BMO raises SL Green PT on tightening Manhattan office supply

Sl Green Realty

27/07/2026 10:55

** BMO lifts price target on office REIT SL Green Realty SLG.N to $60 from $52, reiterates "outperform" rating
** New PT implies an upside of 9.9% from the stock's last close
** Brokerage says co is well positioned to benefit from tightening office supply in Manhattan through 2031
** Adds tenant demand remains healthy, supported by New York City's talent pool, while stronger leasing activity and office attendance could boost sentiment
** BMO hikes 2026 FFO forecast to $5.73/share from prior estimate of $4.56/share
** Six of 17 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $54.50- data compiled by LSEG
** As of last close, stock had risen 19% YTD 

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))