SL Green's Q1 FFO & Revenue Beat Estimates, Rental Rates Improve

SL Green Realty Corp. (SLG) reported first-quarter 2025 funds from operations (FFO) per share of $1.40, which surpassed the Zacks Consensus Estimate of$1.27. The company had reported an FFO of $3.07 per share in the year-ago period, including$2.02 per share of gain on discounted debt extinguishment at Herald Square and $0.07 per share of positive non-cash fair value adjustments on mark-to-market derivatives.The results reflected improved average rental rates on the Manhattan office leases signed in the pe ...