SUMMIT Operator revenue

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SL Green (SLG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKSยท 2025-10-15 23:31
Core Insights - SL Green reported revenue of $149.67 million for the quarter ended September 2025, reflecting a 7.2% increase year-over-year and a slight surprise of +0.04% over the Zacks Consensus Estimate of $149.62 million [1] - The company's EPS for the quarter was $1.58, a significant improvement from -$0.21 in the same quarter last year, resulting in an EPS surprise of +17.91% compared to the consensus estimate of $1.34 [1] Revenue Breakdown - Investment income was reported at $4.36 million, which is a decrease of 18.5% compared to the year-ago quarter and below the average estimate of $7.54 million from four analysts [4] - Rental revenue, including escalation and reimbursement revenues, amounted to $168.54 million, exceeding the average estimate of $167.09 million and representing a year-over-year increase of 7.4% [4] - Other income reached $28.2 million, surpassing the average estimate of $25.2 million and showing a year-over-year growth of 7.6% [4] - SUMMIT Operator revenue was reported at $32.88 million, which is a decline of 9.8% year-over-year and below the average estimate of $37.03 million from three analysts [4] Stock Performance - Over the past month, SL Green's shares have returned -14.7%, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]