What SL Green Realty (SLG) Said on Its Q3 Earnings Call
SL Green Realty NYSE: SLG said its third-quarter performance reflected continued strength in Manhattan's office leasing market, as the company surpassed 2 million square feet of leasing year to date and lifted leased occupancy to 95%.
SL Green: Beating Market Expectations Yet Again
SL Green Realty Corp. leverages prime New York City locations and disciplined sales to outperform peers, especially during market downturns. SLG's management consistently executes on sales plans, often surprising the market and driving upward stock reactions even in challenging environments. Quarterly earnings were a slight miss, but guidance was raised due to a material, though unpredictable, property sale.
SL Green Realty Corp. (SLG) Q3 2026 Earnings Call Transcript
SL Green Realty Corp. ( SLG ) Q3 2026 Earnings Call October 22, 2026 2:00 PM EDT Company Participants Marc Holliday - Chairman & CEO Steven Durels - Executive VP and Director of Leasing & Real Property Matthew Diliberto - Chief Financial Officer Harrison Sitomer - President & Chief Investment Officer Conference Call Participants Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Steve Sakwa - Evercore ISI Institutional Equities, Research Division Peter Abramowitz - Deutsche Bank AG, Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Blaine Heck - Wells Fargo Securities, LLC, Research Division John Kim - BMO Capital Markets Equity Research Anthony Paolone - JPMorgan Chase & Co, Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Jana Galan - BofA Securities, Research Division Annabelle Ayer - Barclays Bank PLC, Research Division Ronald Kamdem - Morgan Stanley, Research Division Seth Bergey - Citigroup Inc., Research Division Michael Lewis - Truist Securities, Inc., Research Division Presentation Operator Thank you, everybody, for joining us, and welcome to SL Green Realty Corp.'s Third Quarter 2026 Earnings Results Conference Call. This conference call is being recorded.
SL Green (SLG) Matches Q3 FFO Estimates
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.59 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $1.58 per share a year ago.
SL Green (SLG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for SL Green (SLG) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SL Green putting finishing touches on $225M facelift at 245 Park Ave.
The project includes a new wraparound public plaza, a striking new Park Avenue podium facade by KPF, lavish tenant amenities and, soon, a restaurant from John Meadow's LDV Hospitality.
SL Green: Leasing Momentum Creates Upside (Upgrade)
SL Green is upgraded to 'Buy' as NYC office fundamentals strengthen and shares trade at an attractive FFO yield. SLG exceeded leasing targets, achieving a 16% increase in lease rates and strong demand for Class A Manhattan properties. Balance sheet risk is moderating, with major asset sales and refinancing reducing near-term maturities and improving debt metrics.
SL Green Realty Corp. (SLG) Presents at BofA NY Global Real Estate Conference 2026 Transcript
SL Green Realty Corp. (SLG) Presents at BofA NY Global Real Estate Conference 2026 Transcript
SL Green's Leasing Momentum Strengthens Across Manhattan Offices
SLG's Manhattan leasing momentum remains strong, with 1.76 million square feet signed and rents up 15.8% as demand stays healthy.
SL Green to Sell 110 Greene Street in SoHo for $226 million
SLG is set to sell 110 Greene Street for $226 million, with net proceeds earmarked to repay unsecured corporate debt.
SL Green's Manhattan Office Leasing Momentum Is Not Being Fully Appreciated
SL Green Realty posted a same-store occupancy of 94.7% in its fiscal 2026 second quarter, up 30 basis points sequentially, with guidance to reach 95.0% by year-end. The REIT beat on both revenue and FFO, with revenue growing by 9.1% over its year-ago comp and FFO beating consensus by $0.23 at $1.43 per share. SLG is trading at a 9.55x multiple against the midpoint of its 2026 FFO guidance range, which is cheaper than the broad REIT average as leasing continues to move up.
SL Green: Struggling To Get Along
SL Green earns a Hold rating as FFO growth remains elusive despite a 16% YTD return and a compelling 4.6% yield. SLG's office-centric Manhattan portfolio boasts high-quality assets and strong tenant diversification, but rising interest expense and lower DPE income pressure results. Q2 FFO guidance surprised the market, with management raising the midpoint substantially, changing the profile to nearly 7% FFO growth this year.
