SL Green (SLG) Misses Q1 FFO Estimates

SL Green reported quarterly FFO of $0.84 per share, well below the Zacks Consensus Estimate of $1.06 and down from $1.40 a year ago. The miss represents a decline of about 21% versus consensus and roughly 40% year over year, indicating weaker operating performance for the office REIT.

Analysis

SL Green reported quarterly FFO of $0.84 per share, well below the Zacks Consensus Estimate of $1.06 and down from $1.40 a year ago. The miss represents a decline of about 21% versus consensus and roughly 40% year over year, indicating weaker operating performance for the office REIT.