SL Green Realty Q2 FFO $1.43 Down From $1.87 YoY, Sales $165.65M Miss $205.97M Estimate
Portfolio Pulse from totan@benzinga.com
SL Green Realty (NYSE:SLG) reported Q2 earnings of $1.43 per share, a 23.53% decrease YoY. The company's quarterly sales were $165.65 million, missing the analyst consensus estimate of $205.97 million by 19.58%. However, this is a 21.36% increase over sales of $136.49 million the same period last year.
July 19, 2023 | 8:07 pm
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SL Green Realty's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
SL Green Realty reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential operational and financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100