In This Article:
NEWYORK, N.Y. (AP) — NEWYORK, N.Y. (AP) — SL Green Realty Corp. (SLG) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations.
The Newyork, New York-based real estate investment trust said it had funds from operations of $105.9 million, or $1.45 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $1.53 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $9.4 million, or 13 cents per share.
The commercial real estate investment trust, based in Newyork, New York, posted revenue of $245.9 million in the period. Its adjusted revenue was $139.6 million.
For the year, the company reported funds from operations of $353.7 million. Revenue was reported as $543 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLG at https://www.zacks.com/ap/SLG