• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

SL Green Realty shares surge following Q4 results

by January 23, 2025
written by January 23, 2025

Investing.com — Shares of New York-based office real estate investment trust, SL Green Realty (NYSE:SLG) Corp., are experiencing a rise of up to 4.2% in premarket trading on Thursday.

This surge follows the company’s fourth quarter Funds From Operations (FFO) per share report, which exceeded the average analyst estimate.

In the fourth quarter, the company reported an FFO per share of $1.81, a significant increase from 72 cents per share in the same quarter of the previous year. This figure also surpassed the Bloomberg Consensus estimate of $1.45 per share.

The company’s revenue for the quarter stood at $245.9 million, marking a year-on-year increase of 16%. This revenue performance also outperformed the estimate of $189.4 million.

SL Green Realty Corp. reported a net operating income of $77.9 million, a 7.8% increase from the same period last year. The company’s FFO reached $131.9 million, more than double the $49.7 million reported in the same quarter the previous year and notably higher than the estimated $103.2 million.

Furthermore, the company reported an increase in Manhattan same-store office occupancy, which stood at 92.5%, up from 90% in the same period last year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
IBM price target hiked at BofA ahead of Q4 print, Investor Day
next post
Canadian retail sales remain flat in November, core sales down 1%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • BOJ keeps rates steady by 8-1 vote, board member Tamura dissents
    • US payrolls seen up in November as Boeing workers return, hurricanes over

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy