NYC Office Market Outlook "Positive," Evercore Notes After SL Green (SLG) Investor Day

SL Green Realty Corp. (NYSE:SLG) is included among the 11 Worst Performing Dividend Stocks Year-to-Date.

On December 8, Evercore ISI trimmed the firm’s price target on SL Green Realty Corp. (NYSE:SLG) to $54 from $56 and maintained an Outperform rating on the shares, following the company’s investor day. The firm said that the company “painted a positive picture of NYC’s office market, despite some setbacks.”

SL Green Realty Corp. (NYSE:SLG) announced on December 5 the acquisition of its joint venture partners’ combined 39.48% stake in 800 Third Avenue for $5.1 million. The property is a 41-story glass and steel tower situated between 49th and 50th Streets on Midtown Manhattan’s east side. With this deal, SL Green now owns the building outright.

This deal could be one of SL Green Realty Corp. (NYSE:SLG)’s notable successes in the post-COVID world. The onset of the pandemic and the introduction of work-from-home weighed on the company. However, the company adapted to the new normal by leasing its vacant properties at profitable and competitive rates. In the third quarter of 2025, SL Green reported a 92.4% growth in same-store office occupancy in Manhattan. The company expects to increase the percentage by 93.2% by December 31, 2025.

In October, SL Green Realty Corp. (NYSE:SLG) inked a $730 million contract to purchase Park Avenue Tower, located at 65 East 55th Street. This acquisition will help the company deliver stable cash flows and enhance shareholder return. SLG currently offers monthly dividends to shareholders.

SL Green Realty Corp. (NYSE:SLG) is a real estate investment trust company that primarily invests in office buildings and shopping centers in New York City.

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