SL Green Realty (NYSE:SLG) Releases Earnings Results, Misses Expectations By $0.52 EPS

Key Points

• SL Green reported EPS of ($1.20), missing the consensus of ($0.68) by $0.52, and posted revenue of $166.0 million versus a $179.09 million estimate; revenue was up 5.5% year-over-year, but the quarter showed a negative net margin and negative return on equity.
• The company updated its FY 2026 guidance to 4.400–4.700 EPS, a notable full-year outlook despite the quarterly shortfall.
• SL Green paid a quarterly dividend of $0.6175 (annualized $2.47) for a 5.9% yield

SL Green Realty (NYSE:SLG - Get Free Report) released its quarterly earnings data on Wednesday. The real estate investment trust reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.68) by ($0.52), Zacks reports. SL Green Realty had a negative net margin of 9.66% and a negative return on equity of 2.44%. The business had revenue of $166.00 million for the quarter, compared to the consensus estimate of $179.09 million. During the same quarter last year, the firm earned $1.40 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. SL Green Realty updated its FY 2026 guidance to 4.400-4.700 EPS.

SL Green Realty Stock Up 2.3%

Shares of SLG stock opened at $41.58 on Thursday. The firm's fifty day moving average price is $38.61 and its two-hundred day moving average price is $45.22. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 1.05. SL Green Realty has a 1 year low of $34.77 and a 1 year high of $66.91. The firm has a market capitalization of $2.97 billion, a P/E ratio of -25.83 and a beta of 1.61.

SL Green Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, March 31st. SL Green Realty's payout ratio is presently -153.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on SLG. Truist Financial set a $44.00 target price on shares of SL Green Realty in a report on Tuesday, February 3rd. Scotiabank set a $52.00 price target on shares of SL Green Realty and gave the company a "sector outperform" rating in a report on Friday, March 13th. Morgan Stanley lowered their price objective on shares of SL Green Realty from $43.00 to $36.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft upgraded shares of SL Green Realty from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $45.00 to $44.00 in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of SL Green Realty from $52.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, SL Green Realty presently has a consensus rating of "Hold" and a consensus price target of $51.45.

Institutional Trading of SL Green Realty

A number of hedge funds and other institutional investors have recently modified their holdings of SLG. Triumph Capital Management bought a new stake in SL Green Realty during the third quarter worth about $45,000. Cibc World Markets Corp acquired a new position in shares of SL Green Realty during the 4th quarter worth approximately $218,000. Alps Advisors Inc. bought a new stake in shares of SL Green Realty during the 4th quarter worth approximately $225,000. DRW Securities LLC bought a new stake in shares of SL Green Realty during the 4th quarter worth approximately $229,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of SL Green Realty in the 3rd quarter valued at approximately $245,000. Institutional investors and hedge funds own 89.96% of the company's stock.

About SL Green Realty

SL Green Realty Corp. NYSE: SLG is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City's largest office landlords, the company's portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.