One lease was a 29,166 square-foot renewal and expansion for insurance firm Ryan Specialty LLC, while other was a new, 27,508 square-foot lease with property management firm Solil Management LLC.
SLG's Manhattan leasing momentum strengthens as higher rents, rising occupancy and portfolio activity support second-quarter results.
SL Green Realty Corp. (SLG) Q2 2026 Earnings Call Transcript
SL Green Realty NYSE: SLG raised its 2026 funds from operations guidance sharply after what management described as a strong first half of the year, citing stronger leasing, improved economic occupancy, expense control and a recurring contribution tied to One Vanderbilt.
Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.43 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to FFO of $1.63 per share a year ago.
Demolition of the old Brooks Brothers building at 346 Madison Ave. and of next-door 11 E.
SLG shares climb 13% in three months as record Manhattan leasing, rising occupancy and portfolio moves support momentum.
SL Green Realty remains a Buy, with aggressive leasing, a solid portfolio, and risks already reflected in its valuation. SLG achieved record Q1 leasing and strong mark-to-market spreads, and expects same-store occupancy to reach 95% by year-end. A 20% dividend cut frees up ~$50 million for accretive uses, while refinancing efforts reduce borrowing costs and extend maturities.
SLG's Q1 2026 FFO misses estimates despite a revenue beat and record Manhattan leasing. Shares slide more than 2% after hours.
Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SL Green (SLG) came out with quarterly funds from operations (FFO) of $0.84 per share, missing the Zacks Consensus Estimate of $1.06 per share. This compares to FFO of $1.4 per share a year ago.