SL Green posts Q1 net loss of $1.20 per share; FFO falls to $0.84 from $1.40
SL Green reported a first-quarter 2026 net loss attributable to common stockholders of $84.4 million, or $1.20 per share, versus a loss of $0.30 per share a year earlier. Funds from operations (FFO) was $0.84 per share, down from $1.40, a comparison that included $0.33 per share of one-time income in 2025. The company reaffirmed its 2026 FFO guidance of $4.40 to $4.70 per share, while revenue rose to $253.1 million from $239.8 million.
Key points
- Q1 2026 net loss of $84.4 million, or $1.20 per share, compared with a loss of $21.1 million, or $0.30 per share, in Q1 2025
- FFO of $64.6 million, or $0.84 per share, compared with $106.5 million, or $1.40 per share, in Q1 2025; the prior-year figure included $25.0 million, or $0.33 per share, from resolving a commercial mortgage investment
- Total revenues of $253.1 million, up from $239.8 million; 2026 FFO guidance reaffirmed at $4.40 to $4.70 per share
- Signed 51 Manhattan office leases totaling 929,264 square feet in Q1 2026, with a 16.1% mark-to-market on replacement leases
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:39 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.