SL Green Realty (NYSE:SLG) Announces FY 2026 Earnings Guidance

SL Green Realty (NYSE:SLG) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 6.500-6.700 for the period, compared to the consensus estimate of 5.690.

Wall Street Analyst Weigh In

SLG has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $60.00 price objective (up from $52.00) on shares of SL Green Realty in a research report on Monday, July 27th. Wall Street Zen raised SL Green Realty from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. Morgan Stanley set a $52.00 target price on shares of SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. UBS Group set a $60.00 target price on SL Green Realty in a research note on Monday, July 27th. Finally, Wells Fargo & Company set a $56.50 target price on SL Green Realty and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.15.

SL Green Realty Stock Performance

NYSE SLG traded down $0.23 on Friday, hitting $48.95. 95,489 shares of the company’s stock were exchanged, compared to its average volume of 1,156,427. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -17.96, a P/E/G ratio of 3.80 and a beta of 1.66. The firm’s 50-day moving average price is $52.16 and its two-hundred day moving average price is $49.29. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $60.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.10 and a quick ratio of 3.10.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $1.26. The firm had revenue of $165.55 million for the quarter, compared to the consensus estimate of $176.97 million. SL Green Realty had a negative return on equity of 3.19% and a negative net margin of 12.03%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. On average, research analysts expect that SL Green Realty will post 5.68 EPS for the current year.

SL Green Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.6175 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.47 dividend on an annualized basis and a yield of 5.0%. SL Green Realty’s payout ratio is currently -90.48%.

Insiders Place Their Bets

In other SL Green Realty news, insider Harrison Sitomer sold 23,113 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the transaction, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.94% of the company’s stock.

Key Stories Impacting SL Green Realty

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

• Positive Sentiment: 2026 guidance raised well above consensus. SL Green increased its 2026 FFO-per-share outlook to $6.50–$6.70, compared with the consensus estimate of $5.69. Net income guidance was also raised to $0.40–$0.60 per share. The company indicated that incremental income, including a property sale, contributed to the stronger outlook. SL Green Realty increases earnings guidance
• Positive Sentiment: Leasing momentum improved. SL Green signed 38 Manhattan office leases covering 591,108 square feet in the third quarter, while same-store office occupancy reached 95% including signed leases that have not yet commenced. This supports management’s view that demand for high-quality Manhattan office space is strengthening. SL Green reports third-quarter results and raises guidance
• Positive Sentiment: Quarterly earnings benefited from asset sales. Third-quarter net income attributable to common shareholders rose to $72.2 million, or $1.01 per share, from $24.9 million, or $0.34 per share a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million and contracted to sell 110 Greene Street for $226 million, with proceeds improving liquidity and supporting debt management.
• Neutral Sentiment: Underlying FFO was largely steady. Third-quarter FFO was $1.59 per share, essentially matching the $1.58 reported a year earlier and consensus expectations. Revenue increased year over year, but reported results were mixed relative to analyst estimates, making the guidance increase the primary market focus. SL Green matches third-quarter FFO estimates
• Negative Sentiment: Analyst sentiment weakened. Zacks Research downgraded SL Green from “strong buy” to “hold,” following a recent “hold” rating from J.P. Morgan. The higher earnings outlook also depends partly on potentially nonrecurring property-sale gains, which could make future operating performance less robust than the headline guidance suggests.

About SL Green Realty

SL Green Realty Corp. (NYSE: SLG) is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City’s prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.