SL Green Realty Corp reports results for the quarter ended December 31 - Earnings Summary

Sl Green Realty

23/01/2025 03:43

* SL Green Realty Corp  SLG.N  reported quarterly adjusted
earnings of 13 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of $-2.45.  The mean expectation of five analysts
for the quarter was for a loss of 27 cents per share. Wall
Street expected results to range from -62 cents to -4 cents per
share.
    * Revenue rose 62.4% to $245.88 million from a year ago;
analysts
expected $146.12 million. 
    * SL Green Realty Corp's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $9.36
million.
    * SL Green Realty Corp shares had fallen by 1.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 14
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for SL Green Realty
Corp is $75.00 
This summary was machine generated from LSEG data January 23 at
03:43 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.47           1.81           Beat
 Sep. 30 2024      1.24           1.13           Missed
 Jun. 30 2024      1.60           2.05           Beat
 Mar. 31 2024      2.16           3.07           Beat