Rents on SL Green's Manhattan replacement leases ran 13.6% above previous levels.
SL Green Realty Corp. (SLG) reported Q3 2026 net income of $1.01 per share, up from $0.34 in 2025. FFO was $1.59 per share. The company raised 2026 FFO guidance to $6.50-$6.70 per share, citing higher rents and asset sales. Manhattan office leases signed in Q3 had rents 13.6% above previous levels. The company also announced several property sales and a refinancing deal.
How this was made
The 30-second read
Why it matters
The guidance lift and rent premium are fresh disclosures that could drive the stock higher as investors reassess cash flow expectations.
Market read
Primary corporate news with material guidance upgrade for a mid‑cap REIT; actionable for investors focused on real estate equities.
What to watch
Potential impact of rising interest rates on financing costs and tenant demand.
Background
SL Green Realty Corp. (NYSE:SLG) released its Q3 2026 earnings release, highlighting increased guidance and lease rent premiums.
Ticker impact
SL Green raised its 2026 FFO guidance and reported Manhattan lease rents 13.6% above prior levels, indicating stronger cash flow outlook.
likely upward pressure as investors price in higher income and rent growth
The company disclosed new guidance and rent premium in its earnings release, a primary material update for a REIT.
Market effects
Higher Manhattan office rents may lift other NYC office landlords and REITs.
Positive for New York commercial real estate market.
Limited to U.S. REIT sector.
Counterpoint
If office demand softens, higher rents may be unsustainable, pressuring SLG.
Key entities
- CompanySL Green Realty Corp.
Manhattan office landlord reporting earnings and guidance.


