SL Green Realty Corp. Reports Third Quarter 2020 EPS of $0.19 Per Share; and FFO of $1.75 Per Share
NEW YORK–(BUSINESS WIRE)–SL Green Realty Corp. (NYSE: SLG):
Financial and Operating Highlights
- Net income attributable to common stockholders of $0.19 per share for the third quarter of 2020 as compared to $0.40 per share for the same period in 2019.
- Funds from operations, or FFO, of $1.75 per share for the third quarter of 2020, which includes $24.3 million of income derived from a legal settlement offset by $4.1 million of related costs, equating to $0.26 per share, partially offset by $9.0 million, or $0.12 per share, of losses related to certain debt and preferred equity (“DPE”) investments that were sold. FFO for the same period in 2019 was $1.75 per share.
- Reduced corporate debt and ended the third quarter with…