SL Green Q4 net loss $2.45/sh; FFO $0.72; raises 2024 FFO guidance to $5.90-$6.20

SL GREEN REALTY CORP

2023-FY EPS reported -$9.12 revenue$913,710,000

Q4 2023 net loss attributable to common stockholders of $155.6M ($2.45/share) vs net loss of $64.3M ($1.01) in Q4 2022; includes $1.53/share non-recurring charges.
Q4 2023 FFO of $0.72/share; adjusted FFO before non-recurring items of $1.14/share, down from $1.46 in Q4 2022.
Full-year 2023 FFO of $4.94/share; adjusted FFO of $5.09/share beat prior expectations by $0.01, vs $6.64 in 2022.
2024 guidance increased: FFO now $5.90-$6.20 (up $1.00 midpoint) and net income $2.73-$3.03 (up $1.38 midpoint), mainly from gains on discounted debt extinguishment.

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 the year ended December 31, 2023 results: net income Net loss attributable to common stockholders for the year ended December 31, 2023 of $579.5 million, or $9.12 per share, EPS $9.12 per share. Guidance raised.

Period: the year ended December 31, 2023
Net income: Net loss attributable to common stockholders for the year ended December 31, 2023 of $579.5 million, or $9.12 per share
EPS: $9.12 per share
Guidance: raised
Result: reported results

Exact text from the filing

SL GREEN REALTY CORP. REPORTS FOURTH QUARTER 2023 EPS OF ($2.45) PER SHARE; AND FFO OF $0.72 PER SHARE AFTER NON-RECURRING CHARGES INCREASES 2024 EARNINGS GUIDANCE

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SL GREEN REALTY CORP reported the quarter ended December 31, 2023 results: net income Net loss attributable to common stockholders of $2.45 per share, EPS ($2.45) per share. Guidance raised.

Period: the quarter ended December 31, 2023
Net income: Net loss attributable to common stockholders of $2.45 per share
EPS: ($2.45) per share
Guidance: raised
Result: reported results

Exact text from the filing

SL GREEN REALTY CORP. REPORTS FOURTH QUARTER 2023 EPS OF ($2.45) PER SHARE; AND FFO OF $0.72 PER SHARE AFTER NON-RECURRING CHARGES INCREASES 2024 EARNINGS GUIDANCE

View on SEC.gov

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

SL GREEN REALTY CORP filing history →

Source: SEC EDGAR

accession 0001040971-24-000004

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