Press Release

Contact:

Joseph Macnow
Work(212) 894-7000
July 27, 2017

Vornado Declares a Quarterly Common Dividend of $.60 per Share,
a New Indicated Annual Rate of $2.40

NEW YORK…..VORNADO REALTY TRUST (NYSE:VNO) today announced that its Board of Trustees has declared a regular quarterly dividend of $.60 per common share, a new indicated annual rate of $2.40.  The dividend will be payable on August 18, 2017 to common shareholders of record on August 7, 2017.

The new indicated annual dividend rate when combined with the expected dividend of JBG SMITH (NYSE:JBGS), which was spun-off from Vornado on July 18, 2017, is the same $2.84 annual rate that was previously paid by Vornado on its common shares.

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