SL Green Realty

SLG

Market cap $4.06B

While the top- and bottom-line numbers for SL Green (SLG) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.58 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to FFO of $1.13 per share a year ago.

Financial and Operating Highlights Net income attributable to common stockholders of $0.34 per share for the third quarter of 2025 as compared to net loss of $0.21 per share for the same period in 2024 . F unds from operations ("FFO") of $1.58 per share for the third quarter of 2025, net of transaction costs of $13.1 million, or $0.17 per share, primarily related to the Company's pursuit of a gaming license.

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that the company has signed Manhattan office leases totaling 1,924,364 square feet to date in 2025, while maintaining a current pipeline of more than 1.0 million square feet. Notable leases signed during the third quarter and to date in the fourth quarter of 2025 include: At One Madison Avenue: Harvey AI Corporation, a cutting-edge Domain-specific AI for law firms, professional service providers, and Fortune 500 companies, signed a new 10-year lease covering 92,663 square feet on the entire 6th floor.

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has entered into a contract to acquire Park Avenue Tower, located at 65 East 55th Street, for $730.0 million. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it closed on the sale of a 5.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd, Japan's leading urban landscape developer. The sale follows Mori's acquisition of an 11.0% interest in the trophy office tower in November 2024. Both investments were completed at a gross valuation of $4.7 billion. After completion of the transaction, SL Green maintains a 55.0% stake in One Vanderbilt Avenue.

SL Green's deal to buy the 36-story building in Midtown Manhattan shows momentum for desirable office space in prime locations is heating up.

U.S. equity markets tumbled in a sudden jolt of volatility as investors - already flying blind on key data - reacted to a surprise, massive tariff announcement on Chinese imports. The White House announced a 100% added tariff on all Chinese imports beginning next month - up from 30% currently - as retaliation to new export controls on rare minerals. The CBOE Volatility Index surged to the highest levels since mid-May in a sudden onset of angst following several months of relatively tranquil market conditions.

Beyond analysts' top-and-bottom-line estimates for SL Green (SLG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2025.

SL Green Realty is paying out a 5.2% dividend yield that is 188% covered by the midpoint of FFO guidance for its fiscal 2025. Manhattan's net office absorption volumes through the first half of 2025 are the highest since the year 2000. It's set against the backdrop of accelerating office-to-residential conversions. These conversions are taking supply off the market, with SLG set to join with a plan to convert 750 Third Avenue to rentals.