SLG - NYSE

SL Green Realty Corp.

SL Green Realty Corp.

SLGยทNYSE

$46.64

+4.6%
Real EstateREIT - Office

SL Green Realty Corp., an S&P 500 company and Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$3.32B
EPS-1.2100
P/E Ratio-38.55
Earnings Date07/15/2026
SL Green Realty Corp.

SL Green Realty Corp. Fair Value Envelope

SLG ยท NYSE

Our analysis suggests that SLG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $46.64, this represents a potential HIDDEN relative to our calculated worth for SL Green Realty Corp..

HIDDEN
Intrinsic Value
Current Price: $46.64

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.7B
+ Cash & Equivalents$336.5M
Firm Value$2.1B
- Debt$8.0B
Equity Value-$5.9B
/ Shares Outstanding71,025,886B
DCF Value-$83
OVERVALUED BY 278%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$86.8M
$90.8M
$95.1M
$99.5M
$104.2M
$109.1M
$114.2M
$119.5M
$125.1M
$131.0M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$86.8M
$90.8M
$95.1M
$99.5M
$104.2M
$109.1M
$114.2M
$119.5M
$125.1M
$131.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$80.4M
$77.9M
$75.5M
$73.2M
$70.9M
$68.7M
$66.6M
$64.6M
$62.6M
$60.7M
Terminal Value represents 59.5% of Enterprise Value

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