SL Green Realty Corp expects EPS for 2026 between USD -0.27 and USD 0.03, while forecasting NAREIT-defined FFO per share in the range of USD 4.40 to USD 4.70. The company confirmed that it will start paying dividends quarterly from 2026. These projections reflect market challenges in Manhattan's office sector, including leasing dynamics and operational costs. Despite the mixed EPS outlook, the FFO guidance indicates the company expects stable cash flows and continued financial strength, enabling it to sustain dividend payments and maintain a focus on long-term value creation for shareholders.
SL Green Realty Corp has projected its earnings per share (EPS) for the year ending December 31, 2026, to range between USD -0.27 and USD 0.03, according to a recent SEC filing. The company also provided its outlook for NAREIT-defined funds from operations (FFO) per share, expecting figures between USD 4.40 and USD 4.70.
The filing confirmed that starting 2026, SL Green Realty will begin paying dividends on a quarterly basis. This move aligns with the company's broader strategy to provide steady returns to its shareholders while navigating a challenging office real estate market in New York City. The company has historically focused on Manhattan office properties, and its FFO guidance reflects ongoing efforts to maintain operational efficiency and stable cash flows despite market uncertainties.
Analysts note that the negative to near-zero EPS projection could be influenced by expected interest expenses, capital expenditures, and market leasing conditions. However, the solid FFO range indicates that the company anticipates maintaining healthy operational income and liquidity to support dividend payments. SL Green Realty has a track record of resilient financial management and continues to focus on long-term asset value creation amid evolving real estate trends.
Source Reuters
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