Vornado's common shares are traded on the New York Stock Exchange under the symbol "VNO."

Quarterly closing price ranges of the common shares and dividends paid per share for the years ended December 31, 2005 and 2004 were as follows:



(1) Comprised of a regular quarterly dividend of $.76 per share and a special capital gain dividend of $.05 per share.
(2) Comprised of a regular quarterly dividend of $.80 per share and a special capital gain dividend of $.77 per share.
(3) Comprised of a regular quarterly dividend of $.71 per share and a special capital gain dividend of $.16 per share.


On February 1, 2006, there were 1,582 holders of record of the Company's common shares.


Recent Sales of Unregistered Securities

During 2005 the Company issued 127,991 common shares upon the redemption of Class A units of the Operating Partnership held by persons who received units in private placements in earlier periods in exchange for their interests in limited partnerships that owned real estate. The common shares were issued without registration under the Securities Act of 1933 in reliance on Section 4 (2) of that Act.