Last 7 days
-16.8%
Last 30 days
-30.5%
Last 90 days
-22.6%
Trailing 12 Months
-63.5%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 983.2M | 740.4M | -22.73% | -54.50% | -27.01 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 3.8% | 827 | 796 | 789 | 806 | 844 |
Operating Expenses | 3.9% | 174 | 167 | 163 | 167 | 167 |
S&GA Expenses | -2.4% | 94.00 | 96.00 | 98.00 | 97.00 | 95.00 |
EBITDA | - | 320 | - | - | - | - |
EBITDA Margin | - | 0.38* | - | - | - | - |
EBT Margin | - | 0.21* | - | - | - | - |
Interest Expenses | 20.7% | 166 | 138 | 131 | 137 | 145 |
Net Income | -20.0% | -78.07 | -65.07 | 316 | 465 | 450 |
Net Income Margin | -15.6% | -0.09* | -0.08* | 0.34* | 0.58* | - |
Free Cahsflow | -12.2% | 276 | 315 | 335 | 319 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -2.8% | 12,356 | 12,716 | 10,705 | 11,015 | 11,067 |
Cash Equivalents | 1.0% | 203 | 201 | 189 | 224 | 251 |
Liabilities | -3.1% | 7,261 | 7,492 | 5,443 | 5,724 | 5,748 |
Long Term Debt | - | 1,394 | - | - | - | - |
Shareholder's Equity | -2.2% | 4,585 | 4,688 | 4,749 | 4,739 | 4,765 |
Retained Earnings | -13.9% | 651 | 756 | 780 | 847 | 976 |
Additional Paid-In Capital | 0.3% | 3,790 | 3,780 | 3,801 | 3,793 | 3,739 |
Shares Outstanding | 0.1% | 65.00 | 65.00 | 65.00 | 65.00 | 65.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | -12.2% | 276 | 315 | 335 | 319 | 256 |
Cashflow From Investing | 12.0% | 426 | 380 | 487 | 987 | 994 |
Cashflow From Financing | 0.1% | -654 | -655 | -861 | -1,399 | -1,285 |
Dividend Payments | -0.4% | 262 | 263 | 264 | 268 | 271 |
Buy Backs | -28.7% | 151 | 212 | 314 | 409 | 341 |
55.4%
37.3%
35%
Y-axis is the maximum loss one would have experienced if SL Green Realty was unfortunately bought at previous high price.
-7.4%
-12.5%
-18.6%
-20.8%
FIve years rolling returns for SL Green Realty.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 110 | 481,849 | 1,111,850 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 92.68 | 21,000 | 52,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -87.15 | -2,306,000 | 278,999 | -% |
2023-02-24 | NATIXIS | new | - | 15,655,300 | 15,655,300 | 0.09% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | -68,000 | 353,000 | -% |
2023-02-21 | KB FINANCIAL PARTNERS, LLC | sold off | -100 | -1,000 | - | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -35.9 | -172,299 | 200,701 | -% |
2023-02-21 | MACQUARIE GROUP LTD | added | 42.89 | 119,925 | 1,102,920 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -28.57 | -42,595 | 64,405 | -% |
2023-02-21 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | sold off | -100 | -2,285,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | |
Jul 01, 2021 | pggm investments | 4.33% | 2 | SC 13G | |
Apr 12, 2021 | blackrock inc. | 11.7% | 8,143,758 | SC 13G | |
Feb 16, 2021 | price t rowe associates inc /md/ | 7.2% | 5,264,117 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 25.53 -2.89% | 29.74 13.12% | 34.17 29.97% | 53.26 102.59% | 66.43 152.68% |
Current Inflation | 25.06 -4.68% | 28.73 9.28% | 32.63 24.12% | 49.21 87.18% | 60.52 130.20% |
Very High Inflation | 24.45 -7.00% | 27.47 4.49% | 30.75 16.96% | 44.38 68.81% | 53.56 103.73% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 06, 2023 | 4 | Insider Trading | |
Mar 06, 2023 | 4 | Insider Trading | |
Mar 06, 2023 | 8-K | Current Report | |
Feb 22, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 10-K | Annual Report | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 08, 2023 | 4/A | Insider Trading | |
Feb 07, 2023 | SC 13G/A | Major Ownership Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-03 | HATKOFF CRAIG M | sold | -308,790 | 34.31 | -9,000 | - |
2023-01-24 | BURTON EDWIN T III | acquired | - | - | 6,889 | - |
2023-01-24 | ATKINS BETSY S | acquired | - | - | 6,889 | - |
2023-01-24 | HATKOFF CRAIG M | acquired | - | - | 7,072 | - |
2023-01-24 | Dillard Lauren B. | acquired | - | - | 6,889 | - |
2022-12-14 | LEVINE ANDREW S | gifted | - | - | -1,300 | chief legal officer & gc |
2022-10-28 | LEVINE ANDREW S | gifted | - | - | -800 | chief legal officer & gc |
2022-10-19 | HATKOFF CRAIG M | acquired | - | - | 155 | - |
2022-07-18 | HATKOFF CRAIG M | acquired | - | - | 132 | - |
2022-04-21 | HATKOFF CRAIG M | acquired | - | - | 77.00 | - |
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | |||
Rental revenue, net | $ 671,500 | $ 678,176 | $ 804,423 |
Investment income | 81,113 | 80,340 | 120,163 |
Other income | 74,126 | 85,475 | 128,158 |
Total revenues | 826,739 | 843,991 | 1,052,744 |
Expenses | |||
Operating expenses, including related party expenses of $5,701 in 2022, $12,377 in 2021 and $12,643 in 2020 | 174,063 | 167,153 | 183,200 |
Real estate taxes | 138,228 | 152,835 | 176,315 |
Operating lease rent | 26,943 | 26,554 | 29,043 |
Interest expense, net of interest income | 89,473 | 70,891 | 116,679 |
Amortization of deferred financing costs | 7,817 | 11,424 | 11,794 |
Depreciation and amortization | 215,306 | 216,869 | 313,668 |
Loan loss and other investment reserves, net of recoveries | 0 | 2,931 | 35,298 |
Transaction related costs | 409 | 3,773 | 503 |
Marketing, general and administrative | 93,798 | 94,912 | 91,826 |
Total expenses | 746,037 | 747,342 | 958,326 |
Equity in net loss from unconsolidated joint ventures | (57,958) | (55,402) | (25,195) |
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate | (131) | (32,757) | 2,961 |
Purchase price and other fair value adjustments | (8,118) | 210,070 | 187,522 |
(Loss) gain on sale of real estate, net | (84,485) | 287,417 | 215,506 |
Depreciable real estate reserves and impairments | (6,313) | (23,794) | (60,454) |
Loss on early extinguishment of debt | 0 | (1,551) | 0 |
Net (loss) income | (76,303) | 480,632 | 414,758 |
Net loss (income) attributable to noncontrolling interests: | |||
Noncontrolling interests in the Operating Partnership | 5,794 | (25,457) | (20,016) |
Net loss (income) attributable to noncontrolling interests in other partnerships | (1,122) | 1,884 | (14,940) |
Preferred unit distributions | (6,443) | (7,305) | (8,747) |
Net income (loss) attributable to SL Green/SLGOP | (78,074) | 449,754 | 371,055 |
Perpetual preferred stock dividends | (14,950) | (14,950) | (14,950) |
Net (loss) income attributable to SL Green common stockholders | $ (93,024) | $ 434,804 | $ 356,105 |
Basic earnings per share (in dollars per share) | $ (1.49) | $ 6.57 | $ 5.03 |
Diluted earnings per share (in dollars per share) | $ (1.49) | $ 6.50 | $ 5.01 |
Basic weighted average common shares outstanding (in shares) | 63,917 | 65,740 | 70,397 |
Diluted weighted average common shares and common share equivalents outstanding (in shares) | 67,929 | 70,769 | 75,078 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | ||
---|---|---|---|---|
Commercial real estate properties, at cost: | ||||
Land and land interests | $ 1,576,927 | $ 1,350,701 | ||
Building and improvements | 4,903,776 | 3,671,402 | ||
Building leasehold and improvements | 1,691,831 | 1,645,081 | ||
Right of use asset - operating leases | 1,026,265 | 983,723 | ||
Total commercial real estate properties, at cost | 9,198,799 | 7,650,907 | ||
Less: accumulated depreciation | (2,039,554) | (1,896,199) | ||
Total commercial real estate properties, net | 7,159,245 | 5,754,708 | ||
Assets held for sale | 0 | 140,855 | ||
Cash and cash equivalents | 203,273 | 251,417 | ||
Restricted cash | 180,781 | 85,567 | ||
Investments in marketable securities | 11,240 | 34,752 | ||
Tenant and other receivables | 34,497 | 47,616 | ||
Related party receivables | 27,352 | 29,408 | ||
Deferred rents receivable | 257,887 | 248,313 | ||
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,811 and $5,057 and allowances of $6,630 and $6,630 in 2022 and 2021, respectively | 623,280 | 1,088,723 | ||
Investments in unconsolidated joint ventures | 3,190,137 | 2,997,934 | ||
Deferred costs, net | 121,157 | 124,495 | ||
Other assets | 546,945 | 262,841 | ||
Total assets | [1] | 12,355,794 | 11,066,629 | |
Liabilities | ||||
Mortgages and other loans payable, net | 3,227,563 | 1,394,386 | ||
Revolving credit facility, net | 443,217 | 381,334 | ||
Unsecured term loans, net | 1,641,552 | 1,242,002 | ||
Unsecured notes, net | 99,692 | 899,308 | ||
Accrued interest payable | 14,227 | 12,698 | ||
Other liabilities | 236,211 | 195,390 | ||
Accounts payable and accrued expenses | 154,867 | 157,571 | ||
Deferred revenue | 272,248 | 107,275 | ||
Lease liability - financing leases | 104,218 | 102,914 | ||
Lease liability - operating leases | 895,100 | 851,370 | ||
Dividend and distributions payable | 21,569 | 187,372 | ||
Security deposits | 50,472 | 52,309 | ||
Liabilities related to assets held for sale | 0 | 64,120 | ||
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities | 100,000 | 100,000 | ||
Total liabilities | [1] | 7,260,936 | 5,748,049 | |
Commitments and contingencies | ||||
Noncontrolling interests in Operating Partnership | 269,993 | 344,252 | ||
Preferred units | 177,943 | 196,075 | ||
SL Green stockholders' equity: | ||||
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2022 and 2021 | 221,932 | 221,932 | ||
Common stock, $0.01 par value, 160,000 shares authorized and 65,440 and 65,132 issued and outstanding at December 31, 2022 and 2021, respectively (including 1,060 and 1,027 shares held in treasury at December 31, 2022 and 2021, respectively) | 656 | 672 | ||
Additional paid-in-capital | 3,790,358 | 3,739,409 | ||
Treasury stock at cost | (128,655) | (126,160) | ||
Accumulated other comprehensive income (loss) | 49,604 | (46,758) | ||
Retained earnings | 651,138 | 975,781 | ||
Total SL Green stockholders' equity | 4,585,033 | 4,764,876 | ||
Noncontrolling interests in other partnerships | 61,889 | 13,377 | ||
Total equity | 4,646,922 | 4,778,253 | ||
Total liabilities and equity/capital | $ 12,355,794 | $ 11,066,629 | ||
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