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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded SL Green Realty from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. upped their price target on SL Green Realty from $51.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Scotiabank decreased their price objective on SL Green Realty from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Thursday, September 17th. Morgan Stanley set a $52.00 price objective on SL Green Realty and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research lowered SL Green Realty from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.15.

SL Green Realty Price Performance

Shares of NYSE SLG opened at $50.24 on Friday. The company has a 50 day simple moving average of $52.05 and a two-hundred day simple moving average of $49.29. 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 market capitalization of $3.57 billion, a price-to-earnings ratio of -24.39, a P/E/G ratio of 4.06 and a beta of 1.66. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.10 and a current ratio of 2.92.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $1.26. SL Green Realty had a negative return on equity of 3.18% and a negative net margin of 12.03%. The firm had revenue of $165.55 million for the quarter, compared to analysts’ expectations of $176.97 million. During the same period in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts expect that SL Green Realty will post 5.72 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.6175 dividend. 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 payout ratio is presently -119.90%.

Insider Activity

In other SL Green Realty news, insider Harrison Sitomer sold 23,113 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $57.71, for a total transaction 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 trade represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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: 2026 guidance was raised materially: SL Green now expects full-year earnings of $6.50–$6.70 per share, well above the $5.69 consensus estimate. Management attributed part of the improvement to incremental income from property transactions, including the planned sale of 110 Greene Street for $226 million. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Leasing momentum remained strong: The REIT signed 38 Manhattan office leases covering 591,108 square feet, while same-store office occupancy reached 95% at September 30, including leases that have not yet commenced. This supports management’s optimistic outlook for New York City office demand. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
• Positive Sentiment: Quarterly net income improved: Third-quarter net income attributable to common shareholders rose to $1.01 per share from $0.34 a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million, generating $99 million in net cash proceeds.
• Neutral Sentiment: Core FFO largely met expectations: Third-quarter FFO was $1.59 per share, nearly unchanged from $1.58 a year earlier and in line with the consensus estimate. Revenue increased year over year but was below analysts’ forecast, limiting the quarter’s underlying earnings upside. SL Green Matches Q3 FFO Estimates
• Negative Sentiment: Analyst sentiment weakened: Zacks Research downgraded SL Green from “strong buy” to “hold,” while J.P. Morgan also maintained a hold rating. The ratings may temper enthusiasm because the higher outlook depends partly on asset sales and other potentially nonrecurring income.

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.