SL Green Realty Corp. Q2 2026 Earnings Release

SL Green Realty Corp. reported a net loss attributable to common stockholders of $0.38 per share for Q2 2026, compared to a net loss of $0.16 per share in Q2 2025. Funds From Operations (FFO) were $1.43 per share for Q2 2026, down from $1.63 per share in Q2 2025. The company is increasing its 2026 FFO guidance to $5.60-$5.90 per share and its net income guidance to $0.20-$0.50 per share. This increase is driven by higher net operating income, incremental fees, and anticipated income from One Vanderbilt Avenue. The company signed 53 Manhattan office leases totaling 445,161 sq ft in Q2 2026, with a mark-to-market increase of 18.0%. Manhattan same-store cash NOI increased by 4.3% in Q2 2026. SL Green closed on the sale of the residential and retail components of 7 Dey Street for $222.6 million and a 49.0% joint venture interest in 346 Madison Avenue for $175.0 million. They also entered a contract to sell 10 East 53rd Street for $312.2 million. The company deployed $94.7 million in its SLG Opportunistic Debt Fund in Q2 and repurchased $14.1 million of common stock.