SL GREEN REALTY CORP — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
SL Green raised full-year 2026 FFO guidance by $1.20/share at midpoint (from $4.40–$4.70 to $5.60–$5.90), reflecting $0.40/share higher NOI from core portfolio plus $0.80/share from One Vanderbilt Avenue development. Q2 reported net loss of $0.38/share but FFO of $1.43/share. Manhattan occupancy rose to 94.7% with 18% mark-to-market on replacement leases; same-store NOI grew 4.3% YoY. Company deployed $590.5M of its $1.3B debt fund and sold $312.2M sale of 10 East 53rd Street (expected Q3 2026 close, ~$100M net proceeds for debt repayment).
Why this rating
Large FFO guidance hike (+27% midpoint) and strong operational momentum (market rents, occupancy gains, debt fund traction) materially improve 2026 earnings outlook. One Vanderbilt monetization is significant but partially offset by near-term net losses masking underlying strength.
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