SL Green Realty Corp reports results for the quarter ended March 31 - Earnings Summary

• SL Green Realty Corp SLG.N reported a quarterly adjusted loss of 30 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of four analysts for the quarter was for a loss of 45 cents per share. Wall Street expected results to range from -65 cents to -27 cents per share.

• Revenue rose 2.1% to $144.52 million from a year ago; analysts expected $153.37 million.

• SL Green Realty Corp's reported EPS for the quarter was a loss of 30 cents​.

• The company reported a quarterly loss of $21.08 million.

• SL Green Realty Corp shares had fallen by 9.7% this quarter and lost 23.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "hold"

• Wall Street's median 12-month price target for SL Green Realty Corp is $69.50

This summary was machine generated from LSEG data April 16 at 09:01 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)