SL Green Realty Corp. (SLG) reported that its first-quarter profit from continuing operations increased to $29.26 million from $28.69 million last year. Net income attributable to stockholders was $18.91 million compared to $25.26 million last year. Profit per share was $0.21 inclusive of a gain on sale of $0.01 per share, compared to $0.29 per share inclusive of gains on sale of $0.07 per share, prior year.
Total revenues increased to $369.97 million from $339.13 million last year. Combined same-store cash NOI increased 4.4 percent for the first quarter.
SL Green Realty also reported funds from operations, or FFO, of $109.2 million, or $1.16 per share, compared to $99.3 million, or $1.10 per share, prior year. Exclusive of items recognized in the first quarter, normalized FFO is $1.22 per share for the quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit of $1.22 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $314.78 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.