SLG
SL Green Realty Corp (SLG) Q1 2026 Earnings Call Highlights: Record Leasing Activity and ...
Article Summary
HOLD- SL Green Realty Corp. (NYSE: SLG) reported record leasing activity, with 51 leases totaling 930,000 square feet signed and a 16% increase in mark-to-market rents, with vacancy rates dropping to 3.4% for Trophy buildings and $226 million deployed in debt funds since last quarter, with total commitments reaching $567 million out of a $1.3 billion fund.
- SL Green Realty made significant progress on its $2.5 billion disposition plan, including the sale of 690 Madison Avenue, with several transactions in the pipeline expected to close soon, and capitalized on opportunities in the credit market by committing $500 million from its $3 billion debt fund.
- However, economic occupancy remains below the target for the year, indicating potential challenges in achieving full occupancy, and the company faces a supply crunch with no new space deliveries anticipated for the next three years, potentially limiting growth opportunities.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 12.2% | 25% | 50.0 ptsMeets Minimum (12.2%) - Passes screener |
| EPS Growth Next 5Y ? | 1.7% | 25% | 10.0 ptsVery Weak (1.7%) - Minimal expectations |
| Target Price Upside ? | 12.6% | 20% | 50.0 ptsMeets Minimum (12.6%) - Target: $45.94 vs Current: $40.81 |
| Gross Margin % ? | 35.9% | 15% | 60.0 ptsSolid (35.9%) - Decent margins |
| Drawdown from 52-Wk High ? | -39.0% | 15% | 80.0 ptsSolid Dip (-39.0%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About SLG
- SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, debt investing, financing, development, redevelopment, construction and leasing.
- As of December 31, 2025, the Company held interests in 56 buildings totaling 31.4 million square feet.
- This included ownership interests in 28.0 million square feet in Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments, excluding fund investments.
- SL Green Realty Corp. was incorporated in 1980 in Maryland, USA.