
SLG Stock Forecast & Price Target
SLG Analyst Ratings
Bulls say
SL Green Realty is projected to experience significant growth in occupancy rates, with year-end stabilized occupancy expected to increase by 91 basis points in 2025, followed by larger increments of 149 and 145 basis points in 2026 and 2027, respectively. The company has also raised its Funds from Operations per Share (FFOPS) guidance by $0.40, attributed to the income generated from its debt and preferred equity portfolio, following a notable repayment of $200 million in commercial mortgage-backed securities. Additionally, there is potential for further net asset value per share upside, with projections indicating a rise to $78.00 if the company achieves its goal of 93% occupancy, which could be supported by enhanced tenant demand and a focus on quality office spaces in Midtown Manhattan.
Bears say
SL Green Realty's recent financial performance indicates a decrease in leasing activity, with Q2 leasing volume falling to 542,000 square feet from 602,000 in Q1 and a decline in the same-store leased rate to 91.4%, raising concerns about demand. The company's projected leasing capital expenditures are expected to decrease significantly from approximately $176 million in 2025 to about $139 million by 2027, amidst slowing new leasing commencements, which may hinder future cash flow and growth. Furthermore, a projected normalized FFO per share decline of 11.4% in 2025, alongside a significant shortfall in funds available for distribution relative to dividend commitments, contributes to a negative outlook for the stock.
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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