Search
 

SL Green’s FFO Increases to $90M in Q4

NEW YORK CITY-During an earnings call on Tuesday morning, CEO Marc Holliday said the REIT’s portfolio activity is “high” despite a citywide slowdown, showing 662,000 square feet of leasing and $4.5 billion in acquisitions.

By Jacqueline Hlavenka | Updated on January 31, 2012

NEW YORK CITY-SL Green Realty Corp., the city’s largest Manhattan office REIT, said Tuesday morning that its fourth-quarter funds from operations rose to $90.3 million—or 97-cents per diluted share—compared to $$77.4 million for the same quarter in 2010. The company also reported that net income attributable to common stockholders totaled $2.8 million, or 3-cents per diluted share, for the quarter ended Dec. 31, 2011.

During an earnings call on Tuesday morning, Marc Holliday, chief executive officer of SL Green, said the financial results capped off a “very good year” for the company across its entire portfolio. “While those who had significant concerns about the New York office market and were surprised by these results, we certainly were not,” he said. “The company’s performance was well in-line with the guidance we gave last month at our investor conference.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.