SL Green Realty Corp hits 52-week low amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2025
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Should l Buy SLG?
Source: 4
SL Green Realty Corp's stock declined by 6.39%, hitting a 52-week low amid a challenging market environment.
The company's recent acquisition of full ownership of 800 Third Avenue in Manhattan, along with mortgage modifications, reflects its strategic growth plans. However, the overall market sentiment remains weak, impacting stock performance.
Investors are closely monitoring SL Green's leasing goals and occupancy targets, as these factors will be crucial for recovery in the coming quarters.
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Analyst Views on SLG
Wall Street analysts forecast SLG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLG is 54.40 USD with a low forecast of 42.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
9 Hold
1 Sell
Moderate Buy
Current: 42.400
Low
42.00
Averages
54.40
High
66.00
Current: 42.400
Low
42.00
Averages
54.40
High
66.00
About SLG
SL Green Realty Corp. is a fully integrated real estate investment trust. The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment, and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings, and asset value appreciation. The Company holds interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Its properties include 1185 Avenue of the Americas, 810 Seventh Avenue, 711 Third Avenue, and 555 West 57th Street, 1350 Avenue of the Americas, and 10 East 53rd Street.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Leasing Activity: The company achieved 2.6 million square feet of Manhattan office leasing for 2026, exceeding expectations and indicating robust market demand, which further solidifies its position in New York's real estate sector.
- Increased International Interest: SL Green is attracting global investors, particularly from Asia, reflecting strong confidence in New York City's real estate market, which is expected to drive future capital inflows and project developments.
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- Strong Leasing Activity: The company closed nearly 800,000 square feet of Manhattan office leasing in Q4, totaling 2.6 million square feet for the year, reflecting a recovery in market demand and the company's leadership position in the sector.
- Optimistic Outlook: Management set a 2026 same-store occupancy target of 94.8%, projecting same-store NOI growth of 3.5% to 4.5%, indicating strong confidence in future market conditions.
- Refinancing and Disposition Plans: SL Green plans a $7 billion refinancing and a $2.5 billion asset disposition in 2026, aimed at optimizing its asset portfolio and enhancing financial flexibility to support future growth strategies.
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Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, reflecting a shift in market sentiment regarding their prospects, which could influence investor decisions and market trends.
- Overview of Changes: While specific upgrades and downgrades are not detailed, the overall rating changes may lead to short-term volatility in related stocks, prompting investors to closely monitor these shifts.
- Expected Market Reaction: Analyst rating adjustments typically trigger immediate market responses, especially when investor interest in specific stocks increases, potentially impacting short-term price movements.
- Investor Focus: For those considering purchasing GOOGL stock, analysts' perspectives will serve as a crucial reference point, potentially affecting their investment decisions and market confidence.
See More
Monthly Dividend Stocks Investment Strategy
- Monthly Dividend Advantage: Monthly paying stocks yield between 5% and 11%, with an average yield of 7.9%, meaning a $500,000 investment portfolio can generate $39,500 annually in dividend income while preserving principal, enhancing cash flow management.
- REIT Performance: Realty Income (O), a $55 billion REIT with 15,500 commercial properties, boasts 667 consecutive dividends, yet its lackluster performance in 2023 raises concerns about its growth potential amid economic slowdowns, necessitating close monitoring.
- Leverage Risks: SL Green Realty (SLG), Manhattan's largest landlord with nearly 31 million square feet of prime real estate, faces a 19% drop in 2026 FFO estimates and high leverage, increasing dividend volatility, prompting investors to exercise caution.
- High Yield Potential: Ellington Financial (EFC) leads with an 11.7% yield, primarily investing in mortgages through short-term borrowing; its recent secondary offering boosted dividend yield, making it attractive despite market fluctuations.
See More
SL Green Realty Reports Q4 Earnings Beat Driven by Strong Leasing Activity
- Earnings Beat: SL Green Realty reported a fourth-quarter FFO beat of $0.02 per share, driven by increased NOI and reduced expenses, demonstrating effective cost management that enhances market confidence.
- Strong Leasing Activity: The company achieved 2.6 million square feet of Manhattan office leasing for 2026, exceeding expectations and indicating robust market demand, which further solidifies its position in New York's real estate sector.
- Increased International Interest: SL Green is attracting global investors, particularly from Asia, reflecting strong confidence in New York City's real estate market, which is expected to drive future capital inflows and project developments.
- Optimistic Outlook: Despite potential risks from New York City's budget deficits, SL Green anticipates same-store NOI growth of 3.5% to 4.5% in 2027, reflecting the company's confidence in its future profitability.
See More
SL Green Realty Q4 2025 Earnings Call Insights
- Earnings Beat: SL Green Realty reported an FFO beat of $0.02 per share for Q4 2025, driven by higher net operating income and lower expenses, showcasing the company's strong performance in the market.
- Strong Leasing Activity: The company closed nearly 800,000 square feet of Manhattan office leasing in Q4, totaling 2.6 million square feet for the year, reflecting a recovery in market demand and the company's leadership position in the sector.
- Optimistic Outlook: Management set a 2026 same-store occupancy target of 94.8%, projecting same-store NOI growth of 3.5% to 4.5%, indicating strong confidence in future market conditions.
- Refinancing and Disposition Plans: SL Green plans a $7 billion refinancing and a $2.5 billion asset disposition in 2026, aimed at optimizing its asset portfolio and enhancing financial flexibility to support future growth strategies.
See More
SL Green (SLG) Q4 2025 Earnings Call Transcript
See More
New York Real Estate Trusts Decline Due to Mamdani's Wealth Tax Proposal
- New Tax Initiatives: The new mayor of New York City is focused on increasing taxes for the wealthiest residents.
- Impact on Real Estate: This tax strategy is causing pressure on stocks of real estate investment trusts, particularly those operating in the New York market.
See More
