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Sl Green Realty Corp. (SLG)
NYSE:SLG
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.45Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: -21.17%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with earnings exceeding expectations, strong performance in debt-related businesses, and successful leasing activities. While some concerns about tariffs and credit market turbulence were mentioned, these did not significantly impact the company's performance or outlook.Company Guidance
During SL Green Realty Corp's first quarter 2025 earnings call, Marc Holliday, the CEO, highlighted the company's strong performance, which surpassed both internal projections and market expectations. Key metrics included a significant outperformance in Net Operating Income (NOI) and positive results in the leasing sector. The company closed nearly $200 million in Debt and Preferred Equity (DPE) investments in the past nine months and is negotiating a pipeline exceeding $1.2 billion in new debt investments. Holliday expressed confidence in reaching the higher end of their guidance range, with the potential for an upward revision next quarter. Additionally, the company achieved 100% occupancy at 500 Park Avenue and noted a robust pipeline of 1.1 million square feet of active leasing opportunities, signaling continued strength in the Manhattan office market. The call also touched on the company's strategic focus on equity portfolio expansion and the success of SUMMIT One Vanderbilt, which set a ticket presale record, underscoring its popularity as a New York City attraction.Earnings Exceeded Expectations
SL Green Realty Corp's earnings for Q1 2025 exceeded both The Street's expectations and the company's internal projections by a significant margin.
Debt Related Business Success
The company highlighted strong profits from their debt-related businesses, with nearly $200 million in DPE investments closed in the past nine months and a pipeline of over $1.2 billion in new debt investments.
SUMMIT One Vanderbilt Success
SUMMIT One Vanderbilt was the number one attended experience of its type in Q1 2025, setting a ticket presale record with over $0.5 million of advanced ticket revenues sold in one day.
Leasing Achievements
SL Green closed on the acquisition of 500 Park, bringing it to 100% occupancy shortly after. They also bought out a partner in 100 Park, acquiring a 50% position in a building now 97% leased.
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SLG 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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SLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $66.36 | $64.97 | -2.09% |
| Oct 16, 2024 | $71.06 | $73.47 | +3.39% |
| Jul 17, 2024 | $59.63 | $58.78 | -1.43% |
| Apr 17, 2024 | $47.34 | $46.24 | -2.32% |
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. (SLG) report earnings?
Sl Green Realty Corp. (SLG) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Sl Green Realty Corp. (SLG) earnings time?
Sl Green Realty Corp. (SLG) earnings time is at Apr 17, 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 SLG EPS forecast?
SLG EPS forecast for the fiscal quarter 2025 (Q1) is -0.45.
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