SL Green Realty

SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt & Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt & Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SL Green Realty reports robust Q4 performance and eyes market opportunities

SL Green Realty's Q4 2022 performance showcased strong leasing activity, asset monetization, and strategic positioning amidst market challenges and opportunities.
The company's focus on transformative developments, robust leasing pipeline, and readiness to capitalize on distressed opportunities highlight its resilience and growth potential.
Management's proactive approach to addressing challenges, leveraging strengths, and pursuing growth opportunities positions SL Green Realty for continued success in 2023 and beyond.
Overall, SL Green Realty's earnings call highlighted a strategic roadmap for maximizing shareholder value, navigating market dynamics, and driving sustainable growth.

SL Green Realty surpasses Q1 expectations amidst market skepticism

SL Green Realty's Q1 performance exceeded expectations with strong leasing activity and NOI growth. Despite challenges in investor recognition and market sentiment, the company remains confident in its strategic plans. Opportunities lie in NYC office sector recovery and tech sector growth.

SL Green Realty excels in Q2, eyes market opportunities

SL Green Realty's Q2 2023 performance reflects resilience and progress amidst market challenges. Management's confidence in leasing prospects, business plan, and ability to create value for shareholders is evident. The company's strategic focus on asset dispositions, debt repayment, and maintaining high occupancy levels positions it well for future growth.

SL Green Realty Corp. reports strong Q3 performance amidst occupancy challenges

SL Green Realty Corp. demonstrated resilience and strategic focus in Q3 2023, leveraging achievements in construction, acquisitions, and occupancy improvements.
While facing challenges in occupancy pickup and lease closures, the company remains committed to debt reduction, dividend maintenance, and exploring growth opportunities.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, SL Green Realty Corp. aims to navigate market dynamics and drive sustainable growth in the real estate sector.

SL Green Realty excels in Q4 with NYC deals and debt reduction progress

SL Green Realty's Q4 performance reflects success in retail and office sectors, with progress in debt reduction and fundraising for NYC's recovery. Challenges include debt refinancing and ground lease payments for 2 Herald Square, but opportunities lie in value creation and market exploration.

SL Green Realty reports robust Q1 performance and strategic growth plans

SL Green Realty's Q1 performance reflects strong leasing activity and strategic initiatives to drive growth, despite facing challenges related to debt refinancing and lease management.
The company's strengths lie in its proactive real estate investments, financial stability, and positive outlook, with opportunities to capitalize on market dynamics and drive revenue growth.
Overall, SL Green Realty's performance, strengths, and opportunities outweigh the challenges, positioning the company for continued success and positive future performance.

SL Green Realty Corp excels in Q2 2024, eyes growth opportunities

SL Green Realty Corp's Q2 2024 earnings call reflected a successful quarter with strong performance across various sectors in NYC. The company is well-positioned to capitalize on the city's growth, with a focus on achieving ambitious goals for the year.

SL Green Realty excels in Q3 with strategic investments and leasing momentum

SL Green Realty's Q3 performance reflects a resilient real estate market in New York City, marked by key tenant signings and successful property developments. While challenges exist in evolving market dynamics, the company's strategic investments and optimistic outlook position it well to seize opportunities for growth and expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SL Green Realty Corp. is a real estate investment trust, which engages in the acquisition, development, ownership, management, and operation of commercial real estate properties and principally office properties. It operates through the Real Estate, and Debt and Preferred Equity Investments segments. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

AbbVie

Amgen

Alexandria Real Estate Equities

Blackrock Inc

Bristol-Myers

Boston Properties

Cisco Systems

Douglas Emmett

Home Depot

iShares Core High Dividend ETF

Highwoods Properties

Coca-Cola

Lockheed Martin

Medical Properties Trust

PepsiCo

Rexford Industrial Realty

Schwab US Dividend Equity ETF

iShares 0-3 Month Treasury Bond ETF

SPDR S&P 500 ETF Trust

Texas Instruments

Vornado Realty Trust

Verizon

As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times.

Raise Cash And Sell Trash

SLG has reach my estimated intrinsic value of between $70-$80 a share. Having returned to a normal valuation, the company needs a concrete plan to reverse years-long revenue and FFO declines. I can see a path to increasing revenue and FFO substantially as the Manhattan office market recovers from the pandemic.

SL Green: Upside Now Relies On Sustained Execution (Rating Downgrade)

REX AI Equity Premium Income ETF

CTO Realty Growth

Enbridge

Kinder Morgan

Altria

Realty Income Corp

Neos Nasdaq-100 High Income ETF

The Dividend Harvesting Portfolio rebounded sharply, achieving a 23.32% ROI and generating $1,726.55 in forward dividend income, benefiting from anticipated rate cuts. Added to positions in Ford, British American Tobacco, and CTO Realty Growth, focusing on high-yield stocks and potential dividend increases. Portfolio diversification remains key, with no position exceeding 5% and sectors under 20%, aiming for consistent income and risk mitigation.

Dividend Harvesting Portfolio Week 185: $18,500 Allocated, $1,726.55 In Projected Dividends

NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, which is the equivalent of an annualized dividend of $3.00 per share. The dividend is payable in cash on October 15, 2024 to shareholders of record at the close of business on September 30, 2024.

SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends

Here are two monthly dividend stocks to watch in the stock market right now.

2 Monthly Dividend Stocks To Watch In September 2024

SLG's top-quality diverse portfolio in key markets and strategic investments are key upsides. However, elevated supply and high interest rates are concerns.

SL Green Realty Stock Up 38.5% in 6 Months: Will It Continue to Rise?

Insmed

TG Therapeutics

Viking Therapeutics

Aspen Aerogels

AST SpaceMobile

Cava Group, Inc.

Cinemark Holdings

On Holding AG

Sweetgreen

Western Alliance Bancorporation

XPO Logistics

Subscribers to  Chart of the Week  received this commentary on Sunday, September 8.

These 12 Stocks are Ripe for a Short Squeeze

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the third quarter of 2024 on Wednesday, October 16, 2024 after market close.

SL Green Realty Corp. to Release Third Quarter 2024 Financial Results After Market Close on October 16, 2024

SLG is likely to benefit from healthy demand for premier office properties and a solid tenant base despite an elevated supply of office spaces and high interest rates.

Is it Wise to Retain SL Green Stock in Your Portfolio Now?

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest office landlord, today announced that Matt DiLiberto, Chief Financial Officer, Harrison Sitomer, Chief Investment Officer and Steven Durels, Executive Vice President and Director of Leasing and Real Property, of SL Green, will participate in a roundtable discussion at the BofA Securities 2024 Global Real Estate Conference on Wednesday, September 11, 2024 at 1:30 PM ET. The roundtable discussion will be webcast.

SL Green Realty Corp. to Present at the BofA Securities 2024 Global Real Estate Conference on September 11, 2024

Healthy demand for premier office properties and a solid tenant base are likely to aid SL Green (SLG). However, an elevated supply of office spaces and high interest rates remain concerns.

SL Green (SLG) Stock Rises 41% Year to Date: Here's How

Many REIT preferred shares remain heavily discounted. 8% yield and 20% upside potential is hard to pass by. Here are two of my favorite picks.

8% Yielding REIT Preferred Shares

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Medical Properties (MPW) and SL Green (SLG). But which of these two stocks presents investors with the better value opportunity right now?

MPW vs. SLG: Which Stock Is the Better Value Option?

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that, together with its joint venture partner, it has closed on a modification and extension of the mortgage on 220 East 42nd Street.

SL Green Extends Mortgage on 220 East 42nd Street

SL Green's office business is booming while the rest of the industry struggles. Second quarter accomplishments include leasing over 66,000 retail square feet and announcing sales totaling $691 million. Management slightly raised cash flow guidance and plans to expand internationally.

Boom Times At SL Green

SL Green (SLG) announces the securing of retail leases at One Madison Avenue and the sale of three properties. It is also under contact to sell exclusive Giorgio Armani Residences.

SL Green (SLG) Secures Retail Leases, Reveals Property Sales

AGNC Investment

Simplify MBS ETF

Annaly Capital

This week I want to take a comprehensive look at the current market landscape and some exciting investment opportunities, particularly in real estate and banking sectors.

Four Stocks Set to Soar After the Latest Inflation Numbers

SL Green Realty Corp. (NYSE:SLG ) Q2 2024 Results Conference Call July 18, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Financial Officer Steve Durels - EVP, Director of Leasing and Real Property Conference Call Participants John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Michael Lewis - Tourist Securities Nick Yulico - Scotia Bank Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Blaine Heck - Wells Fargo Anthony Paolone - JPMorgan Michael Griffin - Citi Ronald Kamdem - Morgan Stanley Operator Thank you everybody for joining us. And welcome to SL Green Realty Corp.'s Second Quarter 2024 Earnings Results Conference Call.

SL Green Realty Corp. (SLG) Q2 2024 Earnings Call Transcript

SL Green's (SLG) Q2 FFO outshines estimates. Results reflect decent leasing activity in its Manhattan portfolio and lower interest expenses.

SL Green's (SLG) Q2 FFO Beats Estimates, '24 FFO View Raised

Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

SL Green (SLG) Reports Q2 Earnings: What Key Metrics Have to Say

SL Green (SLG) came out with quarterly funds from operations (FFO) of $2.05 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to FFO of $1.43 per share a year ago.

SL Green (SLG) Tops Q2 FFO and Revenue Estimates

Financial and Operating Highlights Net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024 as compared to net loss of $5.63 per share for the same period in 2023 . F unds from operations, or FFO, of $2.05 per share for the second quarter of 2024, inclusive of $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive non-cash fair value adjustments on mark-to-market derivatives.

SL Green Realty Corp. Reports Second Quarter 2024 EPS of ($0.04) Per Share; and FFO of $2.05 Per Share

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has closed on the sale of three properties totaling $691.4 million, including 625 Madison Avenue, 719 Seventh Avenue and the Palisades Premier Conference Center, which generated net proceeds to the Company of $222.7 million that was used for corporate debt repayment.

SL Green Announces Sale Closings Totaling $691 Million

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed retail leases totaling 66,014 square feet since the end of the first quarter of 2024 and has reached full retail occupancy at One Madison Avenue. “One Madison Avenue epitomizes what a new office development should be to appeal to a new age workforce.

SL Green Signs Retail Leases Totaling More Than 66,000 Square Feet

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it signed leases totaling 420,513 square feet during the second quarter of 2024 and leases totaling an additional 367,401 square feet in July to date. This increases the total office leases signed year-to-date to 1,421,574 square feet, while maintaining a pipeline of approximately 1.2 million square feet.

News for SL Green Realty Stock (SLG)