Earnings summaries and quarterly performance for SL GREEN REALTY.
Executive leadership at SL GREEN REALTY.
Board of directors at SL GREEN REALTY.
Research analysts who have asked questions during SL GREEN REALTY earnings calls.
Alexander Goldfarb
Piper Sandler
7 questions for SLG
Also covers: ALEX, ALX, AVB +25 more
John Kim
BMO Capital Markets
7 questions for SLG
Also covers: AIV, ALX, ARDX +32 more
RK
Ronald Kamdem
Morgan Stanley
7 questions for SLG
Also covers: AAT, ADC, AHR +37 more
CB
Caitlin Burrows
Goldman Sachs
6 questions for SLG
Also covers: ALX, BNL, BRX +19 more
Nicholas Yulico
Scotiabank
6 questions for SLG
Also covers: AHR, ALX, AVB +20 more
PA
Peter Abramowitz
Jefferies
5 questions for SLG
Also covers: AHH, ARE, BXP +14 more
Seth Bergey
Citi
5 questions for SLG
Also covers: AHR, BDN, BXP +16 more
Steve Sakwa
Evercore ISI
5 questions for SLG
Also covers: ALX, AMH, AVB +31 more
VM
Vikram Malhotra
Mizuho Financial Group, Inc.
5 questions for SLG
Also covers: ALX, ARE, BXP +17 more
AP
Anthony Paolone
JPMorgan Chase & Co.
4 questions for SLG
Also covers: ARE, AVB, BDN +30 more
Blaine Heck
Wells Fargo Securities
4 questions for SLG
Also covers: BXP, CDP, COLD +13 more
Brendan Lynch
Barclays
4 questions for SLG
Also covers: BXP, CCI, CUBE +18 more
ML
Michael Lewis
Truist Securities, Inc.
4 questions for SLG
Also covers: ALX, BDN, BXP +12 more
OO
Omotayo Okusanya
Deutsche Bank AG
3 questions for SLG
Also covers: AMH, ARE, AVB +42 more
BM
Blaine M. Heck
Wells Fargo
2 questions for SLG
Jeffrey Spector
BofA Securities
2 questions for SLG
Also covers: AKR, AMH, AVB +25 more
Michael Griffin
Citigroup Inc.
2 questions for SLG
Also covers: AHR, ALX, ARE +33 more
JG
Jana Galan
Bank of America
1 question for SLG
Also covers: ADC, AHH, AVB +21 more
MA
Manush Abek
Evercore ISI
1 question for SLG
ML
Mike Lewis
Truist Securities
1 question for SLG
Viktor Fediv
Scotiabank
1 question for SLG
Also covers: AHH, BRX, FR +3 more
Recent press releases and 8-K filings for SLG.
SL Green Realty Corp. Reports Q4 and Full-Year 2025 Results, Announces Strategic Investments and Dividend Policy Change
SLG
Earnings
New Projects/Investments
Dividends
- SL Green Realty Corp. reported a net loss attributable to common stockholders of $104.6 million, or $1.49 per share, for the fourth quarter ended December 31, 2025, compared to a net income of $9.4 million, or $0.13 per share, for the same period in 2024.
- Funds from Operations (FFO) for Q4 2025 were $86.2 million, or $1.13 per share, down from $131.9 million, or $1.81 per share, in Q4 2024. For the full year 2025, FFO was $437.7 million, or $5.72 per share, compared to $569.8 million, or $8.11 per share, in 2024.
- In investment activity, the company closed on the purchase of Park Avenue Tower for $730.0 million in January 2026 and sold a 49.0% joint venture interest in 100 Park Avenue for a gross asset valuation of $425.0 million in December 2025, generating $34.9 million in cash proceeds.
- The company declared two monthly ordinary dividends of $0.2575 per share in Q4 2025 and announced a modification to its dividend policy, shifting to quarterly payments beginning in fiscal year 2026.
Jan 29, 2026, 7:00 PM
SL Green Reports Strong Q4 2025 Results and Outlines 2026 Strategic Plans
SLG
Earnings
Guidance Update
New Projects/Investments
- SL Green reported a Q4 2025 FFO beat of $0.02 per share and a full-year FAD beat of $65 million, with $20 million occurring in Q4.
- The company achieved almost 800,000 sq ft of Manhattan office leasing in Q4 2025, contributing to an annual total of 2.6 million sq ft. Same-store lease occupancy ended 2025 at 93%, with a 2026 objective of 94.8% by year-end.
- SL Green is progressing with its $7 billion refinance plan and $2.5 billion disposition plan for 2026, expecting transaction volume in 2026 to exceed $23 billion from the previous year.
- The company projects generating over $100 million in fee revenue from institutional investors and plans to launch a new fund for senior credit lending in 2026, with current debt fund deployment tracking at $150 million-$175 million per quarter.
Jan 29, 2026, 7:00 PM
SL Green Realty Corp. Reports Strong Q4 2025 Results and Positive 2026 Outlook
SLG
Earnings
Guidance Update
New Projects/Investments
- SL Green Realty Corp. reported a $0.02 per share FFO beat for Q4 2025, driven by higher net operating income (NOI), improved hospitality business contribution, and lower general and administrative (G&A) expenses. The company also exceeded its initial FAD guidance for 2025 by $65 million, with nearly $20 million of that outperformance occurring in Q4 2025.
- The company achieved 93% same-store lease occupancy by the end of 2025, an increase of almost 400 basis points from Q1 2024 lows, and aims for 94.8% by the end of 2026. Q4 2025 saw almost 800,000 sq ft of Manhattan office leasing, contributing to an annual total of 2.6 million sq ft.
- Management anticipates 2026 to be a strong year for the commercial office sector, supported by plans to execute a $7 billion refinancing strategy and a $2.5 billion disposition plan. There is strong global investor appetite for New York City assets, with 2026 transaction volume projected to exceed $23 billion.
Jan 29, 2026, 7:00 PM
SL Green Reports Strong Q4 2025 Performance and Positive 2026 Outlook
SLG
Earnings
Guidance Update
New Projects/Investments
- SL Green reported a $0.02 per share FFO beat and exceeded FAD guidance by $65 million for Q4 2025, driven by higher net operating income and lower general and administrative expenses.
- The company achieved 93% same-store lease occupancy by the end of 2025, an increase of almost 400 basis points since Q1 2024, and targets 94.8% by the end of 2026.
- SL Green is executing a $7 billion financing strategy and a $2.5 billion disposition plan for 2026, noting strong global investor interest in New York City commercial office properties.
- The New York City business economy experienced an 8.5% increase in tax collections in 2025, with 2026 projected as an amazing year for the commercial office sector, supported by significant demand from tech and AI tenants.
Jan 29, 2026, 7:00 PM
SL Green Realty Corp. Reports Fourth Quarter and Full Year 2025 Results
SLG
Earnings
New Projects/Investments
Dividends
- SL Green Realty Corp. reported a net loss attributable to common stockholders of $1.49 per share for the fourth quarter of 2025 and $1.61 per share for the full year ended December 31, 2025. Funds from operations (FFO) were $1.13 per share for the fourth quarter of 2025 and $5.72 per share for the full year 2025.
- The company signed 56 Manhattan office leases totaling 766,783 square feet in the fourth quarter of 2025, with a mark-to-market increase of 6.4% over previous rents. Manhattan same-store office occupancy increased to 93.0% as of December 31, 2025.
- In January 2026, SL Green closed on the acquisition of Park Avenue Tower for $730.0 million. The company also purchased 346 Madison Avenue and an adjacent site for $160.0 million and sold a 49.0% joint venture interest in 100 Park Avenue for a gross asset valuation of $425.0 million.
- Effective fiscal year 2026, ordinary dividends will be declared and paid quarterly rather than monthly.
Jan 29, 2026, 6:43 PM
SL Green Realty Corp. Reports Q4 and Full Year 2025 Financial Results
SLG
Earnings
New Projects/Investments
Debt Issuance
- SL Green Realty Corp. reported a net loss attributable to common stockholders of $1.49 per share for the fourth quarter of 2025 and $1.61 per share for the full year ended December 31, 2025, compared to net income in the same periods of 2024.
- Funds from operations (FFO) were $1.13 per share for the fourth quarter of 2025 and $5.72 per share for the full year 2025.
- The company signed 56 Manhattan office leases totaling 766,783 square feet in the fourth quarter of 2025, with a 6.4% mark-to-market increase on signed leases, and Manhattan same-store office occupancy increased to 93.0% as of December 31, 2025.
- In January 2026, SL Green closed on the acquisition of Park Avenue Tower for $730.0 million, financed with a new $480.0 million mortgage, and also sold a 49.0% joint venture interest in 100 Park Avenue for a gross asset valuation of $425.0 million.
- The company's special servicing business increased by $0.7 billion in active assignments, now totaling $8.4 billion.
Jan 28, 2026, 9:05 PM
SL Green Closes Acquisition of Park Avenue Tower
SLG
M&A
Debt Issuance
New Projects/Investments
- SL Green Realty Corp. has completed the acquisition of Park Avenue Tower for $730.0 million.
- The acquisition was financed with a new, five-year, fixed rate $480.0 million mortgage, hedged to an effective rate of 5.25%.
- Park Avenue Tower is a 621,824 square foot, Class A office building located at 65 East 55th Street.
- This acquisition is part of SL Green's 2026 capital markets strategy to fortify its presence on Park Avenue.
Jan 15, 2026, 12:30 PM
SL Green and Rockpoint Announce Joint Venture for 100 Park Avenue Ownership
SLG
New Projects/Investments
M&A
- SL Green Realty Corp. and Rockpoint have formed a joint venture for the ownership of 100 Park Avenue, with SL Green selling a 49% interest to Rockpoint at a gross asset valuation of $425.0 million.
- 100 Park Avenue is a 36-story, 905,000-square-foot office tower in Midtown Manhattan, and this transaction marks Rockpoint's first significant post-COVID office investment.
- As of September 30, 2025, SL Green held interests in 53 buildings totaling 30.7 million square feet.
Jan 6, 2026, 12:30 PM
SL Green Outlines Strategic Shift to Asset Management and Strong 2025 Leasing Performance
SLG
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- SL Green is undergoing a strategic shift towards an asset management business model, aiming to generate reliable, recurring cash flows and grow its fee structure faster than Net Operating Income (NOI). The company projects annual gross fees to increase from over $100 million to $150 million or $200 million over the next few years.
- The company reported strong leasing performance in 2025, exceeding its target by signing 2.3 million sq ft of leases year-to-date and expecting to reach 2.6 million sq ft by year-end. Manhattan same-store occupancy is projected to be 93.2%.
- SL Green anticipates significant financial improvements in the coming years, including a projected $545 million of NOI at share from its stabilized office portfolio in 2026 , a $1.2 billion debt reduction goal , and a $33 million lower interest expense in 2027 compared to 2026.
- The company plans to optimize its portfolio by exiting its suburban assets and monetizing residential properties in 2026. Its Summit One Vanderbilt asset is expected to generate $145 million in revenues and $64 million in profit before rent.
Dec 5, 2025, 3:00 PM
SL Green Outlines Strategic Shift to Asset Management, Strong Leasing Performance, and 2026 FFO Guidance
SLG
Guidance Update
New Projects/Investments
Debt Issuance
- SL Green is transitioning its business model to focus on asset management, aiming to generate $150-$200 million annually in gross fees over the next few years, with $131 million of revenue projected for 2026 from these streams, contributing $96 million to FFO.
- The company exceeded its 2025 leasing target, signing 2.3 million sq ft of leases and expecting to reach 2.6 million sq ft by year-end, driven by strong tenant demand and tightening market conditions in Manhattan, with Class A availability at 12%.
- SL Green provided 2026 FFO guidance of $4.40-$4.70 per share and expects to reduce corporate unsecured debt by over $700 million and total debt by almost $1.2 billion, leading to a projected $33 million reduction in interest expense in 2027 compared to 2026.
- The real estate portfolio's GAAP Net Operating Income (NOI) is projected to be $808 million in 2026, a $24 million increase from 2025, with same-store cash NOI growth expected to exceed 10% in 2027.
Dec 5, 2025, 3:00 PM
Quarterly earnings call transcripts for SL GREEN REALTY.
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