earnings
confidence high
sentiment positive
materiality 0.80
SL Green raises 2021 guidance, Q3 EPS $5.75 vs $0.19; FFO $1.78/share
SL GREEN REALTY CORP
2021-Q3 EPS reported
$7.04
revenue$649,410,000
- Q3 net income $388.2M ($5.75/sh), vs $13.9M ($0.19/sh) in Q3 2020; includes $395.3M gains and fair value adjustments.
- FFO per share $1.78 vs $1.75; includes $0.16/sh lease termination income from WeWork at 609 Fifth Avenue.
- Revised 2021 guidance: net income per share $7.21–$7.41 (from $0.20–$0.60), FFO per share $6.45–$6.65.
- Same-store cash NOI up 3.6% YoY excluding termination income; occupancy 93.1% with signed not commenced.
- Year-to-date repurchased/redeemed 4.4M shares/units; total 36.9M under $3.5B program.