SL Green on the up.SL Green Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp. reported funds from operations Funds From Operations (FFO) Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. available to common stockholders, or FFO FFO See: Funds from operations , of $55.5 million, or $1.13 per share, for the third quarter ended September September: see month. 30, 2006, consistent with the same quarter in 2005. The results for 2005 included an incentive fee of $10.8 million ($0.24 per share). Excluding the incentive fee, FFO for the quarter ended September 30, 2006 would have increased approximately 35.8% over the same quarter in 2005. The company also reported FFO of $3.42 per share for the nine months ended September 30, 2006, an 8.9% increase over the same period in 2005, which was $3.14 per share. Net income available to common stockholders totaled $118.7 million, or $2.53 per share for the third quarter and $171.5 million, or $3.78 per share for the nine months ended September 30, 2006, an increase of $81.4 million and $54.8 million over the respective periods in 2005. 2006 year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. results include gains on sale of $2.08 per share compared to gains on sale of $1.04 per share in 2005. SL Green saw an increase in average office starting rents by 25.8% and the signing of 56 office leases totaling 586,000 s/f during the quarter. |
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