SL Green Realty Q3 FFO $1.27 Down From $1.66 YoY, Sales $131.52M Miss $143.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
SL Green Realty (NYSE:SLG) reported a 23.49% decrease in quarterly earnings YoY, with earnings of $1.27 per share. The company's quarterly sales of $131.52 million missed the analyst consensus estimate of $143.82 million by 8.55%, marking an 8.00% decrease over sales from the same period last year.
October 18, 2023 | 8:14 pm
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NEGATIVE IMPACT
SL Green Realty's Q3 earnings and sales have decreased YoY, with sales missing analyst estimates. This could negatively impact the company's stock price in the short term.
SL Green Realty's lower than expected earnings and sales could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100