Despite strong leasing performance and refinancing activity, the significant decline in FFO and net loss will likely pressure the stock. Traders should monitor the company's ability to improve profitability despite positive leasing trends and debt management.
Price Chart
Executive Summary
SL Green Realty reported a net loss of $1.20 per share for Q1 2026, a significant deterioration from a $0.30 loss per share in the same quarter last year. FFO fell to $0.84 per share from $1.40, missing the prior year's level. However, leasing activity improved sharply with a record 929,264 square feet signed and a 16.1% mark-to-market increase in new office rents. The company also completed a $1.65 billion refinancing of One Madison Avenue and sold 690 Madison Avenue for $54.5 million.
Key Financial Metrics
Key Facts
- Net loss of $1.20 per share in Q1 2026 vs. $0.30 loss per share in Q1 2025
- FFO of $0.84 per share vs. $1.40 in the same quarter last year
- Signed 929,264 square feet of office leases, the highest volume in a first quarter in company history
- Mark-to-market on replacement leases increased by 16.1% over previous rents
- Completed $1.65 billion refinancing of One Madison Avenue at 5.81% interest rate
- Sold 690 Madison Avenue for $54.5 million, generating $48.5 million in proceeds
Financial Impact
Net loss of $84.4 million, FFO of $64.6 million
Risk Factors
- Continuing net losses and declining FFO
- High debt levels and interest expenses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-025419 |
| Document: a26q1earningsrelease.htm | 0001628280-26-025419 |
| Document: slg-20260415.htm | 0001628280-26-025419 |
| Document: 0001628280-26-025419-index-headers.html | 0001628280-26-025419 |
| Document: 0001628280-26-025419-index.html | 0001628280-26-025419 |
| Document: 0001628280-26-025419.txt | 0001628280-26-025419 |
| 8-K Data (Synthetic) | 0001628280-26-025419 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 10w ago | 8-K | $53.61 $58.10 | ▲ +8.38% | ▲ +5.07% | $48.81 (−8.95%) |
Jun 1, 2026 17w ago | Press Release | $44.74 $51.77 | ▲ +15.71% | ▲ +17.01% | $48.81 (+9.10%) |
Apr 28, 2026 22w ago | Press Release | $43.85 $45.20 | ▲ +3.08% | ▼ −2.38% | $48.81 (+11.31%) |
Apr 16, 2026 24w ago | 8-K | $20.66 $21.89 | ▼ −5.95% | ▼ −0.14% | $48.81 (−136.25%) |
Apr 15, 2026 24w ago | Press Release | $40.81 $43.23 | ▼ −5.93% | ▼ −0.11% | $48.81 (−19.60%) |
Mar 23, 2026 27w ago | Press Release | $38.10 $43.58 | ▲ +14.38% | ▲ +6.96% | $48.81 (+28.10%) |
Mar 17, 2026 28w ago | Press Release | $37.50 $41.63 | ▲ +11.01% | ▲ +6.70% | $48.81 (+30.15%) |
Mar 9, 2026 29w ago | Press Release | $38.47 $37.56 | ▼ −2.35% | ▲ +0.45% | $48.81 (+26.89%) |
Mar 4, 2026 30w ago | 8-K | $39.07 $36.06 | ▼ −7.69% | ▼ −3.90% | $48.81 (+24.94%) |
Mar 2, 2026 30w ago | Press Release | $36.94 $35.26 | ▼ −4.55% | ▲ +3.39% | $48.81 (+32.12%) |
US Market Status
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