SL Green Appears Undervalued, Yet Mamdani's Tax Proposal Poses a Risk
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Should l Buy SLG?
Source: Barron's
- Stock Valuation: Shares of SL Green Realty, a major player in Manhattan's office market, are perceived as undervalued.
- Dividend Yield Risk: The company's 7.8% dividend yield comes with associated risks that investors need to consider.
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Analyst Views on SLG
Wall Street analysts forecast SLG stock price to rise
15 Analyst Rating
5 Buy
9 Hold
1 Sell
Moderate Buy
Current: 35.880
Low
42.00
Averages
54.40
High
66.00
Current: 35.880
Low
42.00
Averages
54.40
High
66.00
About SLG
SL Green Realty Corp. is a fully integrated real estate investment trust. The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment, and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings, and asset value appreciation. The Company holds interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Its properties include 1185 Avenue of the Americas, 810 Seventh Avenue, 711 Third Avenue, and 555 West 57th Street, 1350 Avenue of the Americas, and 10 East 53rd Street.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SL Green Realty Corp Anticipates New Financing to Finalize in Q1 2026, Substituting $1.25 Billion Facility
- New Financing Announcement: Green Realty Corp is expected to close a new financing deal in the first quarter of 2026.
- Significant Investment: The financing will replace a facility valued at $1.25 billion.
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SL Green Realty Corp Secures Five-Year Financing at 5.81% Interest Rate
- Financing Overview: S.L.G.R.E.E.N Realty Corp has announced a five-year financing plan.
- Interest Rate Details: The financing is priced at an interest rate of 5.81%.
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- Financing Announcement: SL Green has secured financing for the One Madison Avenue project.
- Total Amount: The financing amounts to $1.65 billion.
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- Dividend Declaration: Ennis's Board of Directors has declared a cash dividend of $0.25 per share, payable on May 4, 2026, which aims to reward shareholders and enhance investor confidence.
- Record Date for Shareholders: The record date for this dividend is April 13, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby stabilizing the shareholder base.
- Mesa Royalty Trust Distribution: Mesa Royalty Trust announced a distribution of $0.005730260 per unit for March 2026, payable on April 30, 2026, demonstrating the trust's stable income-generating capability.
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- Dividend Increase: The company raised its quarterly dividend by 15%, reflecting enhanced profitability and potentially attracting more income-focused investors, which could further drive stock price appreciation.
- Growth Target Upgrade: nVent Electric raised its three-year growth targets, projecting adjusted operating margins to rise from 20% to approximately 22%, showcasing the company's confidence in future performance, leading to a stock price increase of over 4%.
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Major Wall Street Rating Changes on Wednesday
- Starbucks Downgrade: RBC downgraded Starbucks from Outperform to Sector Perform, citing a slower-than-expected turnaround in the U.S. business, which has not yielded the anticipated small investments, making it difficult to justify an Outperform rating and negatively impacting stock performance.
- NRG Energy Upgrade: Wolfe upgraded NRG Energy from Peer Perform to Outperform, highlighting its strong positioning as a data center beneficiary with over 6 GW of gas new build potential, which enhances the company's diversification and long-term power generation capabilities.
- Block Stock Outlook: Truist upgraded Block from Hold to Buy, noting that after a ~40% reduction in workforce, the stock has significantly de-rated, and improving free cash flow could lead to unexpected capital returns, boosting market confidence.
- Netflix Reinstatement: Citi reinstated Netflix as Buy, forecasting an increase in FY26 EBIT guidance and a U.S. price hike in Q4 2026, with these catalysts expected to drive a stock price increase of 5% to 17%.
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SL Green Realty Corp Anticipates New Financing to Finalize in Q1 2026, Substituting $1.25 Billion Facility
- New Financing Announcement: Green Realty Corp is expected to close a new financing deal in the first quarter of 2026.
- Significant Investment: The financing will replace a facility valued at $1.25 billion.
See More
SL Green Realty Corp Secures Five-Year Financing at 5.81% Interest Rate
- Financing Overview: S.L.G.R.E.E.N Realty Corp has announced a five-year financing plan.
- Interest Rate Details: The financing is priced at an interest rate of 5.81%.
See More
SL Green Secures $1.65 Billion Refinancing for One Madison Avenue
- Financing Announcement: SL Green has secured financing for the One Madison Avenue project.
- Total Amount: The financing amounts to $1.65 billion.
See More
Ennis Declares Quarterly Cash Dividend
- Dividend Declaration: Ennis's Board of Directors has declared a cash dividend of $0.25 per share, payable on May 4, 2026, which aims to reward shareholders and enhance investor confidence.
- Record Date for Shareholders: The record date for this dividend is April 13, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby stabilizing the shareholder base.
- Mesa Royalty Trust Distribution: Mesa Royalty Trust announced a distribution of $0.005730260 per unit for March 2026, payable on April 30, 2026, demonstrating the trust's stable income-generating capability.
- ReposiTrak Dividend: ReposiTrak declared a quarterly dividend of $0.02, totaling $0.08 annually, expected to be paid on May 15, 2026, reflecting the company's ongoing profitability and commitment to shareholders.
See More
Williams-Sonoma Surpasses Earnings Expectations
- Earnings Beat: Williams-Sonoma reported earnings of $3.04 per share, exceeding LSEG's estimate of $2.90, resulting in a 6% stock price increase, indicating strong performance in the home goods market and boosting investor confidence.
- Dividend Increase: The company raised its quarterly dividend by 15%, reflecting enhanced profitability and potentially attracting more income-focused investors, which could further drive stock price appreciation.
- Growth Target Upgrade: nVent Electric raised its three-year growth targets, projecting adjusted operating margins to rise from 20% to approximately 22%, showcasing the company's confidence in future performance, leading to a stock price increase of over 4%.
- Stock Buyback Plan: ZTO Express announced a $1.5 billion stock buyback plan, expected to enhance shareholder returns, with shares jumping 7% following a fourth-quarter earnings report that surpassed expectations, demonstrating strong performance in a competitive delivery market.
See More
Major Wall Street Rating Changes on Wednesday
- Starbucks Downgrade: RBC downgraded Starbucks from Outperform to Sector Perform, citing a slower-than-expected turnaround in the U.S. business, which has not yielded the anticipated small investments, making it difficult to justify an Outperform rating and negatively impacting stock performance.
- NRG Energy Upgrade: Wolfe upgraded NRG Energy from Peer Perform to Outperform, highlighting its strong positioning as a data center beneficiary with over 6 GW of gas new build potential, which enhances the company's diversification and long-term power generation capabilities.
- Block Stock Outlook: Truist upgraded Block from Hold to Buy, noting that after a ~40% reduction in workforce, the stock has significantly de-rated, and improving free cash flow could lead to unexpected capital returns, boosting market confidence.
- Netflix Reinstatement: Citi reinstated Netflix as Buy, forecasting an increase in FY26 EBIT guidance and a U.S. price hike in Q4 2026, with these catalysts expected to drive a stock price increase of 5% to 17%.
See More
