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OFFON

SL GREEN REALTY CORP.

(SLG)
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SL Green: Q2 Earnings Snapshot

07/21/2021 | 04:45pm EDT

NEW YORK (AP) _ SL Green Realty Corp. (SLG) on Wednesday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations.

The real estate investment trust, based in New York, said it had funds from operations of $117.7 million, or $1.60 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.62 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $105.3 million, or $1.51 per share.

The commercial real estate investment trust posted revenue of $218.1 million in the period. Its adjusted revenue was $163.9 million.

The company's shares have increased 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $78.11, a climb of 58% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLG at https://www.zacks.com/ap/SLG

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on SL GREEN REALTY CORP.
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Financials (USD)
Sales 2021 727 M - -
Net income 2021 93,8 M - -
Net Debt 2021 4 732 M - -
P/E ratio 2021 57,3x
Yield 2021 5,39%
Capitalization 4 591 M 4 591 M -
EV / Sales 2021 12,8x
EV / Sales 2022 13,2x
Nbr of Employees 794
Free-Float 96,5%
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Technical analysis trends SL GREEN REALTY CORP.
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 68,36 $
Average target price 79,89 $
Spread / Average Target 16,9%
EPS Revisions
Managers and Directors
Marc Holliday Chairman & Chief Executive Officer
Andrew W. Mathias President & Director
Matthew J. DiLiberto Chief Financial Officer
Edward V. Piccinich Chief Operating Officer
John H. Alschuler Lead Independent Director
Sector and Competitors