VORNADO REALTY TRUST 22 ALEXANDER’S PROPERTIES  (A 33.1% Owned Investment) THE NEWKIRK MASTER LIMITED PARTNERSHIP  (A 22.6% Owned Investment) The Newkirk Master Limited Partnership owns an aggregate of 19.6 million square feet of office, retail and industrial properties located throughout the United States, which ar net leased primarily to credit rated tenants. The Temperature Controlled Logistics business owns 87 refrigerated war ehouses with an aggregate capacity of approximately 440.7 million cubic feet. The warehouses are located in 32 states. TEMPERATURE CONTROLLED LOGISTICS  (A 60% Owned Investment) (1) 100% Ground and/or building interest, other than 150 East 58th Street and Green Acres, where approximately 10% of the ground is leased. (2) Lease has not commenced. (3) Tenant owns land and building. SQUARE PERCENT LOCATION FEET LEASED PRINCIPAL TENANTS Operating Properties NEW YORK: Kings Plaza Regional Shopping  Center—Brooklyn 759,000 98% Macy’s (3) , Sears Rego Park I—Queens 351,000 100% Bed Bath & Beyond, Circuit City, Marshalls, Sears Flushing—Queens 177,000 — NEW JERSEY: Paramus N/A 100% IKEA Development Properties NEW YORK: 731 Lexington Avenue—Manhattan 1,304,000 — Bloomberg, Hennes & Mauritz, Home Depot Rego Park II—Queens — —