SL Green Realty Corp. Reports Q1 Net Loss of $38.4 Million

SL Green Realty Corp.(SLG), a leading real estate inve stment trust (REIT), announced its financial results for the first quarter of the fiscal year 2023. Despite operating in challenging market conditions, the company managed to achieve revenue of $223.6 million during the quarter, showcasing its resilience and ability to adapt. However, the company reported a net loss of $38.4 million for the same period. Let's take a closer look at the financial statements to understand the key factors behind these results.

Net Income/Loss

The first quarter of 2023 saw SL Green Realty Corp. report a net loss of $38.4 million. The company's performance was impacted by various factors, including the ongoing economic uncertainty and the challenges posed by the real estate market during the period.

Revenue