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.