earnings
confidence high
sentiment positive
materiality 0.85
SL Green Q3 EPS $0.34, FFO $1.58; signs $730M Park Avenue Tower deal
SL GREEN REALTY CORP
2025-Q3 EPS reported
-$0.12
revenue$726,579,000
- Q3 EPS $0.34 vs loss $0.21 per share; FFO $1.58 vs $1.13 per share, including $0.17 transaction costs.
- Manhattan same-store office occupancy 92.4% (incl. signed but not commenced); targets 93.2% by Dec 31, 2025.
- Entered contract to buy Park Avenue Tower for $730M (close Q1 2026); sold 5% stake in One Vanderbilt for $4.7B valuation.
- Refinanced 11 Madison Ave with $1.4B fixed-rate loan at 5.625%; recorded $57.2M gain on debt extinguishment.
- Special servicing active assignments rose $1.6B to $7.7B; designated for additional $9.9B.