SL Green Realty Corp. (SLG) Q3 FY2026 earnings

Reported results

• Net income attributable to common stockholders (diluted GAAP): $1.01 per share in Q3 2026 vs. $0.34 per share in Q3 2025.
• Funds from Operations (diluted non-GAAP): $1.59 per share in Q3 2026 vs. $1.58 per share in Q3 2025.
• Nine-month 2026 diluted net loss (GAAP): $(0.56) per share vs. $(0.12) per share in the same period 2025.
• Nine-month 2026 diluted FFO (non-GAAP): $3.85 per share vs. $4.60 per share in the same period 2025, which included $0.94 per share of income related to 522 Fifth Avenue mortgage investment repayment.
• Manhattan same-store cash NOI excluding lease termination income (non-GAAP) increased 5.0% in Q3 2026 and 4.2% for the nine months 2026 compared to the same periods 2025.
• Manhattan same-store office occupancy: 95.0% as of September 30, 2026, inclusive of leases signed but not yet commenced, vs. 92.9% at December 31, 2025.

Guidance

• Full-year 2026 FFO guidance (diluted non-GAAP) increased to $6.50-$6.70 per share (from prior guidance of $5.60-$5.90 per share), reflecting $1.10 per share of incremental income from sale of 20% joint venture interest in food and beverage hospitality operations, offset by $0.25 per share attributable to higher interest rate environment.
• Full-year 2026 net income guidance (GAAP) increased to $0.40-$0.60 per share (from prior guidance of $0.20-$0.50 per share).

Notes

The nine-month 2026 FFO included $71.6 million, or $0.94 per share, of income (excluding interest income) related to the repayment of the commercial mortgage investment at 522 Fifth Avenue in 2025. The company sold a 20% joint venture interest in a food and beverage hospitality operations entity in October 2026 (after quarter end) for $40.0 million in proceeds at a gross valuation of $200.0 million. The company entered into a contract to sell 110 Greene Street for $226.0 million, expected to close in Q4 2026. The company closed the sale of 10 East 53rd Street for $312.2 million and received net cash proceeds of $99.0 million.

Price and volatility reaction

The stock moved +5.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -2.2 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.