bottom:6.0pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Item
5.02&#160;&#160;&#160;&#160;&#160;&#160;&#160; Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">On November 30, 2015, the Board of Directors of Realty Income Corporation
(the &#8220;Company&#8221;) took the following actions concerning the executive officers of
the Company: </font></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;&#160;&#160; Sumit Roy, Chief Operating Officer, was
appointed as President of the Company, effective as of November 30, 2015. &#160;Mr. Roy
will retain his title as Chief Operating Officer. &#160;</font></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;&#160;&#160; Neil M. Abraham, Senior Vice President,
Investments, was appointed as Executive Vice President, Chief Investment
Officer of the Company, effective as of November 30, 2015.&#160; </font></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#8226;&#160;&#160; Richard G. Collins, Executive Vice President, Portfolio
Management, will depart from the Company, effective as of December 31, 2015. &#160;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Information about Mr. Roy, including a biographical summary, information
about positions and offices he has held with the Company and information about his
business experience, may be found in the Company&#8217;s definitive proxy statement
for the 2015 Annual Meeting of Stockholders on Schedule 14A filed on March 27,
2015. </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Prior to his appointment as Executive Vice President, Chief Investment
Officer, Neil Abraham, 44, served as Senior Vice President, Investments, focusing
primarily on the Company&#8217;s investment activities since April, 2015.</font><font color=#444444 face="open sans,sans-serif" lang=EN-US style="font-size:12.0pt;"> </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Prior to
joining the Company, Mr. Abraham was a Portfolio Manager for equity and
mortgage REITs at Alliance Bernstein &#8211; Global Equities in New York for eight
years. </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Company anticipates that Mr. Collins will be eligible to receive
severance payments and benefits in accordance with the non-cause termination
provisions of his existing employment agreement and applicable equity-based
award agreements with the Company.</font></p>

<p style="margin-left:0in;margin-right:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Item 7.01&#160;&#160;&#160;&#160;&#160;&#160;&#160; Regulation FD Disclosure</font></b></p>

<p style="margin-left:0in;margin-right:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">On December 1, 2015, the Company issued a press release announcing the
appointments of Mr. Roy as President, Mr. Abraham as Executive Vice President,
Chief Investment Officer, and Mr. Collins&#8217; departure as Executive Vice
President, Portfolio Management. A copy of this press release is furnished
herewith as Exhibit 99.1. </font></p>

<p style="margin-left:0in;margin-right:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The information in Item 7.01 of this Current Report on Form 8-K and the
information contained in Exhibit 99.1 shall not be deemed &#8220;filed&#8221; for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, and is not
incorporated by reference into any of the Company&#8217;s filings under the
Securities Act of 1933, as amended, whether </font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">made before
or after the date hereof, regardless of any general incorporation language in
any such filing.</font></p>
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<p style="margin:0in;margin-bottom:6.0pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial
Statements and Exhibits.</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:63.0pt;margin-right:0in;margin-top:0in;text-indent:-45.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(d)&#160; Exhibits&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:.0001pt;margin-left:49.7pt;margin-right:0in;margin-top:0in;text-indent:-31.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">99.1&#160;&#160; Press Release issued by the
Company on December 1, 2015.</font></p>

<p style="margin:0in;margin-bottom:6.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p align=center style="margin-left:0in;margin-right:0in;text-align:center;text-indent:.25in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SIGNATURE</font></b></p>

<p style="margin-left:0in;margin-right:0in;text-indent:.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized. </font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="width:100.0%;">
 <tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Dated: December 4, 2015</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=top width=57% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">REALTY INCOME CORPORATION</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;"><br>
  &nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;"><br>
  &nbsp;</font></p>
  </td>
 <td valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;"><br>
  By:</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;"><br>
  &nbsp;</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;"><br>
  &#160;/s/ MICHAEL R. PFEIFFER</font></p>
  <div align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
  <hr align=center noshade size=2 width="100%">
  </div>

  </td>
 </tr>
<tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Michael R. Pfeiffer</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=40% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=4% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Executive Vice President, General Counsel and Secretary</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">INDEX
TO EXHIBITS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Exhibit No.</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Description</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Press Release issued by the
Company on December 1, 2015</font></p>




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<TYPE>EX-99.1 CHARTER
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   <TITLE>exhibit991pressrelease.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=red face=arial,sans-serif lang=EN-US style="font-size:16.0pt;">&nbsp;</font></b></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Exhibit 99.1</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:center;"><b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:center;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">REALTY INCOME ANNOUNCES
ORGANIZATIONAL CHANGES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">Sumit
Roy Named President<br>
<br>
</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:center;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:4.5pt;text-align:center;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">SAN DIEGO, CALIFORNIA, December
1, 2015&#8230;.Realty Income Corporation (Realty Income, NYSE: O), The Monthly
Dividend Company<sup>&#174;</sup>, announced today that Sumit Roy, Chief Operating
Officer, has been named President of the company. Mr. Roy has been a valuable
contributor to the company and will continue to focus on its operations and
chair the Investment Committee as the business continues to grow. Additionally,
Neil Abraham has been promoted to Executive Vice President, Chief Investment
Officer, overseeing the execution of the company&#8217;s investments function and
will report to Mr. Roy, who formerly held this title. Previously, Mr.&nbsp;Abraham
served as Senior Vice President, Investments and has played an integral role in
the company&#8217;s acquisition of $1.1 billion in properties during the first three
quarters of the year. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">Effective December 31, 2015,
Richard G. Collins will step down as Executive Vice President, Portfolio
Management after 25 years of loyal service at the company. During his tenure,
Mr. Collins has served in numerous roles, most recently effectively leading the
Portfolio Management Department as the property portfolio grew from fewer than 1,600
properties to nearly 4,500 properties. Mr. Collins&#8217; principal responsibilities
will now be assumed by Dawn Nguyen and Ben Fox. Ms.&nbsp;Nguyen, who has over
14 years of experience at Realty Income primarily in leasing and dispositions, has
been promoted to Senior Vice President, Portfolio Management and will now oversee
the company&#8217;s property leasing and dispositions efforts. Mr. Fox, who has over
eight years of experience in investments and asset management at Realty Income,
has been promoted to Senior Vice President, Asset and Portfolio Management and
will continue to oversee the company&#8217;s asset management functions. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">&#8220;Today&#8217;s announced
promotions strategically position the company for continued growth and
success,&#8221; said John&nbsp;P. Case, Chief Executive Officer of Realty Income. &#8220;I
would like to be the first to congratulate Sumit on his well-deserved promotion
to President. Sumit&#8217;s leadership, broad skillset and dedication to the company
have been instrumental in our success. I would also like to congratulate Neil
on his promotion to CIO. I know Neil will be an effective leader of our
investments process. Additionally, I would like to thank Richard for his many
years of dedicated service to our company. Richard has impressively led our
Portfolio Management department through various economic cycles, while always
maintaining high occupancy levels. I am confident that Dawn and Ben will be successful
in their expanded roles at our company given their leadership skills and
extensive experience. I continue to be impressed with the depth and breadth of
talent within our company and with our team members&#8217; outstanding efforts on
behalf of our shareholders.&#8221;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">About the Company</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">Realty Income, The Monthly
Dividend Company<sup>&#174;</sup>, is an S&amp;P 500 company dedicated to providing
shareholders with dependable monthly income. The company is structured as a
REIT, and its monthly dividends are supported by the cash flow from nearly 4,500
real estate properties owned under long-term lease agreements with regional and
national commercial tenants. To date, the company has declared 545 consecutive
common stock monthly dividends throughout its 46-year operating history and
increased the dividend 82 times since Realty Income's public listing in 1994
(NYSE: O). The company has in-house acquisition, portfolio management, asset
management, credit research, real estate research, legal, finance and
accounting, information technology, and capital markets capabilities.
Additional information about the company and the officers addressed in this
press release can be obtained from the corporate website at
www.realtyincome.com.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Investor Contact:</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">Jonathan Pong, CFA, CPA</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">VP, Head of Capital Markets</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;">(858) 284-5177</font></p>




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