SL Green Realty Corp (SLG · NYSE)

SL Green's stock has fallen 11.8% over the past month to $51.01 despite a June quarter that beat estimates ($1.43 vs. $1.19 expected) and revenue up 27.3% year over year to $264.0M, though net income remained negative at -$26.5M and trailing earnings fell 98.2%. Leverage remains elevated at 14.5x debt/EBITDA on $5.17B of total debt, with operating cash flow of -$89.6M and free cash flow of -$115.0M for the quarter. Recent news flow has been constructive: Zacks upgraded the shares to strong-buy (consensus still hold), Scotiabank trimmed its target to $59.00, and a CompStak report flagged AI firms driving Manhattan office leasing, while the company sold 110 Greene Street for $226M as part of its disposition strategy. The stock sits 14.7% below its 52-week high with an RSI of 32 and an analyst target of $58.79.