SLG - SL Green Realty Corp Stock Price, Fair Value and News

52.96USD-0.21 (-0.39%)Market Closed

Market Summary

USD52.96-0.21

Market Closed

-0.39%

SLG Alerts

Big jump in Earnings (Y/Y)

SLG Stock Price

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SLG RSI Chart

SLG Valuation

Market Cap

3.4B

Price/Earnings (Trailing)

-6.71

Price/Sales (Trailing)

3.85

EV/EBITDA

4.97

Price/Free Cashflow

21.12

SLG Price/Sales (Trailing)

SLG Profitability

EBT Margin

19.52%

Return on Equity

-13.45%

Return on Assets

-5.24%

Free Cashflow Yield

4.73%

SLG Fundamentals

SLG Revenue

Revenue (TTM)

892.3M

Rev. Growth (Yr)

-3.67%

Rev. Growth (Qtr)

-39.41%

SLG Earnings

Earnings (TTM)

-511.7M

Earnings Growth (Yr)

146.9%

Earnings Growth (Qtr)

111.11%

Breaking Down SLG Revenue

Last 7 days

1.4%

Last 30 days

6.6%

Last 90 days

12.9%

Trailing 12 Months

140.1%

How does SLG drawdown profile look like?

SLG Financial Health

SLG Investor Care

Dividend Yield

5.98%

Dividend/Share (TTM)

3.17

Shares Dilution (1Y)

0.67%

Diluted EPS (TTM)

-8.3

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	892.3M	0	0	0
2023	942.5M	962.1M	922.9M	899.4M
2022	791.2M	774.6M	781.8M	903.5M
2021	807.9M	772.3M	727.7M	861.3M
2020	1.2B	1.1B	1.0B	804.4M
2019	1.2B	1.2B	1.2B	1.2B
2018	1.4B	1.3B	1.3B	1.2B
2017	1.8B	1.6B	1.5B	1.5B
2016	1.7B	1.8B	1.8B	1.9B
2015	0	0	0	1.7B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of SL Green Realty Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 09, 2024	brown carol n	sold	-227,086	44.37	-5,118	-
Jan 26, 2024	atkins betsy s	sold	-467,492	47.25	-9,894	-
Jan 26, 2024	hatkoff craig m	sold	-238,425	46.75	-5,100	-
Jan 05, 2024	dillard lauren b.	acquired	-	-	5,118	-
Jan 05, 2024	brown carol n	acquired	-	-	5,118	-
Jan 05, 2024	burton edwin t iii	acquired	-	-	5,118	-
Jan 05, 2024	hatkoff craig m	acquired	-	-	5,118	-
Jan 05, 2024	atkins betsy s	acquired	-	-	5,118	-
Nov 17, 2023	levine andrew s	gifted	-	-	-2,205	chief legal officer & gc
Nov 02, 2023	mathias andrew w	sold	-5,676,880	32.08	-176,960	president

Which funds bought or sold SLG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-11.24	128,038	1,664,540	0.01%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.22	489,803	3,614,710	-%
May 16, 2024	TANDEM CAPITAL MANAGEMENT CORP /ADV	added	30.88	1,132,030	3,026,910	1.72%
May 16, 2024	Clear Point Advisors Inc.	unchanged	-	50.00	276	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-15.13	464,709	13,421,900	-%
May 15, 2024	Voya Investment Management LLC	reduced	-17.49	8,169	1,171,070	-%
May 15, 2024	Evercore Wealth Management, LLC	new	-	218,976	218,976	-%
May 15, 2024	KETTLE HILL CAPITAL MANAGEMENT, LLC	reduced	-56.21	-5,508,390	6,323,800	1.54%
May 15, 2024	CITADEL ADVISORS LLC	added	92.32	35,515,400	61,875,700	0.01%
May 15, 2024	Liberty Mutual Group Asset Management Inc.	reduced	-41.15	-594,000	1,517,000	0.43%

Are Funds Buying or Selling SLG?

Are funds buying SLG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SLG

No. of Funds

SLG Alerts

Big jump in Earnings (Y/Y)

Unveiling SL Green Realty Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	16.03%	10,324,945	SC 13G/A
Jan 30, 2024	state street corp	6.87%	4,423,621	SC 13G/A
Jan 19, 2024	blackrock inc.	19.3%	12,405,640	SC 13G/A
Feb 09, 2023	vanguard group inc	14.68%	9,442,145	SC 13G/A
Feb 07, 2023	state street corp	5.83%	3,748,307	SC 13G/A
Jan 23, 2023	blackrock inc.	15.9%	10,257,395	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	1.2%	857,222	SC 13G/A
Feb 14, 2022	state street corp	5.15%	3,438,086	SC 13G/A
Jan 27, 2022	blackrock inc.	14.6%	9,764,636	SC 13G/A
Jan 26, 2022	blackrock inc.	14.6%	9,764,636	SC 13G/A

Recent SEC filings of SL Green Realty Corp

View All Filings

Date Filed	Form Type	Document
May 06, 2024	10-Q	Quarterly Report
Apr 19, 2024	DEFA14A	DEFA14A
Apr 19, 2024	DEF 14A	DEF 14A
Apr 19, 2024	ARS	ARS
Apr 18, 2024	8-K	Current Report
Mar 29, 2024	4	Insider Trading
Mar 29, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Feb 26, 2024	S-3ASR	S-3ASR
Feb 23, 2024	10-K	Annual Report

Peers (Alternatives to SL Green Realty Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

SL Green Realty Corp News

Latest updates

SL Green Realty Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-39.4%	188	310	173	221	195	334	212	201	156	212	205	218	226	78.00	250	254	223	308	314	313	304
Costs and Expenses	-	-	-	-	-	-	-	-	-	-	-	41.00	44.00	42.00	-	46.00	41.00	54.00	-	60.00	58.00	58.00
Operating Expenses	-9.3%	44.00	48.00	50.00	47.00	52.00	47.00	45.00	40.00	43.00	40.00	41.00	44.00	42.00	-	-	-	-	-	-	-	-
S&GA Expenses	-49.6%	21.00	42.00	23.00	23.00	23.00	24.00	21.00	24.00	25.00	26.00	23.00	22.00	23.00	25.00	24.00	24.00	20.00	26.00	24.00	26.00	26.00
EBITDA Margin	-3.8%	0.70*	0.72*	0.70*	0.67*	0.66*	0.62*	0.65*	0.65*	0.66*	0.63*	0.76*	0.79*	-	-	-	-	-	-	-	-	-
Interest Expenses	-	49.00	-	-	-	65.00	64.00	41.00	33.00	32.00	40.00	34.00	39.00	40.00	42.00	43.00	45.00	57.00	-	-	-	-
EBT Margin	0.8%	0.20*	0.19*	0.19*	0.18*	0.18*	0.19*	0.22*	0.22*	0.22*	0.20*	0.24*	0.23*	-	-	-	-	-	-	-	-	-
Net Income	111.1%	17.00	-151	-20.23	-356	-35.99	-60.54	11.00	-40.14	11.00	-47.53	392	109	-3.73	175	18.00	60.00	119	21.00	37.00	165	48.00
Net Income Margin	8.6%	-0.57*	-0.63*	-0.51*	-0.46*	-0.13*	-0.09*	-0.08*	0.41*	0.59*	0.52*	0.92*	0.39*	-	-	-	-	-	-	-	-	-
Free Cashflow	-151.2%	-24.68	48.00	77.00	62.00	42.00	26.00	67.00	101	81.00	65.00	88.00	85.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4	2018Q3	2018Q2
Assets	2.4%	9,764	9,531	9,691	10,041	12,342	12,356	12,716	10,705	11,015	11,067	10,856	11,166	12,044	11,708	12,324	13,072	13,221	12,766	12,751	13,455	13,714
Cash Equivalents	43.6%	318	222	190	192	159	203	201	189	224	251	258	218	305	373	221	1,015	554	241	279	160	287
Liabilities	4.8%	5,522	5,271	5,169	5,461	7,362	7,261	7,492	5,443	5,724	5,748	5,212	5,799	6,536	6,211	6,634	7,282	7,252	6,556	6,115	6,419	6,684
Shareholder's Equity	0.5%	3,804	3,786	4,040	4,160	4,529	4,585	4,752	4,749	4,739	4,778	5,082	4,814	4,936	4,936	5,134	5,206	5,344	5,517	5,948	6,215	6,242
Retained Earnings	-51.5%	-229	-151	62.00	136	549	651	756	780	847	976	1,258	934	918	1,015	1,035	1,082	1,099	1,085	1,279	1,477	1,458
Additional Paid-In Capital	0.1%	3,831	3,826	3,814	3,806	3,798	3,790	3,780	3,801	3,793	3,739	3,774	3,823	3,913	3,863	3,999	4,022	4,146	4,286	4,509	4,603	4,602
Shares Outstanding	0.1%	66.00	66.00	65.00	65.00	65.00	65.00	64.00	64.00	64.00	66.00	66.00	67.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,700	-	-	-	2,700	-	-	-	4,900	-	-	-	3,300	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-151.2%	-24.68	48.00	77.00	62.00	42.00	26.00	67.00	101	81.00	65.00	88.00	85.00	19.00	226	104	182	42.00	77.00	82.00	156	62.00
Cashflow From Investing	96.3%	-3.71	-100	311	28.00	-66.37	152	138	122	13.00	107	245	621	20.00	681	-28.80	533	-129	355	226	-174	-291
Cashflow From Financing	-85.5%	11.00	78.00	-389	-135	-2.77	-179	-97.17	-253	-124	-180	-303	-791	-9.97	-839	-871	-235	467	-407	-331	-35.60	246
Dividend Payments	-6.7%	54.00	58.00	58.00	58.00	57.00	65.00	66.00	65.00	66.00	66.00	67.00	69.00	70.00	70.00	71.00	74.00	80.00	76.00	76.00	77.00	77.00
Buy Backs	-	-	-	-	-	-	-	-	-	151	61.00	102	95.00	84.00	146	30.00	132	220	209	66.00	75.00	34.00

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SLG Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Rental revenue, net	$ 141,504	$ 195,042
SUMMIT Operator revenue	25,604	19,771
Investment income	7,403	9,057
Other income	13,371	21,894
Total revenues	187,882	245,764
Expenses
Operating expenses, including related party expenses of $0 in 2024, and $1 in 2023	43,608	52,064
Real estate taxes	31,606	41,383
Operating lease rent	6,405	6,301
SUMMIT Operator expenses	21,858	20,688
Interest expense, net of interest income	31,173	41,653
Amortization of deferred financing costs	1,539	2,021
SUMMIT Operator tax (benefit) expense	(1,295)	1,267
Depreciation and amortization	48,584	78,782
Loan loss and other investment reserves, net of recoveries	0	6,890
Transaction related costs	16	884
Marketing, general and administrative	21,313	23,285
Total expenses	204,807	275,218
Equity in net income (loss) from unconsolidated joint ventures	111,160	(7,412)
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate	26,764	(79)
Purchase price and other fair value adjustments	(50,492)	239
Loss on sale of real estate, net	0	(1,651)
Depreciable real estate reserves and impairment	(52,118)	0
Income from continuing operations	18,389	(38,357)
Net income (loss)	18,389	(38,357)
Net loss attributable to noncontrolling interests:
Noncontrolling interests in the Operating Partnership	(901)	2,337
Noncontrolling interests in other partnerships	1,294	1,625
Preferred units distributions	(1,903)	(1,598)
Net income (loss) attributable to SL Green	16,879	(35,993)
Perpetual preferred stock dividends	(3,738)	(3,738)
Net income (loss) attributable to SL Green common stockholders	$ 13,141	$ (39,731)
Basic earnings (loss) per share (in dollars per share)	$ 0.20	$ (0.63)
Diluted earnings (loss) per share (in dollars per share)	$ 0.20	$ (0.63)
Basic weighted average common shares outstanding (in shares)	64,328	64,079
Diluted weighted average common shares and common share equivalents outstanding (in shares)	70,095	68,182

SLG Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Commercial real estate properties, at cost:

Land and land interests

$ 1,150,681

$ 1,092,671

Building and improvements

3,729,884

3,655,624

Building leasehold and improvements

1,358,851

1,354,569

Right of use asset - operating leases

953,236

Total commercial real estate properties, at cost

7,192,652

7,056,100

Less: accumulated depreciation

(2,078,203)

(2,035,311)

Total commercial real estate properties, net

5,114,449

5,020,789

Assets held for sale

21,586

Cash and cash equivalents

196,035

221,823

Restricted cash

122,461

113,696

Investments in marketable securities

10,673

9,591

Tenant and other receivables

38,659

33,270

Related party receivables

12,229

12,168

Deferred rents receivable

267,969

264,653

Debt and preferred equity investments, net of discounts and deferred origination fees of $1,623 and $1,630 and allowances of $13,520 and $13,520 in 2024 and 2023, respectively

352,347

346,745

Investments in unconsolidated joint ventures

2,984,786

2,983,313

Deferred costs, net

109,296

111,463

Other assets

533,802

413,670

Total assets

^[1]

9,764,292

9,531,181

Liabilities

Mortgages and other loans payable, net

1,695,163

1,491,319

Revolving credit facility, net

645,138

554,752

Unsecured term loans, net

1,245,382

1,244,881

Unsecured notes, net

99,820

99,795

Accrued interest payable

23,217

17,930

Other liabilities

437,302

471,401

Accounts payable and accrued expenses

101,495

153,164

Deferred revenue

157,756

134,053

Lease liability - financing leases

105,859

105,531

Lease liability - operating leases

823,594

827,692

Dividend and distributions payable

20,135

20,280

Security deposits

56,398

49,906

Liabilities related to assets held for sale

10,649

Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities

100,000

Total liabilities

^[1]

5,521,908

5,270,704

Commitments and contingencies

Noncontrolling interests in Operating Partnership

272,235

238,051

Preferred units

166,501

Equity

Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2024 and December 31, 2023

221,932

Common stock, $0.01 par value, 160,000 shares authorized and 65,866 and 65,786 issued and outstanding at March 31, 2024 and December 31, 2023, respectively (including 1,060 and 1,060 shares held in treasury at March 31, 2024 and December 31, 2023, respectively)

660

Additional paid-in-capital

3,831,130

3,826,452

Treasury stock at cost

(128,655)

Accumulated other comprehensive income

40,151

17,477

Retained deficit

(229,607)

(151,551)

Total SL Green stockholders' equity

3,735,611

3,786,315

Noncontrolling interests in other partnerships

68,037

69,610

Total equity

3,803,648

3,855,925

Total liabilities and equity

$ 9,764,292

$ 9,531,181

[1]

(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $120.4 million and $41.2 million of land, $81.3 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $5.7 million and $5.4 million of accumulated depreciation, $785.1 million and $676.9 million of other assets included in other line items, $254.3 million and $50.0 million of real estate debt, net, $2.7 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, and $332.5 million and $306.5 million of other liabilities included in other line items as of March 31, 2024 and December 31, 2023, respectively.

About SL Green Realty Corp

SL Green Realty Corp., 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 June 30, 2023, SL Green held interests in 60 buildings totaling 33.1 million square feet. This included ownership interests in 28.8 million square feet of Manhattan buildings and 3.4 million square feet securing debt and preferred equity investments.

CEO	Mr. Marc Holliday
WEBSITE	slgreen.com
INDUSTRY	REIT Mortgage
EMPLOYEES	1137

SL Green Realty Corp Frequently Asked Questions

What is the ticker symbol for SL Green Realty Corp? What does SLG stand for in stocks?

SLG is the stock ticker symbol of SL Green Realty Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of SL Green Realty Corp (SLG)?

As of Fri May 17 2024, market cap of SL Green Realty Corp is 3.43 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SLG stock?

You can check SLG's fair value in chart for subscribers.

What is the fair value of SLG stock?

You can check SLG's fair value in chart for subscribers. The fair value of SL Green Realty Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of SL Green Realty Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SLG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is SL Green Realty Corp a good stock to buy?

The fair value guage provides a quick view whether SLG is over valued or under valued. Whether SL Green Realty Corp is cheap or expensive depends on the assumptions which impact SL Green Realty Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SLG.

What is SL Green Realty Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SLG's PE ratio (Price to Earnings) is -6.71 and Price to Sales (PS) ratio is 3.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SLG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on SL Green Realty Corp's stock?

In the past 10 years, SL Green Realty Corp has provided -0.029 (multiply by 100 for percentage) rate of return.