From Financial Modeling Prep: 2025-03-17 12:34:00

SL Green Realty (NYSE:SLG) shares surged over 3% today following an upgrade from Evercore ISI, despite a slight price target reduction to $73 from $74. The stock’s recent 16% decline in 2025 presents a buying opportunity, with the company trading at a 35% discount to Evercore’s estimated NAV and a 7.6% implied cap rate.

Evercore ISI’s report highlighted SL Green’s solid leasing momentum in Q1 and the resilience of Midtown Manhattan’s high-quality office space. Analysts see significant upside potential for SL Green due to improving leasing activity and strong asset positioning in a tight market.



Read more at Financial Modeling Prep:: Evercore Upgrades SL Green Realty to Outperform, S…