SL Green Realty Corp. Files 8-K Report

TL;DR

SLG filed an 8-K with financial docs, nothing major disclosed yet.

AI Summary

On December 9, 2024, SL Green Realty Corp. filed an 8-K report. The filing primarily concerns financial statements and exhibits, along with other events and a Regulation FD disclosure. No specific financial figures or material events beyond the filing itself were detailed in the provided text.

Why It Matters

This filing indicates SL Green Realty Corp. is providing updated financial statements and exhibits to the SEC, which is a standard regulatory requirement for public companies.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report for financial statements and exhibits, not indicating any immediate material adverse events.

Key Players & Entities

• SL Green Realty Corp. (company) — Registrant
• December 9, 2024 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• One Vanderbilt Avenue (address) — Principal executive offices
• New York (location) — City of principal executive offices

FAQ

Key Financial Figures

• $0.01 — SL Green Realty Corp. SLG Common Stock, $0.01 par value New York Stock Exchange SL G
• $1.27 — ber 31, 2025 of net income per share of $1.27 to $1.57, and NAREIT defined Funds From
• $1 — 025 of net income per share of $1.27 to $1.57, and NAREIT defined Funds From Opera
• $5.25 — erations ("FFO") per share (diluted) of $5.25 to $5.55. In addition, the Company is r
• $5.55 — ("FFO") per share (diluted) of $5.25 to $5.55. In addition, the Company is revising i
• $0.20 — 2024 to net (loss) income per share of ($0.20) to $0.10, and $7.65 to $7.95 of FFO pe
• $0 — t (loss) income per share of ($0.20) to $0.10, and $7.65 to $7.95 of FFO per share
• $7.65 — come per share of ($0.20) to $0.10, and $7.65 to $7.95 of FFO per share (diluted).
• $7.95 — share of ($0.20) to $0.10, and $7.65 to $7.95 of FFO per share (diluted). The prese
• $3.09 — the Company's common stock for 2025 of $3.09 per share, an increase of 3.0%. The ord
• $0.2575 — The first monthly ordinary dividend of $0.2575 per share is payable on January 15, 202

Filing Documents

• slg-20241209.htm (8-K) — 54KB
• a24q48-kex991.htm (EX-99.1) — 7KB
• 0001040971-24-000035.txt ( ) — 231KB
• slg-20241209.xsd (EX-101.SCH) — 2KB
• slg-20241209_def.xml (EX-101.DEF) — 17KB
• slg-20241209_lab.xml (EX-101.LAB) — 28KB
• slg-20241209_pre.xml (EX-101.PRE) — 17KB
• slg-20241209_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure Members of senior management of SL Green Realty Corp. (the "Company") will make a presentation during the Company's 2024 Annual Investor Conference on Monday, December 9, 2024 (the "Investor Conference"). At the Investor Conference, the Company will provide its earnings guidance for the year ended December 31, 2025 of net income per share of $1.27 to $1.57, and NAREIT defined Funds From Operations ("FFO") per share (diluted) of $5.25 to $5.55. In addition, the Company is revising its earnings guidance for the year ended December 31, 2024 to net (loss) income per share of ($0.20) to $0.10, and $7.65 to $7.95 of FFO per share (diluted). The presentation will be available online via webcast on our corporate website at www.slgreen.com under the "Investors - Presentations & Webcasts" section. An audio replay and a copy of the presentation will be available on our corporate website following the Investor Conference. The following table reconciles estimated net income per share (diluted) to FFO per share (diluted) for the years ending December 31, 2024 and 2025. Year Ending Year Ending December 31, December 31, 2024 2024 2025 2025 Net (loss) income per share attributable to SL Green stockholders (diluted) $ (0.20) $ 0.10 $ 1.27 $ 1.57 Add: Depreciation and amortization 2.84 2.84 2.04 2.04 Joint ventures depreciation and noncontrolling interests adjustments 4.01 4.01 3.28 3.28 Net loss attributable to noncontrolling interests (0.07) (0.07) (0.08) (0.08) Depreciable real estate reserve 1.32 1.32 — — Less: Gain on sale of real estate and discontinued operations, net 0.06 0.06 0.50 0.50 Equity in net gain on sale of interest in unconsolidated joint venture / real estate 0.60 0.60 0.69 0.69 Purchase price and other fair value adjustments (0.48) (0.48) — — Depreciation on non-real estate assets 0.07 0.07 0.07 0.07 Funds From Operations per share attributable to SL Green common stockholders and noncontrolling interests (di

01. Other Events

Item 8.01. Other Events On December 6, 2024, the Company issued a press release announcing that its board of directors has established an annual ordinary dividend on the Company's common stock for 2025 of $3.09 per share, an increase of 3.0%. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.2575 per share is payable on January 15, 2025, to stockholders of record at the close of business on December 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press release dated December 6, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: December 9, 2024

View Full Filing

View this 8-K filing on SEC EDGAR