Sep 2026 (Q3 FY26) — Oct 22, 2026
SL Green Q3 FY26 — Strong Leasing, Capital Markets Execution, and Strategic Monetization Drive Outperformance
Read the full callSL Green earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 253 | +5.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 57.4 | +0.7 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | -80.7 | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
6 of 9 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 FFO per share guidance | upward revision of $1.20 per share (more than 26%) versus prior FY26 guidance | Jun 2026 | a significant upward FFO guidance revision of $1.20 a share, more than 26%, the vast majority of which is recurring. | Revised Up |
| 346 Madison Avenue / 11 East 44th development delivery | get this done by 2030 | Sep 2025 | we anticipate no adverse outcome and no adverse impact on timeline. | On Track |
| SLG opportunistic debt fund final closing to new investment | close the fund to new investment following additional closings expected in November | Sep 2025 | We put out $226 million since our last call, including a transaction closing today, bringing total committed to about $567 million out of the total $1.3 billion fund. | Achieved |
3 of SL GREEN REALTY CORP's 33 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 30 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $53.08 on 22 Oct 2025 → $50.14. High $59.83 (25 Aug 2026), low $35.33 (27 Mar 2026).
Overview
Guidance
6 of 9 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FY26 FFO per share guidance | upward revision of $1.20 per share (more than 26%) versus prior FY26 guidance | Jun 2026 | a significant upward FFO guidance revision of $1.20 a share, more than 26%, the vast majority of which is recurring. | Revised Up |
| 346 Madison Avenue / 11 East 44th development delivery | get this done by 2030 | Sep 2025 | we anticipate no adverse outcome and no adverse impact on timeline. | On Track |
| SLG opportunistic debt fund final closing to new investment | close the fund to new investment following additional closings expected in November | Sep 2025 | We put out $226 million since our last call, including a transaction closing today, bringing total committed to about $567 million out of the total $1.3 billion fund. | Achieved |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 33 tracked commitments, with each call’s wording and source.
Call summaries
SL Green Q3 FY26 — Strong Leasing, Capital Markets Execution, and Strategic Monetization Drive Outperformance
Read the full callSL Green Q2 FY26 — Significant FFO Guidance Raise Driven by Operational Strength and One Vanderbilt Economics
Read the full callSL Green Q1 FY26 — Record Leasing and Strong NYC Fundamentals Drive Optimism
Read the full callEvery analysed call
Financials
Net profit, year on year: −365% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 223 | 230 | 246 | 240 | 242 | 245 | 276 | 253 |
| Operating profit | 176 | 149 | 147 | 136 | 129 | 209 | 177 | 145 |
| Operating margin | 79.2% | 65.1% | 59.8% | 56.7% | 53.4% | 85.5% | 64.2% | 57.4% |
| Interest | 50 | 51 | 47 | — | — | — | — | — |
| Net profit | 2 | -10 | 13 | -17 | -7 | 29 | -101 | -81 |
| EPS ($ per share) | 0.04 | -0.21 | — | -0.30 | -0.16 | 0.35 | — | -1.20 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 1,279 | 1,085 | 1,015 | 976 | 651 | -152 | -449 | -742 |
| Total liabilities | 6,115 | 6,556 | 6,211 | 5,748 | 7,261 | 5,271 | 5,915 | 6,730 |
| Total assets | 12,751 | 12,766 | 11,708 | 11,067 | 12,356 | 9,531 | 10,470 | 11,083 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 442 | 376 | 554 | 256 | 276 | 230 | 130 | 83 |
| Cash from investing | 682 | 114 | 1,056 | 994 | 426 | 171 | 119 | -331 |
| Cash from financing | -1,094 | -529 | -1,479 | -1,285 | -655 | -449 | -252 | 253 |
| Net cash flow | 29 | -38 | 131 | -36 | 47 | -49 | -4 | 5 |
| Capital expenditure | -254 | -253 | — | — | — | — | — | — |
| Free cash flow | 187 | 123 | — | — | — | — | — | — |
SUMMIT shrank from 16% to 12% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Real Estate | 80% | 76% | 77% | 76% | 80% | 81% | 84% | 81% | +17.2% |
| SUMMIT | 16% | 16% | 9% | 13% | 13% | 13% | 10% | 12% | +1.6% |
| Debt and Preferred Equity | — | — | 13% | 11% | 6% | 6% | 7% | 7% | -36.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Leased rate | 94.4%So you're at 94.4% leased occupancy.Source: earnings call transcript | 95%We took advantage of a very strong leasing market to surpass perhaps the company's most important goal, the leasing of over 2 million square feet year-to-date as we currently sit, bringing our leased occupancy to 95%.Source: earnings call transcript | +0.6 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
12 filings between Dec 22, 2025 and Aug 21, 2026.
Purchases
None
No insider bought shares.
Sales
$3.56M
6 sales by 4 insiders
Also filed: 1 conversion, 1 disposition to issuer.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Sitomer Harrison | — | $2.32M | Aug 21, 2026 |
| HOLLIDAY MARC | — | $986.7K | Dec 23, 2025 |
| Brown Carol N | — | $181.8K | Mar 30, 2026 |
| LEVINE ANDREW S | — | $67.6K | Dec 22, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 21, 2026 | Sitomer Harrison PRESIDENT & CIO | Sale | 22,414 | $1.29M |
| Aug 21, 2026 | Sitomer Harrison PRESIDENT & CIO | Sale | 699 | $40.9K |
| Aug 20, 2026 | Sitomer Harrison PRESIDENT & CIO | Sale | 16,887 | $988.3K |
| Mar 30, 2026 | Brown Carol N Director | Sale | 5,004 | $181.8K |
| Feb 27, 2026 | Sitomer Harrison PRESIDENT & CIO | Award | 85,492 | $0 |
| Jan 30, 2026 | HATKOFF CRAIG M Director | Disposition to issuer | 5,004 | $227.4K |
| Jan 5, 2026 | HATKOFF CRAIG M Director | Award | 5,004 | $0 |
| Jan 5, 2026 | Dillard Lauren B. Director | Award | 5,004 | $0 |
| Jan 5, 2026 | Brown Carol N Director | Award | 5,004 | $0 |
| Dec 23, 2025 | HOLLIDAY MARC PRESIDENT & CEO | Sale | 22,223 | $986.7K |
| Dec 22, 2025 | HOLLIDAY MARC PRESIDENT & CEO | Conversion | 22,223 | — |
| Dec 22, 2025 | LEVINE ANDREW S CHIEF LEGAL OFFICER & GC | Sale | 1,493 | $67.6K |
| Sep 11, 2025 | Brown Carol N Director | Sale | 937 | $59.1K |
| Jul 18, 2025 | Brown Carol N Director | Sale | 2,500 | $151.5K |
| Feb 20, 2025 | HOLLIDAY MARC PRESIDENT & CEO | Gift | 4,600 | $0 |
| Feb 18, 2025 | HOLLIDAY MARC PRESIDENT & CEO | Conversion | 4,600 | — |
| Jan 24, 2025 | HATKOFF CRAIG M Director | Sale | 3,455 | $229.1K |
| Jan 2, 2025 | Dillard Lauren B. Director | Award | 3,437 | $0 |
| Jan 2, 2025 | HATKOFF CRAIG M Director | Award | 3,437 | $0 |
| Jan 2, 2025 | Brown Carol N Director | Award | 3,437 | $0 |
| Nov 25, 2024 | LEVINE ANDREW S CHIEF LEGAL OFFICER & GC | Sale | 27,334 | $2.17M |
| Nov 25, 2024 | LEVINE ANDREW S CHIEF LEGAL OFFICER & GC | Sale | 18,451 | $1.48M |
| Nov 22, 2024 | LEVINE ANDREW S CHIEF LEGAL OFFICER & GC | Conversion | 45,785 | — |
| Oct 23, 2024 | LEVINE ANDREW S CHIEF LEGAL OFFICER & GC | Gift | 1,000 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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