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REIT Comments |
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07/23/2010
SLG $57
SL Green Realty traded UP $0.65 per share to close UP +1% day
SLG outperformed Office REITs, UP +13% year to date for 2010
SLG investor concern over potential negative impact of financial reform bill
SLG far more exposed than most Office REITs to financial industry tenants, at more than 20% of NOI, including Citi at 13% of NOI
SLG previous guidance for FFO for 2010 indicated potential for (12%) decline
SLG an Office REIT with a portfolio of office properties concentrated in NYC
SLG we rank 4 SELL
SLG market cap $4.5 billion
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