Quarterly ResultAug 6, 2026, 05:03 PM
SL Green Q2 Net Loss Widens to $(26.5)M; YTD Loss $(110.9)M
AI Summary
SL Green Realty Corp. reported a widening net loss for the second quarter and first half of 2026. The net loss attributable to common stockholders increased to $(26.5) million for Q2 2026 and $(110.9) million for the six months ended June 30, 2026. Despite an increase in total revenues, higher operating expenses, interest expenses, and significant depreciable real estate reserves contributed to the increased losses. The company also reported an increase in total assets and liabilities, alongside common stock repurchases.
Key Highlights
- Net loss attributable to common stockholders for Q2 2026 was $(26.5) million, compared to $(11.1) million in Q2 2025.
- Basic loss per share for Q2 2026 was $(0.38), compared to $(0.16) in Q2 2025.
- Total revenues for Q2 2026 increased to $264.0 million from $241.9 million in Q2 2025.
- Net loss attributable to common stockholders for the six months ended June 30, 2026, was $(110.9) million, compared to $(32.2) million in the prior year period.
- Total assets increased to $11.81 billion as of June 30, 2026, from $11.08 billion at December 31, 2025.
- Net cash provided by operating activities for the six months ended June 30, 2026, was $70.4 million, up from $61.2 million in the prior year period.
- The company repurchased $14.1 million of common stock during the first six months of 2026.
Price Impact
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