- The stocks of players like SL Green (NYSE:SLG) and Paramount Group (NYSE:PGRE) are pricing in no rent growth, but rent are actually likely to fall a bit over the next 12-18 months, says analyst Vikram Malhotra,
- At most risk are those REITs with midtown and high-end exposure, as the vast majority of relocating tenants are doing so from midtown.
- He downgrades SL Green to Equalweight from Overweight, and Paramount to Underweight from Equalweight.
Morgan Stanley cautious on NYC-exposed office REITs
Recommended For You
About SLG Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
SLG | - | - |
SL Green Realty Corp. |