SL Green at BofA real estate conference: leasing surge lifts outlook

New York's SL Green Realty Corp. outlined a robust outlook at the BofA NY Global Real Estate Conference 2026, reporting that its 2026 plan is advancing faster than anticipated. The company's leasing, asset sales and refinancing activities are all moving ahead, according to management. Notably, SL Green has already surpassed its full-year leasing target, signing 1.8 million square feet of space through the first eight and a half months of 2026.

The company anticipates leased occupancy to exceed 95% by year-end and economic occupancy to reach approximately 90.2%. Five out of 11 planned dispositions have been completed or announced, with eight transactions expected to close by the year-end. A $7 billion refinancing plan, including a $2 billion refinancing of 245 Park, is substantially complete, with the latter expected to close in October 2026.

Management highlighted a strong New York office market, with rents rising and concessions tightening across the market. Despite near-term profitability challenges, the company has maintained dividend payments for 30 consecutive years, offering a 4.75% yield as of now.