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SL Green Realty ( (SLG) ) has issued an announcement.
On March 4, 2026, SL Green Realty Corp., as general partner of SL Green Operating Partnership, L.P., executed the thirty-second amendment to its limited partnership agreement to authorize and issue 252,000 Series Y Preferred Units with a $25.00 per-unit liquidation preference. The Series Y Preferred Units, issued as part of the consideration for acquiring interests in certain commercial real estate, carry a fixed 5.00% annual cash distribution and are non-convertible, underscoring SL Green’s continued use of tailored preferred equity to finance property transactions and refine its capital structure.
The Series Y Preferred Units were issued in a private transaction relying on an exemption from registration under the Securities Act of 1933. This structure allows SL Green to complete strategic real estate acquisitions while managing dilution and maintaining flexibility in its funding mix for ongoing portfolio and partnership-level initiatives.
The most recent analyst rating on (SLG) stock is a Sell with a $37.00 price target. To see the full list of analyst forecasts on SL Green Realty stock, see the SLG Stock Forecast page.
Spark’s Take on SLG Stock
According to Spark, TipRanks’ AI Analyst, SLG is a Neutral.
The score is held down primarily by weak financial quality (higher leverage and a sharp deterioration in 2025 cash generation) and a bearish technical setup (below key moving averages with negative MACD). A high dividend yield and a more optimistic earnings-call outlook on leasing/NOI provide partial support but do not outweigh the cash flow and balance-sheet risks.
To see Spark’s full report on SLG stock, click here.
More about SL Green Realty
SL Green Realty Corp. is a real estate investment trust focused on owning, managing, and acquiring commercial real estate, primarily office properties. Through its role as general partner of SL Green Operating Partnership, L.P., the company structures and finances property acquisitions using partnership equity and preferred units tailored to specific transactions.
Average Trading Volume: 1,380,203
Technical Sentiment Signal: Sell
Current Market Cap: $3.02B
Learn more about SLG stock on TipRanks’ Stock Analysis page.