SL Green Realty (NYSE:SLG) Issues FY 2026 Earnings Guidance

SL Green Realty (NYSE:SLG) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 6.500-6.700 for the period, compared to the consensus EPS estimate of 5.690.

SL Green Realty Price Performance

Shares of NYSE:SLG traded up $1.07 on Friday, reaching $50.26. The company’s stock had a trading volume of 414,937 shares, compared to its average volume of 1,158,234. SL Green Realty has a 52-week low of $34.77 and a 52-week high of $60.09. The company has a market cap of $3.58 billion, a P/E ratio of -18.41, a PEG ratio of 3.80 and a beta of 1.66. The company has a 50-day simple moving average of $52.16 and a 200 day simple moving average of $49.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.10 and a current ratio of 3.10.

SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $1.26. The firm had revenue of $165.55 million for the quarter, compared to analysts’ expectations of $176.97 million. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.19%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. As a group, equities research analysts anticipate that SL Green Realty will post 5.68 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given 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 yield of 4.9%. SL Green Realty’s dividend payout ratio is -90.48%.

Wall Street Analyst Weigh In

SLG has been the subject of a number of recent research reports. LADENBURG THALM/SH SH lifted their target price on SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Wells Fargo & Company set a $56.50 target price on SL Green Realty and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Zacks Research lowered SL Green Realty from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen upgraded SL Green Realty from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. Finally, Barclays raised their price target on SL Green Realty from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, SL Green Realty has an average rating of “Hold” and a consensus target price of $55.15.

Insider Activity at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $57.71, for a total value of $1,333,851.23. Following the sale, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.94% of the company’s stock.

SL Green Realty News Roundup

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

• Positive Sentiment: Raised 2026 outlook: SL Green increased its full-year 2026 FFO guidance to $6.50–$6.70 per share, well above the approximately $5.69 consensus estimate. Net income guidance was also raised to $0.40–$0.60 per share, helped by expected gains from property transactions. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Strong leasing momentum: The REIT 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 the company’s improving outlook for its New York office portfolio. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
• Positive Sentiment: Property sales bolster liquidity: SL Green closed the sale of 10 East 53rd Street for $312.2 million, generating $99 million in net cash proceeds, and agreed 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: Mixed quarterly performance: Third-quarter net income was $1.01 per diluted share, up from $0.34 a year earlier, while FFO of $1.59 per share was essentially flat year over year and matched consensus. The earnings improvement was therefore driven largely by transactions rather than recurring operating growth.
• Negative Sentiment: Analyst caution: Zacks Research downgraded SLG from “strong buy” to “hold,” while J.P. Morgan also maintained a hold rating. These actions may limit upside as investors weigh the one-time nature of some earnings benefits and the REIT’s office-market exposure. SL Green Matches Q3 FFO Estimates

SL Green Realty Company Profile

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.