SL Green Realty Corp. (SLG)
SL Green Realty Corp. (SLG) Q3 2025 Earnings Call Transcript
SL Green Realty Corp. (NYSE:SLG ) Q3 2025 Earnings Call October 16, 2025 2:00 PM EDT Company Participants Marc Holliday - Interim President, Chairman & CEO Steven Durels - Executive VP and Director of Leasing & Real Property Matthew Diliberto - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Institutional Equities, Research Division John Kim - BMO Capital Markets Equity Research Anthony Paolone - JPMorgan Chase & Co, Research Division Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Blaine Heck - Wells Fargo Securities, LLC, Research Division Alexander Goldfarb - Piper Sandler & Co., Research Division Ronald Kamdem - Morgan Stanley, Research Division Seth Bergey - Citigroup Inc., Research Division Michael Lewis - Truist Securities, Inc., Research Division Vikram Malhotra - Mizuho Securities USA LLC, Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Brendan Lynch - Barclays Bank PLC, Research Division Presentation Operator Thank you, everybody, for joining us, and welcome to SL Green Realty Corp.'s Third Quarter 2025 Earnings Results Conference Call. This conference call is being recorded.
SL Green's Q3 FFO & Revenues Beat Estimates, Rental Rates Improve
SLG posts a solid third quarter with higher FFO and strong Manhattan leasing, while eyeing major office acquisitions to expand its portfolio.
SL Green (SLG) Q3 Earnings: Taking a Look at Key Metrics Versus 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 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SL Green (SLG) Surpasses Q3 FFO and Revenue Estimates
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.58 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to FFO of $1.13 per share a year ago.
SL Green's deal to buy the 36-story building in Midtown Manhattan shows momentum for desirable office space in prime locations is heating up
SL Green's deal to buy the 36-story building in Midtown Manhattan shows momentum for desirable office space in prime locations is heating up.
SL Green: More Stable, But Hard To Read Into Its Performance
SL Green Realty Corp. has seen its shares rebound from pandemic lows, aided by asset sales, deleveraging efforts, and lower interest rates. SLG's divestments, including stakes in 245 Park Avenue and 625 Madison Avenue, have reduced leverage but also shrunk the business, as recently the balance sheet is growing again. Occupancy rates have improved modestly, especially with financial sector tenants.
This REIT Is Set To Soar As Workers Return To The Office
I have to laugh when I hear the phrase “return to the office.”
After this quarter, SL Green's business is in good shape, says Jim Cramer
'Mad Money' host Jim Cramer talks what is going on with SL Green Realty stock.
SL Green Realty has been frustrating, says Jim Cramer
'Mad Money' host Jim Cramer talks what is going on with SL Green Realty stock.
SL Green Realty Books Investment Portfolio Gains, But Structural Pressures Remain
SL Green's Q2 beat was driven by investment portfolio gains, not core office operations, and FFO guidance was raised accordingly. Core office business faces ongoing but manageable headwinds; long-term leases and staggered maturities help cushion occupancy declines. NYC political risks are likely overstated due to limited mayoral powers and state-level checks on policy changes impacting real estate.
SL Green Realty: Demand For Space Radiating Outward
SL Green Realty's occupancy rates are climbing YoY as the company guided for further increases into the end of the year, driving revenues with decent rent pricing. Quite a lot of the pipeline is coming from markets that some quarters ago were considered very iffy in Midtown Manhattan, and the deals are broad-based and smaller. The market is looking healthier and more sustainable at the moment, with revenue growth onwards looking likely.
SL Green: Stock Is In A Holding Pattern
SL Green raised FFO guidance by $0.40 per share after a strong Q2. Despite planned Manhattan occupancy declines and political uncertainty, management expects occupancy to climb in 2024. SL Green's control of prime Manhattan locations sets it apart from other office REITs.
