sammy72 thaks for your opinion on the announcement, I didnt see the signifcance of the wording "LPT transaction" untill you pointed it out.
Realestate company SL Greens earnings came in slightly under expectations yesterday, with revenues taking a hit, vacancies were greater in Manhattan suburbs rents in central Manhattan had dropped around 15% from previous year. Their earnings were boisted by some property sales. Pitty RNY cant sell a few properties at close to book to improve its LTV and ICR.
RNY Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held