PRESS RELEASE

Vornado Declares Quarterly Dividends On Preferred Shares

May 26, 2011

PARAMUS, N.J.--(BUSINESS WIRE)-- VORNADO REALTY TRUST (NYSE:VNO) today announced that its Board of Trustees has declared the following quarterly preferred dividends:

          Series A Convertible     $ .8125000 per share
          Series E Cumulative Redeemable     $ .4375000 per share
          Series F and H Cumulative Redeemable     $ .4218750 per share
          Series G and I Cumulative Redeemable     $ .4140625 per share
          Series J Cumulative Redeemable     $ .3389757 per share
                 

The Series J dividend represents a pro-ration of the quarterly dividend of $.4296875 for the period from April 20, 2011 (the initial settlement date of the series) to June 30, 2011.

In each case, dividends are payable on July 1, 2011 to shareholders of record on June 15, 2011.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.

 

Source: Vornado Realty Trust

Contact:

Vornado Realty Trust

Joseph Macnow, 201-587-1000