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Sep 30, 2023
SL Green Q3 2023 Earnings Report
Reported a net loss due to sale of real estate interests and non-cash fair value adjustments, but same-store cash NOI increased.
Key Takeaways
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.
Net loss attributable to common stockholders was $0.38 per share for Q3 2023, compared to net income of $0.11 per share for the same period in 2022.
FFO was $1.27 per share for Q3 2023, compared to $1.66 per share for the same period in 2022.
Signed 50 Manhattan office leases covering 355,831 square feet in Q3 2023.
Same-store cash NOI increased by 10.4% for Q3 2023 compared to the same period in 2022, excluding lease termination income.
Forward Guidance
The Company is revising its 2023 earnings guidance ranges for the year ending December 31, 2023 to FFO per share of $5.05 to $5.35, and net loss per share of ($7.69) to ($7.39).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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