SLG - SL Green Realty Stock: 3 Key Takeaways From First Quarter Earnings
2024-04-18 12:35:53 ET
Summary
- SL Green Realty continues to navigate one of the most challenging office markets in modern history.
- SLG reported strong first quarter earnings, with increased FFO guidance and positive momentum in leasing and investment activity.
- Management's proactive approach over the past four years has resulted in success for shareholders as SLG reemerges from a chaotic period.
SL Green Realty Corporation ( SLG ) is one of the few REITs focused exclusively on a single geography. SLG invests in high rise buildings in Manhattan, primarily focusing on office space with additional retail and residential space. A comprehensive list of SLG assets and investments can be found in their most recent investor presentation , current as of December 2023. Four years after the pandemic began, office assets remain negatively impacted by secular trends such as work from home and a wave of upcoming refinancings. SLG has proven fortuitous and nimble, leveraging their balance sheet and competitive advantages to survive and, more recently, thrive. SLG is reemerging as a leader in real estate, outperforming the sector at large over the past twelve months....
SL Green Realty Stock: 3 Key Takeaways From First Quarter Earnings