SL Green Q4 net income $0.13/sh vs loss $2.45; FFO $1.81/sh, dividend raised to $3.09/yr

SL GREEN REALTY CORP

2024-FY EPS reported $0.08 revenue$886,272,000

Q4 net income $0.13/sh vs net loss $2.45/sh in Q4 2023; full year net income $0.08/sh vs loss $9.12/sh.
Q4 FFO $1.81/sh (incl $0.36 debt extinguishment gain) vs $0.72/sh; full year FFO $8.11/sh vs $4.94/sh.
Same-store cash NOI decreased 2.7% in Q4 and 1.2% for full year (ex-lease termination income).
Manhattan office occupancy rose to 92.5% from 90.1%; signed 48 leases totaling 1.79M sq ft, mark-to-market +9%.
Annualized common dividend increased to $3.09/share from $3.00; closed sale of 11% interest in One Vanderbilt for $4.7B.

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