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

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

SL Green Realty Stock Performance

SLG stock traded up $1.05 during trading on Friday, hitting $50.24. 1,277,767 shares of the company traded hands, compared to its average volume of 967,336. The stock’s 50-day simple moving average is $52.05 and its 200 day simple moving average is $49.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.92 and a quick ratio of 3.10. The company has a market cap of $3.57 billion, a PE ratio of -24.39, a P/E/G ratio of 3.98 and a beta of 1.66. SL Green Realty has a 1 year low of $34.77 and a 1 year high of $60.09.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, October 21st. 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. SL Green Realty had a negative return on equity of 3.18% and a negative net margin of 12.03%. The company had revenue of $165.55 million during the quarter, compared to the consensus estimate of $176.97 million. During the same period in the previous year, the company posted $1.58 earnings per share. SL Green Realty’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts expect that SL Green Realty will post 5.72 earnings per share for the current fiscal year.

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. The ex-dividend date was Wednesday, September 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.9%. SL Green Realty’s dividend payout ratio (DPR) is -90.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on SLG. 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 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 research report on Tuesday, September 1st. Citigroup reissued a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. BMO Capital Markets restated an “outperform” rating and issued a $60.00 price objective (up from $52.00) on shares of SL Green Realty in a research report on Monday, July 27th. Finally, Mizuho set a $53.00 price objective on SL Green Realty in a research report on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, SL Green Realty presently has an average rating of “Hold” and a consensus price target of $55.15.

Insider Activity at SL Green Realty

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

Trending Headlines about SL Green Realty

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.