SL Green Realty traded at $47.12 this Thursday June 4th, increasing $2.61 or 5.86 percent since the previous trading session. Looking back, over the last four weeks, SL Green Realty gained 7.73 percent. Over the last 12 months, its price fell by 24.06 percent. Looking ahead, we forecast SL Green Realty to be priced at 44.50 by the end of this quarter and at 41.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
SL Green Realty Corp. is a self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, development, ownership, management, and operation of commercial and residential real estate properties, principally office properties, located in the New York metropolitan area. The Company operates through two segments: real estate and debt and preferred equity investments. Its business objective is to maximize the total return to stockholders, through net income attributable to common stockholders and funds from operations (FFO), and through asset value appreciation. The Company holds interests in approximately 77 buildings totaling 35.3 million square feet. This included interests in 27.1 million square feet of Manhattan buildings and 7.4 million square feet securing debt and preferred equity investments. It also manages two office buildings owned by third parties encompassing approximately 2.1 million square feet.