Kala Pharmaceuticals stock falls after $10 million share offering

Investing.com -- SL Green Realty Corp (NYSE:SLG) stock dropped 2.3% Friday after the New York-focused real estate investment trust provided 2026 earnings guidance that fell short of analyst expectations.

During its annual investor conference, SL Green projected funds from operations (FFO) per share of $4.40 to $4.70 for 2026, significantly below the analyst consensus estimate of $5.13. The company also forecast net income per share ranging from a loss of $0.27 to a gain of $0.03 for the year ending December 31, 2026.

The FFO guidance includes several adjustments to net income, including $2.58 per share in depreciation and amortization, $3.29 per share in joint ventures depreciation and noncontrolling interests adjustments, and a $0.12 per share net loss attributable to noncontrolling interests.

SL Green’s forecast also incorporates a $0.80 per share loss on sale of real estate and $1.82 per share in equity gains on sale of interest in unconsolidated joint ventures or real estate.

Additionally, the REIT announced a change to its dividend policy starting in fiscal year 2026. The company will shift from monthly to quarterly dividend payments while maintaining its cash payment structure.

The investor conference presentation was made available through webcast on the company’s website, with an audio replay and presentation materials accessible following the event.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Brazilian delivery service iFood is looking to acquire an employee-benefits business and has considered several companies including Ticket, the local unit of France’s Edenred SE, according to Bloomberg, citing a person familiar with the matter.

The Brazilian government provides incentives for employers to offer meal vouchers at local restaurants as a worker benefit. This program generates over $27 billion in annual transactions, creating a substantial market for companies like iFood and Ticket.

iFood already operates its own benefits program and is impacted by changes in relevant laws. The company sees strategic value in acquiring competitors to expand this unit, according to the source, who requested anonymity.

Through an acquisition, iFood would aim to increase its current base of 1 million beneficiaries and encourage users to spend more time on its platform, which also offers restaurant and grocery ordering services.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

SpaceX Tells Investors It’s Aiming For Late 2026 IPO - The Information

• The report cited people familiar with the discussions.