SL Green (SLG) Q4 FFO and Revenues Miss Estimates

Core Insights - SL Green (SLG) reported quarterly funds from operations (FFO) of $1.45 per share, missing the Zacks Consensus Estimate of $1.53 per share, but showing an increase from $0.72 per share a year ago, resulting in an FFO surprise of -5.23% [1] - The company posted revenues of $139.61 million for the quarter ended December 2024, which was 0.31% below the Zacks Consensus Estimate, but an increase from $131.93 million year-over-year [2] - SL Green shares have underperformed the market, losing about 1.1% since the beginning of the year compared to the S&P 500's gain of 2.9% [3] FFO Outlook - The future performance of SL Green's stock will largely depend on management's commentary during the earnings call and the company's FFO outlook, which includes current consensus expectations for upcoming quarters [4][6] - The current consensus FFO estimate for the next quarter is $1.36 on revenues of $140.48 million, and for the current fiscal year, it is $5.51 on revenues of $566.03 million [7] Industry Context - The REIT and Equity Trust - Other industry, to which SL Green belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which can be tracked by investors [5]