
SLG Stock Forecast & Price Target
SLG Analyst Ratings
Bulls say
SL Green Realty is experiencing strong performance in its premium asset segment, with availability rates significantly lower than the broader Midtown market and a notable increase in high-value leases signed. The company anticipates over 10% year-over-year growth in cash same-store NOI for 2027, reflecting robust financial fundamentals and demand for its properties. Additionally, the leasing pipeline of approximately 1 million square feet and improving occupancy rates suggest sustained demand and potential for continued earnings growth in the coming years.
Bears say
The financial outlook for SL Green Realty is marred by a projected 12.8% year-over-year decline in normalized funds from operations per share (FFOps) for 2025, with uncertainties surrounding job growth and interest rates contributing to a challenging environment. Despite the management's optimistic stance on office to residential conversions and anticipated slight declines in office supply, the stock has underperformed significantly, dropping 37% year-to-date compared to the VNQ's 1% increase. High leasing capital and interest expense are expected to remain substantial headwinds, raising concerns about the company's ability to meet future leasing and revenue projections amid an uncertain economic landscape.
This aggregate rating is based on analysts' research of SL Green Realty and is not a guaranteed prediction by Public.com or investment advice.
SLG Analyst Forecast & Price Prediction
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