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H SL GREEN REALTY CORP . SL Green Realty Corp. Reports Third Quarter 2021 EPS of $ 5.75 per Share ; and FFO of $ 1.78 per Share October 20 , 2021 Financial and Operating Highlights • Net income attributable to common stockholders of $ 5.75 per share for the third quarter of 2021 as compared to $ 0.19 per share for the same period in 2020. Net income attributable to common stockholders for the third quarter of 2021 includes $ 395.3 million , or $ 5.53 per share , of net gains recognized from the sale of real estate interests and non - cash fair value adjustments . • Funds from operations , or FFO , of $ 1.78 per share for the third quarter of 2021 , including $ 11.4 million , or $ 0.16 per share , of lease termination income related to the termination of the WeWork lease at 609 Fifth Avenue , as compared to $ 1.75 per share for the same period in 2020 , which included $ 20.2 million , or $ 0.26 per share , of net proceeds derived from a legal settlement . • The Company is revising its 2021 earnings guidance ranges , resulting in an increase to the midpoint of those ranges , for the year ending December 31 , 2021 to net income per share of $ 7.21 to $ 7.41 and FFO per share of $ 6.45 to $ 6.65 . • Signed 44 Manhattan office leases covering 445,453 square feet in the third quarter and 107 Manhattan office leases covering 1,355,908 square feet for the first nine months of 2021. The mark - to - market on signed Manhattan office leases was 1.8 % lower for the third quarter and 1.7 % lower for the first nine months of 2021 than the previous fully escalated rents on the same spaces . • Same - store cash net operating income , or NOI , including our share of same - store cash NOI from unconsolidated joint ventures , increased by 3.6 % for the third quarter of 2021 and increased by 0.2 % for the first nine months of 2021 as compared to the same period in 2020 , excluding lease termination income . • To date in 2021 , the Company has repurchased or redeemed a combined 4.4 million shares of its common stock and units of its Operating Partnership , or OP units , under the previously announced $ 3.5 billion share repurchase plan , bringing total repurchases and redemptions to 36.9 million shares / units . • Manhattan same - store office occupancy was 93.1 % as of September 30 , 2021 , inclusive of leases signed but not yet commenced . Investing Highlights • Closed on the acquisition of the fee interest in 1591-1597 Broadway for a purchase price of $ 121.0 million . The 7,684 square foot parcel , located on the northwest corner of 48th Street and Broadway , is subject to a ground lease , and sits beneath a portion of the Crowne Plaza Hotel . • Closed on the previously announced sale of its interests in 400 East 57th Street for a gross asset valuation of $ 133.5 million . The transaction generated net cash proceeds to the Company of $ 19.8 million . • Closed on the previously announced sale of a 49 % interest in 220 East 42nd Street for gross consideration of $ 790.1 million . The transaction generated net cash proceeds to the Company of $ 136.1 million . Summary NEW YORK , Oct. 20 , 2021 ( GLOBE NEWSWIRE ) -- SL Green Realty Corp. ( the " Company " ) ( NYSE : SLG ) today reported net income attributable to common stockholders for the quarter ended September 30 , 2021 of $ 388.2 million , or $ 5.75 per share , as compared to net income of $ 13.9 million , or $ 0.19 per share , for the same quarter in 2020. Net income attributable to common stockholders for the third quarter of 2021 includes $ 186.5 million , or $ 2.61 per share , of net gains recognized from the sale of real estate interests and $ 208.8 million , or $ 2.92 per share , of non - cash fair value adjustments . The Company also reported net income attributable to common stockholders for the nine months ended September 30 , 2021 of $ 486.1 million , or $ 7.04 per share , as compared to net income of $ 185.1 million , or $ 2.50 per share , for the same period in 2020. Net income attributable to common stockholders for the nine months ended September 30 , 2021 includes $ 279.9 million , or $ 3.83 per share , of net gains recognized from the sale of real estate interests and $ 209.5 million , or $ 2.87 per share , of non - cash fair value adjustments . Net income for the nine months ended September 30 , 2020 included $ 163.6 million , or $ 2.04 per share , of net gains recognized from the sale of real estate interests .