
SLG Stock Forecast & Price Target
SLG Analyst Ratings
Bulls say
SL Green Realty's management anticipates a significant increase in cash same-store NOI, projecting a growth of over 10% year-over-year for 2027, reflecting a positive trend in the company's financial performance. Additionally, total occupancy rates are expected to improve by approximately 20 basis points in the fourth quarter of 2025 and an additional 90 basis points in 2026, indicating a recovery in demand for office space. The company's proactive leasing strategy is evident, with 2.3 million square feet leased year-to-date, positioning SL Green Realty ahead of its original leasing guidance and supporting a strong outlook for future cash flow growth.
Bears say
The analysis indicates a negative outlook for SL Green Realty, primarily due to projected declines in normalized funds from operations per share (FFOps), with estimates reflecting a 12.8% decrease anticipated in 2025, followed by only modest recovery in subsequent years. The firm faces significant challenges, including high leasing capital and interest expenses, alongside ongoing uncertainty regarding job growth and interest rates, which could exacerbate difficulties in tenant demand. Additionally, a substantial drop in funds available for distribution per share (FADps) below the dividend payout reflects underlying financial strain, contributing to a year-to-date share price decline of 24% compared to a modest gain for the broader REIT sector.
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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