Contact:
JOSEPH MACNOW
(201) 587-1000

OCTOBER 29, 2009
Vornado Declares Quarterly Dividends On Preferred Shares

      PARAMUS, NEW JERSEY……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 

      In each case, dividends are payable on January 4, 2010 to shareholders of record on December 15, 2009.

      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.

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