Why SL Green is on a selling tear right now

  Why bother buying buildings when you can just buy your own shares? That, at least, appears to be SL Green Realty’s thinking. The real estate investment trust expanded its share buyback program to $1.5 billion in December while shedding stakes in commercial properties, the Wall Street Journal reported. The rationale: SL Green’s shares trade for less than its buildings are supposedly worth, and buying more of them could be the easiest way to boost […]

Source: Real Estate

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