Realty Income Corporation is a real estate investment trust known as “The Monthly Dividend Company®” for its practice of paying investor dividends on a monthly rather than quarterly basis. It is chartered in the state of Maryland

Maryland

Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...

 and has its headquarters in Escondido, California

California

California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

. As of 2010, the company owns approximately 2,600 commercial real estate properties in 49 states, with total assets of approximately $4.1 billion and net income of $130 million.
Realty Income Corporation was founded in 1969 by William E.