Quarterly ResultOct 22, 2026, 01:51 PM
SL Green Q3 EPS $1.01; FFO $1.59; Raises 2026 Guidance
AI Summary
SL Green Realty Corp. announced its third quarter 2026 financial results, reporting a significant increase in net income to $1.01 per share from $0.34 in the prior year, and FFO of $1.59 per share, slightly up from $1.58. The company raised its full-year 2026 guidance for both FFO and net income, reflecting strong leasing activity and property sales. Key highlights include robust leasing in Manhattan, with mark-to-market increases, and strategic property transactions including a new sale contract and a recently closed sale.
Key Highlights
- SL Green reported Q3 2026 net income of $1.01 per share, up from $0.34 in Q3 2025.
- Q3 2026 FFO was $1.59 per share, a slight increase from $1.58 in Q3 2025.
- 2026 FFO guidance increased to $6.50-$6.70 per share from $5.60-$5.90.
- 2026 net income guidance increased to $0.40-$0.60 per share from $0.20-$0.50.
- Signed 38 Manhattan office leases totaling 591,108 sq ft in Q3 2026.
- Manhattan same-store cash NOI increased 5.0% in Q3 2026.
- Entered contract to sell 110 Greene Street for $226.0 million.
- Closed on sale of 10 East 53rd Street for $312.2 million.
Price Impact
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