<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001542647</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000726728</issuerCik>
            <issuerName>REALTY INCOME CORPORATION</issuerName>
            <secFileNumber>001-13374</secFileNumber>
            <issuerAddress>
                <ns2:street1>600 La Terraza Boulevard</ns2:street1>
                <ns2:city>Escondido</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>92025-3873</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(760) 741-2111</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>A LARRY CHAPMAN &amp; PATRICIA CHAPMAN CO-TTEE THE CHAPMAN FAMILY TRUST</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Board Member</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>3500</noOfUnitsSold>
            <aggregateMarketValue>199435.60</aggregateMarketValue>
            <noOfUnitsOutstanding>723923644</noOfUnitsOutstanding>
            <approxSaleDate>12/18/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>05/17/2022</acquiredDate>
            <natureOfAcquisitionTransaction>Shares Purchased through Employee Stock Purchase Plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>3500</amountOfSecuritiesAcquired>
            <paymentDate>05/17/2022</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>12/18/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ A Larry Chapman, Trustee</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001542647
XXXXXXXX
LIVE
0000726728
REALTY INCOME CORPORATION
001-13374
600 La Terraza Boulevard
Escondido
CA
92025-3873
(760) 741-2111
A LARRY CHAPMAN & PATRICIA CHAPMAN CO-TTEE THE CHAPMAN FAMILY TRUST
Board Member
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
3500
199435.60
723923644
12/18/2023
NYSE
Common
05/17/2022
Shares Purchased through Employee Stock Purchase Plan
Issuer
N
3500
05/17/2022
Services Rendered
Y
12/18/2023
/s/ A Larry Chapman, Trustee