SL Green Realty ($SLG) Q1 Revenue Fell Shy Of Market Estimates

20

The first quarter earnings report for SL Green Realty (NYSE: SLG) was released after the market closed.

Quarterly net rental revenue amounted to $144.52 million, with the company disclosing a funds from operations of $1.4 per share.

Analysts had projected revenue at $155.33 million and profit at $1.31 per share for the quarter.

Revenue showed a 12.7 percent year-over-year growth, while earnings decreased by 54.4 percent.