SL Green Realty Corp ( (SLG) ) has released its Q3 earnings. Here is a breakdown of the information SL Green Realty Corp presented to its investors.
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SL Green Realty Corp., a leading real estate investment trust (REIT) and the largest office landlord in Manhattan, focuses on acquiring, managing, and maximizing the value of commercial properties in New York City. As of September 2025, the company holds interests in 53 buildings totaling 30.7 million square feet.
In its third-quarter 2025 earnings report, SL Green Realty Corp. announced a net income attributable to common stockholders of $0.34 per share, a significant turnaround from a net loss of $0.21 per share in the same period last year. The company also reported funds from operations (FFO) of $1.58 per share, up from $1.13 per share in the third quarter of 2024.
Key highlights from the report include the signing of 52 Manhattan office leases totaling 657,942 square feet in the third quarter of 2025, with a slight decrease in mark-to-market rents. The company also entered into contracts to purchase Park Avenue Tower and 346 Madison Avenue, indicating a strategic focus on expanding its portfolio. Additionally, SL Green completed a $1.4 billion refinancing of 11 Madison Avenue and recorded a net gain on discounted debt extinguishment of $57.2 million.
Looking ahead, SL Green Realty Corp. anticipates increasing its Manhattan same-store office occupancy to 93.2% by the end of 2025. The company’s management remains focused on strategic acquisitions and maintaining financial flexibility through refinancing and debt management, positioning SL Green for continued growth in the competitive New York real estate market.