| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 253.08 | 5.5% |
| Total Income | 253.08 | 5.5% |
| Expenditure | 107.81 | 3.8% |
| PBT | — | |
| Net Profit | -80.65 | 365.1% |
| OPM | 57.40% | 0.69pp |
| NPM | -31.87% | 24.64pp |
| EPS | -1.20 | 300.0% |
SL Green Reports First Quarter 2026 Results
16 Apr 2026 · 16 Apr, 11:13 pm
Summary
SL Green Realty Corp. reported its First Quarter 2026 results, noting a net loss attributable to common stockholders. During the quarter, the company signed numerous Manhattan office leases, contributing to a total of 540,027 square feet. Management anticipates an increase in Manhattan same-store occupancy for the rest of 2026. The company also completed a contract to sell residential and retail components, retaining ownership of the retail condominium.
Key Highlights
- 1
The Company reported a net loss of $84,391 attributable to common stockholders for the first quarter of 2026.
- 2
During the first quarter of 2026, the Company signed 51 Manhattan office leases totaling 540,027 square feet.
- 3
The Company expects to increase Manhattan same-store occupancy throughout the remainder of the year.
- 4
A new expansion lease was signed with the Visiting Nurse Service Corp for 38,037 square feet at 1185 Avenue of the Americas.
- 5
The Company will retain ownership of the 26,000 square foot retail condominium and receive net cash proceeds to the Company of $48.5 million from the sale of residential and retail components.
- 6
The Company refinanced, extended and reduced the overall borrowing cost on its $1.25 billion unsecured corporate credit facility.
- 7
The Company declared an ordinary dividend on its common stock for 2026 of $2.47 per share.
Informational and educational content only. Not investment advice.