SL Green Realty (SLG) Tops Q2 EPS by 21c; offers guidance
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Revenue Growth %: -29.5%
Financial Fact:
Loss on investment in marketable securities: 0
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SL Green Realty (NYSE: SLG) reported Q2 EPS of ($0.38), $0.21 better than the analyst estimate of ($0.59). Revenue for the quarter came in at $171.85 million versus the consensus estimate of $180.3 million.
Earnings Guidance
The Company is increasing its 2026 FFO guidance range for the year ending December 31, 2026 from $4.40-$4.70 per share to $5.60-$5.90 per share, an increase of $1.20 per share at the midpoint, reflecting $0.40 per share of higher NOI from the Company's real estate portfolio, incremental fees and other income, and $0.80 per share of additional income that will be recognized from One Vanderbilt Avenue. The Company is also increasing its 2026 net income guidance range from $(0.27)-$0.03 per share to $0.20-$0.50 per share.
For earnings history and earnings-related data on SL Green Realty (SLG) click here.
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