Dec 31, 2021

SL Green Q4 2021 Earnings Report

Reported a net loss attributable to common stockholders of $0.82 per share and FFO of $1.52 per share for the fourth quarter of 2021.

Key Takeaways

SL Green Realty Corp. reported a net loss attributable to common stockholders of $0.82 per share for Q4 2021, compared to net income of $2.48 per share for the same quarter in 2020. FFO was $1.52 per share, compared to $1.56 per share in the prior year. The company signed 52 Manhattan office leases covering 573,806 square feet during the quarter.

Net loss attributable to common stockholders was $0.82 per share for Q4 2021.

FFO was $1.52 per share for Q4 2021, excluding the accounting impact of the Company's reverse stock split in January 2022.

Signed 52 Manhattan office leases covering 573,806 square feet in Q4 2021.

Same-store cash net operating income increased by 2.9% for Q4 2021, excluding lease termination income.

Total Revenue
$135M
Previous year: $165M
-18.2%
EPS
$1.52
Previous year: $1.56
-2.6%
Same-store NOI Growth
2.9%
Gross Profit
$116M
Previous year: $141M
-17.6%
Cash and Equivalents
$251M
Previous year: $266M
-5.5%
Total Assets
$11.1B
Previous year: $11.7B
-5.5%

SL Green

SL Green

SL Green Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income