SL Green Realty Sees Increased Profits; Beats Estimates (SLG)

Real estate investment trust (REIT), SL Green Realty Corp(SLG) saw an increase in earnings for the quarter, beating analysts estimates on Thursday.

The New York, NY based company reported fourth quarter funds from operations (FFO) of $107 million, or $1.14 per share, up from $90 million, or $1.02 per share. Analysts expected to see EPS of $1.15.

The company reported net income of $20 million, or 22 cents per share, up from $2.8 million, or 3 cents per share last year.

Revenues for the quarter was $350.7 million, up from $329 million last year.

SL Green Realty shares were mostly flat during Thursday morning trading. The stock has increased 9% in the past year.

The Bottom Line
Shares of SL Green Realty Corp(SLG) have a 1.65% yield, based on Thursday morning’s price of $80.23

SL Green Realty Corp(SLG) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here