|Bid||18.80 x N/A|
|Ask||19.50 x N/A|
|Day's range||17.90 - 18.90|
|52-week range||17.90 - 75.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
SL Green Realty (NYSE: SLG) is a real estate investment trust (REIT), a corporate structure designed to invest properties and to pass on most of its taxable income to shareholders. Historically speaking, office REITs have had modest payout ratios because of this. As an example, every time a tenant vacates a space, landlords like SL Green have to look for a new tenant and (here's the expensive part) provide improvements to the location to get the new tenant in the door.
Cousins Properties' (CUZ) Q4 FFO per share outpaces expectations. The top line improves year over year on healthy leasing activity. It issues 2023 outlook for FFO per share.
Demand is getting weaker in the Manhattan office space market, and that's not good for SL Green.