SL Green Realty Q1 FFO Rises - Quick Facts

(RTTNews) - SL Green Realty Corp. (SLG) Wednesday said first-quarter funds from operations, or FFO, increased to $150.0 million or $1.52 per share from $109.2 million or $1.16 per share in the same period last year.

On average, 17 analysts polled by Thomson Reuters expected the company to report FFO of $1.37 per share for the quarter. Analysts' estimates typically exclude special items.

First-quarter profit totaled $146.1 million or $1.53 per share, up from $18.9 million or $0.21 per share in the same quarter last year.

Revenues increased to $381.1 million from $360.0 million last year. Analysts expected revenues of $279.38 million.

Looking ahead, the company has raised its full-year 2014 FFO guidance by 4.6 percent at the midpoint, to a range of $5.90 to $5.96 per share. Analysts currently expect the company to report full-year earnings of $5.71 per share.