
SLG Stock Forecast & Price Target
SLG Analyst Ratings
Bulls say
SL Green Realty's strong position in the Midtown Manhattan office market is underscored by the performance of premium assets with availability rates significantly lower than the broader market and a notable increase in high-value leases. Management anticipates over 10% year-over-year growth in cash same-store NOI for 2027, supported by robust leasing activity, including a surge in leasing volume and improved occupancy rates in recent quarters. Additionally, the sustained demand reflected in a stable leasing pipeline of approximately 1 million square feet, combined with favorable market trends, suggests a positive trajectory for the company's future earnings and occupancy rates.
Bears say
SL Green Realty is projected to experience a 12.8% year-over-year decline in normalized funds from operations per share (FFOps) in 2025, followed by modest growth in 2026, which reflects underlying concerns about future profitability. The company faces significant headwinds, including high leasing capital and interest expenses, along with uncertainty surrounding job growth and interest rates, which may negatively impact tenant demand and overall revenue generation. Additionally, SL Green's stock has underperformed in comparison to the VNQ, experiencing a 37% decline year-to-date, raising concerns over its financial stability amid a challenging 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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