Jun 30, 2020

SL Green Q2 2020 Earnings Report

Reported EPS of $0.74 and FFO of $1.70.

Key Takeaways

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.

Net income attributable to common stockholders was $0.74 per share.

Funds from operations (FFO) was $1.70 per share.

Completed the “$1.0 Billion Plan” to generate incremental cash.

Same-store cash net operating income increased 2.1%.

Total Revenue
$174M
Previous year: $216M
-19.6%
EPS
$1.7
Previous year: $1.82
-6.6%
Manhattan Occupancy
95.2%
Gross Profit
$163M
Previous year: $200M
-18.2%
Cash and Equivalents
$1.02B
Previous year: $149M
+581.5%
Total Assets
$13.1B
Previous year: $13.6B
-4.1%

SL Green

SL Green

SL Green Revenue by Segment

Forward Guidance

This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995

Revenue & Expenses

Visualization of income flow from segment revenue to net income