Lumida
/SLG
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SL Green Realty Corp

SL Green Realty Corp

SLG
$53.08USD↑+2.81%+1.45 today

MARKET CAP

4.1B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$52 – $53

52W RANGE

$35
$66

AI Summary

Stalk
Sell NowMedium

SLG has broken sharply below its 9-EMA, 20-EMA, and 50-SMA on heavy volume, triggering a support failure pattern that invalidates the prior bullish medium-term bias. Short-term trend is firmly down, and medium-term structure now favors further downside toward 52.80 and potentially the 200-SMA near 46.04. Execution should focus on resistance retests at the fallen EMAs for bearish entry.

  • ↑Q2 FFO $1.43/sh, +20% vs est, 2026 FFO raised to $5.60–$5.90.
  • ↑Signed 53 Manhattan leases; occupancy at 94.7%, rents +18%.
  • ↓Analysts forecast ~9.4% annual revenue drop over next three years.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

SL Green Realty Corp. (NYSE: SLG) is a prominent real estate investment trust (REIT) specializing in acquiring, managing, and leasing commercial office properties in New York City. As a key player in the commercial real estate market, SL Green is well-positioned to capitalize on the ongoing recovery in urban office demand, focusing on maximizing rental income and occupancy rates amidst structural changes in the market.

Bull says

  • ↑Q2 FFO $1.43/sh, +20% vs est, 2026 FFO raised to $5.60–$5.90.
  • ↑Signed 53 Manhattan leases; occupancy at 94.7%, rents +18%.
  • ↑Management guides same-store NOI up 3.5%–4.5% in 2026.
  • ↑Book-to-price 2.25 implies undervaluation; dividend yield ~5.8%.
  • ↑Strong profitability factors; robust international investor appetite.
  • ↑Leverage positioned to capitalize on low rates for growth.

Bear says

  • ↓Analysts forecast ~9.4% annual revenue drop over next three years.
  • ↓Q2 net loss $0.38/sh; negative earnings yield signals underperformance.
  • ↓Negative growth factor indicates challenges expanding revenue base.
  • ↓High leverage score flags refinancing risk if rates rise.
  • ↓Negative QS score and elevated volatility may deter investors.
  • ↓NYC’s $2 bn budget shortfall could pressure tenant demand.

Investment themes with SLG

Office REITs↓ -1.64%

VNO · BXP · CUZ

Earnings Call · Q4 2025 · Mgmt. Guidance

Updated 08-03-2026bullish

Transcript signals

Bull points

  • From an earnings perspective, we printed an FFO beat of $0.02 a share, driven by higher NOI due to lower expenses, net of reimbursements, which came through both in the earnings beat and in same-store cash NOI that was better than we expected for the quarter.
  • we closed out another banner year.
  • More importantly, with 142,000 square feet signed so far in January and a pipeline of more than 1 million square feet behind that, we are well on our way to achieving our 2026 leasing goals, including our same-store occupancy objective of 94.8% by the end of the year.

Bear points

  • These positives were partially offset by lower operating profit from SUMMIT, which is affected by the later-than-expected opening of the Ascent premium experience in mid-November, and some additional maintenance costs we incur related to it.
  • These positives were partially offset by lower operating profit from SUMMIT, which is affected by the later-than-expected opening of the Ascent premium experience in mid-November, and some additional maintenance costs we incur related to it.
  • I know there's been a lot of talk recently about potential city budget deficits, $2 billion this coming fiscal year and up to $10 billion, the following.
Read full transcript analysis ›