SL Green Realty Corp (NYSE:SLG) is expected to report second quarter earnings results, after market close, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.14 per share.
Looking ahead, the full year income are expected at $ 1.28 per share on the revenues of $ 853.71 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.60 ~ $ 7.10 per share
Click Here For More Historical Outlooks Of SL Green Realty Corp
Previous Quarter Performance
SL Green Realty Corp unfold income for the first quarter of $ 2.08 per share, from the revenue of $ 195.46 million. The quarterly earnings raised 300.00 percent while revenues declined 18.60 percent compared with the same quarter last year.
Wall street analysts are predicting, SLG to report 1Q20 income of $ 0.78 per share from revenue of $ 233.95 million. The bottom line results beat street analysts by $ 1.3 or 166.67 percent, at the same time, top line results fell short of analysts by $ 38.49 million or 16.45 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SLG was $ 47.93, representing a 36.32 % increase from the 52 week low of $ 35.16 and a 50.27 % decrease over the 52 week high of $ 96.39.
The company has a market capital of $ 3.67 billion and is part of the Real Estate sector and REIT – Office industry.
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Recent Analyst recommendations
On 25th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 47.00 target price.
On 28th May 2020, upgraded by Morgan Stanley to Equal-Weight from Underweight rating.
SL Green Realty Corp., an S&P 500 company and New York Citys largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 27.7 million square feet of Manhattan buildings and 18.7 million square feet of buildings securing debt and preferred equity investments.
