SL Green Realty Corp reports results for the quarter ended September 30 - Earnings Summary

• SL Green Realty Corp SLG.N reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of four analysts for the quarter was for a loss of 50 cents per share. Wall Street expected results to range from -84 cents to -7 cents per share.

• Revenue rose 10.6% to $165.55 million from a year ago; analysts expected $176.39 million.

• SL Green Realty Corp's reported EPS for the quarter was $1.01​.

• The company reported quarterly net income of $72.19 million.

• SL Green Realty Corp shares had fallen by 3.9% this quarter and gained 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 27.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for SL Green Realty Corp is $56.25, about 17% above its last closing price of $46.68

This summary was machine generated from LSEG data October 21 at 09:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)