SL Green Realty Corp. (NYSE:SLG) Q3 2022 Earnings Conference Call October 20, 2022 2:00 PM ET

Company Participants

Marc Holliday – Chairman and Chief Executive Officer

Matt DiLiberto – Chief Financial Officer

Steve Durels – Executive Vice President, Director-Leasing and Real Property

Andrew Mathias – President

Conference Call Participants

Alexander Goldfarb – Piper Sandler

Steve Sakwa – Evercore ISI

Michael Griffin – Citi

Anthony Paolone – JPMorgan

John Kim – BMO

Tom Catherwood – BTIG

Michael Lewis – Truist

Nick Yulico – Scotiabank

Blaine Heck – Wells Fargo

Tayo Okusanya – Credit Suisse

Anthony Powell – Barclays

Ronald Kamdem – Morgan Stanley

Operator

Thank you, everyone, for joining us, and welcome to SL Green Realty Corp's Third Quarter 2022 Earnings Results Conference Call. This conference is being recorded. At this time, the company would like to remind listeners that during the call, management may make forward-looking statements. You should not rely on these forward-looking statements predictions of future events as actual results and events may differ from any forward-looking statements that management may make today. All forward-looking statements made by management on this call are based on their assumptions and beliefs as of today. Additional information regarding the risks, uncertainties and other factors that could cause such differences to appear are set forth in the risk factors and MD&A sections of the company's latest Form 10-K and other subsequent reports filed by the company with the Securities and Exchange Commission.

Also during today's conference call, the company may discuss non-GAAP financial measures as defined by Regulation G under the Securities Act. The GAAP financial measures most directly comparable to each non-GAAP financial measure discussed in the reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure can be found on both the company's website at www.slgreen.com by selecting the press release regarding the company's third quarter 2022 earnings and in their supplemental information included in our current report on Form 8-K relating to our third quarter 2022 earnings. Before turning the call over to Marc Holliday, Chairman and Chief Executive Officer of SL Green Realty Corp, I would ask that those of you participating in the Q&A portion of the call, please limit yourself to two questions per person. Thank you.

I will now turn the call over to Marc Holliday. Please go ahead, Marc.

Marc Holliday

Thank you. Good afternoon, everyone. We appreciate you dialing in today, and we look forward to giving you an overview of our quarter's results, taking your questions. So I want to remind everyone that since 2019, we faced many new challenges, which in turn caused us to raise our bar even higher and respond in ways that have been beneficial for our tenants, our shareholders and our community. In less than three years, we signed over 5 million square feet of office leases, we completed two dozen individual sales transactions at a gross price at share of $5 billion. We developed and acquired new world-class assets, oversaw and executed $2.25 billion of physical construction projects for on-time deliveries, reduced our DPE balance to $663 million at quarter end. We created a new iconic global entertainment destination, Summit.