SL Green reports $44M quarterly loss as it pivots to paying down debt – Robert Khodadadian

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Post date July 22, 2022

Office landlord SL Green reported a net loss of $44 million, or 70 cents a share, in the second quarter as leasing fell behind targets and the company pivoted to paying down its debts amid rising interest rates. The quarterly loss follows a net income of $1.56 per share for the same period last year, reflecting changes in strategy as the cost of borrowing and carrying debt increases. Funds from operations, a key metric for

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, interest rates, Manhattan, marc holliday, office market, SL Green The Real Deal New York Read More