2024-01-22 20:10:15 ET
Summary
- SL Green Realty Corp. is a REIT that owns, develops, and manages office properties primarily in the New York metropolitan area.
- There are some performance issues that could be related to a general lower demand for office space in Manhattan.
- However, I believe that the solid dividend yield and discount to NAV make up for them.
- Investors who are considering the preferred shares may need to think about the low yield differential here and the higher upside potential of the common stock.
SL Green Realty Corp. ( SLG ), incorporated in 1997 and headquartered in New York, NY, is a REIT that owns, develops, and manages primarily office properties in the New York metropolitan area....
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SL Green: The Common Seems Better Than The Preferred