SL Green Q4 2024 FFO rose to $1.81 per share from $0.72; net income $0.13 per share
SL Green reported fourth-quarter 2024 net income attributable to common stockholders of $9.4 million, or $0.13 per share, compared with a net loss of $155.6 million, or $2.45 per share, a year earlier. Funds from operations (FFO) was $1.81 per share, including a $26.0 million ($0.36 per share) gain on discounted debt extinguishment at 690 Madison Avenue, and total revenues rose to $245.9 million from $211.7 million. Same-store cash net operating income fell 1.9% for the quarter, or 2.7% excluding lease termination income.
Key points
- Q4 2024 FFO of $131.9 million, or $1.81 per share, versus $49.7 million, or $0.72 per share, in Q4 2023
- Full-year 2024 FFO of $569.8 million, or $8.11 per share, versus $4.94 per share in 2023; full-year net income of $7.1 million, or $0.08 per share
- Manhattan office leases signed in Q4 2024 carried a mark-to-market 9.0% above previous fully escalated rents
- Same-store cash NOI decreased 1.9% in Q4 2024 (2.7% excluding lease termination income)
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.