1 EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT New Plan Realty Trust, the Registrant New Plan Securities Corp., a New York corporation New Plan Realty of Alabama, Inc., an Alabama corporation Avion Service Corp., a Pennsylvania corporation New Plan Realty of Kingsport, Inc., a Tennessee corporation New Plan Factory Malls, Inc., a Delaware corporation New Plan of Tara, Inc., a Delaware corporation New Plan of Fashion Corners, Inc., a Delaware corporation New Plan Disbursing Corp., a Delaware corporation New Plan Realty of Louisiana, Inc., a Delaware corporation New Plan of Tennessee, Inc., a Delaware corporation New Plan Realty of Louisiana, L.P., a Delaware limited partnership New Plan of Waterford Place, L.P., a Delaware limited partnership New Plan of Tennessee, L.P., a Delaware limited partnership New Plan of New Garden, Inc., a Delaware corporation New Plan of New Jersey, Inc., a Delaware corporation New Plan of Tinton Falls, Inc., a Delaware corporation New Plan of Eastgreen, Inc., a Delaware corporation New Plan of Northgate, Inc., a Delaware corporation New Plan of Polo Run, Inc., a Delaware corporation