Jefferies Revises SLG Estimates

Jefferies is revising its SL Green Realty Corporation

2010, 2011, and 2012 FFO per share estimates to $4.76, $4.13, and $4.32 from $4.78, $4.05, and $4.29. “Our adjustments reflect: 1) new 2011 guidance assumptions, 2) the recent acquisition announcement, and 3) revised financing assumptions,” Jefferies writes. “We are maintaining our PT of $66.” SL Green Realty closed Monday at $67.03.