Why an Earnings Beat Is Likely for SL Green (SLG) in Q4

Zacks Equity Research Published on January 22, 2018

SL Green Realty Corp. (SLG - Free Report) is slated to report fourth quarter and 2017 results on Wednesday, Jan 24, after the market closes. While funds from operations (FFO) per share will likely increase on a year-over-year basis, revenues are expected to decline.

Last quarter, this real estate investment trust (REIT) delivered a negative surprise of 5.1%. The company’s Q3 results reflect a decline in rental revenues and steep fall in investment income. Also, the office landlord exited the quarter with lower liquidity.

Over the trailing four quarters, the company surpassed the Zacks Consensus Estimate in one occasion, met in another and missed in the remaining two. The company delivered an average positive surprise of around 1% over this period. The graph below depicts this surprise history:

SL Green Realty Corporation Price and EPS Surprise

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