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Dec 31, 2023
SL Green Q4 2023 Earnings Report
Reported a net loss and FFO, signed Manhattan office leases, and increased 2024 earnings guidance.
Key Takeaways
SL Green Realty Corp. reported a net loss of $2.45 per share for Q4 2023, compared to a net loss of $1.01 per share for the same period in 2022. FFO was $0.72 per share for Q4 2023. The company signed 26 Manhattan office leases covering 505,152 square feet. They are increasing their 2024 earnings guidance ranges for FFO per share and net income per share.
Net loss attributable to common stockholders was $2.45 per share for Q4 2023.
FFO was $0.72 per share for Q4 2023, or $1.14 per share before non-recurring charges.
Signed 26 Manhattan office leases covering 505,152 square feet in Q4 2023.
Increased 2024 earnings guidance ranges for FFO per share to $5.90 to $6.20 and net income per share to $2.73 to $3.03.
SL Green
SL Green
SL Green Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comSUMMIT Operator Rev. Revenue
CapyFin.comInvestment Income Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
The Company is increasing its earnings guidance ranges for the year ending December 31, 2024.
Positive Outlook
- FFO per share of $5.90 to $6.20
- Increase of $1.00 per share at the midpoint
- Net income per share of $2.73 to $3.03
- Increase of $1.38 per share at the midpoint
- Reflect incremental gains on discounted debt extinguishment
Revenue & Expenses
Visualization of income flow from segment revenue to net income