NYSE$SLG

SL Green Realty Corp. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a net loss attributable to common stockholders and FFO.

SL Green Realty Corp. reported a net loss of $0.70 per share for Q2 2022, compared to a net income of $1.56 per share for the same period in 2021. FFO was $1.87 per share for Q2 2022, compared to $1.60 per share in 2021.

  • Net loss attributable to common stockholders was $0.70 per share for Q2 2022, compared to net income of $1.56 per share for the same period in 2021.
  • FFO was $1.87 per share for Q2 2022, compared to $1.60 per share for the same period in 2021.
  • Signed 39 Manhattan office leases covering 188,822 square feet in Q2 2022.
  • Same-store cash NOI increased by 6.7% for Q2 2022 compared to the same period in 2021, excluding lease termination income.

Headline financials

Total Revenue

$201M

Previous: $218M-7.6%
EPS (adj)

$1.87

Previous: $1.60+16.9%
Capital Expenditures

$0.00

Previous: -$28.7M+100.0%
Free Cash Flow

-$40.1M

Previous: $80.4M-149.9%
Net Income

-$40.1M

Previous: $109M-136.8%
Operating Income

$138M

Previous: $136M+1.9%
Gross Profit

$162M

Previous: $215M-24.7%
Cash & Equivalents

$189M

Previous: $218M-13.3%
Total Assets

$10.7B

Previous: $11.2B-4.1%

Revenue & EPS history

SL Green · Revenue · Quarterly

$201M

Q2 2022-7.6%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

SL Green · $201M total across 4 segments · Q2 2022

  • Rental Revenue
    $136M-16.7%
  • Other Income
    $25.8M+92.7%
  • Investment Income
    $20.4M+1.5%
  • Escalation & Reimbursements
    $18.7M-9.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.5%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.0%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+11.7%

Q2 2011

Best reaction

-12.4%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+5.4%+3.9%
Q4 2025+2.3%-3.2%-15.4%
Q3 2025-6.2%-7.9%-16.0%
Q2 2025-0.4%+0.7%+20.6%
Q1 2025+0.2%+1.3%+12.4%
Q4 2024-2.1%-4.4%-6.6%
Q3 2024+4.8%+7.1%+5.4%
Q2 2024-3.9%-2.1%+0.7%
Q1 2024+0.4%+5.1%+9.7%
Q4 2023+2.8%+4.9%+1.9%
Q3 2023-12.4%-14.6%-5.7%
Q2 2023-1.2%+6.5%-5.2%
Q1 2023+1.6%-1.4%-8.0%
Q4 2022+1.0%+6.6%-3.2%
Q3 2022-3.9%-3.5%+1.8%
Q2 2022-1.6%+0.1%-0.4%
Q1 2022+0.7%+0.4%-19.0%
Q4 2021-5.5%-2.1%+8.4%
Q3 2021+0.1%+0.1%+0.4%
Q2 2021-2.7%-2.7%-8.7%
Q1 2021-0.8%+3.4%+8.9%
Q4 2020+3.1%+0.7%+5.6%
Q3 2020-1.8%-10.1%+25.9%
Q2 2020-0.1%-2.2%-1.6%
Q1 2020+1.9%+5.9%-17.9%
Q4 2019+1.9%+0.3%+1.1%
Q3 2019-1.0%-0.6%+5.2%
Q2 2019+1.9%-1.8%-3.3%
Q1 2019-0.3%-0.3%-0.4%
Q4 2018-2.3%+1.5%+4.5%
Q3 2018-0.1%-0.9%+2.3%
Q2 2018+1.4%-0.6%+5.6%
Q1 2018-0.0%-0.9%-2.9%
Q4 2017-0.7%+1.4%+0.5%
Q3 2017-3.3%-4.0%-1.1%
Q2 2017-2.1%-1.3%-6.6%
Q1 2017-1.6%-1.4%-5.8%
Q4 2016+0.6%-0.3%+2.2%
Q3 2016-0.8%-3.3%-1.8%
Q2 2016+2.0%+4.3%+4.1%
Q1 2016+2.8%
Q4 2015-9.5%
Q3 2015+0.8%
Q2 2015-1.6%
Q1 2015-0.6%
Q4 2014-0.5%
Q3 2014+1.7%
Q2 2014+0.1%
Q1 2014+1.1%
Q4 2013+0.9%
Q3 2013+1.7%
Q2 2013-2.8%
Q1 2013+2.2%
Q4 2012-1.8%
Q3 2012-2.7%
Q2 2012+1.9%
Q1 2012+0.2%
Q4 2011+0.5%
Q3 2011-4.9%
Q2 2011+11.7%
Q1 2010+1.0%
Q1 2011+2.4%
Q4 2010+1.1%
Q4 2008+1.1%
Q3 2009-4.5%
Q3 2010-4.5%
Q4 2009-1.7%
Q2 2010-1.7%
Q2 2009-1.7%

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