Exhibit 24.1
                          ============



The Board of Directors
Realty Income Corporation:


We consent to incorporation by reference in Amendment No. 1 to
the Registration Statement No. 33-95374 on Form S-3 of Realty
Income Corporation and to incorporation by reference in
Registration Statement No. 33-95708 on Form S-8 of Realty Income
Corporation, of our report relating to the consolidated balance
sheets of Realty Income Corporation as of December 31, 1995 and
1994, and the related consolidated statements of income,
stockholders' equity and cash flows for each of the years in the
three-year period ended December 31, 1995, and the related
Schedule III.  Such report is dated January 26, 1996, except as
to Note 5B to the consolidated financial statements, which is as
of February 15, 1996, and appears in the December 31, 1995 annual
report on Form 10-K of Realty Income Corporation.


                          KPMG Peat Marwick LLP



San Diego, California
March 18, 1996


















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