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SL Green Realty Q2 FFO Increases, Revenue Falls; 2024 FFO Outlook Raised -- Shares Rise After Hours
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SL Green Realty Q2 FFO Increases, Revenue Falls; 2024 FFO Outlook Raised -- Shares Rise After Hours
Jul 17, 2024 2:35 PM

05:07 PM EDT, 07/17/2024 (MT Newswires) -- SL Green Realty ( SLG/PI ) reported Q2 funds from operations late Wednesday of $2.05 per diluted share, up from $1.43 a year earlier.

Analysts polled by Capital IQ expected $1.66.

Revenue for the quarter ended June 30 was $222.8 million, down from $246 million a year earlier. Four analysts surveyed by Capital IQ expected $144.1 million.

For 2024, the company said it now expects FFO per share of $7.45 to $7.75, up from its prior guidance of $7.35 to $7.65. Analysts polled by Capital IQ expect $7.47.

The shares of the company were up nearly 2% in after-hours activity.

Price: 61.50, Change: -0.18, Percent Change: -0.29

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