SL Green Realty stock heads into October 21 results after FFO guidance increase

SL Green Realty (ISIN US78440X8873) was last at USD 48.40 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 0.81 percent from the prior close. The next reporting checkpoint is October 21, 2026, according to StockTitan. The setup combines a defined earnings date with a recently higher funds-from-operations outlook.

FFO guidance moves higher

For the second quarter of 2026, SL Green reported FFO of USD 1.43 per share, exceeding the USD 1.19 consensus by 20.17 percent, Zacks reported on July 24, 2026. FFO still declined 12.3 percent from USD 1.63 in the year-ago quarter, making the guidance change more important than the single-quarter beat.

Management raised full-year 2026 FFO guidance to USD 5.60-5.90 per share from USD 4.40-4.70, lifting the midpoint by USD 1.20. Zacks attributed USD 0.40 per share of the increase to higher portfolio NOI and fee income, with USD 0.80 per share tied to One Vanderbilt Avenue.

Leasing supports the operating case

Net rental revenue reached USD 171.85 million in Q2 2026, up 16.5 percent from the prior-year quarter and ahead of the USD 171.48 million consensus, according to Zacks. Manhattan same-store office occupancy stood at 94.7 percent on June 30, 2026, compared with 94.4 percent at the end of the previous quarter and 93 percent at the end of 2025.

The company signed 53 Manhattan office leases covering 445,161 square feet during the quarter. Replacement leases covering 308,680 square feet achieved average starting rents of USD 98.42 per rentable square foot, an 18 percent increase over the previous fully escalated rents.

Consensus target stays above stock

MarketBeat reported on October 3, 2026 that 19 brokerages carried a consensus Hold rating, with nine Holds, seven Buys, two Sells and one Strong Buy. The average 12-month target was USD 57.42, which lies 18.64 percent above the USD 48.40 price, according to MarketBeat.

The market is assigning SL Green a value of USD 3.4 billion, while the October 6, 2026 trading range was USD 47.77 to USD 48.87 on volume of 544,908 shares. The 52-week range of USD 34.77 to USD 60.09 leaves the stock below its yearly high, keeping leasing execution and the October results at the center of the next valuation test.

October dates frame the next test

SL Green declared a quarterly common-stock dividend of USD 0.6175 per share, or USD 2.47 annualized, payable on October 15, 2026, according to GlobeNewswire on September 18, 2026. The payment date arrives before the company reports third-quarter results after the market close on October 21, 2026.

For investors, the key comparison is operational progress against cash earnings: occupancy and rents improved in Q2, while FFO remained below the prior-year level. The October report will show whether the higher guidance range is translating into recurring results.

SL Green Realty stock stays below its yearly high

SL Green Realty stock was last at USD 48.40 on the NYSE on October 6, 2026 at 4:00 p.m. ET, compared with a 52-week high of USD 60.09 and a 52-week low of USD 34.77.

Upcoming dates for SL Green Realty stock

• October 15, 2026: Common stock dividend payment
• October 21, 2026: Third-quarter 2026 results after market close

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