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

SL Green Realty (NYSE:SLG) announced its earnings results on Wednesday. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $1.26, Zacks reports. The firm had revenue of $165.55 million for the quarter, compared to analyst estimates of $176.97 million. SL Green Realty had a negative return on equity of 4.37% and a negative net margin of 16.92%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS.

SL Green Realty Stock Performance

Shares of SLG opened at $46.73 on Thursday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of -17.12, a price-to-earnings-growth ratio of 3.83 and a beta of 1.66. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.05. SL Green Realty has a 52-week low of $34.77 and a 52-week high of $60.09. The stock has a 50 day moving average price of $52.33 and a 200 day moving average price of $49.19.

SL Green Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, September 30th. SL Green Realty’s dividend payout ratio (DPR) is -90.48%.

Insiders Place Their Bets

In other news, insider Harrison Sitomer sold 23,113 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 109,468 shares of the company’s stock, valued at approximately $6,317,398.28. The trade was a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SLG. JPMorgan Chase & Co. upped their price objective on shares of SL Green Realty from $51.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Piper Sandler set a $64.00 target price on shares of SL Green Realty and gave the company an “overweight” rating in a report on Monday, October 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of SL Green Realty in a research report on Tuesday, August 25th. Wells Fargo & Company set a $56.50 price target on SL Green Realty and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Finally, LADENBURG THALM/SH SH increased their target price on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.15.

SL Green Realty News Summary

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

• Positive Sentiment: SL Green reported third-quarter funds from operations (FFO) of $1.59 per share, essentially matching consensus and rising from $1.58 a year earlier. Revenue increased 10.6% year over year, while reported net income improved to $1.01 per share from $0.34. SL Green Realty Corp. Reports Third Quarter 2026 EPS and FFO
• Positive Sentiment: Management raised its 2026 earnings guidance, helped by incremental income described as a one-time benefit. The guidance increase initially supported investor sentiment, although the temporary nature of the income limits its long-term impact. SL Green rises despite Q3 miss after boosting 2026 earnings guidance
• Positive Sentiment: SUMMIT One Vanderbilt surpassed 10 million visitors during its fifth anniversary year, highlighting the strength of SL Green’s tourism and observatory business and providing a supportive ancillary revenue stream. SUMMIT One Vanderbilt Celebrates Fifth Anniversary
• Neutral Sentiment: J.P. Morgan assigned SL Green a Hold rating, indicating limited conviction that the recent earnings and guidance developments justify a stronger bullish view. SL Green Receives a Hold from J.P. Morgan
• Negative Sentiment: FFO merely met expectations rather than exceeded them, and the earnings-guidance increase was tied partly to one-off incremental income. Investors may therefore view the underlying improvement as modest.
• Negative Sentiment: Analysts continue to flag SL Green’s elevated debt, concentration in Manhattan office properties and intense competition. These risks may outweigh the company’s leasing momentum, higher rents and improving occupancy. Is it Wise to Retain SL Green Stock in Your Portfolio Now?

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.