SL Green Realty Initiated At Hold

SL Green Realty Corp.

likely to post below-average FFO per share growth through 2013, according to Jefferies & Co. Jefferies has initiated coverage with a Hold rating and $62 price target, stating that: "[We] estimate that SL Green has total growth potential through 2013 related to the lease-up of vacant space (4.9%) and the mark-to-market on expiring leases (4.6%) of just 9.5% of our 2010 FFO per share estimate versus our Office REIT initiation coverage universe average of 9.9%." SL Green Realty Corp. closed yesterday at $66.61.