SL Green Realty Corp. (SLG)
SL Green: Break Time As Part Of A Fantastic Year
SL Green is on track to lease over 3 million sq ft. Occupancy is expected to climb to 92.5% by the end of the fiscal year. The stock has more growth potential due to successful building modernizations and new asset management ventures.
SL Green Realty Corp. (SLG) Q3 2024 Earnings Call Transcript
SL Green Realty Corp. (NYSE:SLG ) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Financial Officer Steve Durels - EVP, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Nick Yulico - Scotia Bank Michael Lewis - Tourist Securities Anthony Paolone - JPMorgan Omotayo Okusanya - Deutsche Bank Jeff Spector - Bank of America Peter Abramowitz - Jefferies Caitlin Burrows - Goldman Sachs Operator Thank you, everybody, for joining us. Welcome to the SL Green Realty Corp's Third Quarter 2024 Earnings Results Conference Call.
SL Green's Q3 FFO Lags Estimates, Revenues Improve Y/Y
SLG's Q3 FFO misses estimates. Higher interest expenses undermine decent leasing activity and higher rental property revenues.
SL Green: Solid Q3 Results Reduce Melting Ice Cube Fears (Rating Upgrade)
SL Green Realty's Q3 results were solid with strong leasing activity and cost control, but the stock's valuation now reflects these improvements. Despite initial fears, office occupancy has been better than expected, particularly in Manhattan, with significant renewals like Bloomberg's 11-year lease. SLG's balance sheet remains debt-heavy, making the stock volatile, but recent refinancing and property openings have improved its positioning.
Compared to Estimates, SL Green (SLG) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SL Green (SLG) Lags Q3 FFO Estimates
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.13 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to FFO of $1.27 per share a year ago.
Here's Why You Should Retain SL Green Stock in Your Portfolio Now
SLG to gain from high demand for top-quality office properties, diverse tenant base and strategic portfolio allocation. High supply and concentration risk ail.
SL Green (SLG) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Besides Wall Street's top -and-bottom-line estimates for SL Green (SLG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Here's Why SL Green Stock is an Apt Portfolio Pick for Now
Healthy demand for SLG's premier office spaces, a solid tenant base and opportunistic investments bode well for long-term growth.
All You Need to Know About SL Green (SLG) Rating Upgrade to Buy
SL Green (SLG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SL Green (SLG) is a Great Momentum Stock: Should You Buy?
Does SL Green (SLG) have what it takes to be a top stock pick for momentum investors? Let's find out.
SL Green: Upside Now Relies On Sustained Execution (Rating Downgrade)
SLG has reach my estimated intrinsic value of between $70-$80 a share. Having returned to a normal valuation, the company needs a concrete plan to reverse years-long revenue and FFO declines. I can see a path to increasing revenue and FFO substantially as the Manhattan office market recovers from the pandemic.
