SL Green Q1 2022 Earnings Report
Key Takeaways
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.
Net income attributable to common stockholders of $0.11 per share for Q1 2022, compared to a net loss of $0.12 per share for the same period in 2021.
FFO of $1.65 per share for Q1 2022, compared to $1.73 per share for the same period in 2021.
Signed 37 Manhattan office leases covering 820,989 square feet in Q1 2022.
Same-store cash net operating income increased by 9.3% for Q1 2022, excluding lease termination income.
SL Green
SL Green
Forward Guidance
The Company's target is to increase Manhattan same-store office occupancy, inclusive of leases signed but not yet commenced, to 94.3% by December 31, 2022.