Piper Sandler cuts target for SL Green Realty stock to USD 64

Published on 10/15/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 264.0 million, up 16.5 percent year over year. SL Green Realty stock stood at EUR 40.87 on October 15, 2026.

Quarterly results and target revision

Piper Sandler lowered its SL Green Realty target to USD 64.00 from USD 79.00 on October 12, 2026.
Second-quarter revenue reached USD 264.0 million, up 16.5 percent year over year.
SL Green Realty stock stood at EUR 40.87 at 1:44 p.m. CEST at Lang & Schwarz on October 15, 2026.

SLG, US78440X8873, Illustration mit AI erstellt.

SL Green Realty (ISIN US78440X8873) faces a lower Piper Sandler target of USD 64.00, cut from USD 79.00 on October 12, 2026, according to Markets Insider. The company is scheduled to release third-quarter 2026 results after the market close on October 21, 2026, followed by its earnings conference call on October 22, according to SL Green Realty. At Lang & Schwarz, the stock stood at EUR 40.87 on October 15, 2026 at 1:44 p.m. CEST.

What does the target cut change?

Piper Sandler retained an Overweight rating while reducing its target by USD 15.00, a 18.99 percent cut from USD 79.00. The update followed a review of refinancing assumptions and company-specific estimates, according to Markets Insider. The lower target leaves the analyst view above the current euro quotation, but the currencies are different and are not directly compared here.

Which dates come next?

SL Green's next reporting date is October 21, 2026, when the office REIT is scheduled to publish third-quarter results after the market close. The conference call follows on October 22, 2026 at 2:00 p.m. EDT, according to SL Green Realty.

Why the next report matters

The second-quarter numbers provide the latest operating benchmark. Revenue was USD 264.0 million in the second quarter of 2026, up 16.5 percent from the prior-year quarter, while the reported loss was USD 0.38 per share versus a consensus loss of USD 0.59, according to MarketBeat. That comparison makes occupancy, leasing activity and refinancing costs central metrics for the October report.

Stock and portfolio context

SL Green held interests in 54 buildings totaling 30.6 million square feet as of June 30, 2026. Its portfolio included 29.2 million square feet of ownership interests and 1.4 million square feet securing debt and preferred equity investments. The company also manages four third-party buildings totaling 0.9 million square feet, according to SL Green Realty.

SL Green Realty was trading at EUR 40.87 at Lang & Schwarz on October 15, 2026 at 1:44 p.m. CEST. The primary listing is on the NYSE, where the stock's 52-week range was USD 34.77 to USD 60.09 as of October 14, 2026, and its market capitalization was USD 3.3 billion.

The further course of trading is shown by the continuously updated real-time quote of SL Green Realty stock.