SL Green Realty (NYSE:SLG) Releases Earnings Results, Beats Expectations By $1.26 EPS

SL Green Realty (NYSE:SLG) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $1.26, Zacks reports. SL Green Realty had a negative return on equity of 3.19% and a negative net margin of 12.03%. The firm had revenue of $165.55 million during the quarter, compared to analyst estimates of $176.97 million. During the same period last year, the company earned $1.58 EPS. SL Green Realty’s quarterly revenue was up 10.6% compared to the same quarter last year.

SL Green Realty Price Performance

Shares of SLG stock opened at $49.46 on Friday. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $60.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.10 and a current ratio of 3.10. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -18.12, a PEG ratio of 3.80 and a beta of 1.66. The stock’s 50-day simple moving average is $52.16 and its 200-day simple moving average is $49.29.

SL Green Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.6175 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.0%. SL Green Realty’s payout ratio is presently -90.48%.

Key Stories Impacting SL Green Realty

Here are the key news stories impacting SL Green Realty this week:

• Positive Sentiment: 2026 outlook raised: SL Green increased its full-year FFO guidance to $6.50–$6.70 per share and net-income guidance to $0.40–$0.60 per share. The higher outlook includes incremental income associated with a property sale. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Leasing momentum improved: SL Green signed 38 Manhattan office leases covering 591,108 square feet during the third quarter. Same-store office occupancy reached 95% as of September 30, including signed leases that have not yet commenced, supporting management’s upbeat outlook for its New York City portfolio. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
• Positive Sentiment: Strong reported earnings and asset monetization: Third-quarter net income attributable to common stockholders rose to $72.2 million, or $1.01 per diluted share, from $0.34 a year earlier. SL Green also closed the sale of 10 East 53rd Street for $312.2 million and contracted to sell 110 Greene Street for $226 million, with closing expected in the fourth quarter. SL Green Reports Q3 EPS and Raises Guidance
• Neutral Sentiment: FFO was essentially flat: Third-quarter FFO increased only slightly to $1.59 per share from $1.58 a year earlier and matched the consensus estimate. Reported revenue was below analyst expectations, making the raised guidance and leasing trends more important to the positive market reaction. SL Green Matches Q3 FFO Estimates
• Negative Sentiment: Rating pressure: Zacks Research downgraded SL Green from “strong buy” to “hold,” while J.P. Morgan also maintains a hold rating. These actions may limit upside as investors assess the sustainability of gains driven partly by property sales. Zacks Research Ratings

Insider Activity

In other SL Green Realty news, insider Harrison Sitomer sold 23,113 shares of SL Green Realty stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the completion of the sale, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. The trade was a 17.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

SLG has been the topic of a number of recent analyst reports. Citigroup reiterated a “buy” rating and issued a $60.00 target price (up from $45.00) on shares of SL Green Realty in a research note on Friday, July 24th. Barclays upped their price target on shares of SL Green Realty from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Piper Sandler set a $64.00 price target on shares of SL Green Realty and gave the stock an “overweight” rating in a research note on Monday, October 12th. Mizuho set a $53.00 price objective on shares of SL Green Realty in a report on Tuesday, September 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of SL Green Realty in a research report on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, SL Green Realty presently has an average rating of “Hold” and an average price target of $55.15.

About SL Green Realty

SL Green Realty Corp. (NYSE: SLG) is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City’s prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.