earnings
confidence high
sentiment neutral
materiality 0.75
SL Green Q4 2021 FFO $1.52, net loss $0.82; same-store cash NOI up 2.9%
SL GREEN REALTY CORP
2021-FY EPS reported
$6.50
revenue$843,991,000
- Q4 net loss $0.82 per share (incl. $0.61 sale losses and fair value adj); FFO $1.52, down from $1.56 in Q4 2020.
- Same-store cash NOI (incl. JV share) up 2.9% YoY; Manhattan office occupancy 93.0% as of Dec 31, 2021.
- Signed 52 Manhattan office leases for 573,806 sq ft in Q4; mark-to-market on replacement leases was -3.9%.
- Dividend raised 2.5% to annualized $3.73 per share; paid special stock dividend and completed 1.0306:1 reverse stock split.
- Closed sale of 110 E 42nd St for $117.1M; agreed to sell 707 Eleventh Ave for $95M, expected Q1 2022.