SL Green's Q4 FFO Lags Estimates, Revenues Improve Y/Y
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SL Green's Q4 results showed improved revenues year-over-year, driven by decent leasing activity in its Manhattan portfolio. However, the results were negatively impacted by higher interest expenses and lower same-store NOI, leading to FFO lagging behind estimates.
January 23, 2025 | 2:45 pm
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SL Green's Q4 earnings report showed improved revenues due to strong leasing in Manhattan, but higher interest expenses and lower same-store NOI led to FFO missing estimates.
The report indicates that while SL Green saw improved revenues from leasing activities, the financial performance was negatively impacted by increased interest expenses and lower same-store NOI. This led to FFO missing estimates, which is likely to have a negative short-term impact on the stock price.
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