SLG expands Manhattan office portfolio, increases debt $900M; net loss widens to $88.3M

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~2 min read

Key Changes

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  Acquired Park Avenue Tower in Q1 2026, contributing $18.4M in quarterly rental revenue; consolidated 315 West 33rd Street and 800 Third Avenue, adding 314K sq ft to Manhattan office portfolio.

  MD&A: Acquisitions & Consolidations verify on EDGAR →
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  Consolidated debt increased ~$900M year-over-year to $4.7B weighted average; variable rate exposure rose from 7.1% to 19.0% of total debt, increasing interest rate sensitivity to $7.9M per 100 bps.

  MD&A: Debt & Leverage verify on EDGAR →
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  Amended credit facility in March 2026, extending revolving maturity from May 2026 to June 2030 and adding $750M Term C Loans; liquidity declined from $1.1B to $0.6B as revolver draws increased $490M.

  Notes: 2026 Credit Facility verify on EDGAR →