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Proxy , Realty Income Corp.



NYSE , O

Realty Income Corp., which refers to itself as the monthly dividend company, was organized to operate as an equity real estate investment trust. The primary business objective is to generate dependable monthly cash distributions from funds from operations per share. Realty Income has in-house acquisition, leasing, legal, retail and real estate research, portfolio management and capital markets expertise. Last year, Realty Income owned a diversified portfolio, which includes 1,533 retail properties; an occupancy rate of 97.9 percent, or 1,501 properties occupied of the 1,533 properties in the portfolio; leased to 93 retail chains doing business in 30 industries; located in 48 states; with more than 11.9 million square feet of leasable space, and with an average leasable retail space of 7,800 square feet.


Value

Total number of shares outstanding as of Sept. 2 79,600,000

Price of each share of common stock on Sept. 2 $23.76

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Aggregate market value as of Sept. 2 $1,891,296,000


Performance Record

For year ended Dec. 31, in thousands, except per-share data.

2004 2003 2002

Total revenues $175,555 $145,293 $129,925

Net income (loss) $103,397 $86,435 $78,667

Net income (loss) per share $1.15 $1.08 $1.01

Total assets $1,442,315 $1,360,257 $1,080,230


Directors

Roger P. Kuppinger, 64, director since 1994.

Michael D. McKee, 59, director since 1994.

Donald R. Cameron, 65, director since 1994.

Willard H. Smith Jr., 68, director since 1996.

William E. Clark Jr., 67, chairman since 1969.

Thomas A. Lewis, 52, vice chairman since 1993.

Kathleen R. Allen, 59, director since 2000.


Executive Compensation

Officer 2004 Cash Compensation

Thomas A Lewis, chief executive officer $705,000

Gary M. Malino, president and chief operating officer $470,000

Paul M. Meurer, executive vice president, chief financial officer and treasurer $350,000

Michael R. Pfeiffer, executive vice president, general counsel and secretary $350,000

Kim S. Kundrak, senior vice president, portfolio acquisitions $285,000


Significant Stock Ownership

Number of shares Percent

March 4

Directors and officers as a group (12 people) 2,201,608 2.8


Other Information

Headquarters: 220 W. Crest St., Escondido, CA 92025; (760) 741-2111;

fax (760) 741-2235.

Web site: www.realtyincome.com.

Auditors: KPMG LLP.

Employees: 69.

Industry: REIT , retail.

Information was compiled from the company’s annual and proxy reports.

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