SL Green Realty (SLG) Tops Q3 FFO by 16c/Share

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Go back to SL Green Realty (SLG) Tops Q3 FFO by 16c/Share

SL Green Realty Corp. Reports Third Quarter 2015 FFO of $1.71 Per Share before Transaction Costs; and EPS of $1.64 Per Share

October 21, 2015 5:26 PM EDT

NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE: SLG):

Financial and Operating Highlights

Third quarter 2015 FFO of $1.71 per share before transaction related costs of $0.06 per share compared to third quarter 2014 FFO of $1.55 per share before non-recurring charges related to the refinancing of 420 Lexington Avenue of $0.24 per share and transaction related costs of $0.03 per share. Current year FFO includes a tax benefit of $0.05 per share related to the Companys taxable REIT subsidiary. Third quarter 2015 net income attributable to common stockholders of... More

SL Green Announces Sale of Two Manhattan Properties

October 20, 2015 4:05 PM EDT

NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE: SLG), New York City's largest commercial property owner and an S&P 500 company, today announced two transactions with an aggregate value of $649 million:

1) An agreement to sell the leased fee interest in 885 Third Avenue for a gross sale price of $453 million; and

2) An agreement to sell the recently-completed Pace University dormitory tower at 33 Beekman Street for a gross sale price of $196 million. SL Green owns the property in a joint venture.

SL Green... More