SL Green Realty files Q3 2026 supplemental data for 30.3 million square feet

SL Green Realty Corp. has furnished supplemental financial data for the third quarter ended September 30, 2026, detailing the operational status of its Manhattan office portfolio. The New York Stock Exchange-listed real estate investment trust, trading under the ticker SLG, holds interests in 53 buildings that collectively total 30.3 million square feet as of the quarter's end.

The company's holdings are composed of 28.9 million square feet in ownership interests and 1.4 million square feet securing debt and preferred equity investments, a figure that excludes fund investments. In addition to its owned properties, SL Green manages five buildings totaling 1.3 million square feet on behalf of third-party owners. The supplemental package is intended to assist readers in understanding the company's unaudited financial data alongside its audited and unaudited regulatory filings.

The document outlines specific definitions for financial metrics used in the reporting, including Annualized Cash Rent, which is calculated by multiplying monthly base rent and escalations by 12, excluding concessions, deferrals, and abatements. Economic Occupancy is defined based on the square footage for which revenue is being recognized for GAAP purposes, a measure that may differ from the square footage for which cash rent is being collected. Commenced Occupancy is calculated based on the square footage for which lease terms have commenced per the underlying lease, noting that GAAP revenue recognition may not yet have occurred for certain commenced leases as of the reporting date.

SL Green also defines Capitalized Interest as the sum of interest costs for project-specific debt on properties under development or redevelopment, based on vacancy rates, plus an imputed interest cost calculated using the company's equity investment and weighted average borrowing rate. This capitalized interest is a component of the carrying value for development or redevelopment properties. The report further defines Debt Service Coverage as a ratio derived from operating income with adjustments for taxes, loan loss reserves, and joint venture depreciation, divided by total debt service payments.

The supplemental information includes a section on forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. These statements cover matters such as earnings guidance, future capital expenditures, dividends, acquisitions, dispositions, financing transactions, hedging activities, and occupancy trends. The company cautions that these statements are not guarantees of future performance and that actual developments may differ due to factors beyond its control.

The financial data presented in this package is unaudited and should be read in conjunction with the financial statements for the quarter ended September 30, 2026, which will be included in a Form 10-Q filing scheduled for submission on or before November 9, 2026. The company notes that data contained in future regulatory filings covering the same period may restate the data presented in this supplemental package. Questions regarding the information should be directed to SL Green's Investor Relations team at [email protected].