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SLG

40.61USD-0.80(-1.93%)Market Closed

SL Green Realty Corp

Market Summary

USD40.61-0.80Market Closed
-1.93%

SLG Alerts

SLG Stock Price

RSI Chart

Valuation

Market Cap

2.5B

Price/Earnings

8.02

Price/Sales

3.21

Price/Cashflow

7.55

MarketCap/EBT

23.63

Price/Sales

Profitability

EBT Margin

20.63%

Return on Equity

6.74%

Return on Assets

2.95%

Fundamentals

Revenue

Revenue (TTM)

796.4M

Revenue Y/Y

3.54%

Revenue Q/Q

5.47%

Earnings

Earnings (TTM)

-65.1M

Earnings Y/Y

-97.16%

Earnings Q/Q

127.69%

Price Action

52 Week Range

80.45
(Low)(High)

Last 7 days

-1.6%

Last 30 days

6.4%

Last 90 days

-7.0%

Trailing 12 Months

-39.2%

Financial Health

Debt/Equity

0.3

Debt/Cashflow

0.24

Investor Care

Dividend Yield

9.49%

Dividend/Share (TTM)

3.73

Buy Backs (1Y)

0.66%

Diluted EPS (TTM)

-1.24

Peers (Alternatives to SL Green Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.52% -6.45%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
6.93% -18.34%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
17.64% -31.38%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
7.68% -22.22%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
3.65% -22.62%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
8.55% 0.13%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
10.36% -10.60%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.12% -36.63%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
15.26% 15.23%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
6.39% -39.17%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
11.48% -28.89%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
9.20% 0.38%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-3.48% -25.18%
538.82
1.96
2.16% 107.41%
1.2B
-
10.74% 8.70%
5
3.44
120.87% 1462.96%

Financials for SL Green Realty

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue0.9%796789806844884
Operating Expenses2.7%167163167167169
  S&GA Expenses-2.3%9698979594
Net Income-120.6%-65.07316465450672
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets18.8%12,71610,70511,01511,06710,856
    Cash Equivalents6.3%201189224251258
Liabilities37.6%7,4925,4435,7245,7485,212
  Long Term Debt-1,394----
Shareholder's Equity0.1%4,6884,6844,7264,7655,068
  Retained Earnings-3.1%7567808479761,258
  Additional Paid-In Capital-0.6%3,7803,8013,7933,7393,774
Shares Outstanding0.0%6565656566
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-6.1%315335319256417
Cashflow From Investing-22.0%3804879879941,568
Cashflow From Financing24.0%-655.47-861.97-1,399.96-1,285.37-1,944.10
  Dividend Payments-0.5%263264268271275
  Buy Backs-32.5%212314409341427

Risks

What is the probability of a big loss on SLG?

49.6%


Probability that SL Green Realty stock will be more than 20% underwater in next one year

31.5%


Probability that SL Green Realty stock will be more than 30% underwater in next one year.

29.2%


Probability that SL Green Realty stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SLG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if SL Green Realty was unfortunately bought at previous high price.

Returns

Cumulative Returns on SLG

-2.5%


10-Year Cumulative Returns

-10.2%


7-Year Cumulative Returns

-12.5%


5-Year Cumulative Returns

-17.3%


3-Year Cumulative Returns

What are the long-term rolling returns for SLG?

FIve years rolling returns for SL Green Realty.

Which funds bought or sold SLG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
226,000
226,000
0.23%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-231
-
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
421,000
421,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-563,000
3,265,000
0.01%
2022-11-21
FourThought Financial, LLC
-
-
-1,000
1,000
-%
2022-11-17
M Holdings Securities, Inc.
ADDED
2.36
-55,000
450,000
0.05%
2022-11-17
M&T Bank Corp
-
-
-56,000
259,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
NEW
-
226,000
226,000
-%
2022-11-16
Retirement Systems of Alabama
REDUCED
-0.34
-517,000
3,381,000
0.02%
2022-11-16
Neo Ivy Capital Management
SOLD OFF
-100
-61,000
-
-%

1–10 of 45

Latest Funds Activity

Are funds buying SLG calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own SLG

SL Green Realty News

Seeking Alpha

Why Rental Properties Are Far Worse Investments Than REITs.19 hours ago

SLG Fair Value

Recent SEC filings of SL Green Realty

View All Filings
Date Filed Form Type Document
Nov 04, 2022
10-Q
Quarterly Report
Oct 28, 2022
8-K
Current Report
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 20, 2022
8-K
Current Report

Latest Insider Trading transactions for SLG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-19
HATKOFF CRAIG M
ACQUIRED
-
-
155
-
2022-07-18
HATKOFF CRAIG M
ACQUIRED
-
-
132
-
2022-04-21
HATKOFF CRAIG M
ACQUIRED
-
-
77
-
2022-02-17
BURTON EDWIN T III
SOLD
-282,946
81.4
-3,476
-
2022-02-14
HATKOFF CRAIG M
SOLD
-275,224
77.31
-3,560
-
2022-01-27
ATKINS BETSY S
ACQUIRED
-
-
3,042
-
2022-01-27
BURTON EDWIN T III
ACQUIRED
-
-
3,042
-
2022-01-27
HATKOFF CRAIG M
ACQUIRED
-
-
3,123
-
2021-12-10
LEVY JOHN S
ACQUIRED
408,960
68.16
6,000
-
2021-12-07
ALSCHULER JOHN H JR
ACQUIRED
408,960
68.16
6,000
-

1–10 of 50

Marc Holliday
930
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.

SLG Income Statement

2022-09-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Rental revenue, net$ 162,952$ 155,363$ 474,215$ 528,063
Investment income29,51320,07269,80859,452
Other income19,99129,76657,84261,895
Total revenues212,456205,201601,865649,410
Expenses    
Operating expenses, including related party expenses of $— and $5,695 in 2022, and $3,563 and $8,827 in 202145,01140,684127,151126,851
Real estate taxes35,11132,13996,677121,318
Operating lease rent7,3886,55720,42920,003
Interest expense, net of interest income21,82414,80751,85457,155
Amortization of deferred financing costs2,0432,3455,9089,505
Depreciation and amortization48,46249,277142,359169,534
Transaction related costs292190321215
Marketing, general and administrative21,27623,47769,57468,426
Total expenses181,407169,476514,273573,007
Equity in net loss from unconsolidated joint ventures(21,997)(15,487)(31,262)(31,321)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate0(1,280)(131)(5,438)
Purchase price and other fair value adjustments(1,117)208,810(7,348)209,527
Gain (loss) on sale of real estate, net4,276187,766(61,104)285,338
Depreciable real estate reserves and impairment000(5,696)
Net income (loss)12,211415,534(12,253)528,813
Net loss (income) attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership(491)(22,683)1,831(28,489)
Noncontrolling interests in other partnerships993915(2,269)2,454
Preferred units distributions(1,598)(1,823)(4,844)(5,492)
Net income (loss) attributable to SL Green11,115391,943(17,535)497,286
Perpetual preferred stock dividends(3,738)(3,738)(11,213)(11,213)
Net income (loss) attributable to SL Green common stockholders$ 7,377$ 388,205$ (28,748)$ 486,073
Basic earnings per share (in dollars per share)$ 0.11$ 5.95$ (0.47)$ 7.29
Diluted earnings per share (in dollars per share)$ 0.11$ 5.91$ (0.47)$ 7.24
Basic weighted average common shares outstanding (in shares)63,94964,85663,97166,248
Diluted weighted average common shares and common share equivalents outstanding (in shares)68,89769,49669,24971,049

SLG Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Commercial real estate properties, at cost:  
Land and land interests$ 1,715,371$ 1,350,701
Building and improvements5,028,4863,671,402
Building leasehold and improvements1,676,8111,645,081
Right of use asset - operating leases1,041,661983,723
Total commercial real estate properties, at cost9,462,3297,650,907
Less: accumulated depreciation(2,005,922)(1,896,199)
Total commercial real estate properties, net7,456,4075,754,708
Assets held for sale0140,855
Cash and cash equivalents201,267251,417
Restricted cash183,81185,567
Investments in marketable securities16,53534,752
Tenant and other receivables41,33447,616
Related party receivables27,28729,408
Deferred rents receivable252,555248,313
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,994 and $5,057 and allowances of $6,630 and $6,630 in 2022 and 2021, respectively663,9851,088,723
Investments in unconsolidated joint ventures3,185,8002,997,934
Deferred costs, net115,952124,495
Other assets571,117262,841
Total assets[1]12,716,05011,066,629
Liabilities  
Mortgages and other loans payable, net3,229,0161,394,386
Revolving credit facility, net442,816381,334
Unsecured term loans, net1,242,9941,242,002
Unsecured notes, net599,662899,308
Accrued interest payable18,70512,698
Other liabilities312,564195,390
Accounts payable and accrued expenses175,203157,571
Deferred revenue280,251107,275
Lease liability - financing leases103,888102,914
Lease liability - operating leases911,756851,370
Dividend and distributions payable24,362187,372
Security deposits50,92652,309
Liabilities related to assets held for sale064,120
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities100,000100,000
Total liabilities[1]7,492,1435,748,049
Commitments and contingencies
Noncontrolling interests in Operating Partnership293,743344,252
Preferred units177,943196,075
Equity  
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2022 and December 31, 2021221,932221,932
Common stock, $0.01 par value, 160,000 shares authorized and 65,376 and 65,132 issued and outstanding at September 30, 2022 and December 31, 2021, respectively (including 1,060 and 1,027 shares held in treasury at September 30, 2022 and December 31, 2021, respectively)655672
Additional paid-in-capital3,780,2863,739,409
Treasury stock at cost(128,655)(126,160)
Accumulated other comprehensive income (loss)57,574(46,758)
Retained earnings755,862975,781
Total SL Green stockholders' equity4,687,6544,764,876
Noncontrolling interests in other partnerships64,56713,377
Total equity4,752,2214,778,253
Total liabilities and equity/capital$ 12,716,050$ 11,066,629
[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: $179.6 million and $193.4 million of land, $321.0 million and $336.9 million of building and improvements, $— million and $— million of building and leasehold improvements, $15.4 million and $15.4 million of right of use assets, $13.5 million and $11.7 million of accumulated depreciation, $615.0 million and $574.4 million of other assets included in other line items, $326.4 million and $418.9 million of real estate debt, net, $0.1 million and $0.8 million of accrued interest payable, $15.3 million and $15.3 million of lease liabilities, and $152.0 million and $145.2 million of other liabilities included in other line items as of September 30, 2022 and December 31, 2021, respectively.