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Sl Green Realty Corp. (SLG)
NYSE:SLG
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.44Last Year’s EPS
0.2Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: -5.88%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
The earnings call conveyed a positive outlook for SL Green Realty Corp., highlighting strong leasing activity, successful fund closings, and positive market dynamics in New York City. However, some concerns were raised regarding financial occupancy and CapEx commitments. Overall, the positive aspects and achievements appeared to outweigh the challenges mentioned.Company Guidance
During the SL Green Realty Corp. Q4 2024 earnings call, CEO Marc Holliday highlighted the company's robust performance and optimistic outlook for 2025. The company achieved 188 leasing deals totaling 3.6 million square feet, marking its third-highest leasing year. SLG ended the year with a 92.5% occupancy rate and projects over 93% leased occupancy in the coming year. The company closed an opportunistic debt fund in December, expecting it to exceed $1 billion in the first half of 2025. Notably, SLG announced significant expansions with IBM and Ares, reflecting strong tenant demand. Holliday emphasized the tightening market for trophy buildings in New York City, with a vacancy rate of 6.7%, down 200 basis points from Q3 2025. He also highlighted the city's economic strength, with 38,000 new office-using jobs projected for 2025, contributing to strong office space demand. The call underscored SLG's strategic focus on development and hospitality expansion, including a new Summit location in Paris and culinary collaborations.Strong Leasing Performance
Achieved 188 leasing deals totaling 3.6 million square feet, marking the third highest leasing year ever for the company.
Occupancy and Leasing Pipeline
Ended the year at 92.5% occupancy with projections to exceed 93% leased occupancy in the coming year. Maintained a strong leasing pipeline with 900,000 square feet, despite having recently leased 250,000 square feet.
Successful Debt Fund Closing
Closed an opportunistic debt fund rapidly and expect to round it out to over $1 billion in the first half of the year.
Significant Tenant Expansions
IBM expanded by 33% to 93,000 square feet at One Madison, and Ares increased their space by over 10% at 245 Park.
Positive Market Dynamics
New York City's economic success with job creation and rising on-site attendance is expected to drive strong demand for office space throughout 2025.
Record-Breaking Year for Summit One Vanderbilt
Summit One Vanderbilt had over 2.25 million visitors during the year, contributing significant profits.
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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 | $67.19 | $65.78 | -2.10% |
| Oct 16, 2024 | $71.95 | $74.38 | +3.38% |
| Jul 17, 2024 | $60.37 | $59.51 | -1.42% |
| Apr 17, 2024 | $47.93 | $46.82 | -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 Jan 22, 2025, TBA Not Confirmed.
What is Sl Green Realty Corp. (SLG) earnings time?
Sl Green Realty Corp. (SLG) 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 SLG EPS forecast?
SLG EPS forecast for the fiscal quarter 2025 (Q1) is -0.44.
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