SLG · Sl Green Realty Corp
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Jan 24, 2022; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average lease term | 7.6 | Second Quarter 2026 | — |
| Average lease term on Manhattan office leases signed | 8.5 | Six months ended June 30, 2026 | — |
| Average rent on Manhattan office leases signed | $101.25 | six months ended June 30, 2026 | — |
| Average starting cash rent psf - office leases commenced | $99.04 | Second Quarter 2026 | — |
| Average starting cash rent psf - office leases signed | $98.42 | Q2 2026 | — |
| Average starting rents on replacement leases (Manhattan office) | $109.59 | Six months ended June 30, 2026 | — |
| Average tenant improvement allowance on Manhattan office leases signed | $91.89 | Six months ended June 30, 2026 | — |
| Buildings held (interests) | 54 | as of June 30, 2026 | — |
| Buildings managed (third-party owned) | 4 | As of June 30, 2026 | — |
| Commenced office square footage filling vacancy | 361,975 | Second Quarter 2026 | — |
| Commenced office square footage on previously occupied space (M-T-M leasing) | 339,798 | Second Quarter 2026 | — |
| Consolidated office buildings in service - square footage | 10,102,852 | Q2 2026 | — |
| EBITDAre non-GAAP | $231.13M | For the three months ended 6/30/2026 | — |
GAAP → non-GAAP reconciliationGAAP Net (Loss) income -$10.89M
+$0K Depreciable real estate reserves
+$0K Depreciable real estate reserves in unconsolidated joint venture
+$4.18M Loss (gain) on sale of real estate, net
-$5.66M Purchase price and other fair value adjustments
+$0K Equity in net (gain) loss on sale of interest in unconsolidated joint venture/real estate
+$0K Gain on sale of marketable securities
+$67.28M Depreciation and amortization
+$1.69M Income taxes
+$1.22M SUMMIT Operator tax expense
+$2.16M Amortization of deferred financing costs
+$54.01M Interest expense, net of interest income
+$117.14M Adjustments to reflect the entity's share of EBITDAre of unconsolidated affiliates
= EBITDAre $231.13M
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| FFO attributable to SL Green common stockholders and unit holders non-GAAP | 174.2M | Six Months Ended June 30, 2026 | — |
| FFO per share non-GAAP | $2.26 | six months ended June 30, 2026 | — |
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| Free rent months | 6.7 | Second Quarter 2026 | — |
| Funds From Operations non-GAAP | 109.58M | Second Quarter 2026 | — |
| Funds from operations (FFO) available to common stockholders - diluted non-GAAP | $1.43 | Q2 2026 | — |
| Funds From Operations - Basic per Share non-GAAP | $1.45 | Second Quarter 2026 | — |
| Funds From Operations - Diluted per Share non-GAAP | $1.43 | Second Quarter 2026 | — |
| Increase (decrease) in new cash rent over previously escalated cash rent | 5.6% | Second Quarter 2026 | — |
| Increase in new cash rent over previously escalated cash rent (M-T-M) | 18% | Q2 2026 | — |
| Manhattan office leases signed | 104 | six months ended June 30, 2026 | — |
| Manhattan office leases square feet signed | 1,374,425 | six months ended June 30, 2026 | — |
| Manhattan same-store cash NOI | 3.4% | six months ended June 30, 2026 | — |
| Manhattan same-store cash NOI increase non-GAAP | 3.4% | First six months of 2026 | — |
| Manhattan same-store office occupancy | 94.7% | as of June 30, 2026 | — |
| Net operating income (NOI) non-GAAP | 174.57M | Six Months Ended June 30, 2026 | — |
| NOI including SLG share of unconsolidated JVs non-GAAP | 457.46M | Six Months Ended June 30, 2026 | — |
| Previous escalated cash rent psf - office leases commenced | $93.76 | Second Quarter 2026 | — |
| Replacement leases mark-to-market increase | 16.6% | six months ended June 30, 2026 | — |
| Reported Funds Available for Distribution non-GAAP | 22.82M | Second Quarter 2026 | — |
| Retail Grand Total / Weighted Average Occupancy % | 88.4% | June 30, 2026 | — |
| Same-store cash NOI non-GAAP | 316.15M | Six Months Ended June 30, 2026 | — |
| Same-store cash NOI excluding lease termination income non-GAAP | 309.08M | Six Months Ended June 30, 2026 | — |
| Same-Store NOI non-GAAP | 353.79M | Six Months Ended June 30, 2026 | — |
| Same-Store office occupancy based on commenced leases | 92.2% | Q2 2026 | — |
| Same-Store office occupancy inclusive of leases signed not yet commenced | 94.7% | Q2 2026 | — |
| SLG Opportunistic Debt Fund total deployment | $590.5M | as of Q2 2026 | — |
| Square feet of buildings managed (third-party owned) | 0.9M | As of June 30, 2026 | — |
| Square feet of ownership interests | 29.2M | As of June 30, 2026 | — |
| Square feet of replacement leases (Manhattan office) | 975,470 | Six months ended June 30, 2026 | — |
| Square feet securing debt and preferred equity investments | 1.4M | as of June 30, 2026 | — |
| Tenant concession packages psf | $86.99 | Second Quarter 2026 | — |
| Total office leases commenced | 62 | Second Quarter 2026 | — |
| Total office leases signed | 53 | Q2 2026 | — |
| Total office square footage commenced | 701,773 | Second Quarter 2026 | — |
| Total office square footage signed | 445,161 | Q2 2026 | — |
| Total square feet (interests held) | 30.6M | as of June 30, 2026 | — |
| Unconsolidated office buildings in service | 10 | Q2 2026 | — |
| Unconsolidated office buildings in service - square footage | 13,868,633 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Office — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SLG
this stock
Sl Green Realty Corp
|
$4.04B | +25.7% | +13.2% | — | 16.5% |
|
BXP
BXP, Inc.
|
$10.57B | -0.4% | +2.2% | 35.6 | 6.6% |
|
ARE
Alexandria Real Estate Equities, Inc.
|
$7.99B | +3.3% | -2.9% | — | 3.9% |
|
VNO
Vornado Realty Trust
|
$7.05B | +15.3% | +1.3% | 1258.3 | 5.4% |
|
CUZ
Cousins Properties Inc
|
$4.84B | +13.8% | +16.0% | 735.0 | 6.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Jan 24, 2022; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SLG | +2.1% | +15.0% | +46.6% | +8.9% | +25.7% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | +2.6% | +12.1% | +35.1% | +6.0% | +12.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.