Primary win by pro-rent freeze Mamdani knocks shares of Flagstar bank on NYC market exposure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2025
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Source: CNBC
Flagstar Bank's Stock Reaction: Shares of Flagstar Bank fell 6% following Zohran Mamdani's apparent victory in the New York City Democratic mayoral primary, raising concerns about potential rent freezes that could impact the bank's multi-family loan portfolio.
Impact on Real Estate Sector: Analysts have differing views on the potential effects of a rent freeze, with estimates suggesting significant exposure for Flagstar's loans, while other real estate stocks in New York City also experienced declines amid Mamdani's campaign proposals.
Analyst Views on SLG
Wall Street analysts forecast SLG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLG is 54.40 USD with a low forecast of 42.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
9 Hold
1 Sell
Moderate Buy
Current: 46.520
Low
42.00
Averages
54.40
High
66.00
Current: 46.520
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.








