SL Green Realty Corp. Files 8-K on Financials

TL;DR

SL Green Realty Corp. dropped an 8-K on Oct 16th detailing financial condition and operations.

AI Summary

On October 16, 2024, SL Green Realty Corp. filed an 8-K report to disclose information regarding its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company is incorporated in Maryland and headquartered at One Vanderbilt Avenue, New York, NY.

Why It Matters

This 8-K filing provides crucial updates on SL Green Realty Corp.'s financial performance and operational status, which is important for investors to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This filing is a standard 8-K report providing routine financial and operational disclosures, not indicating any immediate or significant risks.

Key Players & Entities

• SL Green Realty Corp. (company) — Registrant
• October 16, 2024 (date) — Earliest event reported
• Maryland (jurisdiction) — State of incorporation
• One Vanderbilt Avenue, New York, NY (location) — Business and mailing address

FAQ

Key Financial Figures

• $0.01 — SL Green Realty Corp. SLG Common Stock, $0.01 par value New York Stock Exchange SL G

Filing Documents

• slg-20241016.htm (8-K) — 39KB
• a24q3earningsrelease.htm (EX-99.1) — 306KB
• a24q3supplemental.htm (EX-99.2) — 4717KB
• chart-8d0f8c846db04f0fa18a.jpg (GRAPHIC) — 84KB
• chart-fd5ab90a9386486aa6ea.jpg (GRAPHIC) — 93KB
• q32024suppcovera.jpg (GRAPHIC) — 248KB
• slglogoa.jpg (GRAPHIC) — 37KB
• 0001040971-24-000028.txt ( ) — 6094KB
• slg-20241016.xsd (EX-101.SCH) — 2KB
• slg-20241016_def.xml (EX-101.DEF) — 17KB
• slg-20241016_lab.xml (EX-101.LAB) — 28KB
• slg-20241016_pre.xml (EX-101.PRE) — 17KB
• slg-20241016_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition Following the issuance of a press release on October 16, 2024 announcing SL Green Realty Corp.'s, or the Company, results for the quarter ended September 30, 2024, the Company has made available on its website supplemental information regarding the Company's operations that is too voluminous for a press release. The Company is attaching the press release as Exhibit 99.1 and the supplemental package as Exhibit 99.2 to this Current Report on Form 8-K. The information (including Exhibits 99.1 and 99.2) being furnished pursuant to this "Item 2.02. Results of Operations and Financial Condition" shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Act, or the Exchange Act regardless of any general incorporation language in such filing.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure As discussed in Item 2.02 above, on October 16, 2024, the Company issued a press release announcing its results for the quarter ended September 30, 2024. The information being furnished pursuant to this "Item 7.01. Regulation FD Disclosure" shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing. This information will not be deemed an admission as to the materiality of such information that is required to be disclosed solely by Regulation FD.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press release regarding results for the quarter ended September 30, 2024. 99.2 Supplemental package. Non-GAAP Supplemental Financial Measures Funds from Operations (FFO) FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended in December 2018, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures. The Company presents FFO because it considers it an important supplemental measure of the Company's operating performance and believes that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, particularly those that own and operate commercial office properties. The Company also uses FFO as one of several criteria to determine performance-based compensation for members of its senior management. FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions, and real estate related impairment charges, it provi

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SL GREEN REALTY CORP. /s/ Matthew J. DiLiberto Matthew J. DiLiberto Chief Financial Officer Date: October 17, 2024

View Full Filing

View this 8-K filing on SEC EDGAR