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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:18.0pt;">United
  States</font></b></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:18.0pt;">Securities
  and Exchange Commission</font></b></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">Washington, D.C. 20549</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:18.0pt;">Form
  8-K</font></b></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:18.0pt;">Current
  Report</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">Pursuant to Section 13
  or 15(d) of the<br>
  Securities Exchange Act of 1934</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">Date of report: </font><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">February
  27, 2018<br>
  &nbsp;</font></b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">(Date of Earliest Event Reported)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:18.0pt;">REALTY
  INCOME CORPORATION</font></b></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Exact name of
  registrant as specified in its charter)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align=center>
  
  <table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
   <tr>
    <td valign=top width=32% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:12.0pt;">Maryland</font></b></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=32% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:12.0pt;">1-13374</font></b></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=32% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:12.0pt;">33-0580106</font></b></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  <tr>
    <td valign=top width=32% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">(State or Other
    Jurisdiction of<br>
    Incorporation or Organization)</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=32% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">(Commission File
    Number)</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=32% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" style="font-size:10.0pt;">(IRS Employer
    Identification No.)</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;
  </font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">11995 El Camino Real,
  San Diego, California 92130</font></b></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Address of
  principal executive offices)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">(858) 284-5000<br>
  &nbsp;</font></b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(Registrant</font><font color=black face="times new roman" lang=EN-US style="font-size:10.0pt;">&#8217;</font><font face="times new roman" lang=EN-US style="font-size:10.0pt;">s telephone
  number, including area code)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">N/A<br>
  &nbsp;</font></b><font face="times new roman" lang=EN-US style="font-size:10.0pt;">(former
  name or former address, if changed since last report)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">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:</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">[ ] Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
  Act (17 CFR 240.14a-12)</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
  under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
  under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">Indicate by check mark whether the registrant is an emerging
  growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
  &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
  &#167;240.12b-2).</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">Emerging growth company &#61551;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:9.0pt;">If an emerging growth company, indicate by check mark if the
  registrant has elected not to use the extended transition period for complying
  with any new or revised financial accounting standards provided pursuant to
  Section 13(a) of the Exchange Act. &#61551;</font><font face="times new roman" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  
  
  
  
  
  </DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">Item 8.01 Other Events</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">United States Federal Income Tax Considerations</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">As a result of recent changes in applicable tax law, Realty Income
  Corporation (the &#8220;Company&#8221;) is superseding and replacing (i) the discussion
  under the heading &#8220;United States Federal Income Tax Considerations&#8221; in Exhibit
  99.1 to the Company&#8217;s Current Report on Form 8-K filed with the Securities and
  Exchange Commission (the &#8220;SEC&#8221;) on February 27, 2017 (the &#8220;2017 Form 8-K
  Exhibit 99.1&#8221;), (ii) the discussion under the heading &#8220;United States Federal
  Income Tax Considerations&#8221; in Exhibit 99.1 to the Company&#8217;s Current Report on
  Form 8-K filed with the SEC on August 4, 2016 (the &#8220;2016 Form 8-K Exhibit
  99.1&#8221;) and (iii) the discussion under the heading &#8220;United States Federal Income
  Tax Considerations&#8221; in the prospectus dated December 21, 2015 (the &#8220;Base
  Prospectus&#8221;), which forms part of the Registration Statement on Form S-3 (File
  No. 333-208652) of the Company filed by the Company with the SEC on December
  21, 2015 and which is also attached to (a) each of the three prospectus
  supplements dated December 21, 2015 filed by the Company with the SEC on
  December 21, 2015 pursuant to Rule 424(b) of the Securities Act of 1933, as
  amended (&#8220;Rule 424(b)&#8221;), and (b) the prospectus supplement dated October 27,
  2017 filed by the Company with the SEC on October 27, 2017 pursuant to Rule
  424(b). The discussion under the heading &#8220;United States Federal Income Tax
  Considerations&#8221; in Exhibit 99.1 hereto (incorporated herein by reference)
  supersedes and replaces, in their entirety, (i) the discussion in the 2017 Form
  8-K Exhibit 99.1, (ii) the discussion in the 2016 Form 8-K Exhibit 99.1 and
  (iii) the discussion under the heading &#8220;United States Federal Income Tax
  Considerations&#8221; in the Base Prospectus.</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">Item 9.01 Financial Statements and Exhibits.</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">(d)
  Exhibits</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:483.850006pt;">
   <tr>
    <td valign=top width=7% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">99.1</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=93% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">United States Federal Income Tax Considerations</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  </table></div>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp; </font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  
  
  
  
  
  </DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">SIGNATURE</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;text-indent:.25in;"><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">Pursuant to the requirements of the Securities Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned hereunto duly authorized.</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
   <tr>
    <td valign=top width=50% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">Dated: February 27, 2018 </font><font color=black face="times new roman" style="font-size:1.0pt;">6</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td colspan=2 valign=top width=50% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">REALTY INCOME CORPORATION</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  <tr>
    <td valign=top width=50% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=6% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=44% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  <tr>
    <td valign=top width=50% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=6% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">By:</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=44% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">/s/ MICHAEL R. PFEIFFER</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  <tr>
    <td valign=top width=50% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:4.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=6% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:4.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=44% style="border-bottom:solid black 1.5pt;padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:4.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
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    <td valign=top width=50% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=6% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=44% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:2.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">Michael R. Pfeiffer</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
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    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=6% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=44% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">Executive Vice President, General</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">Counsel and Secretary</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  </table></div>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp; </font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  
  
  
  
  
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" lang=EN-US style="font-size:12.0pt;">INDEX TO EXHIBITS</font></b></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <td valign=bottom width=9% style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face="times new roman" style="font-size:8.0pt;">Exhibit No.</font></b></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=88% style="border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in;">
    <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="times new roman" style="font-size:8.0pt;">Description</font></b></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
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    <td valign=top width=9% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=top width=88% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" style="font-size:10.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
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    <td valign=top width=9% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">99.1</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   <td valign=bottom width=3% style="padding:0in 0in 0in 0in;">
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:1.0pt;">&nbsp;</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
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    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:12.0pt;">United States Federal Income Tax Considerations</font></p>
    <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" style="font-size:11.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  </table></div>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp; </font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
  
  
  
  
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text: realtyincometaxdisclosure8k.htm - Generated by SEC Publisher for SEC Filing
  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
  Date of report:
  February
  27, 2018
  (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 or Organization)
  (Commission File
    Number)
  (IRS Employer
    Identification No.)
  11995 El Camino Real,
  San Diego, California 92130
  (Address of
  principal executive offices)
  (858) 284-5000
  (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:
  [ ] Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
  Act (17 CFR 240.14a-12)
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b)
  under the Exchange Act (17 CFR 240.14d-2(b))
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c)
  under the Exchange Act (17 CFR 240.13e-4(c))
  Indicate by check mark whether the registrant is an emerging
  growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
  §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
  §240.12b-2).
  Emerging growth company 
  If an emerging growth company, indicate by check mark if the
  registrant has elected not to use the extended transition period for complying
  with any new or revised financial accounting standards provided pursuant to
  Section 13(a) of the Exchange Act. 
  Item 8.01 Other Events
  United States Federal Income Tax Considerations
  As a result of recent changes in applicable tax law, Realty Income
  Corporation (the "Company") is superseding and replacing (i) the discussion
  under the heading "United States Federal Income Tax Considerations" in Exhibit
  99.1 to the Company's Current Report on Form 8-K filed with the Securities and
  Exchange Commission (the "SEC") on February 27, 2017 (the "2017 Form 8-K
  Exhibit 99.1"), (ii) the discussion under the heading "United States Federal
  Income Tax Considerations" in Exhibit 99.1 to the Company's Current Report on
  Form 8-K filed with the SEC on August 4, 2016 (the "2016 Form 8-K Exhibit
  99.1") and (iii) the discussion under the heading "United States Federal Income
  Tax Considerations" in the prospectus dated December 21, 2015 (the "Base
  Prospectus"), which forms part of the Registration Statement on Form S-3 (File
  No. 333-208652) of the Company filed by the Company with the SEC on December
  21, 2015 and which is also attached to (a) each of the three prospectus
  supplements dated December 21, 2015 filed by the Company with the SEC on
  December 21, 2015 pursuant to Rule 424(b) of the Securities Act of 1933, as
  amended ("Rule 424(b)"), and (b) the prospectus supplement dated October 27,
  2017 filed by the Company with the SEC on October 27, 2017 pursuant to Rule
  424(b). The discussion under the heading "United States Federal Income Tax
  Considerations" in Exhibit 99.1 hereto (incorporated herein by reference)
  supersedes and replaces, in their entirety, (i) the discussion in the 2017 Form
  8-K Exhibit 99.1, (ii) the discussion in the 2016 Form 8-K Exhibit 99.1 and
  (iii) the discussion under the heading "United States Federal Income Tax
  Considerations" in the Base Prospectus.
  Item 9.01 Financial Statements and Exhibits.
  (d)
  Exhibits
  99.1
  United States Federal Income Tax Considerations
  SIGNATURE
  Pursuant to the requirements of the Securities Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned hereunto duly authorized.
  Dated: February 27, 2018
  6
  REALTY INCOME CORPORATION
  By:
  /s/ MICHAEL R. PFEIFFER
  Michael R. Pfeiffer
  Executive Vice President, General
  Counsel and Secretary
  INDEX TO EXHIBITS
  Exhibit No.
  Description
  99.1
  United States Federal Income Tax Considerations