Revenues and EBITDA for Q1 stood at $258.6 million and $143.5million, respectively, compared to $262.4 million and $143.4million for Q1 '09. Net income for the quarter totaled $0.19 pershare, compared to net income of $0.57 per share in the same periodthe year prior.
Excluding 100 Church, occupancy for SL Green's Manhattanportfolio stood at 94% as of the end of March. The inclusion of 100Church brings the overall rate down to 91.9%. Occupancy in thesuburban portfolio was 88.1% at the end of the quarter.
The REIT signed or commenced 47 Manhattan offices leasestotaling more than 500,000 square feet during Q1, and a total of 58leases across the Manhattan portfolio. These were highlighted byNew York Life's early renewal for 87,944 square feet at 420Lexington Ave. and new leases with Jones Day at 220 E. 42d St. andJobre & Kim, LLP at 800 Third Ave., for 44,034 square feet and40,020 square feet, respectively.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
