- SL Green Realty Press Release (New York Stock Exchange: SLG): Net operating income for the second quarter $2.05
- Funds from operations, or FFO, of $2.05 per share for the second quarter of 2024, including $48.5 million, or $0.69 per share, of gains on the extinguishment of depreciated debt at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive earnings Non-cash fair value adjustments to derivatives based on their market value.
- Revenue of $222.82 million (-9.4% YoY) Outperforms by $76.99 million.
- The Company is increasing its 2024 earnings guidance range for the year ended December 31, 2024 to FFO per share from $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 the increase in fees, while maintaining its 2024 net income guidance range of $2.73 to $3.03 per share.
