VORNADO REALTY TRUST 18 SQUARE PERCENT LOCATION FEET LEASED PRINCIPAL TENANTS RETAIL PROPERTIES Regional Malls Green Acres Mall,  1,596,000 95.6% Macy’s, Sears, National Wholesale Liquidators,  Valley Stream, NY (1) Circuit City, JC Penney, Wal-Mart Monmouth Mall, Monmouth, NJ  717,000 94.9% Boscov’s (3) , JC Penney (3) , Loews Theatre,  (50% ownership) Lord & Taylor, Old Navy, Macy’s (3) Monteheidra Mall, Puerto Rico 554,000 90.8% Kmart, Home Depot, Marshalls, Caribbean Theatres Las Catalinas Mall, Puerto Rico 354,000 94.5% Kmart Bergen Mall, Paramus, NJ  903,000 93.0% Macy’s, Value City, Marshalls,  (acquired 12/12/03) Saks Off Fifth Avenue Outlet Total Regional Malls 4,124,000 94.2% Vornado’s Ownership Interest 3,765,000 94.1% Strip Shopping Centers NEW JERSEY Bordentown 179,000 95.0% Shop-Rite Bricktown 263,000 96.0% Kohl’s, Foodrama Shop-Rite Cherry Hill 264,000 91.1% Toys “R” Us, Wal-Mart Delran 172,000 95.5% Sam’s Wholesale  Dover 173,000 98.8% Shop-Rite, Lowe’s Home Center (2) East Brunswick 231,000 100.0% Kohl’s, T.J. Maxx, Circuit City, Dick’s Sporting Goods East Hanover I & II 348,000 87.0% Home Depot, Dick’s Sporting Goods, Marshalls Hackensack 269,000 98.2% Home Depot, Pathmark, Staples Jersey City 220,000 100.0% Shop-Rite, Lowe’s Home Center (2) Kearny 106,000 98.2% Pathmark, Marshalls Lawnside 145,000 78.8% Home Depot Lodi 171,000 100.0% National Wholesale Liquidators Manalapan 198,000 100.0% Best Buy, Bed Bath & Beyond, Babies “R” Us Marlton 181,000 96.1% Kohl’s, Shop-Rite Middletown 232,000 93.0% Kohl’s, Stop & Shop Morris Plains 177,000 100.0% Kohl’s, Shop-Rite North Bergen 62,000 100.0% Waldbaum’s North Plainfield (1) 219,000 88.1% Kmart, Pathmark Totowa 317,000 100.0% Bed Bath & Beyond, Home Depot, Marshalls Turnersville 96,000 100.0% Haynes Furniture Union 279,000 95.6% Toys “R” Us, Lowe’s Home Center (2) Watchung 166,000 96.5% B.J.’s Wholesale Woodbridge 228,000 85.7% Wal-Mart, Syms