SL Green Realty: Pending Dividend Cut As Occupancy Ramps Higher

2026-03-05 17:09:51 ET

SL Green Realty Corp. ( SLG ), which has dipped by 33.4% over the last year, is set to change the frequency of its previously monthly dividends to every quarter and is likely set to bring in a dividend cut. The Manhattan office-focused REIT has seen its occupancy rate recover on the back of strong demand for Class A office space in the Borough, with its fiscal 2025 fourth-quarter same-store occupancy rising by 60 basis points to 93.0% from 92.4% in the third quarter. This is inclusive of leases signed but not yet commenced, and helped the REIT generate fourth-quarter revenue of $276.47 million . This was up 12.4% over its year-ago comp, with the REIT generating funds from operations ("FFO") of $1.13 per share. Funds from operations, or FFO, on a nominal basis came in at $86.2 million , down from $131.9 million in the year-ago period, with the per-share figure also dipping from $1.81 per share....

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