SL Green Q3 net loss $0.38/share; FFO $1.27; cuts FY2023 FFO guidance to $5.05-$5.35

SL GREEN REALTY CORP

2023-Q3 EPS reported -$6.63 revenue$617,865,000

Net loss attributable to common stockholders $24.0M ($0.38/share) vs income $7.4M ($0.11) in Q3 2022.
FFO per share $1.27, down from $1.66 YoY; 9-month FFO $4.23 vs $5.18.
Same-store cash NOI up 10.4% YoY excl. lease termination income; office occupancy 89.9%.
Revises FY2023 FFO guidance to $5.05-$5.35 from $5.30-$5.60 reflecting severance and stock comp for President non-renewal.
One Madison Avenue completed TCO, received $577.4M final equity payment from JV partners; total debt reductions of $1.0B in 2023.

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 September 30, 2023 results: net income net loss attributable to common stockholders for the quarter ended September 30, 2023 of $24.0 million, or $0.38 per sha, EPS ($0.38) per share. Guidance reaffirmed.

Period: quarter ended September 30, 2023
Net income: net loss attributable to common stockholders for the quarter ended September 30, 2023 of $24.0 million, or $0.38 per sha
EPS: ($0.38) per share
Guidance: reaffirmed
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 September 30, 2023 of $24.0 million, or $0.38 per share, as compared to net income of $7.4 million, or $0.11 per share, for the same quarter in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SL GREEN REALTY CORP reported year ending December 31, 2023 results: net income net loss per share of ($7.69) to ($7.39), EPS FFO per share of $5.05 to $5.35. Guidance lowered.

Period: year ending December 31, 2023
Net income: net loss per share of ($7.69) to ($7.39)
EPS: FFO per share of $5.05 to $5.35
Guidance: lowered
Result: guidance update

Exact text from the filing

The Company is revising its 2023 earnings guidance ranges for the year ending December 31, 2023 to FFO per share of $5.05 to $5.35, and net loss per share of ($7.69) to ($7.39)

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SL GREEN REALTY CORP filing history →

Source: SEC EDGAR

accession 0001040971-23-000034

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