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Sl Green Realty Corp. (GB:0KZ6)
LSE:0KZ6
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.27Last Year’s EPS
-2.45Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: -14.01%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
The earnings call showcased SL Green's strong leasing momentum, highlighted by a significant lease expansion with Bloomberg and the full leasing of One Vanderbilt. The company is also successfully re-entering the debt and preferred equity market. However, challenges remain with certain assets in the Alternative Strategy Portfolio. Overall, the sentiment is positive due to the strong leasing results and strategic advancements.Company Guidance
During SL Green Realty Corp.'s Q3 2024 earnings call, executives provided guidance reflecting a strong performance and positive outlook for the company. Marc Holliday highlighted several key metrics, including an expected leasing achievement of over 3 million square feet by year-end and a projected occupancy rate of 92.5% in their same-store Manhattan portfolio. The company reported a significant 925,000 square foot renewal and expansion with Bloomberg at 919 Third Avenue, which contributed to their leasing success. Additionally, SL Green has invested nearly $110 million in various debt and debt-like investments, signaling a return to their DPE business. The company is also progressing with their One Vanderbilt joint venture sale, aiming for a closing in Q4, and anticipates net proceeds exceeding $500 million from asset monetizations by year-end. Overall, SL Green's executives expressed confidence in the New York City market's recovery, citing strong tenant demand and leasing momentum across their portfolio.Bloomberg Lease Expansion
SL Green Realty Corp. achieved a 925,000 square foot renewal and expansion with Bloomberg at 919 Third Avenue. Bloomberg not only renewed its existing space but expanded by almost 25%, marking a significant leasing achievement.
One Vanderbilt Success
One Vanderbilt is fully leased with long-term fixed rate debt, affirming its status as a premier office tower. The asset is positioned for a partnership expansion, with expected closure in the fourth quarter.
Return to Debt and Equity Business
SL Green has returned to the debt and preferred equity (DPE) business, investing nearly $110 million in various debt instruments. The company plans to seed a debt fund with an initial closing expected in the fourth quarter.
Leasing Momentum
SL Green achieved 2.8 million square feet of leasing year-to-date, with expectations to exceed 3 million square feet by year-end. The company's Manhattan portfolio is projected to reach 92.5% occupancy.
Armani Residences and Retail Success
The Armani boutique and residences on Madison Avenue are completely sold out, contributing to a revival of luxury retailing on Madison Avenue.
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GB:0KZ6 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0KZ6 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $71.81 | $73.98 | +3.01% |
| Jul 17, 2024 | $60.65 | $58.49 | -3.57% |
| Apr 17, 2024 | $48.53 | $47.51 | -2.11% |
| Jan 24, 2024 | $43.31 | $45.32 | +4.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sl Green Realty Corp. (GB:0KZ6) report earnings?
Sl Green Realty Corp. (GB:0KZ6) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Sl Green Realty Corp. (GB:0KZ6) earnings time?
Sl Green Realty Corp. (GB:0KZ6) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Sl Green Realty Corp. stock?
The P/E ratio of SL Green Realty is N/A.
What is GB:0KZ6 EPS forecast?
GB:0KZ6 EPS forecast for the fiscal quarter 2024 (Q4) is -0.27.
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