SL Green Realty Q1 2024 FFO $3.07 Beats $2.16 Estimate, Sales $128.203M Miss $152.668M Estimate
Portfolio Pulse from Benzinga Newsdesk
SL Green Realty (NYSE:SLG) reported Q1 2024 FFO of $3.07 per share, surpassing the $2.16 estimate by 42.13%. However, their sales of $128.203M fell short of the $152.668M estimate by 16.02%, marking a 26.57% decrease from the previous year.

April 17, 2024 | 9:00 pm
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SL Green Realty's Q1 2024 earnings exceeded expectations with an FFO of $3.07 per share, but sales missed estimates and showed a significant year-over-year decline.
While the FFO per share significantly exceeded analyst expectations, the miss on sales and the notable decrease from the previous year's figures could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the positive earnings surprise may be offset by concerns over declining sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100