SL Green(SLG)

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SL Green(SLG) - 2023 Q3 - Quarterly Report
2023-11-03 22:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13199 (SL Green Realty Corp.) Commission File Number: 33-167793-0 ...
SL Green(SLG) - 2023 Q3 - Earnings Call Transcript
2023-10-19 22:51
SL Green Realty Corp. (NYSE:SLG) Q3 2023 Earnings Conference Call October 19, 2023 2:00 PM ET Company Participants Marc Holliday - Chairman and CEO Andrew Mathias - President Matthew DiLiberto - CFO Steve Durels - EVP, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Alexander Goldfarb - Piper Sandler Camille Bonnel - Bank of America Blaine Heck - Wells Fargo Peter Abramowitz - Jefferies R ...
SL Green(SLG) - 2023 Q2 - Quarterly Report
2023-08-03 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13199 (SL Green Realty Corp.) Commission File Number: 33-167793-02 (SL ...
SL Green(SLG) - 2023 Q2 - Earnings Call Transcript
2023-07-20 21:03
SL Green Realty Corp. (NYSE:SLG) Q2 2023 Results Conference Call July 20, 2023 2:00 PM ET Company Participants Marc Holliday - Chairman and CEO Matt DiLiberto - CFO Steve Durels - EVP, Director of Leasing and Real Property Andrew Mathias - President Harry Sitomer - Chief Investment Officer Conference Call Participants Michael Lewis - Truist Securities Steve Sakwa - Evercore Alexander Goldfarb - Piper Sandler Tom Catherwood - BTIG John Kim - BMO Capital Markets Blaine Heck - Wells Fargo Anthony Paolone - JP ...
SL Green(SLG) - 2023 Q1 - Quarterly Report
2023-05-05 21:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13199 (SL Green Realty Corp.) Commission File Number: 33-167793-02 (S ...
SL Green(SLG) - 2023 Q1 - Earnings Call Transcript
2023-04-20 21:09
Financial Data and Key Metrics Changes - The company reported a significant outperformance in same-store cash NOI, with mark-to-market rents and same-store NOI both exceeding 5% [21][22] - The same-store office occupancy was slightly above internal forecasts at just over 90%, and leasing volume reached 504,000 square feet, outperforming expectations [21][22] - The quarter's results were ahead of expectations in several key areas, with a notable contribution from lower operating expenses and utility costs [10][21] Business Line Data and Key Metrics Changes - The company is focusing on high-quality commercial assets in Midtown, with expectations for transactions in the coming quarters [22] - The leasing pipeline now stands at 1.2 million square feet, up 70% from the previous earnings call, with 80% of this pipeline in financial services [58] - The company is seeing increased activity in the user buyer market, with recent sales totaling over $725 million to users like Hyundai and Dyson [59] Market Data and Key Metrics Changes - The commercial real estate sector is experiencing a recovery, with signs of demand forming for high-quality assets in Midtown [22] - New York City is projected to welcome 63 million visitors in 2023, nearing pre-pandemic levels, indicating a strong recovery in tourism [31] - The labor market in New York City is showing signs of improvement, with office utilization exceeding 60% on many workdays [56] Company Strategy and Development Direction - The company plans to sell certain assets while looking to joint venture with premier partners for core holdings [6] - The management emphasizes the importance of rethinking office needs and transforming central business districts into vibrant destinations [55] - The company is focused on executing a series of sales, joint ventures, and financings as part of its 2023 business plan [59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the return to work trend, with many companies mandating employees to return to the office [30] - The company believes that the negative sentiment in the market is overblown, citing strong results and a growing pipeline [106] - Management highlighted the resilience of New York City and its ability to attract talent and adapt to changing economic conditions [18][19] Other Important Information - The company has hedged most of its interest rate exposure through strategic debt repayment and the use of derivative instruments [19] - The completion of East Side Access, now known as Grand Central Madison, is expected to enhance accessibility for commuters [21] Q&A Session Summary Question: Update on the $2 billion of dispositions planned for this year - The company is working on completing joint venture sales and financings as part of its 2023 business plan, feeling positive about the current status [60] Question: Commentary on secured debt that recently expired - The company is in discussions with lenders regarding secured debt and has executed extensions for some maturing loans [40][42] Question: Thoughts on Credit Suisse and UBS merger - The management views the merger as a credit upgrade for the lease, expecting the merged entity to be stronger [92] Question: Update on the redevelopment of 2 Herald - The company is evaluating redevelopment opportunities following WeWork's departure from the space [97] Question: Insights on the leasing pipeline and tenant activity - The leasing pipeline includes a mix of tenants, with many expanding, some staying the same, and others shrinking, indicating a diverse demand [63][64]
SL Green(SLG) - 2022 Q4 - Annual Report
2023-02-16 23:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13199 (SL Green Realty Corp.) Commission File Number: 33-167793-02 (SL Gre ...
SL Green(SLG) - 2022 Q4 - Earnings Call Transcript
2023-01-26 23:13
SL Green Realty Corp (NYSE:SLG) Q4 2022 Earnings Conference Call January 26, 2023 2:00 PM ET Company Participants Marc Holliday - Chairman & CEO Andrew Mathias - President & Director Matthew DiLiberto - CFO Steven Durels - EVP & Director, Leasing & Real Property Conference Call Participants Alexander Goldfarb - Piper Sandler & Co. John Kim - BMO Capital Markets Michael Lewis - Truist Securities Stephen Sakwa - Evercore ISI Anthony Paolone - JPMorgan Chase & Co. Blaine Heck - Wells Fargo Securities Ronald Ka ...
SL Green(SLG) - 2022 Q3 - Quarterly Report
2022-11-04 21:08
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR Commission File Number: 1-13199 (SL Green Realty Corp.) Commission File Number: 33-167793-0 ...
SL Green(SLG) - 2022 Q3 - Earnings Call Transcript
2022-10-20 21:34
SL Green Realty Corp. (NYSE:SLG) Q3 2022 Earnings Conference Call October 20, 2022 2:00 PM ET Company Participants Marc Holliday – Chairman and Chief Executive Officer Matt DiLiberto – Chief Financial Officer Steve Durels – Executive Vice President, Director-Leasing and Real Property Andrew Mathias – President Conference Call Participants Alexander Goldfarb – Piper Sandler Steve Sakwa – Evercore ISI Michael Griffin – Citi Anthony Paolone – JPMorgan John Kim – BMO Tom Catherwood – BTIG Michael Lewis – Truist ...