SL Green raises 2026 FFO guidance to $5.60-$5.90 per share from $4.40-$4.70 per share
Company lifts 2026 net income guidance to $0.20-$0.50 per share from $(0.27)-$0.03 per share
SL Green expects Manhattan same-store office occupancy to reach 95.0% by Dec. 31, 2026
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for SL Green Realty Corp is $52.00, about 2.3% above its July 21 closing price of $50.82
Quarterly figures
Metric
Actual
Q2 Loss Per Share
$0.38
Q2 Net Loss
$26.50 mln
Q2 FFO
$109.58 mln
Q2 FFO Per Share
$1.43
Q2 results and key drivers
US office landlord's Q2 net loss widened year-over-year
Q2 FFO per share fell from prior year, which included a large one-time gain
Company raised 2026 FFO and net income guidance, citing higher NOI and One Vanderbilt income
Manhattan same-store cash NOI rose 4.3% in Q2, driven by higher rental revenue and improved occupancy. Signed Manhattan office leases in Q2 at rents 18% above previous fully escalated rents on same spaces.
Manhattan same-store office occupancy increased to 94.7% as of June 30, 2026, inclusive of leases signed but not yet commenced.
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