UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                          ----------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):
                                November 10, 2004

                              VORNADO REALTY TRUST
               (Exact Name of Registrant as Specified in Charter)


            MARYLAND                  NO. 001-11954            NO. 22-1657560
-------------------------------     ----------------        --------------------
(State or Other Jurisdiction of        (Commission             (IRS Employer
         Incorporation)               File Number)           Identification No.)
                                                     


               888 SEVENTH AVENUE
               NEW YORK, NEW YORK                                    10019
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    (Address of Principal Executive Offices)                       (Zip Code)

Registrant's telephone number, including area code: (212) 894-7000
                                                    --------------


     -----------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities 
Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
(17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under 
the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under 
the Exchange Act (17 CFR 240.13e-4(c))



Item 8.01  OTHER EVENTS.

On November 10, 2004, Vornado Realty Trust and Vornado Realty L.P. entered into
an underwriting agreement with Citigroup Global Markets Inc. and Merrill Lynch,
Pierce, Fenner & Smith Incorporated, as the Underwriter named therein, relating
to the issuance and sale by Vornado Realty Trust of an aggregate of 6 million
6.75% Series F Cumulative Redeemable Preferred Shares, liquidation preference
$25.00 per share, no par value (the "Series F Preferred Shares"), of Vornado
Realty Trust for an aggregate purchase price of approximately $145.28 million.
The issuance and sale of the Series F Preferred Shares was consummated on
November 17, 2004. Expenses payable by Vornado Realty Trust in connection with
the offering of the Series F Preferred Shares are estimated at approximately
$300,000.

Item 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

 (c)     Exhibits.

         The following documents are filed as Exhibits to this report:

         1.1    Underwriting Agreement, dated November 10, 2004, among Vornado
                Realty Trust, Vornado Realty L.P. and Citigroup Global Markets
                Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated

         3.1    Articles Supplementary to Declaration of Trust with
                respect to 6.75% Series F Cumulative Redeemable
                Preferred Shares of Beneficial Interest (incorporated by
                reference to Exhibit 3.28 of Vornado Realty Trust's
                Registration Statement on Form 8-A (File No. 001-11954),
                filed on November 17, 2004).

         99.1   Press Release, dated November 10, 2004.







                                    SIGNATURE



         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                    VORNADO REALTY TRUST
                                    (Registrant)





                                    By:    /s/ Joseph Macnow
                                        ----------------------------------
                                    Name:  Joseph Macnow
                                    Title: Executive Vice President -
                                           Finance and Administration
                                           and Chief Financial Officer

Date:  November 19, 2004









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                                  EXHIBIT INDEX

1.1     Underwriting Agreement, dated November 10, 2004, among Vornado Realty
        Trust, Vornado Realty L.P. and Citigroup Global Markets Inc. and Merrill
        Lynch, Pierce, Fenner & Smith Incorporated
3.1     Articles Supplementary to Declaration of Trust with respect
        to 6.75% Series F Cumulative Redeemable Preferred Shares of
        Beneficial Interest (incorporated by reference to Exhibit
        3.28 of Vornado Realty Trust's Registration Statement on Form
        8-A (File No. 001-11954), filed on November 17, 2004).
99.1    Press Release, dated November 10, 2004.











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