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Vornado Realty Trust operates as a real estate investment trust (REIT). As of December 31, 2005, it owned 111 office properties aggregating approximately 30.7 million square feet in the New York City metropolitan area, as well as in the Washington D.C. and Northern Virginia area; 111 retail properties in 9 states and Puerto Rico aggregating approximately 16.2 million square feet; and 10 properties in 6 states approximately 9.5 million square feet of showroom and office space. In addition, as of the above date, the company owned 47.6% interest in Americold Realty Trust, which owned and operated 85 cold storage warehouses; 32.95% interest in Toys “R” Us, Inc. that owned and operated 1204 stores worldwide, including 587 toys stores and 242 Babies “R” Us stores in the United States, and 306 toy stores internationally; and 33% of the outstanding common stock of Alexander's, Inc., which had 6 properties in the greater New York metropolitan area. Additionally, as of the same date, it owned Hotel Pennsylvania in New York City; 15.8% interest in The Newkirk Master Limited Partnership, which owned office, retail, and industrial properties; and 11.3% interest in GMH Communities L.P. that owned and managed student and military housing properties in the United States, 7 dry warehouse/industrial properties in New Jersey containing approximately 1.5 million square feet, and other investments and marketable securities. The company also offers mezzanine loans to real estate related companies. As a REIT, it would not be subject to federal income tax purposes, provided that the company distributes atleast 90% of taxable income to its shareholders. Vornado Realty Trust has a joint venture agreement with Reliance Industries, Ltd. to acquire, develop, and operate retail shopping centers in India. Vornado Realty Trust is based in New York City.

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Key Statistics

Closing Price	83.03
Volume	(mio) 1.11
Volume Avg	(mio) 1.07
52 Week High	98.77
52 Week Low	68.39
PE	25.69
PE (group average)	40
EPS Year	3.23
EPS change Q/Q	63.16%
EPS change Q/Q Yr ago	97.27%
EPS change Q/Q next Q est	87.07%
EPS change Y/Y	-84.56%
REV change Q/Q	8.35%
REV change Q/Q Yr ago	7.56%
EPS next Q est	1.16
EPS next Y est	5.31
Divident Annual	2.76
Dividend Yield	3.32%