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

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.”