[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  LongYield [@LongYield](/creator/twitter/LongYield) on x 4472 followers Created: 2025-07-20 17:23:52 UTC $SLG SL Green Realty Corp. Earnings Call Key Highlights: 🏢 Leasing Performance and Tenant Demand Trends SL Green completed over XXXXXXX square feet of leasing in Q2 2025, bringing the year-to-date total to XXX million square feet, with a robust pipeline of X million square feet slated for near-term execution. Approximately XX% of the pipeline comprises leases under XXXXXX square feet, primarily driven by financial services, legal, professional services, government, nonprofit, TAMI, and real estate tenants. Leasing activity is expanding beyond Park Avenue, with half the pipeline representing properties on Third to Seventh Avenues, indicating broader Midtown demand. The firm reiterated its target for XXXX% occupancy by year-end, noting that recent occupancy blips were timing-related and not reflective of tenant demand. 💰 Significant Investment Realizations and Capital Deployment SL Green realized nearly $XX million in profit from its investment in the XXX Fifth Avenue mortgage within one year on a $XXX million outlay. The company sold a XX% interest in its preferred equity position in XXX Madison Avenue, generating combined liquidity of over $XXX million from the two transactions. These proceeds, along with newly secured $XXX million in fund commitments (bringing the total raised to over $X billion), provide more than $X billion in liquidity for future opportunistic investments. Management views this combination of capital generation and redeployment capacity as a strategic advantage, solidifying its role as a market maker in Midtown Manhattan. 🎰 Caesars Palace Times Square Casino Bid Progress SL Green filed a comprehensive 13,000-page proposal in Q2 to develop a Caesars-branded casino in Times Square, representing four years of planning and stakeholder engagement. The proposed project emphasizes tax revenue generation, minimal residential displacement, and neighborhood uplift through investments in safety, congestion relief, and community services. The project is in a 90-day community advisory committee (CAC) review phase, with strong confidence expressed by management regarding its competitive positioning. The development is expected to enhance surrounding property values and business activity, with potential long-term benefits for SL Green’s broader portfolio in the area. 📊 Raised 2025 Guidance Driven by Opportunistic Gains Full-year FFO guidance was raised by $XXXX per share (7.4%), driven primarily by a $XXXX per share gain from the XXX Fifth Avenue investment and partially offset by a $XXXX reserve on XXX Madison. Interest expense is trending ~$0.10 per share higher than initial projections due to changes in the timing and structure of asset sales, not interest rate volatility. The company maintained its original assumption of $XX million in discounted debt extinguishment gains for the year, with potential for upside from its $XX million purchase of defaulted debt on 1552 Broadway. Management reaffirmed its approach to maximizing real FFO through active capital markets execution, asserting the value of its creative and opportunistic platform despite modeling complexity.  XXX engagements  **Related Topics** [quarterly earnings](/topic/quarterly-earnings) [$slg](/topic/$slg) [Post Link](https://x.com/LongYield/status/1946984416145719684)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
LongYield @LongYield on x 4472 followers
Created: 2025-07-20 17:23:52 UTC
$SLG SL Green Realty Corp. Earnings Call Key Highlights:
🏢 Leasing Performance and Tenant Demand Trends
SL Green completed over XXXXXXX square feet of leasing in Q2 2025, bringing the year-to-date total to XXX million square feet, with a robust pipeline of X million square feet slated for near-term execution.
Approximately XX% of the pipeline comprises leases under XXXXXX square feet, primarily driven by financial services, legal, professional services, government, nonprofit, TAMI, and real estate tenants.
Leasing activity is expanding beyond Park Avenue, with half the pipeline representing properties on Third to Seventh Avenues, indicating broader Midtown demand.
The firm reiterated its target for XXXX% occupancy by year-end, noting that recent occupancy blips were timing-related and not reflective of tenant demand.
💰 Significant Investment Realizations and Capital Deployment
SL Green realized nearly $XX million in profit from its investment in the XXX Fifth Avenue mortgage within one year on a $XXX million outlay.
The company sold a XX% interest in its preferred equity position in XXX Madison Avenue, generating combined liquidity of over $XXX million from the two transactions.
These proceeds, along with newly secured $XXX million in fund commitments (bringing the total raised to over $X billion), provide more than $X billion in liquidity for future opportunistic investments.
Management views this combination of capital generation and redeployment capacity as a strategic advantage, solidifying its role as a market maker in Midtown Manhattan.
🎰 Caesars Palace Times Square Casino Bid Progress
SL Green filed a comprehensive 13,000-page proposal in Q2 to develop a Caesars-branded casino in Times Square, representing four years of planning and stakeholder engagement.
The proposed project emphasizes tax revenue generation, minimal residential displacement, and neighborhood uplift through investments in safety, congestion relief, and community services.
The project is in a 90-day community advisory committee (CAC) review phase, with strong confidence expressed by management regarding its competitive positioning.
The development is expected to enhance surrounding property values and business activity, with potential long-term benefits for SL Green’s broader portfolio in the area.
📊 Raised 2025 Guidance Driven by Opportunistic Gains
Full-year FFO guidance was raised by $XXXX per share (7.4%), driven primarily by a $XXXX per share gain from the XXX Fifth Avenue investment and partially offset by a $XXXX reserve on XXX Madison.
Interest expense is trending ~$0.10 per share higher than initial projections due to changes in the timing and structure of asset sales, not interest rate volatility.
The company maintained its original assumption of $XX million in discounted debt extinguishment gains for the year, with potential for upside from its $XX million purchase of defaulted debt on 1552 Broadway.
Management reaffirmed its approach to maximizing real FFO through active capital markets execution, asserting the value of its creative and opportunistic platform despite modeling complexity.
XXX engagements
Related Topics quarterly earnings $slg