SL Green Realty Corp's Preferred Stock Yield Falls Below Average

In Friday trading, SL Green Realty Corp's preferred stock yield dropped under 7%, raising concerns. With shares trading at a 1.4% decline, investor sentiment may shift negatively.

Date: 10-01-2025

AI Rating: 5

SL Green Realty Corp's 6.50% Series I Cumulative Redeemable Preferred Stock (ticker: SLG.PRI) has shown a yield exceeding 7%, based on its quarterly dividend of $1.625. However, this yield is below the average yield of 7.93% within the "Real Estate" preferred stock category. This discrepancy might indicate a potential undervaluation or weaker performance in comparison to its peers.

Moreover, SLG.PRI is currently trading at a 6.28% discount to its liquidation preference. When compared to the average discount of 12.06% in the same category, this could suggest that investors find SLG.PRI relatively less appealing, possibly due to perceived risks within the company or industry.

On the trading day reported, SLG.PRI shares are noted to be down by 1.4%, while the common shares (SLG) declined by 4.5%. This downward trend could signal investor concerns about the company's near-term performance or broader market challenges affecting real estate investments.

Stocks: SLG