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Last $114.86 USD
Change Today -0.28 / -0.24%
Volume 3.0K
SLG On Other Exchanges
Symbol
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As of 9:30 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

sl green realty corp (SLG) Key Developments

SL Green Realty Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises FFO Guidance for the Year 2015

SL Green Realty Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $409,074,000 against $380,632,000 a year ago. Loss from continuing operations was $29,179,000 against income from continuing operations was $129,952,000 a year ago. Net loss attributable to common stockholders was $39,106,000 or $0.39 per diluted share against net income attributable to common stockholders of $235,541,000 or $2.46 per diluted share a year ago. Funds from operations, or FFO, for the quarter ended June 30, 2015 of $171.7 million, or $1.65 per share, before transaction related costs of $3.1 million, or $0.03 per share, as compared to FFO for the same period in 2014 of $162.6 million, or $1.64 per share, before transaction related costs of $1.7 million, or $0.02 per share. Funds From Operations attributable to SL Green common stockholders and non-controlling interests was $168,674,000 against $160,900,000 a year ago. Net operating income was $259,293,000 against $238,850,000 a year ago. Combined same-store cash NOI increased 4.9% for the second quarter as compared to the same period in the prior year. For the three months ended June 30, 2015, consolidated property same-store cash NOI increased by 5.0% to $163.3 million and unconsolidated joint venture property same-store cash NOI increased by 3.6% to $20.5 million, as compared to the same period in 2014. For the six months, the company reported total revenues of $805,373,000 against $743,077,000 a year ago. Income from continuing operations was $13,047,000 against $208,794,000 a year ago. Net income attributable to common stockholders was $4,171,000 or $0.04 per diluted share against $381,631,000 or $3.99 per diluted share a year ago. Funds From Operations attributable to SL Green common stockholders and non-controlling interests was $323,072,000 against $310,854,000 a year ago. Net operating income was $496,598,000 against $380,586,000 a year ago. Combined same-store cash NOI increased 4.0% for the first six months as compared to the same periods in the prior year. For the six months ended June 30, 2015, consolidated property same-store cash NOI increased by 3.7% to $313.1 million and unconsolidated joint venture property same-store cash NOI increased by 6.1% to $40.4 million, as compared to the same period in 2014. For the year 2015, the company raising 2015 NAREIT defined FFO guidance to a range of $6.30 to $6.34 per share, an increase of $0.05 per share at the midpoint, as compared to a previous range of $6.24 to $6.30 per share.

Sl Green Realty Corp. Signs Adidas to Retail Lease at 115 Spring Street

SL Green Realty Corp. announced that Adidas has signed a 10-year lease at 115 Spring Street, a prime location in one of Manhattan’s strongest retail areas. The two-level 5,218 square foot space will be the new home of the sportswear company’s Originals boutique.

SL Green Realty Corp. to Report Q2, 2015 Results on Jul 22, 2015

SL Green Realty Corp. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 22, 2015

SL Green Realty Corp., Q2 2015 Earnings Call, Jul 23, 2015

SL Green Realty Corp., Q2 2015 Earnings Call, Jul 23, 2015

SL Green Realty Corp. Announces Dividend on Common Stock and Preferred Stock for Second Quarter 2015, Payable on July 15, 2015

SL Green Realty Corp. announced that its board of directors has declared the quarterly dividend of $0.60 per share of common stock. The dividend is payable on July 15, 2015 to shareholders of record at the close of business on June 30, 2015. The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2015 through and including July 14, 2015, of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend will be payable July 15, 2015 to shareholders of record at the close of business on June 30, 2015.

 

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SLG Competitors

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Industry Analysis

SLG

Industry Average

Valuation SLG Industry Range
Price/Earnings 100.0x
Price/Sales 7.2x
Price/Book 1.7x
Price/Cash Flow 17.8x
TEV/Sales 1.2x
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