What's Behind SL Green's Lower 2026 Outlook and Dividend Shift

Key Takeaways SL Green lowered its 2026 FFO per-share outlook and plans to move from monthly dividend payments to quarterly.Higher operating expenses, rising taxes and key 2026 tenant vacates are likely to dampen NOI and FFO growth.Floating rate debt, lower development activity and more diluted shares further weigh on SL Green's 2026 view.SL Green (SLG) recently reduced its 2026 funds from operations (FFO) per share guidance to $4.4-$4.7. The Zacks Consensus Estimate stands at $5.16 per share. Per the lates ...