REALTY INCOME CORPORATION (a Maryland Corporation) 4,000,000 Shares of 7.375% Monthly Income Class D Cumulative Redeemable Preferred Stock (Par Value $1.00 Per Share) (Liquidation Preference $25.00 Per Share) PURCHASE AGREEMENT May 6, 2004Purchase Agreement • May 25th, 2004 • Realty Income Corp • Real estate investment trusts • New York
Realty Income Corporation, a Maryland corporation (the “Company”), confirms its agreement with the Underwriters named in Schedule A hereto (the “Underwriters” which term shall also include any underwriter substituted as hereinafter provided in Section 10 hereof), for whom Citigroup Global Markets Inc. (“Citigroup”), Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) and Wachovia Capital Markets, LLC (“Wachovia”) are acting as representatives (Citigroup, Merrill Lynch and Wachovia, in such capacities, are hereafter called the “Representatives”), with respect to the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of shares of the 7.375% Monthly Income Class D Cumulative Redeemable Preferred Stock, par value $1.00 per share, of the Company (the “Class D Preferred Stock”), set forth in said Schedule A and with respect to the grant by the Company to the Underwriters, acting severally and not jointly, of
