SL Green Realty Corp. ($SLG) Q3 Profit Declines; Surrenders To Wall Street Expectation

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The earnings report of SL Green Realty Corp. (NYSE: SLG) was released today evening at the end of the trading session, providing investors with an understanding of the company’s performance in the third quarter.

Prominent statistics and vital information

  • According to the quarterly report, the company reported an income of $1.13 per share and total revenues of $139.62 million for the three-month period.
  • The outcomes fell short of the market expected $1.24 profit per share along with the $142.54 million in revenues.
  • Comparing to the similar quarter of last year revenues accelerated 6.15 percent, on the other hand the profit per share contracted 11.02 percent.
  • SL Green Realty (SLG) shares experienced a range of $71.82 to $72.85 on a day volume of 637.10 thousand shares. The stock closed Wednesday’s regular trading session at $72.69, reflecting a 1.32 percent increase.

Period EPS
Actual
EPS
Growth*
Revenue
Actual
Revenue
Growth*
Q3 2024 $1.13 -11.0% 139.62 M +6.2%
Historical Earnings Insight
Q2 2024 $2.05 +43.4% 135.56 M -18.2%
Q1 2024 $3.07 +100.7% 128.20 M -26.6%
Q4 2023 $0.72 -50.7% 131.93 M -23.7%
Q3 2023 $1.27 -23.5% 131.52 M -8.0%
Q2 2023 $1.43 -23.5% 165.65 M +21.4%
*Growth on year-over-year basis