SLG - Boom Times At SL Green

2024-07-19 17:52:21 ET

Summary

• SL Green's office business is booming while the rest of the industry struggles.
• Second quarter accomplishments include leasing over 66,000 retail square feet and announcing sales totaling $691 million.
• Management slightly raised cash flow guidance and plans to expand internationally.
• Office leasing exceeds 1.4 million square feet.
• The stock price has more than doubled since the bottom.

SL Green ( SLG ) management never got the memo about the supposed downturn in "office." Let's hope they never get it as business is absolutely booming while the rest of the industry has a very different story....

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