SL Green Realty Corp is a prominent real estate investment trust (REIT) that focuses primarily on acquiring, owning, and managing commercial properties in New York City, particularly office buildings
The company is known for its extensive portfolio of high-quality properties located in prime urban locations, and it emphasizes value creation through strategic investments, leasing efforts, and property management. SL Green is dedicated to enhancing its assets' performance while fostering sustainable practices within its operations, catering to a diverse range of tenants from various industries.
COVID-19 has greatly diminished the value of office real estate in the US, leading to an increase in office-to-apartment conversions in cities like NYC.
For this long weekend, I am offering you food for thought. In the overall macro theme, I am sticking to this for time being:
Stagflation - The Fed can’t fix it with a huge reduction in rates, that will spike inflation.
It’s no secret that commercial real estate was hit hard by the lockdown era, and its recovery has been a slow one. But is SL Green’s recent performance – at long last – a sign of a turnaround?
It’s another risk-off day on Wall Street, with all major U.S. indices trading in the red. The CBOE Volatility Index (VIX), often referred to as the market’s fear gauge, spiked over 10%, reaching levels last seen in late April.
It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China.
