Workflow
SL Green (SLG) Surpasses Q3 FFO and Revenue Estimates
SL GreenSL Green(US:SLG) ZACKSยท2025-10-15 22:51

Core Insights - SL Green (SLG) reported quarterly funds from operations (FFO) of $1.58 per share, exceeding the Zacks Consensus Estimate of $1.34 per share, and up from $1.13 per share a year ago, representing an FFO surprise of +17.91% [1] - The company posted revenues of $149.67 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.04%, compared to $139.62 million in the same quarter last year [2] - SL Green shares have underperformed the market, losing about 17.5% since the beginning of the year, while the S&P 500 has gained 13% [3] Financial Performance - Over the last four quarters, SL Green has surpassed consensus FFO estimates three times and topped consensus revenue estimates two times [2] - The current consensus FFO estimate for the coming quarter is $1.46 on revenues of $146.16 million, and for the current fiscal year, it is $5.87 on revenues of $591.6 million [7] Market Outlook - The sustainability of SL Green's stock price movement will depend on management's commentary during the earnings call and future FFO expectations [3][4] - The estimate revisions trend for SL Green was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The REIT and Equity Trust - Other industry is currently in the top 28% of Zacks industries, suggesting a positive outlook for stocks within this sector [8]