Quarterly ResultJul 23, 2026, 01:52 PM
SL Green Boosts 2026 FFO Guidance to $5.60-$5.90/Share
AI Summary
SL Green Realty Corp. reported its second quarter 2026 results, including a net loss of $(0.38) per share and FFO of $1.43 per share. The company significantly increased its full-year 2026 guidance, raising the FFO range to $5.60-$5.90 per share and net income guidance to $0.20-$0.50 per share. Operational highlights included signing 445,161 square feet of Manhattan office leases and a 4.3% increase in same-store cash NOI, alongside strategic property sales and a stock buyback.
Key Highlights
- Increased 2026 FFO guidance range to $5.60-$5.90 per share from $4.40-$4.70 per share.
- Increased 2026 net income guidance range to $0.20-$0.50 per share from $(0.27)-$0.03 per share.
- Reported Q2 2026 net loss attributable to common stockholders of $(0.38) per share.
- Reported Q2 2026 FFO of $1.43 per share.
- Signed 53 Manhattan office leases totaling 445,161 square feet in Q2 2026.
- Manhattan same-store cash NOI increased 4.3% for Q2 2026.
- Manhattan same-store office occupancy reached 94.7% as of June 30, 2026.
- Sold residential and retail components of 7 Dey Street for $222.6 million, receiving $23.7 million net cash.
Price Impact
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