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EX - 99.1 2 a21qlearningsrelease.htm EX - 99.1 CONTACT Matt DiLiberto Chief Financial Officer ( 212 ) 594-2700 SL GREEN REALTY CORP . REPORTS FIRST QUARTER 2021 EPS OF $ ( 0.11 ) PER SHARE ; AND FFO OF $ 1.73 PER SHARE Exhibit 99.1 Financial and Operating Highlights • • • • • Net income attributable to common stockholders of $ ( 0.11 ) per share for the first quarter of 2021 as compared to $ 1.51 per share for the same period in 2020. Net income attributable to common stockholders for the first quarter of 2020 included $ 72.3 million , or $ 0.90 per share , of net gains recognized from the sale of 315 West 33rd Street , also known as The Olivia , and $ 37.7 million , or $ 0.47 per share , of incremental income from Credit Suisse at One Madison Avenue . Funds from operations , or FFO , of $ 1.73 per share for the first quarter of 2021 , including $ 10.5 million , or $ 0.14 per share , of lease termination income , as compared to $ 2.08 per share for the same period in 2020. FFO for the first quarter of 2020 included $ 37.7 million , or $ 0.47 per share , of incremental income from Credit Suisse at One Madison Avenue . To date in 2021 , the Company has repurchased or redeemed a combined 1.5 million shares of its common stock and units of its Operating Partnership , or OP units , under the previously announced $ 3.5 billion share repurchase plan , bringing total repurchases and redemptions to 34.1 million shares / units . Signed 21 Manhattan office leases covering 352,752 square feet in the first quarter of 2021. The mark - to - market on signed Manhattan office leases was 2.8 % lower for the first quarter of 2021 than the previous fully escalated rents on the same spaces . Same - store cash net operating income , or NOI , including our share of same - store cash NOI from unconsolidated joint ventures , decreased by 1.4 % for the first quarter of 2021 as compared to the same period in 2020 , excluding lease termination income . Manhattan same - store office occupancy was 94.2 % as of March 31 , 2021 , inclusive of leases signed but not yet commenced .