Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has authorized the repurchase of up to $300 million of its outstanding common shares under a new share repurchase program.

Under Vornado's existing $200 million share repurchase program, Vornado has repurchased 6,929,439 of its common shares at an average price of $25.80 per share and has approximately $21 million of remaining capacity under that prior program.