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SL Green: Q3 Earnings Snapshot

SL Green: Q3 Earnings Snapshot

NEWYORK, N.Y. (AP) — NEWYORK, N.Y. (AP) — SL Green Realty Corp. (SLG) on Wednesday reported a key measure of profitability in its third quarter. The results missed Wall Street expectations.

The real estate investment trust, based in Newyork, New York, said it had funds from operations of $87.7 million, or $1.27 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.28 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.