
SLG Stock Forecast & Price Target
SLG Analyst Ratings
Bulls say
SL Green Realty's positive outlook is supported by a recovering CMBS market, with an anticipated $5.2 billion issuance in NYC office space, presenting the company with investment opportunities for pieces it can comfortably underwrite. The company's financial metrics indicate a strong upward trend, with a projected occupancy improvement of 150 basis points by year-end 2025 and an increase in funds from operations (FFO) estimates to $5.38 per share for 2025. Additionally, SL Green's consolidated fixed charge coverage ratio is expected to strengthen to 2.08x by the end of 2025, reflecting an enhanced balance sheet and robust leasing success in the Midtown Manhattan office market.
Bears say
SL Green Realty's operational outlook is adversely affected by expected weak Same Store Net Operating Income (SSNOI) growth, ranging from -1.5% to +0.5%, primarily due to tenant moveouts impacting occupancy rates. The company's current position is further compounded by the risks posed by prolonged high interest rates, sluggish job growth, and diminishing tenant demand, alongside challenges related to capital costs and availability. Furthermore, while SL Green trades at a 14% discount to NAV, it is still at a premium relative to its historical valuation metrics, with a significantly lower occupancy pipeline and anticipations of slightly negative rent spreads across its consolidated portfolio, raising concerns about future revenue growth.
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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