earnings
confidence high
sentiment negative
materiality 0.80
SL Green Q1 net loss $0.30/share; FFO $1.40 vs $3.07 prior year
SL GREEN REALTY CORP
2025-Q1 EPS reported
-$0.30
revenue$239,846,000
- Net loss attributable to common stockholders of $21.1M ($0.30/share) vs net income of $13.1M ($0.20) in Q1 2024.
- FFO of $106.5M ($1.40/share) down from $215.4M ($3.07) in Q1 2024; prior year included $141.7M gain on debt extinguishment.
- Same-store cash NOI (incl. JV share) up 2.4% YoY excluding lease termination income.
- Manhattan same-store office occupancy 91.8% (incl. signed leases); guidance for 93.2% by Dec 2025.
- Signed 45 Manhattan office leases totaling 602,105 sq ft; replacement lease mark-to-market -3.1%.