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An announcement from SL Green Realty ( (SLG) ) is now available.
SL Green Realty Corp. reported a net loss attributable to common stockholders of $84.4 million, or $1.20 per share, for the first quarter of 2026, widening from a $21.1 million loss, or $0.30 per share, a year earlier, while funds from operations fell to $0.84 per share from $1.40, partly due to the absence of prior-year one-time income. Despite weaker earnings, the company reaffirmed its 2026 FFO guidance and highlighted robust operating momentum, including record first-quarter Manhattan office leasing of 929,264 square feet at sharply higher rents, a rise in same-store cash NOI and occupancy to 94.4% as of March 31, 2026, strategic property sales, a $1.65 billion refinancing of One Madison Avenue, a large-scale extension and cost reduction of its $2.0 billion corporate credit facility, and a 2026 common dividend level aimed at preserving liquidity for future investments.
In March 2026, SL Green entered a contract to sell the residential and retail components of 7 Dey Street for $222.6 million while retaining the office condominium, and in February it sold 690 Madison Avenue, generating $48.5 million in cash proceeds. The company also executed major leases with tenants such as Clay Labs Inc., a global investment firm and Harvey AI Corporation, supporting higher mark-to-market rents, and declared first-quarter 2026 dividends on its common and preferred stock to return capital to shareholders while maintaining flexibility for discounted debt repurchases, share buybacks or ongoing development projects.
The most recent analyst rating on (SLG) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on SL Green Realty stock, see the SLG Stock Forecast page.
Spark’s Take on SLG Stock
According to Spark, TipRanks’ AI Analyst, SLG is a Neutral.
The score is held back primarily by weakened financial quality—especially zero reported operating/free cash flow in 2025 and higher leverage—despite some operational improvement. Technicals remain soft with the stock below key longer-term averages. Offsetting factors include a high dividend yield and a constructive earnings-call outlook driven by leasing momentum and NOI guidance, with mixed but generally supportive corporate updates.
To see Spark’s full report on SLG stock, click here.
More about SL Green Realty
SL Green Realty Corp., a New York-based real estate investment trust, focuses on owning, managing and leasing premier office properties in Manhattan. The company generates revenue primarily from rental income and related property operations, with a growing emphasis on high-rent, long-term leases in Class A office buildings and selective asset sales and financings to optimize its portfolio and balance sheet.
Average Trading Volume: 1,417,096
Technical Sentiment Signal: Sell
Current Market Cap: $3.16B
For an in-depth examination of SLG stock, go to TipRanks’ Overview page.