Scotiabank Lowers SL Green Realty Price Target to $71 from $75

Scotiabank analyst Nicholas Yulico has lowered the price target on SL Green Realty to $71 from $75, maintaining a Sector Perform rating. The firm is updating its price targets for US Real Estate & REITs stocks ahead of Q2 earnings season, reflecting modest tweaks to occupancy and interest expense assumptions.

Scotiabank analyst Nicholas Yulico has revised the price target for SL Green Realty (SLG) to $71 from $75, while maintaining a Sector Perform rating. This adjustment reflects modest tweaks to occupancy and interest expense assumptions ahead of the Q2 earnings season. The update underscores the evolving market conditions and the firm's cautious approach to real estate investment trusts (REITs).

SL Green Realty, a leading Manhattan property owner and landlord, has been a focus of analysts due to its significant market presence and exposure to commercial real estate. The company's market capitalization and robust revenue growth have positioned it as a key player in the real estate sector. However, the recent downward adjustment in the price target suggests a cautious outlook on future performance.

The firm's analysts have adjusted their price targets for several REITs, reflecting a broader trend of modest revisions in the sector. This update comes as investors prepare for the upcoming earnings season, where companies will report their financial performance for the second quarter. The changes in occupancy and interest expense assumptions highlight the importance of these factors in the valuation of REITs.

SL Green Realty's stock has been trading at $63.6 as of July 14, 2025, with a 2.35% increase over the last 52 weeks. The company is expected to announce its quarterly earnings on July 16, 2025, with analysts estimating an earnings per share (EPS) of $0.52. Investors are eagerly anticipating the earnings release, hoping for positive news and guidance for the next quarter.

The adjustment in the price target by Scotiabank aligns with a broader trend of neutral analyst ratings for SL Green Realty. The consensus rating is Neutral, with an average one-year price target of $64.0, suggesting a potential 0.63% upside. This rating is in line with the company's performance relative to its peers, where it ranks at the bottom for Revenue Growth but in the middle for Gross Profit and Return on Equity.

Overall, the downward revision in the price target for SL Green Realty reflects a cautious outlook on the company's performance and the broader real estate sector. As investors await the earnings release, they should closely monitor the company's financial results and any guidance provided by management.

References:
[1] https://www.tipranks.com/news/the-fly/sl-green-realty-price-target-lowered-to-69-from-70-at-jpmorgan-thefly
[2] https://www.benzinga.com/insights/earnings/25/07/46420696/earnings-outlook-for-sl-green-realty
[3] https://www.marketbeat.com/instant-alerts/scotiabank-has-lowered-expectations-for-bxp-nysebxp-stock-price-2025-07-14/