Published on 18 Apr 2024 on Zacks via Yahoo Finance
SL Green Realty Corp. SLG reported first-quarter 2024 funds from operations (FFO) per share of $3.07, outpacing the Zacks Consensus Estimate of $2.17 per share. The figure gained significantly from the year-ago quarter’s $1.53.
Results reflect decent leasing activity in its Manhattan portfolio. However, lower rental revenues and occupancy in Manhattan’s same-store office portfolio acted as a dampener. SL Green raised its guidance for 2024 FFO per share.