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SLGSL Green Realty Corp.

Real EstateOffice REITs

The Read

SLG’s stock fell about 13% after Q4 2025 despite a FFO beat due to unclear 2026 debt maturity risks, then dropped nearly 22% on a dividend cut amid refinancing worries, but rallied about 7% on strong NYC office occupancy gains despite a Q1 FFO miss.
Dec 15, 2026 — Year-End Asset Disposition & Refinancing Update
Chart by TradingView

The schedule

  • Tue15Dec

    End-of-year updates on joint ventures, asset sales, and debt refinancing will dictate the near-term balance sheet stability.

  • Tue29Dec

    Initial 2027 FFO guidance will set the tone for the year, with high volatility expected around the fundamental outlook.

  • Tue30Mar

    First-quarter results often clarify full-year tenant retention and seasonal leasing momentum.

Past

  • Tue29Sep

    Q3 earnings will test SLG's ability to hit its 95% occupancy target amid structural office headwinds.

  • Wed16Sep

    The September FOMC meeting is a critical macro catalyst for SLG's massive floating rate exposure and cap rate valuations.

  • Wed20May

    Actual outcome: Bull · $45.06 at outcome

    SL Green reported significant Manhattan same-store occupancy gains, reaching 94.4% in Q1, and guided for 95% occupancy by year-end alongside record leasing activity. Although Q1 FFO missed expectations at $0.84 per share, the market looked past the earnings dip to focus on the robust leasing momentum, driving the stock higher toward the bull target.

  • Tue31Mar

    Actual outcome: Bear · $36.72 at outcome

    SLG reported in-line EPS of -$1.20, but the stock fell well below the bear floor. The downward pressure was driven by the company's decision to reduce its annual dividend to $2.47 per share to conserve cash, signaling underlying interest rate and refinancing concerns despite securing a $1.65 billion refinancing for One Madison Avenue.

  • Thu5Feb

    Actual outcome: Bear · $37.48 at outcome

    SLG reported a Q4 FFO beat ($1.13 vs. $1.10 consensus) and improving rental rates, providing operational strength. However, the core catalyst—clarity on major 2026 debt maturities—remained uncertain, with high interest expenses and a high dividend payout ratio highlighting ongoing financial pressure. This genuinely mixed outcome prevented stabilization, keeping the stock flat and anchored near the bear floor ($40.00) rather than clearing the bull target.