SL Green Earnings Reports

SL Green posted a Q1 net loss of $21.1 million despite signing over 600K square feet in new Manhattan leases. Adjusted FFO came in at $1.40 per share, reflecting stable operations and strategic investments.

SL Green Realty Corp. reported a net income attributable to common stockholders of $0.13 per share for the fourth quarter of 2024. FFO was $1.81 per share for the fourth quarter of 2024.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $0.21 per share for the third quarter of 2024, compared to a net loss of $0.38 per share for the same period in 2023. FFO was $1.13 per share for the third quarter of 2024, which was reduced by $9.0 million, or $0.13 per share, of non-recurring, non-cash fair value adjustments on mark-to-market derivatives.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024. FFO was $2.05 per share, inclusive of gains on discounted debt extinguishments. The company is increasing its 2024 earnings guidance range for FFO per share.

SL Green Realty Corp. reported a net income attributable to common stockholders of $0.20 per share for the first quarter of 2024, compared to a net loss of $0.63 per share for the same period in 2023. FFO was $3.07 per share, inclusive of a gain on discounted debt extinguishment. The company increased its 2024 FFO guidance range to $7.35 to $7.65 per share.

SL Green Realty Corp. reported a net loss of $2.45 per share for Q4 2023, compared to a net loss of $1.01 per share for the same period in 2022. FFO was $0.72 per share for Q4 2023. The company signed 26 Manhattan office leases covering 505,152 square feet. They are increasing their 2024 earnings guidance ranges for FFO per share and net income per share.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $0.38 per share for Q3 2023, compared to a net income of $0.11 per share for the same period in 2022. However, same-store cash net operating income (NOI) increased by 10.4% for the third quarter of 2023.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $5.63 per share for Q2 2023, which included a write-down of the leasehold interest at 625 Madison Avenue. FFO was reported as $1.43 per share. The company signed 43 Manhattan office leases covering 410,749 square feet. A 49.9% joint venture interest in 245 Park Avenue was sold for gross consideration of $2.0 billion.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $39.7 million, or $0.63 per share, for the quarter ended March 31, 2023, compared to a net income of $7.8 million, or $0.11 per share, for the same quarter in 2021. The company's FFO was $1.53 per share, compared to $1.65 per share for the same period in 2022. Same-store cash NOI increased by 5.3%, excluding lease termination income.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $1.01 per share for the fourth quarter of 2022, compared to a net loss of $0.82 per share for the same period in 2021. The company's FFO was $1.46 per share for the fourth quarter of 2022, and same-store cash net operating income increased by 3.3%.

SL Green Realty Corp. reported a net income of $0.11 per share for Q3 2022, a significant decrease compared to $5.91 per share in the same period of 2021. FFO was $1.66 per share, slightly down from $1.78 per share in Q3 2021. The company signed 32 Manhattan office leases and completed strategic investments, including the acquisition of 245 Park Avenue.

SL Green Realty Corp. reported a net loss of $0.70 per share for Q2 2022, compared to a net income of $1.56 per share for the same period in 2021. FFO was $1.87 per share for Q2 2022, compared to $1.60 per share in 2021.

SL Green Realty Corp. reported a net income attributable to common stockholders for the quarter ended March 31, 2022, of $7.8 million, or $0.11 per share, as compared to a net loss of $7.5 million, or $0.12 per share, for the same quarter in 2021. The Company reported FFO for the quarter ended March 31, 2022, of $115.8 million, or $1.65 per share, as compared to FFO for the same period in 2021 of $128.3 million, or $1.73 per share.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $0.82 per share for Q4 2021, compared to net income of $2.48 per share for the same quarter in 2020. FFO was $1.52 per share, compared to $1.56 per share in the prior year. The company signed 52 Manhattan office leases covering 573,806 square feet during the quarter.

SL Green Realty Corp. reported a strong third quarter in 2021, with net income attributable to common stockholders of $5.75 per share, compared to $0.19 per share in the same period of 2020. FFO was $1.78 per share, compared to $1.75 per share for the same period in 2020. 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.

SL Green Realty Corp. reported a net income attributable to common stockholders of $105.3 million, or $1.51 per share, for the quarter ended June 30, 2021. The company's FFO for the quarter was $117.7 million, or $1.60 per share.

SL Green Realty Corp. reported a net loss attributable to common stockholders of $(7.5) million, or $(0.11) per share, for the quarter ended March 31, 2021, compared to net income of $114.8 million, or $1.51 per share, for the same quarter in 2020. FFO for the quarter ended March 31, 2021, was $128.3 million, or $1.73 per share, compared to $172.0 million, or $2.08 per share, for the same period in 2020.

SL Green Realty Corp. reported net income attributable to common stockholders for the quarter ended December 31, 2020 of $171.0 million, or $2.41 per share, as compared to net income of $17.4 million, or $0.22 per share, for the same quarter in 2019. The Company reported FFO for the quarter ended December 31, 2020 of $119.2 million, or $1.56 per share, excluding the accounting impact of the Company's reverse stock split in January 2021, as compared to FFO for the same period of 2019 of $147.6 million, or $1.75 per share.

SL Green Realty Corp. reported a net income attributable to common stockholders of $13.9 million, or $0.19 per share, for the quarter ended September 30, 2020. FFO was $1.75 per share. The company ended the quarter with $1.56 billion in liquidity.

SL Green Realty Corp. reported a decrease in net income attributable to common stockholders for the quarter ended June 30, 2020, with $56.4 million, or $0.74 per share, compared to $161.1 million, or $1.94 per share, for the same quarter in 2019. The company's FFO was $1.70 per share.

SL Green Realty Corp. reported a strong first quarter with net income attributable to common stockholders of $1.47 per share and FFO of $2.08 per share. The results were boosted by the sale of The Olivia and incremental income from Credit Suisse. However, the company is revising its earnings guidance for the year due to the expected impact of the COVID-19 pandemic.

SL Green Realty Corp. reported a net income attributable to common stockholders of $0.22 per share for Q4 2019, compared to a net loss of $0.73 per share for the same quarter in 2018. FFO was $1.75 per share for Q4 2019, compared to $1.61 per share for the same period in 2018. The company signed 59 Manhattan office leases covering 1,283,470 square feet and increased the size of its share repurchase program by $500 million.