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Sep 30, 2022
SL Green Q3 2022 Earnings Report
Reported mixed results with a decrease in net income but strategic investments and leasing activity during the quarter.
Key Takeaways
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.
Net income attributable to common stockholders was $0.11 per share, down from $5.91 per share year-over-year.
Funds from operations (FFO) amounted to $1.66 per share, compared to $1.78 per share in the same quarter last year.
Signed 32 Manhattan office leases covering 930,232 square feet.
Manhattan same-store office occupancy increased to 92.1% as of September 30, 2022.
Forward Guidance
No explicit forward guidance provided in the current report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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