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SL Green: Solid Q3 Results Reduce Melting Ice Cube Fears (Rating Upgrade)
Seeking Alpha· 2024-10-17 20:00
文章核心观点 - SL Green Realty股票过去一年表现出色,股价翻倍至52周高位,对写字楼房地产的许多最坏担忧并未成真 [1] 公司表现 - SL Green Realty股票过去一年表现惊艳,股价翻倍至52周高位 [1] 行业情况 - 对写字楼房地产的许多最坏担忧并未成为现实 [1]
Compared to Estimates, SL Green (SLG) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-17 07:01
For the quarter ended September 2024, SL Green (SLG) reported revenue of $139.62 million, up 6.2% over the same period last year. EPS came in at $1.13, compared to -$0.38 in the year-ago quarter. The reported revenue represents a surprise of +2.17% over the Zacks Consensus Estimate of $136.66 million. With the consensus EPS estimate being $1.21, the EPS surprise was -6.61%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...
SL Green (SLG) Lags Q3 FFO Estimates
ZACKS· 2024-10-17 06:26
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.13 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to FFO of $1.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -6.61%. A quarter ago, it was expected that this commercial real estate investment trust would post FFO of $1.62 per share when it actually produced FFO of $2.05, delivering a surprise of 26.54%. Over the last fo ...
SL Green Realty Corp. Reports Third Quarter 2024 EPS of ($0.21) Per Share; and FFO of $1.13 Per Share
GlobeNewswire News Room· 2024-10-17 04:15
Financial and Operating Highlights Net loss attributable to common stockholders of $0.21 per share for the third quarter of 2024 as compared to net loss of $0.38 per share for the same period in 2023. Funds from operations ("FFO") of $1.13 per share for the third quarter of 2024, which was reduced by $9.0 million, or $0.13 per share, of non-recurring, non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $1.27 per share for the same period in 2023. Signed 42 Manhattan of ...
SL Green Signs 925,000 Square Foot Renewal and Expansion Lease With Bloomberg, L.P. at 919 Third Avenue
GlobeNewswire News Room· 2024-10-17 04:05
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed a 924,876 square foot renewal and expansion lease with Bloomberg, L.P. at 919 Third Avenue. The transaction includes a 749,035-square-foot, 11-year lease extension commencing March 1, 2029, covering floors 2-18 and 28-33. In addition, Bloomberg will expand its footprint within the building by 175,841 square feet with a new 15-year lease covering a portion of ...
Here's Why You Should Retain SL Green Stock in Your Portfolio Now
ZACKS· 2024-10-15 01:05
SL Green (SLG) boasts a portfolio of high-quality and amenitized office properties in New York City to cater to the rising demand for premier office spaces. Its long-term leases with a diverse tenant base and focus on an opportunistic investment policy to enhance its portfolio quality are encouraging. However, the elevated supply of office properties in its markets and the geographic concentration of assets remain a concern. Analysts seem bullish on this office REIT carrying a Zacks Rank #2 (Buy), with the ...
SL Green (SLG) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-11 22:20
The upcoming report from SL Green (SLG) is expected to reveal quarterly earnings of $1.20 per share, indicating a decline of 5.5% compared to the year-ago period. Analysts forecast revenues of $135.76 million, representing an increase of 3.2% year over year. The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timefr ...
Here's Why SL Green Stock is an Apt Portfolio Pick for Now
ZACKS· 2024-10-08 01:56
SL Green Realty Corp. (SLG) has a portfolio of high-quality and well-amenitized office properties in New York City, which positions it well for growth. This New York-based office real estate investment trust (REIT) primarily acquires, manages, develops and leases commercial (mainly office) and residential real estate properties. It has been witnessing healthy demand for its properties amid the growing need for premier office spaces. Shares of this currently Zacks Rank #2 (Buy) company have rallied 25.8% ove ...
All You Need to Know About SL Green (SLG) Rating Upgrade to Buy
ZACKS· 2024-09-25 01:02
SL Green (SLG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings pict ...
SL Green (SLG) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-09-25 01:02
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...