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Here's What Key Metrics Tell Us About SL Green (SLG) Q1 Earnings
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For the quarter ended March 2026, SL Green (SLG - Free Report) reported revenue of $166 million, up 14.9% over the same period last year. EPS came in at $0.84, compared to -$0.30 in the year-ago quarter.
The reported revenue represents a surprise of +1.83% over the Zacks Consensus Estimate of $163.02 million. With the consensus EPS estimate being $1.06, the EPS surprise was -20.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SL Green performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental revenue including Escalation and reimbursement revenues: $186.88 million versus the three-analyst average estimate of $181.92 million. The reported number represents a year-over-year change of +14.6%.
Revenues- Investment income: $2.35 million compared to the $-0.39 million average estimate based on two analysts. The reported number represents a change of -85.4% year over year.
Revenues- Other income: $5.06 million versus the two-analyst average estimate of $23.31 million. The reported number represents a year-over-year change of -77.2%.
Revenues- SUMMIT Operator revenue: $24.14 million versus the two-analyst average estimate of $25.46 million. The reported number represents a year-over-year change of +7.1%.
Net Earnings Per Share (Diluted): $-1.20 versus the three-analyst average estimate of $-0.68.
Shares of SL Green have returned +6.6% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About SL Green (SLG) Q1 Earnings
For the quarter ended March 2026, SL Green (SLG - Free Report) reported revenue of $166 million, up 14.9% over the same period last year. EPS came in at $0.84, compared to -$0.30 in the year-ago quarter.
The reported revenue represents a surprise of +1.83% over the Zacks Consensus Estimate of $163.02 million. With the consensus EPS estimate being $1.06, the EPS surprise was -20.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SL Green performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for SL Green here>>>
Shares of SL Green have returned +6.6% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.