SLG
SL Green Realty Corp (SLG) Q2 2026 Earnings Call Highlights: Strong Leasing Activity and Upward ...
Article Summary
BUY- SL Green Realty Corp. (NYSE: SLG) reported strong leasing activity driven by demand for premier Midtown office space, with office space leased in 50 million square feet over the past four quarters and economic occupancy up 300 basis points.
- SL Green Realty exceeded its leasing goals driven by scarcity of premier space in Midtown and raised its FFO guidance by 26% as leasing progress and reduced concessions improved cash flow.
- Despite strong leasing trends, the company faces challenges with debt refinancing and capital markets transactions, with a significant portion of its disposition plan weighted to the second half of the year and ongoing litigation and access issues related to the 346 Madison project potentially impacting timelines.
- Tourism in New York City has been reduced, impacting revenue from attractions like Summit at One Vanderbilt, although the company remains optimistic about future performance.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.5% | 25% | 35.0 ptsBelow Screener (7.5%) - Weak growth |
| EPS Growth Next 5Y ? | 4.5% | 25% | 10.0 ptsVery Weak (4.5%) - Minimal expectations |
| Target Price Upside ? | 1.0% | 20% | 10.0 ptsNear/At Target (1.0%) - Target: $53.06 vs Current: $53.61 |
| Gross Margin % ? | 33.5% | 15% | 40.0 ptsModerate (33.5%) - Adequate margins |
| Drawdown from 52-Wk High ? | -19.1% | 15% | 40.0 ptsMild Pullback (-19.1%) - Light entry opportunity |
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., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT.
- It focuses primarily on acquiring, managing and maximizing the value of Manhattan commercial properties.
- As of March 31, 2026, SL Green held interests in 55 buildings totaling 30.8 million square feet which included ownership interests in 29.4 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 3 buildings totaling 0.8 million square feet owned by third parties.
- SL Green Realty Corp. was incorporated in 1980 in Maryland and is based in New York.