earnings
confidence high
sentiment positive
materiality 0.85
SL Green Q2 net loss $0.38/share; FFO $1.43; raises 2026 FFO guidance to $5.60-$5.90
SL GREEN REALTY CORP
- Net loss attributable to common stockholders of $26.5M ($0.38 per share) vs $11.1M ($0.16) in Q2 2025.
- FFO of $109.6M ($1.43 per share) vs $124.5M ($1.63) in Q2 2025; prior year included $46.6M from mortgage investment resolution.
- Raised 2026 FFO guidance to $5.60-$5.90 from $4.40-$4.70; net income guidance to $0.20-$0.50 from $(0.27)-$0.03.
- Signed 53 Manhattan office leases (445,161 sq ft) in Q2; mark-to-market +18.0%; same-store cash NOI +4.3%.
- Closed sale of 7 Dey Street for $222.6M; sold 49% JV interest in 346 Madison at $175M valuation; contract to sell 10 East 53rd for $312.2M.