SL Green Realty Shares Rise Following Increased 2026 Earnings Guidance
SL Green Realty (SLG) saw its shares rise by 5.86% despite reporting third-quarter earnings that fell short of analyst expectations. The stock's upward movement was driven by the company's decision to raise its 2026 earnings guidance. The boost in guidance is attributed to one-time incremental income resulting from the sale of a stake in a joint venture. This strategic move provided enough positive outlook for investors to overlook the immediate quarterly miss.
Tickers: $SLG
Topics: earnings report guidance update REIT stock price movement