As is our custom, we present a chart below that traces our ten-year record of growth, both in absolute dollars and per share amounts:

Stock Performance Mike(1) and I manage the business for long-term wealth creation. We cannot directly influence our stock price, but surely our stock price over time is a report card on our

   

performance. Here is a chart showing Vornado's compound annual growth rate (CAGR) as compared to the RMS(2) for periods ending December 31, 2006: