Dec 31, 2022

SL Green Q4 2022 Earnings Report

Reported a net loss and FFO per share, signed Manhattan office leases, and witnessed an increase in same-store cash net operating income.

Key Takeaways

SL Green Realty Corp. reported a net loss attributable to common stockholders of $1.01 per share for the fourth quarter of 2022, compared to a net loss of $0.82 per share for the same period in 2021. The company's FFO was $1.46 per share for the fourth quarter of 2022, and same-store cash net operating income increased by 3.3%.

Net loss attributable to common stockholders was $1.01 per share for Q4 2022, compared to a net loss of $0.82 per share for the same period in 2021.

FFO was $1.46 per share for Q4 2022, compared to $1.52 per share for the same period in 2021.

Signed 33 Manhattan office leases covering 196,421 square feet in Q4 2022.

Same-store cash net operating income increased by 3.3% for Q4 2022.

Total Revenue
$173M
Previous year: $135M
+27.9%
EPS
$1.46
Previous year: $1.52
-3.9%
Gross Profit
$130M
Previous year: $116M
+11.8%
Cash and Equivalents
$203M
Previous year: $251M
-19.1%
Total Assets
$12.4B
Previous year: $11.1B
+11.6%

SL Green

SL Green

Forward Guidance

No specific forward guidance was provided in the press release.