SL Green: Q4 Earnings Snapshot
SL Green Realty Corp. (SLG) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations.
By AP News
Published - Jan 25, 2023, 05:21 PM ET
Last Updated - Apr 30, 2024, 02:07 PM EDT
NEWYORK, N.Y. (AP) _ SL Green Realty Corp. (SLG) on Wednesday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations.
The Newyork, New York-based real estate investment trust said it had funds from operations of $100 million, or $1.46 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.48 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
