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Stock impact report

Real Estate Stocks Sink as Worries About AI Risks Spread [Yahoo! Finance Canada]

SL Green Realty Corp (SLG) 
Last sl green realty corp earnings: 4/22 05:01 pm Check Earnings Report
US:NYSE Investor Relations: slgreen.gcs-web.com/investor-relations
Most Read from Bloomberg An index tracking stocks of office real estate companies retreated 4.2%. Major decliners in the index include SL Green Realty Corp., Cousins Properties Inc., Kilroy Realty Corp. and BXP Inc. “Concerns about increased use of AI applications translating into reduced demand for office space have been around for some time, this is not new,” said Jeffrey Langbaum, an analyst covering office REITs for Bloomberg Intelligence. “However, after yesterday's selloff in the brokers, we are seeing the fear spill back over to the actual office space providers.” The two-day selloff across real estate stocks is among the latest in what analysts are calling the “AI scare trade.” “We're in a bit of a ‘ready fire aim' environment in financial services in general, with investors reacting sharply to even modest earnings misses given widespread fears of AI disruption,” Morningstar's Sean Dunlop said. Investors' concerns about AI disrupting business models have intensifi Show less Read more
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