SL Green Realty (NYSE:SLG) Announces Earnings Results

SL Green Realty (NYSE:SLG) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $2.07, Zacks reports. The firm had revenue of $171.85 million for the quarter, compared to analyst estimates of $179.01 million. SL Green Realty had a negative net margin of 15.77% and a negative return on equity of 4.06%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. SL Green Realty updated its FY 2026 guidance to 5.600-5.900 EPS.

SL Green Realty Price Performance

Shares of SLG opened at $50.11 on Thursday. The firm has a market capitalization of $3.58 billion, a PE ratio of -19.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 3.03. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $66.29. The company’s 50-day moving average is $48.45 and its 200-day moving average is $44.02.

SL Green Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.6175 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.47 annualized dividend and a dividend yield of 4.9%. SL Green Realty’s dividend payout ratio is presently -98.41%.

Analyst Upgrades and Downgrades

SLG has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of SL Green Realty from $38.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley set a $52.00 price target on SL Green Realty and gave the company an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Scotiabank reaffirmed an “outperform” rating and set a $56.00 price objective (up from $53.00) on shares of SL Green Realty in a research report on Tuesday. Finally, LADENBURG THALM/SH SH increased their price objective on SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.30.

SL Green Realty News Summary

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

• Positive Sentiment: SL Green reported second-quarter FFO of $1.43 per share, beating estimates of $1.19, and also delivered revenue above expectations, signaling stronger-than-expected core earnings for the office REIT. SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company updated FY 2026 EPS guidance to $5.60-$5.90, which is well above the consensus estimate of $4.61 and suggests management sees improving earnings momentum ahead.
• Positive Sentiment: SL Green also announced a 98,420-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premier Manhattan office space and supporting its leasing pipeline. SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Scotiabank raised its price target on SLG to $56 from $53 and kept an outperform rating, reflecting a constructive view on the stock’s near-term upside.
• Neutral Sentiment: Despite the earnings beat, SL Green still reported a net loss of $0.38 per share and negative margins, so investors may be cautious about the pace of a full recovery. SL Green Realty Corp. Reports Second Quarter 2026 EPS of ($0.38) per Share; and FFO of $1.43 per Share
• Neutral Sentiment: Mizuho also lifted its target to $46, but kept a neutral rating, indicating analysts remain divided on valuation after the recent run-up.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of SL Green Realty by 1.0% during the second quarter. State Street Corp now owns 4,257,874 shares of the real estate investment trust’s stock worth $264,636,000 after buying an additional 41,873 shares in the last quarter. Alyeska Investment Group L.P. increased its position in SL Green Realty by 25.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,041,226 shares of the real estate investment trust’s stock worth $139,501,000 after acquiring an additional 617,488 shares during the period. Charles Schwab Investment Management Inc. increased its position in SL Green Realty by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,561,121 shares of the real estate investment trust’s stock worth $71,609,000 after acquiring an additional 32,779 shares during the period. Northern Trust Corp raised its stake in SL Green Realty by 3.7% in the 3rd quarter. Northern Trust Corp now owns 1,543,987 shares of the real estate investment trust’s stock worth $92,346,000 after purchasing an additional 54,890 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in SL Green Realty by 535.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,107,618 shares of the real estate investment trust’s stock valued at $50,806,000 after purchasing an additional 933,272 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

SL Green Realty Company Profile

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.