SL Green Realty’s Investor Day Review
<p>Deutsche Bank analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/SLG'>SL Green Realty Corp. (NYSE:SLG)</a> Investor Day. Management delivered a detailed update on the NYC leasing, financing, transaction and expense environment while highlighting recent and future investment projects from its robust development pipeline. </p>
<p>Among the key takes from the event, Deutsche Bank analysts highlighted: (1) Robust 2023 disposition pipeline to fund debt repayments/deleveraging, (2) Balance sheet protection with liquidity ($1.1 billion for 2022 liquidity to $1.5 billion for 2023) and interest rate swaps, (3) 100% of 2023 FAD to be paid out in dividends. (4) Day-to-day office occupancy remains low, hovering around 60% of pre-pandemic levels, and (5) Emphasized SUMMIT outperformance with over 1.5 million guests and $91 million in revenues projected for the first year.</p>

NYSE:SLG