SL Green Realty

SL Green Realty opens the books on Oct. 21 for the quarter ended Sept. 30. Analysts estimate earnings per share for the most recent quarter at -1.247 USD versus 0.350 USD a year earlier and see revenue at 172.7 million USD (-31.85% versus 253.4 million USD). For the current fiscal year analysts on average forecast EPS of -1.994 USD and revenue of 680.0 million USD versus 1.03 billion USD a year earlier. » More on finanzen.net

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. » More on 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. » More on finance.yahoo.com