SL Green(US:SLG) ZACKS·2024-10-16 22:26Group 1 - SL Green reported quarterly funds from operations (FFO) of $1.13 per share, missing the Zacks Consensus Estimate of $1.21 per share, and down from $1.27 per share a year ago, representing an FFO surprise of -6.61% [1] - The company posted revenues of $139.62 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.17%, compared to year-ago revenues of $131.52 million [2] - SL Green shares have increased approximately 58.8% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] Group 2 - The current consensus FFO estimate for the coming quarter is $1.28 on revenues of $137.55 million, and for the current fiscal year, it is $7.62 on revenues of $538.1 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 38% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Group 3 - Ahead of the earnings release, the estimate revisions trend for SL Green was favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [6]