secwatch.observer — SEC 8-K summary
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Issuer:     SL GREEN REALTY CORP (SLG)
CIK:        0001040971
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001040971-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040971/000104097123000027/0001040971-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040971/000104097123000027/slg-20230719.htm
  HTML page:      https://secwatch.observer/filing/0001040971-23-000027

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