Vornado Realty Trust Security Rating

Vornado Realty L.P. engages in the ownership and operation of office, retail, and showroom properties in the United States. As of December 31, 2007, it owned 28 office properties in the New York City metropolitan area, and 83 office properties in the Washington, DC and Northern Virginia areas; 177 retail properties; 9 merchandise mart properties; and 90 cold storage warehouses, as well as 588 toy stores and 259 Babies ‘R’ Us stores in the United States, and 505 toy stores internationally. The company also has investments in 7 properties in the greater New York metropolitan area; the Hotel Pennsylvania in New York City; 6 dry warehouse/industrial properties in New Jersey covering approximately 1.2 million square feet; and marketable securities, as well as in other public companies that own and manage office, industrial, and retail properties leased to corporations, and student and military housing properties. Vornado Realty Trust operates as general partner of the company. The company is based in New York, New York. Vornado Realty LP operates as a subsidiary of Vornado Realty Trust.