NEW YORK CITY-SL Green shareholders will likely rejoice Thursday afternoon, when the office REIT plans to announce it will increase its dividend by more than 50%. The news came as a result of the company having a stellar third quarter, when funds from operations, or FFO, came in at $127.4 million, or $1.34 per diluted share. By comparison, in the same quarter last year, FFO was $104.8 million, or $1.12 per diluted share.

Also completed in the third quarter were 52 Manhattan office leases totaling 441,338 square feet and 28 suburban leases totaling 142,384 square feet. SL Green also increased Manhattan same-store occupancy—inclusive of leases signed but not yet commenced—in the quarter to 95.8%. Combined same-store cash NOI increased 1.6 percent for the third quarter and combined same-store cash NOI increased 2.8 percent for the first nine months of 2013.

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