Is it Wise to Retain SL Green (SLG) Stock in Your Portfolio? - Yahoo New Zealand News

SL Green Realty Corp.’s SLG portfolio of high-quality office properties located in the high barrier-to-entry real estate market of New York is well-poised to benefit from the recovering United States office real-estate market.With a gradual return of the workforce to offices, SLG has been witnessing an increase in demand for its properties, as evident by solid leasing activity. It signed 108 office leases for its Manhattan office portfolio spanning 1,940,043 square feet during the nine months that ended Sep 30, 2022. This is likely to boost SLG’s occupancy levels and rental revenues in the upcoming period. More so, office-space demand in the upcoming period is likely to be driven by de-densification to allow higher square footage per ...

Yahoo     Jun 26, 2024