SL Green Realty Corp. reported second-quarter 2026 funds from operations of $1.43 per share, beating the Zacks Consensus Estimate of $1.19 by 20.17%. Net rental revenues rose 16.5% year over year to $171.85 million, driven by stronger Manhattan leasing and higher occupancy. The company signed 53 Manhattan office leases covering 445,161 square feet during the quarter, with replacement leases achieving an 18% rent increase over prior fully escalated rents. Manhattan same-store office occupancy reached 94.7% as of June 30, 2026, and management raised full-year 2026 FFO guidance to a range of $5.60 to $5.90 per share, up from $4.40 to $4.70 previously.
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