SL Green Q2 FY26 net loss widens to $0.38 a share; revenue rises to $264 million
SLG•Full-year guidance
- SL Green raised full-year FFO guidance to $5.6 to $5.9 a share, citing $0.4 a share of higher NOI and $0.8 a share from One Vanderbilt.
Operating performance
- Manhattan same-store cash NOI excluding lease termination income increased 4.3% to $159.05 million.
- Same-store office occupancy rose to 94.7%.
Q2 results and revenue
- SL Green posted a Q2 net loss attributable to common stockholders of $26.5 million, or $0.38 a share, widening from a year earlier.
- FFO fell to $1.43 a share; the year-ago period included $46.6 million tied to a commercial mortgage investment resolution.
- Total revenue rose 9.13% to $264 million, while operating income edged up 2.07% to $127.04 million.
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