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

SL Green Realty (NYSE:SLG) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.400-4.700 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Scotiabank set a $52.00 target price on shares of SL Green Realty and gave the stock a “sector outperform” rating in a report on Friday, March 13th. Barclays reduced their price target on SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group set a $37.00 price target on SL Green Realty and gave the company a “sell” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on SL Green Realty from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Eight 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, SL Green Realty currently has an average rating of “Hold” and a consensus target price of $51.45.

SL Green Realty Stock Down 1.8%

Shares of SL Green Realty stock opened at $40.86 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 1.05. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $66.91. The company has a market cap of $2.91 billion, a P/E ratio of -16.28 and a beta of 1.61. The company’s fifty day simple moving average is $38.58 and its two-hundred day simple moving average is $45.19.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, April 15th. The real estate investment trust reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.68) by ($0.52). The company had revenue of $166.00 million during the quarter, compared to analysts’ expectations of $179.09 million. SL Green Realty had a negative return on equity of 4.05% and a negative net margin of 15.77%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. SL Green Realty has set its FY 2026 guidance at 4.400-4.700 EPS. Research analysts anticipate that SL Green Realty will post 5.43 EPS for the current year.

SL Green Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.6175 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.47 annualized dividend and a yield of 6.0%. SL Green Realty’s dividend payout ratio (DPR) is -153.42%.

More SL Green Realty News

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

• Positive Sentiment: Leasing momentum: SL Green said Manhattan leasing set a quarterly record, signaling improving demand and occupancy trends in its core NYC portfolio. Leasing Article
• Positive Sentiment: High FY‑2026 EPS guidance: Management gave FY‑2026 EPS guidance of $4.40–$4.70, which is materially above current consensus and could imply significant recoveries or one‑time items later in the year. Guidance Slide Deck
• Neutral Sentiment: Revenue trend: Revenue rose ~5.5% year‑over‑year to $166.0M, showing underlying growth in leasing and operations even as analysts focused on other shortfalls. Press Release
• Neutral Sentiment: Call/transcript available: The earnings call transcript and management comments are posted (useful for parsing drivers behind guidance and asset sales). Earnings Call Transcript Yahoo Transcript
• Negative Sentiment: FFO miss: Funds from operations (FFO) were $0.84/share vs. consensus around $1.06, a key metric for REIT valuation that disappointed investors. FFO Miss
• Negative Sentiment: GAAP earnings and profit miss: SLG reported a net loss of ($1.20)/share vs. an expected ($0.68), and revenue missed some street estimates — immediate headline metrics that pressured the stock. Earnings Snapshot
• Negative Sentiment: Market reaction and guidance skepticism: Despite the upbeat guidance, the combination of the FFO/earnings misses and questions about timing/quality of projected gains led to downside pressure — Zacks noted shares slid after hours. Market Reaction

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of SL Green Realty in the 3rd quarter valued at approximately $45,000. Cibc World Markets Corp purchased a new stake in SL Green Realty in the fourth quarter worth $218,000. Alps Advisors Inc. bought a new position in SL Green Realty in the fourth quarter worth $225,000. DRW Securities LLC purchased a new position in SL Green Realty during the fourth quarter valued at $229,000. Finally, Brevan Howard Capital Management LP purchased a new position in SL Green Realty during the third quarter valued at $245,000. Institutional investors own 89.96% of the company’s stock.

About SL Green Realty

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.