SL Green Q2 net loss $5.63/share, FFO $1.43; $305.9M impairment at 625 Madison

SL GREEN REALTY CORP

2023-Q2 EPS reported -$6.25 revenue$444,645,000

Net loss $360.2M ($5.63/share) vs loss $43.9M ($0.70) year ago; includes $305.9M write-down on 625 Madison leasehold.
FFO per share $1.43, down from $1.87; same-store cash NOI up 3.6% excluding lease termination income.
Closed $2.0B sale of 49.9% JV interest in 245 Park Ave, net cash $174.2M; retained 50.1% stake.
Manhattan office occupancy 89.8% inclusive of signed leases; signed 43 leases totaling 410,749 sq ft.
Dividend maintained at $0.2708/month ($3.25 annualized); refinanced 919 Third Ave with $500M loan at 6.11% fixed.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SL GREEN REALTY CORP reported quarter ended June 30, 2023 results: net income net loss attributable to common stockholders of $360.2 million, EPS $5.63 per share.

Period: quarter ended June 30, 2023
Net income: net loss attributable to common stockholders of $360.2 million
EPS: $5.63 per share
Result: reported results

Exact text from the filing

SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported net loss attributable to common stockholders for the quarter ended June 30, 2023 of $360.2 million, or $5.63 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SL GREEN REALTY CORP reported six months ended June 30, 2023 results: net income net loss attributable to common stockholders for the six months ended June 30, 2023 of $399.9 million, EPS $6.25 per share.

Period: six months ended June 30, 2023
Net income: net loss attributable to common stockholders for the six months ended June 30, 2023 of $399.9 million
EPS: $6.25 per share
Result: reported results

Exact text from the filing

The Company also reported a net loss attributable to common stockholders for the six months ended June 30, 2023 of $399.9 million, or $6.25 per share

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

SL GREEN REALTY CORP filing history →

Source: SEC EDGAR

accession 0001040971-23-000027

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