SL GREEN REALTY CORP. (NYSE:SLG) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure
Members of senior management of the Company will make a
presentation during the Companys 2016 Annual Investor Conference
on Monday, December5, 2016 (the Investor Conference). At the
Investor Conference, the Company will provide its earnings
guidance for the year ending December31, 2017 of net income per
share of $1.71 to $1.81, and FFO per share of $6.40 to $6.50. In
addition, the Company will affirm its previously announced
earnings guidance for the year ending December31, 2016 of FFO per
share of $8.17 to $8.25. The presentation will be available
online via webcast on our corporate website at www.slgreen.com
under the Investors Presentations Webcasts section. An audio
replay and a copy of the presentation will be available on our
corporate website following the Investor Conference.
The following table reconciles estimated earnings per share
(diluted) to FFO per share (diluted) for the years ending
December31, 2016 and 2017.
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YearEnding December31, |
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YearEnding December31, |
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Net income per share attributable to SL Green stockholders |
$ |
2.47 |
$ |
2.55 |
$ |
1.71 |
$ |
1.81 |
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Add: |
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Depreciation and amortization |
7.60 |
7.60 |
3.54 |
3.54 |
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Joint ventures depreciation and noncontrolling interests |
0.49 |
0.49 |
1.07 |
1.07 |
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Net income attributable to noncontrolling interests |
0.20 |
0.20 |
0.10 |
0.10 |
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Less: |
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Gain on sale of real estate |
2.25 |
2.25 |
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Equity in net gain on sale of interest in unconsolidated |
0.42 |
0.42 |
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Depreciable real estate reserve |
(0.10 |
) |
(0.10 |
) |
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Depreciation on non-real estate assets |
0.02 |
0.02 |
0.02 |
0.02 |
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Funds From Operations per share attributable to SL Green |
$ |
8.17 |
$ |
8.25 |
$ |
6.40 |
$ |
6.50 |
The information being furnished to this Item 7.01 shall not be
deemed to be filed for the purposes of Section18 of the Exchange
Act or otherwise subject to the liabilities of that section, or
incorporated by reference in any filing under the Securities Act
or the Exchange Act, regardless of any general incorporation
language in such filing. This information will not be deemed an
admission as to the materiality of such information that is
required to be disclosed solely by Regulation FD.
About SL GREEN REALTY CORP. (NYSE:SLG)
SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. It operates through two segments: real estate, and debt and preferred equity investments. It owns or holds interests in approximately 30 consolidated and over five unconsolidated commercial office buildings encompassing approximately 21.0 million rentable square feet and approximately 3.0 million rentable square feet, for a total of over 24.0 million rentable square feet, located primarily in midtown Manhattan. It invests in well-collateralized debt and preferred equity investments. It manages an office building owned by a third-party encompassing over 336,000 square feet and holds debt and preferred equity investments. SL GREEN REALTY CORP. (NYSE:SLG) Recent Trading Information
SL GREEN REALTY CORP. (NYSE:SLG) closed its last trading session 00.00 at 107.42 with 958,217 shares trading hands.
