SL Green Realty

SL Green reported record-high leasing in Manhattan in Q1 2026 and a leased occupancy of 94.4%, but despite higher revenues posted a net loss of $84.4 million and missed earnings forecasts by a wide margin. FFO and FAD fell sharply year-on-year, operating costs rose significantly and led to a dividend cut to $2.47 annually to strengthen capital flexibility. Management is pursuing balance-sheet optimization, portfolio sales and refinancings, and aims to restore dividend coverage by 2028 while targeting year-end leasing and occupancy goals. » Mere på de.investing.com

Citi lowered its price target on SL Green Realty to $45 from $55 on March 24 while maintaining a Buy rating. The company on March 19 refinanced and extended $2.0B of its $2.4B corporate credit facility, keeping a $1.25B revolving line maturing June 2031 and reducing borrowing costs by 25 bps to 125 bps over SOFR; a $750M term tranche now also matures in June 2031 at 145 bps over SOFR. Deutsche Bank separately upgraded SL Green to Buy with a $44 target, citing New York City exposure, expected asset-sale execution, and improving leasing and occupancy trends. » Mere på finance.yahoo.com

SL Green Realty will release results for the quarter ended March 31, 2026, on April 15, 2026. Analysts estimate a loss of -0.678 USD per share (prior year: -0.300 USD) and revenue of 160.6 million USD (prior year: 247.6 million USD). For the current fiscal year, average estimates call for a loss of -2.576 USD per share and revenue of 646.8 million USD (prior year: 1.03 billion USD). » Mere på finanzen.net