04:49 PM EDT, 04/17/2024 (MT Newswires) -- SL Green Realty ( SLG/PI ) reported Q1 funds from operations Wednesday of $3.07 per diluted share, up from $1.53 a year earlier.

Analysts polled by Capital IQ expected $2.18.

Revenue for the quarter ended March 31 was $187.9 million, down from $245.8 million a year earlier. Analysts surveyed by Capital IQ expected $152.2 million.

For 2024, the company said it now expects FFO per share of $7.35 to $7.65, up from its prior guidance of $5.90 to $6.20. Analysts polled by Capital IQ expect $5.97.

SL Green Realty ( SLG/PI ) separately said it completed $2.1 billion in debt modifications and extensions across its portfolio including the $1.075 billion securitized mortgage on 280 Park Avenue.

The company shares were up 3% in recent after-hours activity.