SL Green Realty Corp. (SLG)
SL Green Realty Corp. (SLG) Q4 2024 Earnings Call Transcript
SL Green Realty Corp. (NYSE:SLG ) Q4 2024 Earnings Conference Call January 23, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and CEO Matthew DiLiberto - CFO Steve Durels - EVP, Director, Leasing and Real Property Harrison Sitomer - CIO Conference Call Participants Nick Yulico - Scotiabank Alexander Goldfarb - Piper Sandler John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Jeffrey Spector - Bank of America Securities Anthony Paolone - JPMorgan Michael Griffin - Citi Ronald Kamdem - Morgan Stanley Michael Lewis - Truist Securities Blaine Heck - Wells Fargo Caitlin Burrows - Goldman Sachs Operator Thank you, everybody, for joining us and welcome to the SL Green Realty Corp's Fourth Quarter 2024 Earnings Results Conference Call. This conference call is being recorded.
SL Green's Q4 FFO Lags Estimates, Revenues Improve Y/Y
SLG's Q4 results reflect decent leasing activity in its Manhattan portfolio. However, higher interest expenses and lower same-store NOI undermined the results.
Compared to Estimates, SL Green (SLG) Q4 Earnings: A Look at Key Metrics
The headline numbers for SL Green (SLG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SL Green (SLG) Q4 FFO and Revenues Miss Estimates
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.45 per share, missing the Zacks Consensus Estimate of $1.53 per share. This compares to FFO of $0.72 per share a year ago.
SL Green (SLG) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Beyond analysts' top -and-bottom-line estimates for SL Green (SLG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Down -12.29% in 4 Weeks, Here's Why You Should You Buy the Dip in SL Green (SLG)
SL Green (SLG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
SL Green: 2025 Plans
SL Green's stock price has roughly doubled this fiscal year. Management repeatedly increased in Funds Flow From Operations during the fiscal year. The annual investor day highlighted SL Green's growth potential.
SL Green (SLG) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
SL Green (SLG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Is the U.S Office Real Estate Market Set for a 2025 Comeback? 2 Picks
The U.S. office real estate market is likely poised for a rebound with high demand for premium office spaces backed by a strong economy.
Down -11.17% in 4 Weeks, Here's Why You Should You Buy the Dip in SL Green (SLG)
SL Green (SLG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Key Reasons to Add SL Green to Your Portfolio Right Now
Healthy demand for SLG's premier office spaces, a solid tenant base and opportunistic investments bode well for long-term growth.
SLG Raises 2024 FFO Guidance, Announces Lease Renewal & Transactions
SL Green raises 2024 FFO per share guidance, secures lease renewal and announces a series of transactions at 100 Park Avenue building.
