SL Green Realty Reports Q1 2026 Earnings Miss with Guidance Reaffirmed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy SLG?
Source: seekingalpha
- Earnings Miss: SL Green Realty reported Q1 FFO of $0.84, missing estimates by $0.24, indicating financial strain despite revenue growth, which may dampen investor confidence.
- Revenue Growth: The company achieved revenue of $253.08 million in Q1, reflecting a 5.5% year-over-year increase; however, this growth was insufficient to offset the widening net loss per share, highlighting rising operational costs.
- Widening Net Loss: The net loss attributable to common stockholders for Q1 2026 was $1.20 per share, significantly up from $0.30 per share in the same period of 2025, suggesting increased financial pressure amid changing market conditions, potentially impacting future capital raising efforts.
- Guidance Reaffirmed: SL Green reaffirmed its 2026 FFO guidance range of $4.40 to $4.70 per share, with a midpoint of $4.55, slightly below the consensus of $4.58, reflecting a cautious outlook on future financial performance.
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Analyst Views on SLG
Wall Street analysts forecast SLG stock price to rise
15 Analyst Rating
5 Buy
9 Hold
1 Sell
Moderate Buy
Current: 40.660
Low
42.00
Averages
54.40
High
66.00
Current: 40.660
Low
42.00
Averages
54.40
High
66.00
About SLG
SL Green Realty Corp. is a fully integrated real estate investment trust. The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment, and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings, and asset value appreciation. The Company holds interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Its properties include 1185 Avenue of the Americas, 810 Seventh Avenue, 711 Third Avenue, and 555 West 57th Street, 1350 Avenue of the Americas, and 10 East 53rd Street.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SL Green Realty to Announce Q1 Earnings on April 15
- Earnings Announcement: SL Green Realty is set to release its Q1 2023 earnings report on April 15 after market close, drawing significant attention to its performance amid the current economic climate.
- Earnings Expectations: The consensus EPS estimate stands at -$0.95, indicating potential pressure on the company's profitability, which could impact investor confidence and stock performance.
- Revenue Forecast: The consensus revenue estimate is $192.34 million, with two upward revisions in the last three months, suggesting analysts have increased confidence in the company's future revenue growth.
- Market Concerns: As SL Green Realty approaches its earnings release, concerns about a potential dividend cut are rising, particularly as occupancy rates improve, which may influence investor decisions moving forward.
See More
SL Green's Q1 Earnings Miss Estimates, Stock Drops 4%
- Disappointing Earnings: SL Green (SLG) reported Q1 FFO per share of $0.84, missing the consensus estimate of $1.08, and down from $1.13 in Q4 2025 and $1.40 in Q1 2025, indicating a decline in profitability.
- Revenue and Expense Trends: Q1 revenue was $253.1 million, exceeding the Visible Alpha consensus of $242.4 million, yet down from $276.5 million in the previous quarter, while total expenses were $297.0 million, slightly down from $300.7 million, reflecting ongoing cost control challenges.
- Strong Leasing Activity: In Q1, SL Green signed 51 Manhattan office leases covering 929,264 square feet, marking the highest leasing volume for a first quarter, indicating a rebound in market demand, although it was a decrease from 56 leases in the previous quarter.
- Optimistic Future Outlook: The company expects to increase Manhattan same-store office occupancy to 95.0% by December 31, 2026, demonstrating management's confidence in market recovery despite current financial performance falling short of investor expectations.
See More
SL Green Realty Corp Confirms 2026 FFO Guidance Range of $4.40 to $4.70 per Share
- Company Overview: Green Realty Corp has reaffirmed its guidance for 2026.
- Financial Range: The projected earnings per share are set between $4.40 and $4.70.
See More
SL Green Realty Reports Q1 2026 Earnings Miss with Guidance Reaffirmed
- Earnings Miss: SL Green Realty reported Q1 FFO of $0.84, missing estimates by $0.24, indicating financial strain despite revenue growth, which may dampen investor confidence.
- Revenue Growth: The company achieved revenue of $253.08 million in Q1, reflecting a 5.5% year-over-year increase; however, this growth was insufficient to offset the widening net loss per share, highlighting rising operational costs.
- Widening Net Loss: The net loss attributable to common stockholders for Q1 2026 was $1.20 per share, significantly up from $0.30 per share in the same period of 2025, suggesting increased financial pressure amid changing market conditions, potentially impacting future capital raising efforts.
- Guidance Reaffirmed: SL Green reaffirmed its 2026 FFO guidance range of $4.40 to $4.70 per share, with a midpoint of $4.55, slightly below the consensus of $4.58, reflecting a cautious outlook on future financial performance.
See More
Major Earnings Reports Expected Wednesday: SLG, JBHT, ONC, MIND, HOMB
- Earnings Report Preview: On Wednesday, major companies including SL Green Realty Corp., J.B. Hunt Transport Services, BeOne Medicines AG, MIND Technology, and Home BancShares are set to release their earnings reports, generating significant market anticipation.
- Market Focus: Investors will closely monitor these earnings to assess performance in the current economic climate, particularly the impacts on key sectors such as real estate, transportation, and healthcare.
- Earnings Season Schedule: This earnings release is a crucial part of the earnings season, with Seeking Alpha providing a comprehensive calendar to help investors stay informed about market developments.
- Investor Strategy Adjustments: As earnings reports approach, investors may adjust their strategies based on expected performance to navigate potential market volatility and industry trends.
See More
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- Cramer Bullish on Uber: Despite Uber's stock being down 28.5% from its September high, it has risen 3.5% in the last two days, indicating market confidence in its future growth and potentially attracting more investor interest.
- Vistra Stock Undervalued: Cramer highlighted that Vistra is trading at around 19 times earnings, calling it a “steal,” and although the stock is down 25% from its September high, it has gained 6% in just two days, reflecting market recognition of its value.
- Booking Holdings Potential: Cramer believes that many negatives for Booking Holdings are already priced in, with a current P/E ratio of 17, and anticipates a significant price increase once the war ends; the stock has risen 4.4% in two days, presenting a potential return opportunity for investors.
- Southwest Airlines Turnaround Story: Cramer describes Southwest Airlines as a “terrific turnaround story,” noting that while the stock is down 25% from its February high, it has increased by 4.3% in two days and could be a potential takeover target, indicating future growth potential.
See More
SL Green Realty to Announce Q1 Earnings on April 15
- Earnings Announcement: SL Green Realty is set to release its Q1 2023 earnings report on April 15 after market close, drawing significant attention to its performance amid the current economic climate.
- Earnings Expectations: The consensus EPS estimate stands at -$0.95, indicating potential pressure on the company's profitability, which could impact investor confidence and stock performance.
- Revenue Forecast: The consensus revenue estimate is $192.34 million, with two upward revisions in the last three months, suggesting analysts have increased confidence in the company's future revenue growth.
- Market Concerns: As SL Green Realty approaches its earnings release, concerns about a potential dividend cut are rising, particularly as occupancy rates improve, which may influence investor decisions moving forward.
See More
SL Green's Q1 Earnings Miss Estimates, Stock Drops 4%
- Disappointing Earnings: SL Green (SLG) reported Q1 FFO per share of $0.84, missing the consensus estimate of $1.08, and down from $1.13 in Q4 2025 and $1.40 in Q1 2025, indicating a decline in profitability.
- Revenue and Expense Trends: Q1 revenue was $253.1 million, exceeding the Visible Alpha consensus of $242.4 million, yet down from $276.5 million in the previous quarter, while total expenses were $297.0 million, slightly down from $300.7 million, reflecting ongoing cost control challenges.
- Strong Leasing Activity: In Q1, SL Green signed 51 Manhattan office leases covering 929,264 square feet, marking the highest leasing volume for a first quarter, indicating a rebound in market demand, although it was a decrease from 56 leases in the previous quarter.
- Optimistic Future Outlook: The company expects to increase Manhattan same-store office occupancy to 95.0% by December 31, 2026, demonstrating management's confidence in market recovery despite current financial performance falling short of investor expectations.
See More
SL Green Realty Corp Confirms 2026 FFO Guidance Range of $4.40 to $4.70 per Share
- Company Overview: Green Realty Corp has reaffirmed its guidance for 2026.
- Financial Range: The projected earnings per share are set between $4.40 and $4.70.
See More
SL Green Realty Reports Q1 2026 Earnings Miss with Guidance Reaffirmed
- Earnings Miss: SL Green Realty reported Q1 FFO of $0.84, missing estimates by $0.24, indicating financial strain despite revenue growth, which may dampen investor confidence.
- Revenue Growth: The company achieved revenue of $253.08 million in Q1, reflecting a 5.5% year-over-year increase; however, this growth was insufficient to offset the widening net loss per share, highlighting rising operational costs.
- Widening Net Loss: The net loss attributable to common stockholders for Q1 2026 was $1.20 per share, significantly up from $0.30 per share in the same period of 2025, suggesting increased financial pressure amid changing market conditions, potentially impacting future capital raising efforts.
- Guidance Reaffirmed: SL Green reaffirmed its 2026 FFO guidance range of $4.40 to $4.70 per share, with a midpoint of $4.55, slightly below the consensus of $4.58, reflecting a cautious outlook on future financial performance.
See More
Major Earnings Reports Expected Wednesday: SLG, JBHT, ONC, MIND, HOMB
- Earnings Report Preview: On Wednesday, major companies including SL Green Realty Corp., J.B. Hunt Transport Services, BeOne Medicines AG, MIND Technology, and Home BancShares are set to release their earnings reports, generating significant market anticipation.
- Market Focus: Investors will closely monitor these earnings to assess performance in the current economic climate, particularly the impacts on key sectors such as real estate, transportation, and healthcare.
- Earnings Season Schedule: This earnings release is a crucial part of the earnings season, with Seeking Alpha providing a comprehensive calendar to help investors stay informed about market developments.
- Investor Strategy Adjustments: As earnings reports approach, investors may adjust their strategies based on expected performance to navigate potential market volatility and industry trends.
See More
Market Update: Cramer Sees Upside in Uber and Vistra
- Cramer Bullish on Uber: Despite Uber's stock being down 28.5% from its September high, it has risen 3.5% in the last two days, indicating market confidence in its future growth and potentially attracting more investor interest.
- Vistra Stock Undervalued: Cramer highlighted that Vistra is trading at around 19 times earnings, calling it a “steal,” and although the stock is down 25% from its September high, it has gained 6% in just two days, reflecting market recognition of its value.
- Booking Holdings Potential: Cramer believes that many negatives for Booking Holdings are already priced in, with a current P/E ratio of 17, and anticipates a significant price increase once the war ends; the stock has risen 4.4% in two days, presenting a potential return opportunity for investors.
- Southwest Airlines Turnaround Story: Cramer describes Southwest Airlines as a “terrific turnaround story,” noting that while the stock is down 25% from its February high, it has increased by 4.3% in two days and could be a potential takeover target, indicating future growth potential.
See More
