- SL Green Realty press release (NYSE:SLG): Q2 FFO of $2.05
- Funds 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.
- Revenue of $222.82M (-9.4% Y/Y) beats by $76.99M.
- The Company is increasing its 2024 earnings guidance range for the year ending December 31, 2024, to FFO per share of $7.45 to $7.75, an increase of $0.10 per share at the midpoint, to reflect the outperformance of the real estate portfolio and SUMMIT One Vanderbilt as well as incremental fee generation, while maintaining its 2024 net income guidance range of $2.73 to $3.03 per share.