Why SL Green Realty Shares Are Dipping Today
Portfolio Pulse from Lekha Gupta
SL Green Realty Corp (NYSE:SLG) shares dropped by around 4% after the company reported lower than expected Q3 FY23 earnings. Rental revenues were $131.52 million, missing the consensus of $143.82 million. Total revenues declined to $173.22 million. The company also reported a decrease in FFO per share from $1.66 a year ago to $1.27. The company lowered its FY23 outlook for FFO per share and net EPS loss.
October 19, 2023 | 10:53 am
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SL Green Realty Corp reported lower than expected Q3 FY23 earnings, leading to a drop in its share price. The company also lowered its FY23 outlook, which could further impact investor sentiment.
SL Green Realty Corp's lower than expected Q3 FY23 earnings and the lowering of its FY23 outlook are likely to negatively impact investor sentiment, leading to a potential decrease in the company's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100