SL Green Realty Corp. (SLG)
Down -11.17% in 4 Weeks, Here's Why You Should You Buy the Dip in SL Green (SLG)
SL Green (SLG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Key Reasons to Add SL Green to Your Portfolio Right Now
Healthy demand for SLG's premier office spaces, a solid tenant base and opportunistic investments bode well for long-term growth.
SLG Raises 2024 FFO Guidance, Announces Lease Renewal & Transactions
SL Green raises 2024 FFO per share guidance, secures lease renewal and announces a series of transactions at 100 Park Avenue building.
SL Green Rewards Investors With Dividend Hike: Is it Sustainable?
SLG's latest dividend hike reflects its ability to generate decent cash flows from its high-quality portfolio.
SL Green To Strengthen Portfolio With Acquisition of 500 Park Avenue
SL Green's acquisition of 500 Park Avenue marks a strategic addition to its portfolio in the highly coveted Park Avenue corridor.
SL Green Common Stock Offering
Historically, common stock offerings often lead to a 50% price drop (or more) within 18 months, as noted by David Dreman in "Contrarian Investing". Kenneth Fischer's "Super Stocks" highlights that stocks in recovery phases can defy this trend. SL Green appears to be recovering from a multi-year down cycle, suggesting potential for stock price appreciation as management uses funds for business expansion.
SL Green Secures Extension of $742.8M Mortgage on 1515 Broadway
SLG's extension of loan on 1515 Broadway enhances the debt maturity profile.
SL Green Realty Stock Up 23.6% in 3 Months: Will the Trend Last?
Healthy demand for premier office properties, a solid tenant base and strategic investments are key upsides for SLG.
SL Green Preferreds: Warranted Improvement In Sentiment, But Low Risk Premium
Manhattan is doing better now, with a bottom found in the market for leases. Redeveloping obsolete properties, potentially converting some to residential, could significantly improve income in our rosy forecasts. Even without it, the better baseline scenario seems to be just about sustainable for the preferred dividend burden, despite incoming interest increases on maturing fixed-rate debt.
SL Green: Break Time As Part Of A Fantastic Year
SL Green is on track to lease over 3 million sq ft. Occupancy is expected to climb to 92.5% by the end of the fiscal year. The stock has more growth potential due to successful building modernizations and new asset management ventures.
SL Green Realty Corp. (SLG) Q3 2024 Earnings Call Transcript
SL Green Realty Corp. (NYSE:SLG ) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Financial Officer Steve Durels - EVP, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Nick Yulico - Scotia Bank Michael Lewis - Tourist Securities Anthony Paolone - JPMorgan Omotayo Okusanya - Deutsche Bank Jeff Spector - Bank of America Peter Abramowitz - Jefferies Caitlin Burrows - Goldman Sachs Operator Thank you, everybody, for joining us. Welcome to the SL Green Realty Corp's Third Quarter 2024 Earnings Results Conference Call.
SL Green's Q3 FFO Lags Estimates, Revenues Improve Y/Y
SLG's Q3 FFO misses estimates. Higher interest expenses undermine decent leasing activity and higher rental property revenues.
