119th Common Stock Monthly Dividend Increase Declared by Realty Income

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Realty Income Corporation (NYSE: O), known as The Monthly Dividend Company, has announced a monthly cash dividend increase from $0.2485 to $0.2545 per share, effective March 15, 2023, to stockholders of record by March 1, 2023. This marks a 3.2% increase year-over-year and is the 119th dividend increase since its public listing in 1994. The new annualized dividend is $3.054 per share, surpassing the previous $2.982.

The declaration reflects Realty Income's commitment to providing reliable monthly dividends, with this being the 632nd consecutive monthly dividend in its 54-year history.

Positive

• 3.2% increase in monthly cash dividend from $0.2485 to $0.2545 per share.
• Annualized dividend amount rises to $3.054 per share from $2.982.
• 119th dividend increase since the company's listing on NYSE in 1994.
• 632 consecutive monthly dividends declared over 54 years.

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• None.

SAN DIEGO, Feb. 14, 2023 /PRNewswire/ --Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company^®, today announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to $0.2545 per share from $0.2485 per share. The dividend is payable on March 15, 2023, to stockholders of record as of March 1, 2023, and represents a 3.2% increase over the year-ago period. This is the 119^th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for February's dividend is February 28, 2023. The new monthly dividend represents an annualized dividend amount of $3.054 per share as compared to the prior annualized dividend amount of $2.982 per share.

"Since Realty Income's origin, the company has remained committed to paying stockholders a reliable monthly dividend that grows over time. Today's dividend declaration represents the 632^nd consecutive monthly dividend declared by Realty Income during our 54-year history," said Sumit Roy, President and Chief Executive Officer of Realty Income. "Further, I'm pleased that our Board has once again determined to increase the amount of the dividend this month."

About Realty Income
Realty Income, The Monthly Dividend Company^®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats^® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 11,700 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 632 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 119 times since Realty Income's public listing in 1994 (NYSE: O). Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," and similar expressions are intended to identify forward-looking statements. Forward-looking statements also include discussions of our business and portfolio including portfolio acquisitions and the related properties timing, concentrations, rent, properties, clients, and impact to the current portfolio, future operations and results, the announcement of operating results, strategy, plans, and the intentions of management. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business and economic conditions; competition; fluctuating interest and currency rates; access to debt and equity capital markets; continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' defaults under leases, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in income tax laws and rates; the continued evolution of the COVID-19 pandemic and the measures taken to limit its spread, and its impacts on us, our business, our clients (including those in the theater industry), or the economy generally; the timing and pace of reopening efforts at the local, state and national level in response to the COVID-19 pandemic and developments, such as the unexpected surges in COVID-19 cases, that cause a delay in or postponement of reopenings; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; any effects of uncertainties regarding whether the anticipated benefits or results of our merger with VEREIT, Inc. will be achieved; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Those forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release. We do not undertake any 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.

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SOURCE Realty Income Corporation

FAQ

What is the new dividend amount for Realty Income (NYSE: O)?

The new monthly cash dividend for Realty Income is $0.2545 per share.

When will Realty Income's dividend be paid?

The dividend will be paid on March 15, 2023.

What is the ex-dividend date for Realty Income (NYSE: O)?

The ex-dividend date is February 28, 2023.

How much has Realty Income (NYSE: O) increased its dividend compared to last year?

Realty Income has increased its dividend by 3.2% compared to the previous year.

How many dividends has Realty Income declared in its history?

Realty Income has declared 632 consecutive monthly dividends over its 54-year history.