SL Green Realty has been frustrating, says Jim Cramer

Stock Performance & Market Influences - SL Green's stock performance has been frustratingly flat over the past 12 months [1] - The stock plunged from a peak of $82 to just over $45 in April, then rebounded to over $60 [2] - As of the report date, the stock is down 27% from its November highs and nearly 6% from the previous week [2] - Office real estate is currently heavily influenced by interest rates [3] - SL Green's stock soared after the Fed started cutting rates but fell apart when the Fed paused [3][4] Financial Implications of External Factors - High interest rates increase financing costs for real estate companies [4] - High interest rates make SL Green's 5.1% yield less attractive [4] Political & Economic Concerns - The election of a socialist mayor in New York City could negatively impact commercial real estate [5] - SL Green's stock fell 5.7% the day after the Democratic primary win by a socialist candidate [6]