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SL Green's Q4 FFO Lags Estimates, Revenues Improve Y/Y
SLGSL Green(SLG) ZACKS·2025-01-23 22:25

SL Green Realty Corp. (SLG) reported fourth-quarter 2024 funds from operations (FFO) per share of $1.45, which missed the Zacks Consensus Estimate of $1.53. The company had reported an FFO of 72 cents per share in the previous year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The results reflected lower-than-anticipated revenues despite decent leasing activity in its Manhattan portfolio. Also, higher interest expenses and lower same-store NOI acted as dampeners.Net rental revenue ...