- SL Green Realty (NYSE:SLG) Q4 pro forma FFO per share of $1.56 matches the average analyst estimate and declined from $1.75 both Q3 2020 and in the year-ago quarter.
- Occupancy in SLG's Manhattan same-office portfolio was 93.4%, inclusive of leases signed but not yet commenced, at Dec. 31, 2020, vs. 94.2% at the end of Q3.
- To date, the company has collected gross tenant billings, including rent and other billable expenses for the full year 2020 of 94.8% overall; collection rate was 97.9% for offic and 80.8% for retail.
- Q4 same-store cash NOI (including SLG's share of same-store cash NOI from unconsolidated joint ventures) fell 5.9% Y/Y.
- Q4 consolidated revenue was $234.9M vs. $308.1M in the year-ago period.
- Signed 27 office leases in its Manhattan portfolio totaling 463,927 square feet.
- Conference call on Jan. 28 at 2:00 PM ET.
- Previously: SL Green Realty FFO in-line, beats on revenue (Jan. 27)