SLG secures $1.65 billion refinancing for One Madison Avenue, boosting liquidity and advancing a broader $7 billion 2026 financing plan.
SLG is set to sell 7 Dey Street to GO Residential, keeping office space under its ownership as it draws strong demand.
SL Green Realty Corp.'s same-store occupancy rose 60 basis points to 93.0% as of the end of the fourth quarter, as demand for Class A Manhattan office space continues to grow. However, SLG's funds from operations per share fell to $1.13 from $1.81 a year ago, with the dividend set to move to quarterly payouts and a dividend cut likely when this happens. The SLG REIT faces $1.55 billion in 2025 debt maturities, likely requiring asset sales or refinancing with cash and cash equivalents of $155.7 million at the end of the fourth quarter.
SL Green Realty Corp. (SLG) Presents at Citi's Miami Global Property CEO Conference 2026 Transcript
SL Green (SLG) reported earnings 30 days ago. What's next for the stock?
SL Green Realty Corp. is well-positioned for Manhattan's real estate recovery, maintaining strong occupancy and executing major refinancing and asset disposition plans. SLG's Q4 FAD beat management expectations, but high interest expenses and a 99.5% dividend payout ratio recently highlighted ongoing financial pressures and uncertainty. Management remains optimistic about 2026–2027, projecting occupancy gains and business growth, while emphasizing a long-term, holistic approach to dividend policy.
Data-Driven Resilience: Manhattan office leasing hit 42.8 million square feet in 2025, the highest since 2019. Tightening Trophy Supply: Availability in Midtown trophy assets has plummeted to a near-record low of 3.7%. SLG Valuation Gap: Management sees an 8.5% implied cap rate versus private sales at much higher prices.
SL Green Realty Corp. (SLG) Q4 2025 Earnings Call Transcript
SLG tops Q4 FFO estimates as Manhattan leasing and rents improve, but rising interest expenses and weaker full-year results weigh on shares.
SL Green Realty faces renewed skepticism as its stock price weakens despite management's assertive acquisition strategy. Management has shifted from debt reduction to pursuing prime acquisitions. SLG's recent execution and business momentum suggest continued leadership within the office REIT sector.
The headline numbers for SL Green (SLG) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.13 per share, beating the Zacks Consensus Estimate of $1.1 per share. This compares to FFO of $1.45 per share a year ago.