SL Green Realty shares exposed to WFH and Manhattan office market

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SL ($NYSE:SLG) Green Realty, a real estate investment trust, is the largest commercial landlord in Manhattan. The company is exposed to the risks of the WFH movement and the Manhattan office market. The WFH movement has gained momentum during the pandemic as employees have discovered that they can be productive outside of the office. This has led to concerns about the future of office space, particularly in Manhattan.

The Manhattan office market is already facing challenges due to high rents and a lack of new construction. The company’s shares have already been impacted by these trends, and they are likely to continue to be exposed to these risks in the future.

Share Price

So far, the news has been mostly negative for SL Green. On Thursday, the stock opened at $37.5 and closed at $37.4, down 2.0% from the previous day’s close of $38.2. The company is facing significant challenges in the near-term, but its long-term prospects remain sound. In the meantime, the company is taking steps to weather the current storms, including reducing its dividend payout and suspending share repurchases.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on SL GREEN REALTY are made simple by VI app. According to VI Star Chart SL GREEN REALTY is strong in dividend, medium in asset, profitability and weak in growth. SL GREEN REALTY has a low health score of 3/10 with regard to its cashflows and debt, is less likely to safely ride out any crisis without the risk of bankruptcy. SL GREEN REALTY is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. what type of investors may interested in such company. SL Green Realty’s fundamentals reflect its long term potential, as seen in the company’s VI Star Chart. The company is strong in dividend, medium in asset, profitability and weak in growth.

However, SL Green Realty has a low health score of 3/10 with regard to its cashflows and debt, which means it is less likely to safely ride out any crisis without the risk of bankruptcy. Despite this, the company is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes it an attractive investment for income-seeking investors.

VI Peers

The commercial real estate industry is highly competitive, with a large number of companies vying for market share. SL Green Realty Corp is one of the largest and most successful commercial real estate firms in the industry, with a long track record of success. The company’s main competitors are Picton Property Income Ltd, DDMP REIT Inc, and Cromwell Property Group. These firms are all large and well-established companies with significant resources and a strong presence in the industry.

– Picton Property Income Ltd ($LSE:PCTN)

The company’s market cap is 468.15M as of 2022. The company is a property income fund that invests in a portfolio of UK commercial properties. The company’s objective is to provide shareholders with an attractive level of income and capital growth by investing in a diversified portfolio of UK commercial properties.

– DDMP REIT Inc ($PSE:DDMPR)

Dividend and income-oriented real estate investment trust that owns and operates a diversified portfolio of real estate assets in the United States. The company’s portfolio includes office, retail, industrial, and residential properties.

– Cromwell Property Group ($ASX:CMW)

Cromwell Property Group is a real estate investment trust that owns and operates a portfolio of properties across Australia, New Zealand, and Europe. The company has a market cap of 5.46 billion as of 2022. Cromwell Property Group’s portfolio includes office, retail, industrial, and logistics properties. The company also owns and operates a number of hotels and serviced apartments.

Summary

SL Green Realty is a real estate investment trust that focuses on acquiring, managing, and developing office properties in Manhattan. The company’s shares are exposed to the Manhattan office market and the potential impact of working from home on the demand for office space. While the news has been mostly negative in recent months, SL Green Realty remains a well-positioned long-term investment. The company’s portfolio includes some of the most iconic office buildings in Manhattan, such as One Vanderbilt Avenue and One Madison Avenue.

SL Green Realty is also a major landlord in Times Square. The company has a strong track record of profitability and is one of the largest real estate investment trusts in the United States.