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Sl Green Realty Corp. (SLG)
NYSE:SLG
Earnings Data
Report Date
Apr 22, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.73Last Year’s EPS
-0.3Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed an optimistic operational and capital-markets narrative: strong leasing momentum (large quarterly and annual leasing totals), sector-leading occupancy gains, an active $7 billion financing plan benefiting from tightening spreads, robust global investor demand, and FFO/FAD outperformance. Key near-term risks center on timing (economic occupancy recognition, back-half-weighted disposition plan), some elevated concessions/tenant improvement dynamics, and one-time Summit costs. Overall, the positives — durable leasing, improving NOI trajectory, significant financing and equity activity, and expanding fee income platform — materially outweigh the execution and timing risks discussed.Company Guidance
FFO and FAD Outperformance
Reported an FFO beat of $0.02 per share for the quarter. Management also noted beating initial FAD guidance by $65 million (almost $20 million of that in Q4).
Occupancy Gains — Sector Leading Performance
Same-store leased occupancy ended the year at 93.0%, up ~400 basis points from the lows at the end of 2024; company target of 94.8% same-store occupancy by year-end 2026 and an average economic occupancy metric disclosed (86.7% year-end 2025).
Robust Leasing Volume
Closed ~800,000 square feet of Manhattan office leasing in Q4, 2.6 million square feet for the year, and nearly 8.0 million square feet over three years. Management reported 142,000 square feet signed in January and a leasing pipeline >1,000,000 square feet (≈800,000 sq ft in active negotiations).
Same-Store NOI Guidance and Outlook
Company reiterated same-store NOI guidance implying growth of ~3.5%–4.5% for the year (management also referenced stronger NOI acceleration into 2027, with commentary implying ~10%+ potential in 2027).
Capital Markets Momentum and Financing Plan
Announced a $7 billion financing strategy for 2026 (≈$5 billion of targeted refinancings including 1 Madison Ave, 245 Park Ave, and corporate credit facility). Recent Park Avenue Tower financing priced at ~1.58% spread at full proceeds ask with AAA tranches (over 50% of the deal) as tight as 112 basis points over Treasuries; management highlighted room for further tightening versus pre-2019 AAA levels (~60 bps).
Equity and JV Activity — 100 Park Realized Premium
Closed partnership monetization with Rockpoint at 100 Park, realizing a substantial premium from acquisition ~11 months prior; Rockpoint returned as a major partner (their first large office deal in six years), and management has four additional transactions in process in a $2.5 billion plan.
Global Investor Demand
Management reported strong, broad-based inbound interest from Asia, Canada, Europe and the Middle East for NYC office investment and capital deployment, citing New York as a differentiated, attractive market for both debt and equity investors.
Platform and Fee Income Growth
Management emphasized growth of the asset-management and funds platform: expect >$100 million in fee revenue from institutional investors, launching fundraising for a new senior credit lending fund in 2026, and Green Loan Services becoming the largest active special servicer of SASB loans (servicing 5 of the top 10 specially serviced loans).
Improved Cost Controls
Higher NOI for the quarter driven in part by lower operating expenses net of reimbursements and lower G&A; management cited disciplined capital spend as a contributor to FFO/FAD outperformance.
Favorable Macro Context
Cited supportive macro signals for NYC office demand: NYC tax collections up 8.5% in 2025, big five banks reported Q4 profits up 6.7% and investment banking revenues up 12.6%, reinforcing strength in the city economy and investor interest.
SLG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $43.56 | $44.54 | +2.25% |
Oct 15, 2025 | $56.54 | $53.27 | -5.79% |
Jul 16, 2025 | $62.41 | $59.86 | -4.08% |
Apr 16, 2025 | $50.39 | $50.47 | +0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sl Green Realty Corp. (SLG) report earnings?
Sl Green Realty Corp. (SLG) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).
What is Sl Green Realty Corp. (SLG) earnings time?
Sl Green Realty Corp. (SLG) earnings time is at Apr 22, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLG EPS forecast?
SLG EPS forecast for the fiscal quarter 2026 (Q1) is -0.73.