SL Green: Solid Q3 Results Reduce Melting Ice Cube Fears (Rating Upgrade) [Seeking Alpha]
SL Green Realty Corp (SLG)
Last sl green realty corp earnings: 4/22 05:01 pm
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US:NYSE Investor Relations:
slgreen.gcs-web.com/investor-relations
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Source: Seeking Alpha
9min Summary SL Green Realty's Q3 results were solid with strong leasing activity and cost control, but the stock's valuation now reflects these improvements. Despite initial fears, office occupancy has been better than expected, particularly in Manhattan, with significant renewals like Bloomberg's 11-year lease. SLG's balance sheet remains debt-heavy, making the stock volatile, but recent refinancing and property openings have improved its positioning. Given the current valuation and focus on balance sheet improvement, I recommend a "hold" rating, seeing limited upside, but no material downside absent a recession. Nisian Hughes/DigitalVision via Getty Images Shares of SL Green Realty ( NYSE: SLG ) have been a stunning performer over the past year, doubling to a 52-week-high, as many of the worst fears about office real estate have simply not come to pass. Shares did drop 2% after hours Wednesday in response to Q3 earnings, though some profit taking is not that surprisi
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SLG
News
- SL Green Realty Corp. (NYSE: SLG) had its price target raised by analysts at Jefferies Financial Group Inc. from $70.00 to $72.00. They now have a "hold" rating on the stock.MarketBeat
- SL Green Realty Corp. Announces Pricing of 5,063,291 Shares of Common StockGlobeNewswire
- SL Green Realty Corp. Announces Proposed Offering of Common StockGlobeNewswire
- SL Green and Mori Building Co., Ltd. Complete Investment in One Vanderbilt Avenue [Yahoo! Finance]Yahoo! Finance
- SL Green and Mori Building Co., Ltd. Complete Investment in One Vanderbilt AvenueGlobeNewswire
SLG
Earnings
- 10/16/24 - Miss
SLG
Sec Filings
- 11/21/24 - Form 424B2
- 11/21/24 - Form S-3ASR
- 10/25/24 - Form 4
- SLG's page on the SEC website