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SL Green Realty Corp. Reports First Quarter 2013 FFO of $1.16 Per Share before Transaction Costs and EPS of $0.21 Per Share



  SL Green Realty Corp. Reports First Quarter 2013 FFO of $1.16 Per Share
  before Transaction Costs and EPS of $0.21 Per Share

Business Wire

NEW YORK -- April 23, 2013

SL Green Realty Corp. (NYSE: SLG):

Financial and Operating Highlights

  * First quarter FFO of $1.16 per diluted share. Exclusive of items
    recognized in the first quarter, normalized FFO is $1.22 per diluted share
    compared to prior year FFO of $1.10 per diluted share.
  * First quarter net income attributable to common stockholders of $0.21 per
    diluted share, inclusive of a gain on sale of $0.01 per diluted share,
    compared to prior year net income of $0.29 per diluted share, inclusive of
    gains on sale of $0.07 per diluted share.
  * Combined same-store cash NOI increased 4.4 percent for the first quarter,
    an increase of $7.7 million over the first quarter of 2012.
  * Signed 55 Manhattan office leases totaling 585,454 square feet during the
    first quarter, which provided for modest concessions of 2.2 months of free
    rent and $20.73 per square foot of tenant improvements. The mark-to-market
    on replacement office leases signed in Manhattan was 0.7 percent higher in
    the first quarter than the previously fully escalated rents on the same
    office spaces.
  * Signed 36 Suburban office leases totaling 305,916 square feet during the
    first quarter. The mark-to-market on replacement office leases signed in
    the Suburban portfolio was 0.8 percent higher in the first quarter than
    the previously fully escalated rents on the same office spaces.

Investing Highlights

  * The Company sold a 50 percent interest in a mezzanine loan secured by
    interests in 5 Times Square, Manhattan, generating $57.8 million of
    proceeds to the Company, inclusive of $12.9 million of additional income,
    or $0.14 per diluted share.
  * Arranged a $925.0 million bridge acquisition financing at 550 Madison
    Avenue, also known as the Sony Building. The Company retained a $75.0
    million junior mezzanine participation with a current yield of 17.3
    percent.
  * Acquired two vacant residential buildings in Williamsburg, Brooklyn for
    $54.9 million. The properties are located above a retail condominium
    acquired by the Company in November 2010 and consist of 72 newly
    constructed apartment units and 12 townhouses. Simultaneously, the joint
    venture closed on a $22.0 million, 5-year first mortgage loan which bears
    interest at 225 basis points over the 30-day LIBOR.

Financing Highlights

  * Closed on a $900 million first mortgage refinancing of 1515 Broadway. The
    new 12-year, 3.93 percent fixed rate mortgage financing replaces the
    former $775 million mortgage loan. In conjunction with the refinancing the
    Company recorded a charge of $18.5 million, or $0.20 per diluted share.

Summary

SL Green Realty Corp. (NYSE: SLG) today reported funds from operations, or
FFO, of $109.2 million, or $1.16 per diluted share, for the quarter ended
March 31, 2013, compared to $99.3 million, or $1.10 per diluted share, for the
same quarter in 2012. Exclusive of the items listed below, which were
recognized in the first quarter, normalized FFO for the quarter ended March
31, 2013 is calculated as follows:

                                                              
                                                                 Per Diluted
                                                                 Share
Normalized FFO Reconciliation:
FFO ^ (1)                                                      $ 1.16
Charges related to 1515 Broadway refinancing                     0.20
Gain on the sale of 50% interest in mezzanine investment         (0.14)
Normalized Funds From Operations ^ (2)                         $ 1.22
                                                                  

                ^(1)   See page 10 for a reconciliation of net income
                       available to common stockholders to FFO.
                ^(2)   There were no similar items in the first quarter of
                       2012.

Net income attributable to common stockholders totaled $18.9 million, or $0.21
per diluted share, for the quarter ended March 31, 2013, compared to $25.3
million, or $0.29 per diluted share, for the same quarter in 2012.

Operating and Leasing Activity

For the first quarter of 2013, the Company reported revenues and operating
income of $370.0 million and $195.8 million, respectively, compared to $339.1
million and $182.2 million, respectively, for the same period in 2012.

Same-store cash NOI on a combined basis increased by 4.4 percent to $181.7
million for the quarter ended March 31, 2013 as compared to the same period in
2012. Consolidated property same-store cash NOI increased by 4.8 percent to
$157.5 million and unconsolidated joint venture property same-store cash NOI
increased 2.0 percent to $24.2 million.

Occupancy for the Company’s stabilized, same-store Manhattan portfolio at
March 31, 2013 was 94.3 percent compared to 94.0 percent at March 31, 2012 and
94.3 percent at December 31, 2012.

During the quarter, the Company signed 55 office leases in its Manhattan
portfolio totaling 585,454 square feet. Twenty-seven leases totaling 122,780
square feet represented office leases that replaced previous vacancy, and 28
office leases comprising 462,674 square feet, which had been occupied within
the prior twelve months, had average starting rents of $54.94 per rentable
square foot, representing a 0.7 percent increase over the previously fully
escalated rents on the same office spaces. The average lease term on the
Manhattan office leases signed in the first quarter was 5.4 years and average
tenant concessions were 2.2 months of free rent with a tenant improvement
allowance of $20.73 per rentable square foot.

During the quarter, 536,101 square feet of office leases commenced in the
Manhattan portfolio, 129,746 square feet of which represented office leases
that replaced previous vacancy, and 406,355 square feet of which had been
occupied within the prior twelve months, represented office leases that had
average starting rents of $57.06 per rentable square foot, representing a 4.3
percent increase over the previously fully escalated rents on the same office
spaces.

Occupancy for the Company’s Suburban portfolio was 80.2 percent at March 31,
2013, compared to 81.3 percent at December 31, 2012.

During the quarter, the Company signed 36 office leases in the Suburban
portfolio totaling 305,916 square feet. Twelve leases totaling 88,674 square
feet represented office leases that replaced previous vacancy, and 24 office
leases comprising 217,242 square feet, which had been occupied within the
prior twelve months, had average starting rents of $30.04 per rentable square
foot, representing a 0.8 percent increase over the previously fully escalated
rents on the same office spaces. The average lease term on the Suburban office
leases signed in the first quarter was 8.3 years and average tenant
concessions were 4.9 months of free rent with a tenant improvement allowance
of $20.79 per rentable square foot.

During the quarter, 225,072 square feet of office leases commenced in the
Suburban portfolio, 74,975 square feet of which represented office leases that
replaced previous vacancy, and 150,097 square feet of which had been occupied
within the prior twelve months, represented office leases that had average
starting rents of $32.51 per rentable square foot, representing a 0.7 percent
decrease over the previously fully escalated rents on the same office spaces.

Significant leases that were signed during the first quarter included:

  * Early renewal and expansion on 150,865 square feet with Eisner, LLP for
    3.3 years at 750 Third Avenue;
  * New lease on 58,854 square feet with Viacom International, Inc. for 5.0
    years at 1515 Broadway;
  * Early renewal on 43,294 square feet with WPP Group USA, Inc. for 6.3 years
    at 100 Park Avenue;
  * New lease on 30,030 square feet with The Federative Republic of Brazil for
    10.3 years at 220 East 42^nd Street;
  * New lease on 67,145 square feet with Xylem Inc. for 10.8 years at 1100
    King Street, Westchester County, NY; and
  * Early renewal and expansion on 38,252 square feet with Kaufman Borgeest &
    Ryan LLP for 9.8 years at 200 Summit Lake Drive, Westchester County, NY.

Marketing, general and administrative, or MG&A, expenses for the quarter ended
March 31, 2013 were $21.1 million, or 4.9 percent of total revenues including
the Company’s share of joint venture revenue compared to $20.2 million, or 5.2
percent for the quarter ended March 31, 2012.

Real Estate Investment Activity

In March 2013, the Company, with a joint venture partner, acquired two vacant
residential buildings in Williamsburg, Brooklyn for $54.9 million. The
properties, which are above a retail condominium already owned by the Company,
consist of 72 newly constructed apartment units and 12 townhouses.
Simultaneously, the joint venture closed on a $22.0 million, 5-year first
mortgage loan which bears interest at 225 basis points over the 30-day LIBOR.

Debt and Preferred Equity Investment Activity

The Company’s debt and preferred equity investment portfolio totaled $1.4
billion at March 31, 2013. During the first quarter, the Company purchased and
originated new debt and preferred equity investments totaling $198.9 million,
inclusive of 550 Madison Avenue, all of which are collateralized by New York
City commercial office properties, and recorded $121.4 million of principal
reductions from investments that were sold or repaid. The debt and preferred
equity investment portfolio had a weighted average maturity of 1.9 years as of
March 31, 2013 and had a weighted average yield during the quarter ended March
31, 2013 of 10.6 percent.

During the first quarter the Company sold a 50 percent interest in a mezzanine
loan secured by interests in 5 Times Square, Manhattan, generating $57.8
million of proceeds to the Company, inclusive of $12.9 million of additional
income recorded in the first quarter.

Financing and Capital Activity

In February 2013, the Company closed on a $900 million first mortgage
refinancing of 1515 Broadway. The new 12-year, 3.93 percent fixed rate
mortgage financing replaced the former $775 million mortgage loan. The
refinancing follows the April 2012 renewal by Viacom of 1.6 million square
feet at the office tower through 2031. In conjunction with the refinancing,
the Company paid a prepayment penalty of $7.6 million, or $0.08 per diluted
share, to the providers of the previous mortgage loan and recorded a
non-recurring charge of $10.9 million, or $0.12 per diluted share, for
unamortized deferred financing costs associated with the previous mortgage
loan.

Dividends

During the first quarter of 2013, the Company declared quarterly dividends on
its outstanding common and preferred stock as follows:

  * $0.33 per share of common stock, which was paid on April 15, 2013 to
    stockholders of record on the close of business on April 1, 2013;
  * $0.4766 per share on the Company's Series C Preferred Stock for the period
    January 15, 2013 through and including April 14, 2013, which was paid on
    April 15, 2013 to stockholders of record on the close of business on April
    1, 2013, and reflects the regular quarterly dividend which is the
    equivalent of annualized dividend of $1.9064 per share; and
  * $0.40625 per share on the Company's Series I Preferred Stock for the
    period January 15, 2013 through and including April 14, 2013, which was
    paid on April 15, 2013 to stockholders of record on the close of business
    on April 1, 2013, and reflects the regular quarterly dividend which is the
    equivalent of annualized dividend of $1.625 per share.

Conference Call and Audio Webcast

The Company's executive management team, led by Marc Holliday, Chief Executive
Officer, will host a conference call and audio webcast on Wednesday, April 24,
2013 at 2:00 pm ET to discuss the financial results.

The supplemental package will be available prior to the quarterly conference
call on the Company's website, www.slgreen.com, under “Financial Reports” in
the Investors section. The webcast and accompanying slide presentation from
the Company's annual investor conference also are available on the Company's
web site in the Investors section under "Event Calendar & Webcasts."

The live conference will be webcast in listen-only mode on the Company's
website under “Event Calendar & Webcasts” in the Investors section and on
Thomson's StreetEvents Network. The conference may also be accessed by dialing
800 510.0219 Domestic or 617 614.3451 International, using pass-code “SL
Green.”

A replay of the call will be available through May 2, 2013 by dialing
888.286.8010 Domestic or 617.801.6888 International, using pass-code 52297151.

Company Profile

SL Green Realty Corp., New York City's largest office landlord, is the only
fully integrated real estate investment trust, or REIT, that is focused
primarily on acquiring, managing and maximizing value of Manhattan commercial
properties. As of March 31, 2013, SL Green owned interests in 89 Manhattan
properties totaling 41.6 million square feet. This included ownership
interests in 25 million square feet of commercial properties and debt and
preferred equity investments secured by 13.8 million square feet of
properties. In addition to its Manhattan investments, SL Green holds ownership
interests in 31 suburban assets totaling 5.4 million square feet in Brooklyn,
Long Island, Westchester County, Connecticut and New Jersey, along with four
development properties in the suburbs encompassing approximately 0.5 million
square feet. The Company also has ownership interests in 31 properties
totaling 4.5 million square feet in southern California.

To be added to the Company's distribution list or to obtain the latest news
releases and other Company information, please visit our website at
www.slgreen.com or contact Investor Relations at 212.594.2700.

Disclaimers

Non-GAAP Financial Measures

During the quarterly conference call, the Company may discuss non-GAAP
financial measures as defined by SEC Regulation G. In addition, the Company
has used non-GAAP financial measures in this press release. A reconciliation
of each non-GAAP financial measure and the comparable GAAP financial measure
can be found on page 10 of this release and in the Company’s Supplemental
Package.

Forward-looking Statement

This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this press release are
forward-looking statements. All forward-looking statements speak only as of
the date of this press release. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance, achievements or transactions of the Company to be
materially different from any future results, performance, achievements or
transactions expressed or implied by such forward-looking statements. Such
risks, uncertainties and other factors relate to, among others, the strength
of the commercial office real estate markets in the New York Metropolitan
area, reduced demand for office space, unanticipated increases in financing
and other costs, competitive market conditions, unanticipated administrative
costs, divergent interests from or the financial condition of our joint
venture partners, timing of leasing income, general and local economic
conditions, interest rates, capital market conditions, tenant bankruptcies and
defaults, the availability and cost of comprehensive insurance, including
coverage for terrorist acts, environmental, regulatory and/or safety
requirements, and other factors, all of which are beyond the Company's
control. Additional information or factors that could affect the Company and
the forward-looking statements contained herein are included in the Company's
filings with the Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that become
untrue because of subsequent events.

                                                                            
                                                                              
SL GREEN REALTY CORP.

CONSOLIDATED STATEMENTS OF INCOME-UNAUDITED

(Amounts in thousands, except per share data)
                                      
                                         Three Months Ended

                                         March 31,
                                         2013              2012 
Revenues:
Rental revenue, net                    $   270,489       $   260,762
Escalation and reimbursement               41,000            41,656
Investment and preferred equity            52,708            26,338
income
Other income                               5,774             10,377   
Total revenues                             369,971           339,133  
Expenses:
Operating expenses (including
approximately $4,150 (2013) and            73,633            73,254
$3,471 (2012) paid to related
parties)
Real estate taxes                          53,688            51,480
Ground rent                                10,990            8,806
Interest expense, net of interest          81,336            80,137
income
Amortization of deferred financing         4,463             3,580
costs
Depreciation and amortization              80,683            77,069
Loan loss and other investment             ---               564
reserves, net of recoveries
Transaction related costs                  1,358             1,056
Marketing, general and                     21,067            20,196   
administrative
Total expenses                             327,218           316,142  
Income from continuing operations
before equity in net income of
unconsolidated joint ventures,             42,753            22,991
noncontrolling interests and
discontinued operations
Equity in net income (loss) from           5,073             (1,560  )
unconsolidated joint ventures
Equity in net gain (loss) on sale
of interest in unconsolidated              ---               7,260
joint venture/ real estate
Gain (loss) on investment in               (57     )         ---
marketable securities
Gain (loss) on early                       (18,513 )         ---      
extinguishment of debt
Income from continuing operations          29,256            28,691
Net loss from discontinued                 (32     )         (161    )
operations
Gain on sale of discontinued               1,113             6,627    
operations
Net income                                 30,337            35,157
Net income attributable to
noncontrolling interests in the            (555    )         (888    )
operating partnership
Preferred unit distributions               (565    )         (397    )
Net (income) loss attributable to
noncontrolling interests in other          (2,901  )         (1,071  )
partnerships
Net income attributable to SL              26,316            32,801
Green
Perpetual preferred stock                  (7,407  )         (7,545  )
dividends
Net income attributable to SL          $   18,909        $   25,256   
Green common stockholders
                                                                              
Earnings Per Share (EPS)
Net income per share (Basic)           $   0.21          $   0.29
Net income per share (Diluted)         $   0.21          $   0.29     
                                                                              
Funds From Operations (FFO)
FFO per share (Basic)                  $   1.16          $   1.11
FFO per share (Diluted)                $   1.16          $   1.10     
                                                                              
Basic ownership interest
Weighted average REIT common               91,399            86,744
shares for net income per share
Weighted average partnership units         2,687             3,048    
held by noncontrolling interests
Basic weighted average shares and
units outstanding for FFO per              94,086            89,792   
share
                                                                              
Diluted ownership interest
Weighted average REIT common share         91,615            87,125
and common share equivalents
Weighted average partnership units         2,687             3,048    
held by noncontrolling interests
Diluted weighted average shares            94,302            90,173   
and units outstanding

                                                                            
                                                                              
SL GREEN REALTY CORP.

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except per share data)
                                                       
                                     March 31,            December 31, 
                                     2013                 2012  
Assets                               (Unaudited) 
Commercial real estate
properties, at cost:
Land and land interests            $   2,886,099        $   2,886,099
Buildings and improvements             7,452,347            7,389,766
Building leasehold and                 1,346,481            1,346,748
improvements
Properties under capital lease         47,179               40,340      
                                       11,732,106           11,662,953
Less accumulated depreciation          (1,461,775 )         (1,393,323 )
                                       10,270,331           10,269,630
Assets held for sale                   ---                  4,901
Cash and cash equivalents              220,140              189,984
Restricted cash                        130,233              136,071
Investment in marketable               22,994               21,429
securities
Tenant and other receivables,
net of allowance of $20,947            41,950               48,544
and $21,652 in 2013 and 2012,
respectively
Related party receivables              11,133               7,531
Deferred rents receivable, net
of allowance of $28,475 and            355,250              340,747
$29,580 in 2013 and 2012,
respectively
Debt and preferred equity
investments, net of discount
of $11,251 and $13,572 and             1,443,834            1,357,203
allowance of $7,000 and $7,000
in 2013 and 2012, respectively
Investments in and advances to         1,073,130            1,032,243
unconsolidated joint ventures
Deferred costs, net                    252,018              261,145
Other assets                           722,952              718,326     
Total assets                       $   14,543,965       $   14,387,754  
                                                                              
Liabilities
Mortgages and other loans          $   4,815,485        $   4,615,464
payable
Revolving credit facility              30,000               70,000
Term loan and senior unsecured         1,732,588            1,734,956
notes
Accrued interest and other             73,666               73,769
liabilities
Accounts payable and accrued           143,812              159,598
expenses
Deferred revenue/gain                  322,317              321,764
Capitalized lease obligation           43,404               37,518
Deferred land lease payable            19,750               20,897
Dividend and distributions             37,737               37,839
payable
Security deposits                      49,803               46,253
Liabilities related to assets          ---                  136
held for sale
Junior subordinate deferrable
interest debentures held               100,000              100,000     
by trusts that issued trust
preferred securities
Total liabilities                      7,368,562            7,218,194
                                                                              
Commitments and contingencies          ---                  ---
Noncontrolling interests in            220,174              212,907
the operating partnership
Series G preferred units,
$0.01 par value, $25.00
liquidation preference, 1,902          47,550               47,550
issued and outstanding at both
March 31, 2013 and December
31,2012, respectively
Series H preferred units,
$0.01 par value, $25.00
liquidation preference, 80             2,000                2,000
issued and outstanding at both
March 31, 2013 and December
31, 2012, respectively
                                                                              
Equity
SL Green Realty Corp.
stockholders’ equity
Series C perpetual preferred
shares, $0.01 par value,
$25.00 liquidation preference,
7,700 issued and outstanding           180,340              180,340
at both March 31, 2013 and
December 31, 2012,
respectively
Series I perpetual preferred
shares, $0.01 par value,
$25.00 liquidation preference,
9,200 issued and outstanding           221,932              221,965
at both March 31, 2013 and
December 31, 2012,
respectively
Common stock, $0.01 par value
160,000 shares authorized,
95,201 and 94,896 issued and
outstanding at March 31, 2013
and December 31, 2012,                 953                  950
respectively (inclusive of
3,646 shares held in Treasury
at both March 31, 2013
and December 31, 2012,
respectively)
Additional paid-in capital             4,697,528            4,667,900
Treasury stock-at cost                 (322,858   )         (322,858   )
Accumulated other                      (26,117    )         (29,587    )
comprehensive loss
Retained earnings                      1,665,468            1,701,092   
Total SL Green Realty Corp.            6,417,246            6,419,802
stockholders’ equity
Noncontrolling interests in            488,433              487,301     
other partnerships
Total equity                           6,905,679            6,907,103   
Total liabilities and equity       $   14,543,965       $   14,387,754  

                                                                              
                                                                              
SL GREEN REALTY CORP.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(Amounts in thousands, except per share data)
                                                   
                                                    Three Months Ended

                                                    March 31,
                                                    2013            2012  
FFO Reconciliation:
Net income attributable to common                   $ 18,909        $ 25,256
stockholders
Add:
Depreciation and amortization                         80,683          77,069
Discontinued operations depreciation                  7               14
adjustments
Joint venture depreciation and                        7,527           9,141
noncontrolling interest adjustments
Net income attributable to noncontrolling             3,456           1,959
interests
Less:
Gain on sale of discontinued operations               1,113           6,627
Equity in net gain (loss) on sale of joint            ---             7,260
venture interest
Depreciation on non-rental real estate                245             267
assets
Funds from Operations                                 109,224         99,285

                                                                                                             
                                                                                                               
                              Consolidated                SL Green’s share of
                              Properties                  Unconsolidated Joint        Combined
                                                          Ventures
                              Three Months Ended          Three Months Ended          Three Months Ended
                              March 31,                   March 31,                   March 31,
Operating income and
Same-store NOI                2013         2012           2013         2012           2013         2012 
Reconciliation:
Income from
continuing operations
before equity in net
  income of
unconsolidated joint        $ 42,753     $ 22,991       $            $
ventures,
noncontrolling
  interests and
discontinued
operations
                                                                                                               
Equity in net income
(loss) from joint             5,073        (1,560)        5,073        (1,560)
ventures
Depreciation and              80,683       77,069         16,012       16,056
amortization
Interest expense, net         81,336       80,137         19,542       23,420
of interest income
Amortization of
deferred financing            4,463        3,580          2,362        627
costs
Gain (loss) on early
extinguishment of             (18,513)     ---            ---          ---
debt
Operating income            $ 195,795    $ 182,217      $ 42,989     $ 38,543
                                                                                                               
Marketing, general &
administrative                21,067       20,196         ---          ---
expense
Net operating income
from discontinued             (26)         545            ---          ---
operations
Loan loss and other
investment reserves,          ---          564            ---          ---
net of recoveries
Transaction related           1,358        1,056          ---          161
costs
                                                                                                               
Non-building revenue          (53,152)     (30,890)       (3,661)      (3,635)
Equity in net
(income) loss from            (5,073)      1,560          ---          ---
joint ventures
(Gain) loss on early
extinguishment of             18,513       ---            ---          ---
debt                                                                                $            $
Net operating income          178,482      175,248        39,328       35,069         217,810      210,317
( NOI)
                                                                                                               
Net operating income
from discontinued             26           (545)          ---          ---            26           (545)
operations
NOI from other                (6,417)      (4,941)        (13,538)     (10,255)       (19,955)     (15,196)
properties/affiliates
Same-Store NOI              $ 172,091    $ 169,762      $ 25,790     $ 24,814       $ 197,881    $ 194,576
                                                                                                               
Ground lease
straight-line                 1,888        172            ---          ---            1,888        172
adjustment
                                                                                                               
Straight-line and             (13,279)     (17,470)       (1,132)      (740)          (14,411)     (18,210)
free rent
Rental income – FAS           (3,168)      (2,125)        (491)        (375)          (3,659)      (2,500)
141
Same-store cash NOI         $ 157,532    $ 150,339      $ 24,167     $ 23,699       $ 181,699    $ 174,038

                                                                              
                                                                              
SL GREEN REALTY CORP.

SELECTED OPERATING DATA-UNAUDITED
                                                      
                                                       March 31,
                                                       2013          2012 
Manhattan Operating Data: ^(1)
Net rentable area at end of period (in                 24,282        23,757
000’s)
Portfolio percentage leased at end of period           94.2%         93.9%
Same-Store percentage leased at end of                 94.3%         94.0%
period
Number of properties in operation                      36            33
                                                                              
Office square feet where leases commenced              536,101       734,218
during quarter (rentable)
Average mark-to-market percentage-office               4.3%          31.4%
Average starting cash rent per rentable                $57.06        $69.81
square foot-office
                                                                              
^(1) Includes wholly-owned and joint venture properties.
                                                                              

Contact:

SL Green Realty Corp.
James Mead
Chief Financial Officer
or
Heidi Gillette
Investor Relations
212-594-2700
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