Item 5.02. Departure of Directors or Principal Officers; Election of Directors;

           Appointment of Principal Officers; Compensatory Arrangements of
           Certain Officers.

(c) Appointment of Sean P. Nugent as Principal Accounting Officer.

On November 15, 2021, Sean P. Nugent, the current Senior Vice President, Controller of Realty Income Corporation (the "Company"), has been appointed as the Company's Senior Vice President, Controller and Principal Accounting Officer, effective January 1, 2022.

Mr. Nugent, 49, has served as the Company's Senior Vice President, Controller since 2017, and as the Company's interim Principal Financial Officer and Treasurer from January 2020 to January 2021. He joined the Company in 2006 and served as Accounting Manager before being promoted to Associate Vice President, Assistant Controller, in 2012 and to Vice President, Controller in 2014. Prior to joining us, Mr. Nugent worked in various accounting positions for a number of San Diego companies, including for PricewaterhouseCoopers. Mr. Nugent is a licensed Certified Public Accountant in California. Mr. Nugent holds a B.S. in Accounting and a minor in Math from the University of San Diego.

Mr. Nugent has no family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company. Mr. Nugent is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Mr. Nugent has not entered into any material plan, contract, arrangement or amendment in connection with his appointment as Senior Vice President, Controller and Principal Accounting Officer.

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