SL Green Realty (SLG)
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
$55.56+1.18%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
QuarterlyIQ Insights · SLG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance dropped from the top half to the bottom half of its industry over the past month — the reason to own it has weakened.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 19.0% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| -28.7% |
Growth built into the price is above our model estimate.
The price assumes 47.7 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has been missing across recent quarters and operates in a high-miss-rate industry. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 16 industry peers
SLG — earnings miss
Dated 2026-04-16
Results of Operations and Financial Condition Following the issuance of a press release on April 15, 2026 announcing SL Green Realty Corp.’s, or the Company, results for the quarter ended March 31, 2026, the Company has made available on its website supplemental information regarding the Company’s operations that is too voluminous for a press release. The Company is attaching the press release as Exhibit 99.1 and the supplemental package as Exhibit 99.2 to this Current Report on Form 8-K. The…
Why it matters: Improving operating income is crucial for SL Green's financial health. It affects cash flow and dividends.
Supportive ifOperating income increases by more than 10% in the next quarter.
Worry ifOperating income decreases or grows less than 0% in the next quarter.
Why it matters: This sale would improve cash flow. It would help with ongoing investments.
Supportive ifCompletion of the sale of 7 Dey Street as scheduled in Q2 2026.
Worry ifDelay or cancellation of the sale of 7 Dey Street.
Why it matters: Strong leasing activity helps revenue and occupancy. It shows a strong office market.
Supportive ifLeasing activity exceeds 1 million square feet in the third quarter of 2026.
Worry ifLeasing activity falls below 1 million square feet in Q3 2026.
Why it matters: Better sector performance may mean SL Green's market is getting better.
Watch forSector performance improves to a positive growth rate in Q2.
Also watch forSector performance continues to decline in Q2.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$144 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $363 loss on $10,000 · 3.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,540 loss on $10,000 · 45.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Occupancy rates impact revenue directly. A drop may show problems in leasing.
Worry ifOccupancy rates were below 90% for Q2.
Less concerning ifOccupancy rates were above 90% for Q2.
Why it matters: Keeping or raising dividends shows a promise to pay shareholders. This is important after recent cuts.
Supportive ifDividend payment remains at $0.618 or increases in Q2.
Worry ifDividend payments drop below $0.618 in Q2.
Why it matters: An increase in same-store cash NOI shows good cost management and better revenue. This is important for financial health.
Supportive ifSame-store cash NOI reported to increase quarter over quarter in Q2 2026.
Worry ifSame-store cash NOI reported to decrease quarter over quarter in Q2 2026.
Why it matters: Keeping this level shows strong performance and chances for income growth.
Supportive ifFFO guidance remains at or above $5.60 per share in the next earnings report.
Worry ifFFO guidance is revised down below $5.60 per share.
Why it matters: Positive net income guidance shows better profits. It shows the company's recovery and growth.
Supportive ifNet income guidance stays within the range of $0.20 to $0.50 per share for 2026.
Worry ifNet income guidance falls below $0.20 per share for 2026.
Why it matters: Achieving this target shows strong demand for office space. It supports management's growth strategy.
Supportive ifManhattan office occupancy in the same stores hits 95.0% or more by September 30, 2026.
Worry ifOccupancy will stay below 94.7% as of September 30, 2026.
Why it matters: A rise above $150M would confirm effective cost management and support future growth.
Supportive ifOperating income exceeds $150M in Q2.
Worry ifOperating income stays below $150M in Q2.
Why it matters: Keeping or raising dividends shows financial strength. This helps build trust with investors.
Supportive ifManagement says dividends will stay the same or increase next quarter.
Worry ifManagement announces a cut or pause in dividends.
Why it matters: Exceeding 5% growth would show SL Green is improving revenue after a slow start.
Supportive ifQ2 revenue growth exceeds 5% year over year.
Worry ifQ2 revenue growth is below 5% year over year.
Why it matters: This sale can bring in cash to pay off debt and boost stability.
Supportive ifThe sale closes successfully for $312.2 million as expected in Q3 2026.
Worry ifThe sale does not close or is delayed beyond Q3 2026.
Why it matters: More NOI growth shows good property performance and strong management.
Supportive ifSame-store cash NOI growth exceeds 4.3% in upcoming quarters.
Worry ifSame-store cash NOI growth is below 4.3% in upcoming quarters.