SL Green: Occupancy Gains, But FFO Continues To Dip
SL Green Realty Corp. reported an increase in occupancy rates during the first quarter, reaching 94.4%. However, the company's funds from operations (FFO) continued to decline amid rising U.S. Treasury yields. This trend may pose challenges for real estate investment trusts (REITs) moving forward.
- ▪SL Green Realty Corp. achieved an occupancy rate of 94.4% in the first quarter.
- ▪The company's funds from operations (FFO) have been declining despite the occupancy gains.
- ▪Rising U.S. Treasury yields are expected to create headwinds for REITs.
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