Lumida
/SLG
⌘K
SL Green Realty Corp

SL Green Realty Corp

SLG
$51.54USD↓-0.39%-0.20 today

MARKET CAP

4.0B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$50 – $52

52W RANGE

$35
$66

AI Summary

Stalk
StalkMedium

SLG remains in a Stage 2 advancing medium-term uptrend, supported by rising EMAs and persistent higher highs and higher lows, despite a late-June Bullish Exhaustion signal. Short-term price is consolidating above the 9 and 21 EMAs with contraction in volume on pullbacks, indicating no clear entry signal. Given the medium-term bullish bias and neutral short-term timing, execution should be deferred for a pullback into the rising EMA support zone near the 21/50 EMA. The long-term trend is sideways, reflecting a lack of structural polarity over the broader horizon.

  • ↑Q1 leasing hit 51 deals, 930k sqft, with +16% mark-to-market rent uplift.
  • ↑Occupancy climbed to 92%, with year-end target of 93.2%.
  • ↓Negative earnings yield indicates cash-flow constraints amid elevated interest costs.
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The case for & against

Bull & Bear analysis

Bullish

SL Green Realty Corp (NYSE: SLG) is a leading real estate investment trust (REIT) primarily focused on acquiring and managing commercial properties, most notably in Manhattan's prime office market. The company has positioned itself strategically in high-demand areas, particularly in East Midtown, leveraging escalating rents and strong demand. With a diversified portfolio and a robust leasing activity underpinned by the resurgence in interest from technology and financial sectors, SL Green is poised to capitalize on the evolving landscape of NYC's commercial real estate.

Bull says

  • ↑Q1 leasing hit 51 deals, 930k sqft, with +16% mark-to-market rent uplift.
  • ↑Occupancy climbed to 92%, with year-end target of 93.2%.
  • ↑Revenue rose 12% YoY to $150M; FFO beat at $2.14/sh.
  • ↑Market rents projected to grow 20–25% over next 4–5 years.
  • ↑Dividend yield at 0.68%, with FAD aligned to payout.
  • ↑Strong profitability and book-to-price metrics suggest undervaluation.

Bear says

  • ↓Negative earnings yield indicates cash-flow constraints amid elevated interest costs.
  • ↓High leverage raises borrowing costs and interest-rate sensitivity.
  • ↓Weak growth and downward revisions dampen forward earnings visibility.
  • ↓Tenant concentration in finance and tech heightens demand risk.
  • ↓Stock volatility and low liquidity increase price swing potential.
  • ↓Low institutional ownership and rising short interest reflect bearish sentiment.

Investment themes with SLG

Office REITs↑ +0.69%

VNO · BXP · CUZ

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-02-2026neutral

Transcript signals

Bull points

  • I think the stock is, you know, terribly mispriced. And I don't even think you got to look that hard, you know, to sort of appreciate the magnitude of the discounted valuation relative to a fairly liquid and active market where it's not that hard to get price discovery and value discovery of assets we own, especially the kind of assets we have, which are well leased and the debt and equity cost of capital is kind of well known for these assets.
  • NOI was running ahead of our projections for the first quarter and the 2.6% positive was 300 basis points higher than what we expected.
  • NOI was, you know, running ahead of our projections. That 2.6% positive was 300 basis points higher than what we expected for the first quarter.

Bear points

  • Summit underperformed our expectations, but net-net, right on top of what we expected.
  • We didn't close, you know, big transactions in the quarter. To say nothing for DPOs that, you know, we still have in our projections for the balance of the year.
  • Summit underperformed our expectations, but net-net, right on top of what we expected.
Read full transcript analysis ›