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  REPORT</font></div>
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  to Section&#160;13 or 15(d)&#160;of the Securities Exchange Act of
  1934</font></div>
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  13, 2009</font></div>
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  La Terraza Boulevard, Escondido, California 92025-3873</font></div>
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  the appropriate box below if the Form&#160;8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions:</font></div>
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  pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</font></div>
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  pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR
  240.14a-12)</font></div>
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  communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17
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  communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17
  CFR 240.13e-4(c))</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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        5.02</font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Departure
        of Directors or Certain Officers; Election of Directors; Appointment of
        Certain Officers; Compensatory Arrangements of Certain
        Officers.</font></div>
              </td>
            </tr>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">On
  February 13, 2009, Realty Income Corporation (the &#8220;Company&#8221;) announced that two
  of its non-executive directors, Roger P. Kuppinger and Willard H Smith Jr, will
  retire from the Board of Directors effective after Realty Income&#8217;s annual
  meeting of shareholders on May 12, 2009.&#160;&#160;The Company further
  announced that Ronald L. Merriman will become the chairman of the Audit
  Committee upon the retirement of Mr. Kuppinger, effective after the annual
  shareholder meeting on May 12, 2009.&#160;&#160;Mr. Merriman has been a director
  of Realty Income since July 2005 and has served on various of the Company&#8217;s
  committees, including the Audit Committee, since being elected to the Board of
  Directors in 2005.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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            <tr valign="top">
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        9.01</font></div>
              </td>
              <td>
                <div align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Financial
        Statements and Exhibits.</font></div>
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                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
        </font></div>
              </td>
              <td>
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              </td>
            </tr>
        </table>
      </div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="4%" style="PADDING-LEFT: 0pt">
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              </td>
              <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
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              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              <td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              <td align="left" valign="top" width="67%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="4%" style="PADDING-LEFT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">99.1</font></div>
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        </font></td>
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        Release dated February 13, 2009.</font></div>
              </td>
            </tr>
        </table>
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        <div id="FTR">
          <div style="WIDTH: 100%" align="left">
            <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          </div>
          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, serif">Pursuant
  to the requirements of the Securities Exchange Act of 1934, as amended, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td valign="top" width="52%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" colspan="4" valign="top" width="48%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">REALTY
        INCOME CORPORATION</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="52%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" colspan="4" valign="top" width="48%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="52%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">Date:
        February 17, 2009</font></div>
                </td>
                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">By:</font></div>
                </td>
                <td align="left" colspan="2" valign="top" width="20%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif; TEXT-DECORATION: underline">/s/
        MICHAEL R. PFEIFFER</font></div>
                </td>
                <td valign="top" width="18%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td valign="top" width="52%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">Name:</font></div>
                </td>
                <td align="left" colspan="2" valign="top" width="39%">
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        R. Pfeiffer</font></div>
                </td>
              </tr>
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                </td>
                <td align="left" colspan="2" valign="top" width="39%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">Executive
        Vice President,</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font size="2">General Counsel and
    Secretary</font></div>
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          </div>
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  </font></div>
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  TO EXHIBITS</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 8pt; FONT-FAMILY: times new roman, serif">Exhibit
        No.</font></div>
              </td>
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        </font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 8pt; FONT-FAMILY: times new roman, serif">Description</font></div>
              </td>
            </tr>
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              <td align="left" valign="top" width="7%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">99.1</font></div>
              </td>
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        </font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman, serif">Press
        Release dated February 13, 2009.</font></div>
              </td>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "ric8k_kuppingersmithretire.htm", "description": "FORM 8-K FOR ROGER KUPPINGER &AMP; WILLARD SMITH RETIREMENT", "secsgml_size_bytes": 27020}]
metadata_filer: {"company-data": {"conformed-name": "REALTY INCOME CORP", "cik": "0000726728", "assigned-sic": "6798", "irs-number": "330580106", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13374", "film-number": "09614990"}, "business-address": {"street1": "600 LA TERRAZA BLVD", "city": "ESCONDIDO", "state": "CA", "zip": "92025", "phone": "7607412111"}, "mail-address": {"street1": "600 LA TERRAZA BLVD", "city": "ESCONDIDO", "state": "CA", "zip": "92025"}}
text: ric8k_kuppingersmithretire.htm
  UNITED
  STATES
  SECURITIES
  AND EXCHANGE COMMISSION
  Washington,
  D.C. 20549
  FORM 8-K
  CURRENT
  REPORT
  Pursuant
  to Section 13 or 15(d) of the Securities Exchange Act of
  1934
  February
  13, 2009
  Date
  of Report (Date of earliest event reported)
  REALTY
  INCOME CORPORATION
  (Exact
  name of registrant as specified in its charter)
  Maryland
  1-13374
  33-0580106
  (State
        or Other Jurisdiction of Incorporation)
  (Commission
        File Number)
  (IRS
        Employer Identification
  Number)
  600
  La Terraza Boulevard, Escondido, California 92025-3873
  (Address
  of principal executive offices) (Zip Code)
  (760)
  741-2111
  (Registrant's
  telephone number, including area code)
  N/A
  (Former
  Name or Former Address, if Changed Since Last Report)
  Check
  the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions:
  o
  Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  o
  Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
  240.14a-12)
  o
  Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17
  CFR 240.14d-2(b))
  o
  Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17
  CFR 240.13e-4(c))
  Item
        5.02
  Departure
        of Directors or Certain Officers; Election of Directors; Appointment of
        Certain Officers; Compensatory Arrangements of Certain
        Officers.
  On
  February 13, 2009, Realty Income Corporation (the "Company") announced that two
  of its non-executive directors, Roger P. Kuppinger and Willard H Smith Jr, will
  retire from the Board of Directors effective after Realty Income's annual
  meeting of shareholders on May 12, 2009.  The Company further
  announced that Ronald L. Merriman will become the chairman of the Audit
  Committee upon the retirement of Mr. Kuppinger, effective after the annual
  shareholder meeting on May 12, 2009.  Mr. Merriman has been a director
  of Realty Income since July 2005 and has served on various of the Company's
  committees, including the Audit Committee, since being elected to the Board of
  Directors in 2005.
  Item
        9.01
  Financial
        Statements and Exhibits.
  (d)
  Exhibits.
  99.1
  Press
        Release dated February 13, 2009.
  SIGNATURE
  Pursuant
  to the requirements of the Securities Exchange Act of 1934, as amended, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  REALTY
        INCOME CORPORATION
  Date:
        February 17, 2009
  By:
  /s/
        MICHAEL R. PFEIFFER
  Name:
  Michael
        R. Pfeiffer
  Title:
  Executive
        Vice President,
  General Counsel and
    Secretary
  INDEX
  TO EXHIBITS
  Exhibit
        No.
  Description
  99.1
  Press
        Release dated February 13, 2009.