SL Green Realty (SLG) Tops Q3 EPS by 34c

SL Green Realty (NYSE: SLG) reported Q3 EPS of $0.22, $0.34 better than the analyst estimate of ($0.12).

• Funds from operations, or FFO, of $1.78 per share for the third quarter of 2021, including $11.4 million, or $0.16 per share, of lease termination income related to the termination of the WeWork lease at 609 Fifth Avenue, as compared to $1.75 per share for the same period in 2020, which included $20.2 million, or $0.26 per share, of net proceeds derived from a legal settlement.

• The Company is revising its 2021 earnings guidance ranges, resulting in an increase to the midpoint of those ranges, for the year ending December 31, 2021 to net income per share of $7.21 to $7.41 and FFO per share of $6.45 to $6.65.

For earnings history and earnings-related data on SL Green Realty (SLG) click here.

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