SL Green Realty Corp

SLG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.00	Sxgx	Tnfnkfmz

SL Green Earnings: Deleveraging by Disposing of Office Assets Augurs Well for Investors

Suryansh Sharma

Jul 20, 2023

No-moat-rated SL Green Realty reported funds from operations of $1.43 per share for the second quarter, 7.3% lower than the $1.87 per share in FFO in the year-ago period. The decline in FFO can largely be attributed to higher interest payments on the company’s debt and the challenging environment for office real estate in Manhattan. After incorporating second-quarter results, we are maintaining our $45 fair value estimate.

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