earnings
confidence high
sentiment positive
materiality 0.70
SL Green Q2 FFO $1.87/share, up from $1.60 YoY; same-store cash NOI +6.7%
SL GREEN REALTY CORP
2022-Q2 EPS reported
-$0.58
revenue$389,409,000
- Net loss attributable to common stockholders $43.9M ($0.70 diluted EPS) vs $105.3M income ($1.56 EPS) in Q2 2021.
- FFO of $128.8M ($1.87/share) included $4.7M fee income from 450 Park and $5.0M from 1591-1597 Broadway resolution.
- Manhattan same-store office occupancy 92.0% as of June 30; signed 39 leases totaling 188,822 sq ft in Q2.
- Acquired 450 Park Avenue for $445M (25.1% interest); closed on $100.5M sale of 609 Fifth Ave condominium.
- Monthly common dividend maintained at $0.3108/share ($3.73 annualized); $370M refinancing of 100 Church Street closed.