SL Green Realty (NYSE:SLG) Issues Earnings Results

SL Green Realty (NYSE:SLG) released its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.21, Zacks reports. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.45%. The firm had revenue of $171.85 million for the quarter, compared to analysts’ expectations of $179.01 million. During the same quarter last year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. SL Green Realty updated its FY 2026 guidance to 5.600-5.900 EPS.

SL Green Realty Stock Up 7.7%

NYSE:SLG opened at $53.96 on Friday. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -19.77 and a beta of 1.58. SL Green Realty has a twelve month low of $34.77 and a twelve month high of $66.29. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $48.66 and a 200-day simple moving average of $44.07.

SL Green Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s dividend payout ratio (DPR) is -98.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SLG shares. Wells Fargo & Company lifted their target price on SL Green Realty from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Truist Financial increased their target price on shares of SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Morgan Stanley set a $52.00 target price on shares of SL Green Realty and gave the stock an “equal weight” rating in a report on Wednesday. Evercore cut shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price target for the company. in a research note on Monday, July 6th. Finally, LADENBURG THALM/SH SH upped their price target on shares of SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, SL Green Realty currently has a consensus rating of “Hold” and an average target price of $53.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in SL Green Realty by 83.0% in the 4th quarter. Invesco Ltd. now owns 310,982 shares of the real estate investment trust’s stock valued at $14,265,000 after buying an additional 141,060 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in SL Green Realty by 11.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,595 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 976 shares during the period. Empowered Funds LLC increased its holdings in SL Green Realty by 6.2% during the 4th quarter. Empowered Funds LLC now owns 6,220 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 361 shares during the period. Adelante Capital Management LLC bought a new stake in SL Green Realty during the 4th quarter valued at $4,441,000. Finally, Balyasny Asset Management L.P. bought a new stake in SL Green Realty during the 4th quarter valued at $3,547,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

More SL Green Realty News

Here are the key news stories impacting SL Green Realty this week:

• Positive Sentiment: SL Green reported Q2 2026 FFO of $1.43 per share, above estimates of $1.19, signaling stronger-than-expected operating performance. Article: SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company also raised FY 2026 EPS guidance to $5.60-$5.90, well above the consensus estimate of $4.61, which supports expectations for better full-year profitability. Article: SL Green Realty Corp. Reports Second Quarter 2026 EPS and FFO
• Positive Sentiment: SL Green signed a 98,000-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premium Manhattan office space and adding to its leasing pipeline. Article: SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Analysts turned more constructive, with Scotiabank boosting its price target to $56 and Mizuho saying the stock should rise, adding outside validation to the earnings-driven rally. Article: Scotiabank Boosts SL Green Realty Price Target
• Neutral Sentiment: Revenue of $171.85 million came in below the Street’s estimate of $179.01 million, partly offsetting the earnings beat. Reference: MarketBeat SLG earnings report
• Neutral Sentiment: Investors are also watching commentary around the company’s Q2 2026 earnings preview and key metrics, which may shape near-term sentiment but add little new upside by themselves. Article: Compared to Estimates, SL Green Q2 Earnings: A Look at Key Metrics

SL Green Realty Company Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.