secwatch.observer — SEC 8-K summary
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Issuer:     SL GREEN REALTY CORP (SLG)
CIK:        0001040971
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001040971-23-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040971/000104097123000034/0001040971-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040971/000104097123000034/slg-20231018.htm
  HTML page:      https://secwatch.observer/filing/0001040971-23-000034

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