SL Green Realty Reports Q4 FFO Per Share Of $1.45 Before Transaction Costs

(RTTNews) - SL Green Realty Corp. (SLG) reported fourth-quarter net income to stockholders of $56.79 million or $0.59 per share, compared to $37.12 million or $0.39 per share, prior year. FFO per share was $1.43, compared to $1.38. FFO was $1.45 per share, before transaction costs of $2.1 million, or $0.02 per share, and net of non-recurring charges of $6.9 million, or $0.07 per share, related to the early repayment of the mortgage on 625 Madison Avenue, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.45 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $386.63 million from $350.45 million last year. Analysts expected revenue of $293.70 million for the quarter.