8-K

                                  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):

                               SEPTEMBER 23, 2003

                              VORNADO REALTY TRUST
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

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

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

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

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

Item 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.

      On September 23, 2003, Vornado Realty Trust issued a press release. A copy
of the press release is filed herewith as Exhibit 99.1 and is incorporated
herein by reference.

Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

      (c) Exhibits.

      The following document is filed as an Exhibit to this report:

                  99.1      Press Release, dated September 23, 2003.


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                                    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: September 23, 2003


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                                  EXHIBIT INDEX

                        
           99.1            Press Release, dated September 23, 2003

EX-99.1

                                                                    EXHIBIT 99.1

CONTACT:  JOSEPH MACNOW
          (201) 587-1000

                                                           VORNADO REALTY TRUST

                                                             210 Route 4 East
                                                             Paramus, NJ 07652

FOR IMMEDIATE RELEASE - September 23, 2003

             VORNADO ANNOUNCES INVESTOR CONFERENCE AND LIVE WEBCAST

      PARAMUS, NEW JERSEY.......VORNADO REALTY TRUST (New York Stock Exchange:
VNO) plans to host an investor conference on September 30, 2003 at 2:00 P.M.
EDT. The conference will be Webcast live by Vornado Realty Trust and the Webcast
and materials presented at the conference can be accessed at Vornado's website
www.vno.com.

      A replay of the conference will be available from October 1, 2003 through
November 15, 2003, at the above Website.

      Vornado Realty Trust is a fully-integrated equity real estate investment
trust.

      Certain statements contained or incorporated herein and in the investor
conference referred to in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of Vornado Realty Trust to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks associated
with the timing of and costs associated with property improvements, financing
commitments and general competitive factors.

      More detailed information about these and other factors is set forth in
Vornado's Annual Report on Form 10-K for the fiscal year ended December 31, 2002
and in its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30,
2003. Vornado is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements.