1. Abhay Ambati Jonghyun Kim Dean Laster Donghoon Lee

3. The mission of The Monthly Dividend Company® is “to provide dependable monthly income that increases over time . This is both the reason we exist and our primary goal year after year”. Mission Statement

6. Highly Diverse Portfolio

7. Geographical Distribution of Assets

10. Life can’t be better  52Wk High = $34.86 5Yr Dividend Growth = 7.07% Levered ß = 0.86 Debt Ratio = 33% Avg. Board Member Pay = 200K Paid 2.9M Has 9M worth of holdings Board of Directors

19. Peer Analysis Triple Net Peer Group Ticker Stock closing price 11/28/08 Mkt Cap ($Bil) Enterprise Value Estimate (10/31/08) Current Dividend Yield FFO 08 Est. FFO Payout AFFO 08 Estimate AFFO Payout Debt + Pfd/Equity (per 3Q 08 #s to current market cap) Agree Realty Corporation ADC $13.67 $0.10 $0.27B 14.60% $2.58 77.36% $2.51 79.51% 49.2% CapLease Inc. LSE $2.09 $0.1 $2.0B 38.30% $1.04 76.97% $1.11 72.11% 94.5% Entertainment Properties Trust EPR $24.53 $0.81 $2.67B 13.70% $4.59 73.22% $4.40 76.38% 60% Getty Realty Corp GTY $18.71 $0.46 $0.61B 10.00% N/A N/A $1.93 96.94% 37.5% Realty Income O $20.19 $2.11 $4.02B 8.40% $1.88 90.21% $1.86 91.18% 46.2% Weighted Average Triple Net Sector 17.00% 79.44% 83.22%

23. M&A History Date: 6/30/02 Target: 80 US Midas Properties (Auto Repair) Value: $39.5M Date:12/1/03 Target: 86 Retail Tire Locations (Retail-Auto) Value: $129M Date: 3/18/04 Target: 112 Circle K Stores (Convenience Store) Value: $134M Date:9/28/05 Target: Property Portfolio (Real Estate Development) Value: $200M Date:8/25/06 Target: 89 Pizza Hut Properties (RE Oper/Dev) Value: $59M Date: 11/1/06 Target: Buffets/Ryan’s Restaurants (RE Oper/Dev) Value: $350M Buffets Date: 2/9/05 Target: 24 Rite Aid Stores (Drug-Store) Value: $67M

31. Market Capitalization

32. Total Capitalization In September 2008, Realty Income Corp issued 2,925,000 shares of common stock at a price of $26.82 per share. (from 10Q 2008) Average Recent analyst reports : approximately 42%

33. Debt Information All of Realty Income Corp.’s outstanding notes and bonds have fixed interest rates. (from 10K 2007)

34. Unsecured Debts 8.25% notes, issued in October 1998 and due in November 2008 $ 100.0 Total $ 1,470 millions

36. Preferred Equity Preferred stock and paid in capital, par value $ 1.00 per share, 20,000,000 shares authorized, 13,900,000 shares issued and outstanding in 2008 and 2007 ($337,790,000) Type Issued Date Share Issue Price Yield (%) Current Price Yield (%) Annual Dividend 1) Public 2006 8.8 M $25.00 6.75 $17.40 9.70 1.69 2) Public 2004 5.1 M $25.00 7.38 $19.00 9.70 1.84 3) Public 1998 4.0 M $25.00 8.24 $25.00 8.24 2.06 4) Public 1999 2.4 M $ 25.00 9.38 $25.00 9.38 2.37 5) Public 1999 1.38 $25.00 9.5 $25.00 9.5 2.38

37. Rating

39. Q & A