secwatch.observer — SEC 8-K summary
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Issuer:     SL GREEN REALTY CORP (SLG)
CIK:        0001040971
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001040971-24-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SL Green Q2 FFO $2.05/share, raises FY FFO guidance to $7.45-$7.75
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- Q2 net loss $0.04/share (vs $5.63 loss in Q2 2023); FFO $2.05/share (vs $1.43), including gains on debt extinguishments.
- Raises 2024 FFO guidance midpoint by $0.10 to $7.45-$7.75; net income guidance unchanged $2.73-$3.03.
- Signed 38 Manhattan office leases (420,513 sf) in Q2, mark-to-market +15.5%. Occupancy 89.6%, targeting >91.5% by year-end.
- Contracted $168.2M sale of 760 Madison Ave; closed sales of Palisades ($26.3M), 719 Seventh ($30.5M), 625 Madison ($634.6M).
- Modified $1.075B mortgage on 280 Park Ave (extended to Sep 2026/2028, rate fixed at 5.84%); repaid $62.5M mezzanine loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040971/000104097124000022/0001040971-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040971/000104097124000022/slg-20240717.htm
  HTML page:      https://secwatch.observer/filing/0001040971-24-000022

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