SL Green (SLG) Q1 FFO and Revenues Top Estimates

Financial Performance - SL Green reported quarterly funds from operations (FFO) of $1.40 per share, exceeding the Zacks Consensus Estimate of $1.27 per share, but down from $3.07 per share a year ago, indicating a FFO surprise of 10.24% [1] - The company posted revenues of $144.52 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.74%, compared to $128.2 million in the same quarter last year [2] - Over the last four quarters, SL Green has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - SL Green shares have declined approximately 23.3% since the beginning of the year, while the S&P 500 has decreased by 8.3% [3] - 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 [3][4] - The current consensus FFO estimate for the upcoming quarter is $1.39 on revenues of $141.1 million, and for the current fiscal year, it is $5.42 on revenues of $565.3 million [7] Industry Context - The REIT and Equity Trust - Other industry, to which SL Green belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, which could impact SL Green's stock performance [5][6]