(Mark your Calendars: RealShare NEW YORK at the Marriott Marquis on October 12.)
NEW YORK CITY-SL Green Realty Corp. said late Wednesday afternoon its second-quarter funds from operations rose to $92.9 million year-to-date--or $1.08 per diluted share--compared to $81.5 million for the same quarter in 2010, a 5.9% increase overall. Manhattan’s largest office landlord also reported that net income attributable to common stockholders totaled $526.5 million in Q2, compared to $137 million at the same time last year.
The per share increase was primarily due to a $46.1-million gain on the $161-million sale of 28 W. 44th St., and a purchase price fair value adjustment on the acquisition of SITQ’s interest in 1515 Broadway, a transaction that valued consolidated interests of $1.23 billion.
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