SL GREEN REALTY CORP — Form 8-K
Filed October 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
SL Green reported Q3 2026 diluted FFO of $1.59/share (vs. $1.58 in Q3 2025) and raised full-year 2026 FFO guidance from $5.60-$5.90 to $6.50-$6.70/share, reflecting $1.10/share from sale of 20% JV stake in food & beverage operations (closed Oct 2026 at $200M valuation, generating $40M proceeds to SLG) offset by $0.25/share from higher interest rates. Company signed 38 leases totaling 591K SF in Q3 with 13.6% mark-to-market; Manhattan occupancy reached 95.0%. Completed sales: 10 East 53rd Street ($312.2M, $99M net proceeds); contracted to sell 110 Greene Street ($226M, ~$216M net proceeds, for debt repayment). Refinanced 245 Park Avenue with $2.0B five-year fixed-rate CMBS at 6.52% (SLG hedged to 6.37%).
Why this rating
Guidance raise (+$0.90/share) meaningful but largely one-time F&B sale. Strong Manhattan leasing fundamentals & occupancy gains are substantive. Debt refinancing at reasonable rates for core asset. No material operational surprises, execution on strategic sales.
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