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Real Estate - REIT - Office - NYSE - US
$ 75.64
-0.539 %
$ 4.96 B
Market Cap
-29.66
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one SLG stock under the base case scenario is HIDDEN Compared to the current market price of 75.6 USD, SL Green Realty Corp. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SLG

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FINANCIALS
914 M REVENUE
10.52%
-719 M OPERATING INCOME
-638.43%
-557 M NET INCOME
-630.38%
230 M OPERATING CASH FLOW
-16.87%
171 M INVESTING CASH FLOW
-59.76%
-449 M FINANCING CASH FLOW
31.37%
140 M REVENUE
-41.13%
72.7 M OPERATING INCOME
29.14%
-7.8 M NET INCOME
-219.90%
-50 M OPERATING CASH FLOW
-67.07%
-192 M INVESTING CASH FLOW
-145.18%
142 M FINANCING CASH FLOW
167.75%
Balance Sheet Decomposition SL Green Realty Corp.
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Current Assets 794 M
Cash & Short-Term Investments 231 M
Receivables 310 M
Other Current Assets 252 M
Non-Current Assets 8.74 B
Long-Term Investments 3.34 B
PP&E 5.02 B
Other Non-Current Assets 377 M
Current Liabilities 311 M
Accounts Payable 153 M
Short-Term Debt 611 M
Other Current Liabilities -453 M
Non-Current Liabilities 4.2 B
Long-Term Debt 3.81 B
Other Non-Current Liabilities 391 M
EFFICIENCY
Earnings Waterfall SL Green Realty Corp.
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Revenue 914 M
Cost Of Revenue 478 M
Gross Profit 436 M
Operating Expenses 111 M
Operating Income -719 M
Other Expenses -162 M
Net Income -557 M
RATIOS
47.67% GROSS MARGIN
47.67%
-78.69% OPERATING MARGIN
-78.69%
-60.99% NET MARGIN
-60.99%
-13.08% ROE
-13.08%
-5.85% ROA
-5.85%
-9.28% ROIC
-9.28%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis SL Green Realty Corp.
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Net Income -557 M
Depreciation & Amortization 248 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 2.95 M
Others 513 M
Free Cash Flow 230 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets SL Green Realty Corp.
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Wall Street analysts predict an average 1-year price target for SLG of $63.8 , with forecasts ranging from a low of $43 to a high of $90 .
SLG Lowest Price Target Wall Street Target
43 USD -43.15%
SLG Average Price Target Wall Street Target
63.8 USD -15.63%
SLG Highest Price Target Wall Street Target
90 USD 18.98%
4. DIVIDEND ANALYSIS
2.42% DIVIDEND YIELD
0.25 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership SL Green Realty Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
933 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
9 months ago
Feb 09, 2024
Sell 227 K USD
Brown Carol N
Director
- 5118
44.37 USD
9 months ago
Jan 26, 2024
Sell 238 K USD
HATKOFF CRAIG M
Director
- 5100
46.75 USD
9 months ago
Jan 26, 2024
Sell 467 K USD
ATKINS BETSY S
Director
- 9894
47.25 USD
1 year ago
Nov 02, 2023
Sell 5.68 M USD
MATHIAS ANDREW W
PRESIDENT
- 176960
32.08 USD
1 year ago
Aug 14, 2023
Sell 233 K USD
BURTON EDWIN T III
Director
- 6800
34.3001 USD
1 year ago
May 16, 2023
Sell 107 K USD
ATKINS BETSY S
Director
- 5000
21.47 USD
1 year ago
Mar 24, 2023
Bought 164 K USD
DiLiberto Matthew J.
CHIEF FINANCIAL OFFICER
+ 10000
16.44 USD
1 year ago
Mar 24, 2023
Bought 162 K USD
LEVINE ANDREW S
CHIEF LEGAL OFFICER & GC
+ 10000
16.24 USD
1 year ago
Mar 03, 2023
Sell 309 K USD
HATKOFF CRAIG M
Director
- 9000
34.31 USD
2 years ago
Feb 17, 2022
Sell 283 K USD
BURTON EDWIN T III
Director
- 3476
81.4 USD
2 years ago
Feb 14, 2022
Sell 275 K USD
HATKOFF CRAIG M
Director
- 3560
77.31 USD
2 years ago
Dec 07, 2021
Sell 450 K USD
ALSCHULER JOHN H JR
Director
- 6000
74.96 USD
3 years ago
Sep 20, 2021
Sell 216 K USD
ATKINS BETSY S
Director
- 3229
66.85 USD
3 years ago
Nov 24, 2020
Sell 13.1 K USD
ALSCHULER JOHN H JR
Director
- 201
65.23 USD
3 years ago
Feb 26, 2021
Bought 474 K USD
HOLLIDAY MARC
Chief Executive Officer
+ 18707
25.33 USD
3 years ago
Feb 25, 2021
Bought 16 K USD
HOLLIDAY MARC
Chief Executive Officer
+ 636
25.22 USD
3 years ago
Feb 11, 2021
Sell 385 K USD
MATHIAS ANDREW W
President
- 5928
65 USD
3 years ago
Feb 12, 2021
Sell 5.83 M USD
MATHIAS ANDREW W
President
- 89498
65.09 USD
3 years ago
Feb 16, 2021
Sell 834 K USD
MATHIAS ANDREW W
President
- 12836
65 USD
3 years ago
Feb 05, 2021
Sell 414 K USD
BURTON EDWIN T III
Director
- 6500
63.65 USD
3 years ago
Feb 01, 2021
Sell 391 K USD
HATKOFF CRAIG M
Director
- 6000
65.17 USD
4 years ago
Jun 09, 2020
Sell 1.97 M USD
GREEN STEPHEN L
Director
- 34422
57.21 USD
4 years ago
Jun 10, 2020
Sell 3.65 M USD
GREEN STEPHEN L
Director
- 65478
55.75 USD
4 years ago
Jun 10, 2020
Sell 5.66 K USD
GREEN STEPHEN L
Director
- 100
56.57 USD
5 years ago
Jul 23, 2019
Sell 567 K USD
BURTON EDWIN T III
Director
- 7000
81 USD
5 years ago
May 06, 2019
Sell 557 K USD
ATKINS BETSY S
Director
- 6470
86.08 USD
5 years ago
Mar 12, 2019
Sell 191 K USD
DiLiberto Matthew J.
Chief Financial Officer
- 2084
91.66 USD
5 years ago
Feb 04, 2019
Sell 231 K USD
HATKOFF CRAIG M
Director
- 2500
92.24 USD
5 years ago
Dec 19, 2018
Sell 912 K USD
HOLLIDAY MARC
Chief Executive Officer
- 10855
83.98 USD
5 years ago
Dec 20, 2018
Sell 1.7 M USD
HOLLIDAY MARC
Chief Executive Officer
- 21000
81.05 USD
5 years ago
Dec 20, 2018
Sell 1.04 M USD
HOLLIDAY MARC
Chief Executive Officer
- 12711
81.68 USD
5 years ago
Dec 20, 2018
Sell 108 K USD
HOLLIDAY MARC
Chief Executive Officer
- 1289
83.6 USD
5 years ago
Dec 21, 2018
Sell 531 K USD
HOLLIDAY MARC
Chief Executive Officer
- 6559
80.9 USD
5 years ago
Dec 19, 2018
Sell 3.33 M USD
HOLLIDAY MARC
Chief Executive Officer
- 39031
85.24 USD
5 years ago
Dec 21, 2018
Sell 1.1 M USD
HOLLIDAY MARC
Chief Executive Officer
- 13441
81.82 USD
5 years ago
Dec 19, 2018
Sell 438 K USD
HOLLIDAY MARC
Chief Executive Officer
- 5114
85.73 USD
6 years ago
Oct 26, 2018
Sell 365 K USD
DiLiberto Matthew J.
Chief Financial Officer
- 3967
92.07 USD
6 years ago
Oct 29, 2018
Sell 2.86 M USD
DiLiberto Matthew J.
Chief Financial Officer
- 31033
92.3 USD
6 years ago
Aug 22, 2018
Sell 104 K USD
LEVY JOHN S
Director
- 1000
103.58 USD
6 years ago
Aug 08, 2018
Sell 6.85 M USD
MATHIAS ANDREW W
President
- 65000
105.34 USD
6 years ago
May 08, 2018
Sell 1.5 M USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 15000
100.23 USD
6 years ago
Feb 06, 2018
Sell 319 K USD
HATKOFF CRAIG M
Director
- 3400
93.73 USD
6 years ago
Jan 29, 2018
Bought 199 K USD
HOLLIDAY MARC
Chief Executive Officer
+ 7880
25.2 USD
6 years ago
Dec 20, 2017
Sell 5.18 M USD
HOLLIDAY MARC
Chief Executive Officer
- 52000
99.69 USD
6 years ago
Dec 20, 2017
Sell 5.88 M USD
HOLLIDAY MARC
Chief Executive Officer
- 58493
100.51 USD
6 years ago
Dec 20, 2017
Sell 5.04 M USD
HOLLIDAY MARC
Chief Executive Officer
- 49507
101.77 USD
6 years ago
Dec 12, 2017
Sell 619 K USD
LEVY JOHN S
Director
- 6000
103.23 USD
7 years ago
Jun 22, 2017
Sell 640 K USD
ALSCHULER JOHN H JR
Director
- 6000
106.74 USD
7 years ago
Mar 21, 2017
Sell 644 K USD
LEVY JOHN S
Director
- 6000
107.25 USD
7 years ago
Mar 01, 2017
Sell 3.44 M USD
DiLiberto Matthew J.
Chief Financial Officer
- 30000
114.79 USD
7 years ago
Mar 01, 2017
Sell 2.16 M USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 18965
113.89 USD
7 years ago
Mar 01, 2017
Sell 1.57 M USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 13735
114.36 USD
7 years ago
Feb 27, 2017
Sell 311 K USD
HATKOFF CRAIG M
Director
- 2800
111.05 USD
7 years ago
Feb 24, 2017
Sell 10.6 M USD
GREEN STEPHEN L
Chairman
- 95000
111.16 USD
7 years ago
Feb 22, 2017
Sell 1.11 M USD
BURTON EDWIN T III
Director
- 9900
112.43 USD
7 years ago
Dec 21, 2016
Sell 2.28 M USD
HOLLIDAY MARC
Chief Executive Officer
- 21100
108.18 USD
7 years ago
Dec 21, 2016
Sell 1.78 M USD
HOLLIDAY MARC
Chief Executive Officer
- 16277
109.18 USD
7 years ago
Dec 21, 2016
Sell 6.53 M USD
HOLLIDAY MARC
Chief Executive Officer
- 59223
110.34 USD
7 years ago
Dec 22, 2016
Sell 2.12 M USD
HOLLIDAY MARC
Chief Executive Officer
- 19954
106.06 USD
7 years ago
Dec 22, 2016
Sell 2.6 M USD
HOLLIDAY MARC
Chief Executive Officer
- 24446
106.5 USD
7 years ago
Dec 15, 2016
Sell 108 K USD
ATKINS BETSY S
Director
- 1000
107.91 USD
7 years ago
Dec 16, 2016
Sell 109 K USD
ATKINS BETSY S
Director
- 1000
109.15 USD
7 years ago
Dec 13, 2016
Sell 1.03 M USD
DiLiberto Matthew J.
Chief Financial Officer
- 9100
112.686 USD
8 years ago
Aug 01, 2016
Bought 941 K USD
HOLLIDAY MARC
Chief Executive Officer
+ 34809
27.04 USD
8 years ago
Jul 28, 2016
Bought 67.8 K USD
HOLLIDAY MARC
Chief Executive Officer
+ 2531
26.8 USD
8 years ago
Jul 28, 2016
Sell 35 K USD
BURTON EDWIN T III
Director
- 300
116.5 USD
8 years ago
Jul 26, 2016
Bought 1 M USD
HOLLIDAY MARC
Chief Executive Officer
+ 37340
26.84 USD
8 years ago
Jul 25, 2016
Sell 981 K USD
HATKOFF CRAIG M
Director
- 8500
115.41 USD
8 years ago
Apr 25, 2016
Sell 632 K USD
LEVY JOHN S
Director
- 6000
105.39 USD
8 years ago
Apr 25, 2016
Sell 2.64 M USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 25000
105.54 USD
8 years ago
Apr 26, 2016
Sell 1.38 M USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 13000
106.33 USD
8 years ago
Feb 24, 2016
Sell 261 K USD
HATKOFF CRAIG M
Director
- 2950
88.36 USD
8 years ago
Dec 22, 2015
Sell 2.09 M USD
HOLLIDAY MARC
Chief Executive Officer
- 18890
110.65 USD
8 years ago
Dec 22, 2015
Sell 1.75 M USD
HOLLIDAY MARC
Chief Executive Officer
- 15810
110.94 USD
8 years ago
Dec 22, 2015
Sell 948 K USD
HOLLIDAY MARC
Chief Executive Officer
- 8580
110.5 USD
8 years ago
Dec 22, 2015
Sell 2.89 M USD
HOLLIDAY MARC
Chief Executive Officer
- 26076
110.88 USD
8 years ago
Dec 21, 2015
Sell 4.12 M USD
HOLLIDAY MARC
Chief Executive Officer
- 37548
109.76 USD
8 years ago
Dec 21, 2015
Sell 4.18 M USD
HOLLIDAY MARC
Chief Executive Officer
- 38096
109.77 USD
9 years ago
May 07, 2015
Sell 424 K USD
BURTON EDWIN T III
Director
- 3500
121.01 USD
9 years ago
Apr 27, 2015
Sell 384 K USD
HATKOFF CRAIG M
Director
- 2962
129.52 USD
9 years ago
Mar 23, 2015
Sell 6.68 M USD
MATHIAS ANDREW W
President
- 50000
133.57 USD
9 years ago
Mar 03, 2015
Sell 766 K USD
LEVY JOHN S
Director
- 6000
127.61 USD
9 years ago
Feb 06, 2015
Sell 8.38 M USD
GREEN STEPHEN L
Chairman
- 65700
127.52 USD
9 years ago
Feb 04, 2015
Sell 1.28 M USD
DiLiberto Matthew J.
Chief Financial Officer
- 10000
127.52 USD
9 years ago
Feb 03, 2015
Sell 28.9 K USD
BURTON EDWIN T III
Director
- 228
126.6 USD
9 years ago
Feb 02, 2015
Sell 733 K USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 5900
124.24 USD
9 years ago
Feb 02, 2015
Sell 1.41 M USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 11300
125.04 USD
9 years ago
Feb 02, 2015
Sell 854 K USD
LEVINE ANDREW S
Chief Legal Officer & GC
- 6800
125.59 USD
9 years ago
Dec 19, 2014
Sell 4.23 M USD
MATHIAS ANDREW W
President
- 34949
121.02 USD
9 years ago
Dec 19, 2014
Sell 1.82 M USD
MATHIAS ANDREW W
President
- 15051
121.2 USD
9 years ago
Dec 17, 2014
Sell 808 K USD
MEAD JAMES E
Chief Financial Officer
- 6731
120.03 USD
9 years ago
Dec 17, 2014
Sell 12.7 M USD
HOLLIDAY MARC
Chief Executive Officer
- 106625
119.12 USD
9 years ago
Dec 17, 2014
Sell 2.67 M USD
HOLLIDAY MARC
Chief Executive Officer
- 22255
119.96 USD
10 years ago
Nov 18, 2014
Sell 1.37 M USD
ALSCHULER JOHN H JR
Director
- 12000
114.3 USD
10 years ago
Sep 03, 2014
Sell 10.4 M USD
GREEN STEPHEN L
Chairman
- 95439
109.125 USD
10 years ago
Jun 09, 2014
Sell 953 K USD
BURTON EDWIN T III
Director
- 8500
112.17 USD
7. News
SL Green Realty Stock Up 23.6% in 3 Months: Will the Trend Last? Healthy demand for premier office properties, a solid tenant base and strategic investments are key upsides for SLG. zacks.com - 4 days ago
The Dark Side Of REIT Investments Not everything is perfect in REIT world. On the contrary, this is a sector in which you need to be very selective. Here are 5 types of REITs to avoid at all cost: seekingalpha.com - 1 week ago
CHCT or SLG: Which Is the Better Value Stock Right Now? Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Community Healthcare Trust (CHCT) or SL Green (SLG). But which of these two stocks is more attractive to value investors? zacks.com - 1 week ago
2 REITs To Avoid And 1 Strong Buy Not all REITs are worth buying. This is a vast sector, and you need to be very selective. I highlight 2 REITs to sell and a better alternative. seekingalpha.com - 2 weeks ago
SL Green Inks 72,500 Square-Foot Lease With Verition Group at 245 Park Avenue NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed a 72,515 square foot, 10-year lease with leading hedge fund Verition Group NY, Inc., raising occupancy in the building to 92.5%. Verition will expand its footprint in the building by 34,413 square feet, relocating from the 35th floor to the entire 14th and 15th floors. This transaction increases SL Green's office leases signed year to date to 3,002,971 square feet. globenewswire.com - 2 weeks ago
SL Green Preferreds: Warranted Improvement In Sentiment, But Low Risk Premium Manhattan is doing better now, with a bottom found in the market for leases. Redeveloping obsolete properties, potentially converting some to residential, could significantly improve income in our rosy forecasts. Even without it, the better baseline scenario seems to be just about sustainable for the preferred dividend burden, despite incoming interest increases on maturing fixed-rate debt. seekingalpha.com - 2 weeks ago
Dividend Harvesting Portfolio Week 190: $19,000 Allocated, $1,792.47 In Projected Dividends Despite expectations of market volatility, indices remain stable and near all-time highs, driven by anticipated Fed rate cuts and potential AI efficiencies. The Dividend Harvesting Portfolio has shown strong performance, with a 26.8% gain on invested capital and significant growth in dividend income. Diversification and reinvestment strategies have led to consistent portfolio growth, with a focus on income-producing investments and sector balance. seekingalpha.com - 3 weeks ago
SL Green Realty Corp. Announces Common Stock Dividend NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, which is the equivalent of an annualized dividend of $3.00 per share. The dividend is payable in cash on November 15, 2024 to shareholders of record at the close of business on October 31, 2024. globenewswire.com - 3 weeks ago
SL Green: Break Time As Part Of A Fantastic Year SL Green is on track to lease over 3 million sq ft. Occupancy is expected to climb to 92.5% by the end of the fiscal year. The stock has more growth potential due to successful building modernizations and new asset management ventures. seekingalpha.com - 1 month ago
SL Green Realty Corp. (SLG) Q3 2024 Earnings Call Transcript SL Green Realty Corp. (NYSE:SLG ) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Financial Officer Steve Durels - EVP, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Nick Yulico - Scotia Bank Michael Lewis - Tourist Securities Anthony Paolone - JPMorgan Omotayo Okusanya - Deutsche Bank Jeff Spector - Bank of America Peter Abramowitz - Jefferies Caitlin Burrows - Goldman Sachs Operator Thank you, everybody, for joining us. Welcome to the SL Green Realty Corp's Third Quarter 2024 Earnings Results Conference Call. seekingalpha.com - 1 month ago
SL Green's Q3 FFO Lags Estimates, Revenues Improve Y/Y SLG's Q3 FFO misses estimates. Higher interest expenses undermine decent leasing activity and higher rental property revenues. zacks.com - 1 month ago
SL Green: Solid Q3 Results Reduce Melting Ice Cube Fears (Rating Upgrade) SL Green Realty's Q3 results were solid with strong leasing activity and cost control, but the stock's valuation now reflects these improvements. Despite initial fears, office occupancy has been better than expected, particularly in Manhattan, with significant renewals like Bloomberg's 11-year lease. SLG's balance sheet remains debt-heavy, making the stock volatile, but recent refinancing and property openings have improved its positioning. seekingalpha.com - 1 month ago
8. Profile Summary

SL Green Realty Corp. SLG

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 4.96 B
Dividend Yield 2.42%
Description 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.
Contact 420 Lexington Avenue, New York, NY, 10170 https://www.slgreen.com
IPO Date Aug. 15, 1997
Employees 1188
Officers Ms. Maggie Hui Chief Accounting Officer Mr. Steven M. Durels Executive Vice President & Director of Leasing & Real Property Mr. Neil H. Kessner Executive Vice President & General Counsel of Real Property Mr. Edward V. Piccinich Chief Operating Officer Mr. Brett Herschenfeld Executive Vice President of Retail & Opportunistic Mr. Marc Holliday Interim President, Chairman & Chief Executive Officer Mr. Richard Currenti Senior Vice President & Director of Engineering Mr. Robert Schiffer Executive Vice President of Development Mr. Matthew J. DiLiberto Chief Financial Officer Mr. Harrison Sitomer Chief Investment Officer