SL Green Realty (SLG) Stock Overview
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
SLG Community Fair Values
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Analyst Price Targets
SL Green Realty Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$51.54 |
| 52 Week High | US$66.29 |
| 52 Week Low | US$34.77 |
| Beta | 1.57 |
| 1 Month Change | 1.94% |
| 3 Month Change | 18.27% |
| 1 Year Change | -13.86% |
| 3 Year Change | 42.26% |
| 5 Year Change | -33.41% |
| Change since IPO | 94.37% |
Recent News & Updates
Narrative Update • Jun 30
SLG: NYC Office Leasing Momentum And Dividends Will Shape Forward Return Balance
Analysts have trimmed the fair value estimate for SL Green Realty to about $49, even as Street price targets in the $50 to $53 range reflect updated views on New York City office leasing strength and demand from key tenant groups. Analyst Commentary Recent Street research on SL Green Realty shows a mix of optimism around New York City office leasing trends and caution on how those trends translate into long term value for shareholders.
Narrative Update • Jun 16
SLG: New York Leasing And Asset Sales Are Expected To Support Future Cash Flows
Analysts have nudged the fair value estimate for SL Green Realty higher to about $64, citing a series of recent price target increases into the low to mid $50s and improved sentiment around New York City office leasing after first-quarter updates and the NAREIT conference. Analyst Commentary Bullish analysts have been adjusting their fair value views on SL Green around fresh information from first quarter updates and the recent NAREIT conference, with several price targets now clustered in the low to mid US$50 range.Recent updates
Narrative Update • Jun 30
SLG: NYC Office Leasing Momentum And Dividends Will Shape Forward Return Balance
Analysts have trimmed the fair value estimate for SL Green Realty to about $49, even as Street price targets in the $50 to $53 range reflect updated views on New York City office leasing strength and demand from key tenant groups. Analyst Commentary Recent Street research on SL Green Realty shows a mix of optimism around New York City office leasing trends and caution on how those trends translate into long term value for shareholders.Narrative Update • Jun 16
SLG: New York Leasing And Asset Sales Are Expected To Support Future Cash Flows
Analysts have nudged the fair value estimate for SL Green Realty higher to about $64, citing a series of recent price target increases into the low to mid $50s and improved sentiment around New York City office leasing after first-quarter updates and the NAREIT conference. Analyst Commentary Bullish analysts have been adjusting their fair value views on SL Green around fresh information from first quarter updates and the recent NAREIT conference, with several price targets now clustered in the low to mid US$50 range.
Narrative Update • Jun 02
SLG: Office Leasing Recovery And Joint Venture Activity Will Ultimately Disappoint
Narrative Update Analysts have inched up their average price target on SL Green Realty by $1, citing indications of stronger NYC office leasing momentum and broad-based tenant demand. At the same time, updated models reflect a slightly higher discount rate and more cautious assumptions on revenue, profit margins, and valuation multiples.Seeking Alpha • May 19
SL Green: Occupancy Gains, But FFO Continues To Dip
Summary SL Green Realty Corp. saw significant occupancy and leasing gains in the first quarter as FFO declined, and rising U.S. Treasury yields look set to form a headwind for REITs. SLG's Manhattan same-store occupancy rose to 94.4% in the first quarter, with guidance for this to reach 95% by the end of 2026. First quarter FFO fell to $0.84 per share, missing consensus and down from $1.43 in the year-ago comp. Read the full article on Seeking AlphaNarrative Update • May 11
SLG: Leasing And Capital Recycling Progress Are Expected To Support Future Cash Flows
Analysts have nudged their blended fair value estimate for SL Green Realty higher to about $63.56, citing recent price target increases, more optimistic profit margin assumptions, and a lower implied future P/E multiple, even as they factor in a slightly higher discount rate and softer revenue growth expectations. Analyst Commentary Recent Street research on SL Green Realty shows a mix of higher and lower price targets, but with a clear cluster of constructive calls that anchor the blended fair value estimate around the low to mid US$60s.Narrative Update • Apr 27
SLG: AI Disruption Narrative Will Pressure Office Demand And Future Earnings Multiples
The analyst fair value target for SL Green Realty has shifted modestly lower to $36 as analysts balance updated sector headwinds, including AI related concerns for office demand and valuation multiples, against recent price target changes and mixed rating actions across the Street. Analyst Commentary Research commentary on SL Green Realty has been mixed, with a series of price target changes in both directions over recent months.Narrative Update • Apr 13
SLG: Leasing Progress And Park Avenue Tower Acquisition Are Expected To Support Future Cash Flows
SL Green Realty's analyst price target has been trimmed by about $1 to reflect slightly softer revenue growth and profit margin assumptions, as analysts factor in recent target cuts tied to concerns about office demand, AI related job risks and sector multiples, partially balanced by some support from improved leasing commentary. Analyst Commentary Recent Street research around SL Green Realty reflects a mixed backdrop of price target revisions, with several firms cutting targets on office demand and AI related risks, alongside a smaller group of bullish analysts pointing to valuation support and improving leasing trends.Narrative Update • Mar 30
SLG: Leasing Progress And Park Avenue Assets Are Expected To Support Future Cash Flows
The updated analyst price target for SL Green Realty has edged lower by about $1.45 per share as analysts factor in slightly higher discount rates, modestly weaker revenue growth assumptions, and a marginally softer profit margin outlook. Recent rating changes and target resets highlight differing views on office demand risks and valuation.Narrative Update • Mar 16
SLG: Leasing Momentum And Park Avenue Cluster Are Expected To Support Cash Flows
Analysts have trimmed the fair value estimate for SL Green Realty by about $4.90 to $65.94. This reflects a series of reduced price targets across the Street that cite concerns around office REIT cash flow visibility, valuation multiples and the potential impact of AI on long term office demand, even as some still view current pricing as attractive.Narrative Update • Mar 02
SLG: AI Disruption And Leasing Progress Will Shape Future Earnings Power
Analysts have reduced their blended price target and fair value estimate for SL Green Realty, with our fair value moving from $42.00 to $37.00. This reflects updated views on higher required returns, weaker expected revenue growth, and lower profit margins for office REITs as AI related disruption pressures sector multiples.Narrative Update • Feb 16
SLG: Midtown Acquisitions And Leasing Progress Will Support Future Upside
SL Green Realty's updated analyst price target has shifted from about $56.79 to roughly $51.83, as analysts factor in a series of target cuts across the Street and adjust for a higher discount rate, softer revenue expectations, slimmer profit margins, and a higher assumed future P/E multiple. Analyst Commentary Recent Street research on SL Green Realty has been clustered around reduced price targets, with analysts reworking their models to reflect sector wide pressures in office and broader real estate.Narrative Update • Feb 01
SLG: Leasing Momentum And Park Avenue Transactions Will Support Future Cash Flows
Analysts have trimmed their price targets on SL Green Realty, and our updated fair value estimate now sits at about US$70.83 per share, up roughly US$0.26. This reflects lower revenue growth and profit margin assumptions, which are partially offset by a higher future P/E multiple.Narrative Update • Jan 18
SLG: Leasing Momentum And Manhattan Acquisitions Will Support Future Cash Flows
Analysts have reduced their fair value estimate for SL Green Realty from about US$76.00 to roughly US$70.57, reflecting lower Street price targets along with updated assumptions on discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on SL Green Realty has leaned cautious on price targets, but there are still some clear positives that bullish analysts are highlighting for investors.Narrative Update • Jan 04
SLG: Rising Interest Costs Will Undermine Earnings Despite Strong Leasing Momentum
Analysts have trimmed their fair value estimate for SL Green Realty from $50.00 to $42.00 as they weigh lower long term revenue growth expectations and modestly tighter profit margin and valuation assumptions against still solid sector level leasing momentum and resilient Q3 REIT earnings. Analyst Commentary Recent Street research on SL Green Realty reflects a more cautious stance, with a series of incremental price target reductions clustering in a relatively short time frame.Narrative Update • Dec 14
SLG: Midtown Acquisition And Leasing Pipeline Will Drive Upside Ahead
Analysts have trimmed their blended price target on SL Green Realty by about $3 to the mid $60s, reflecting modestly lower fair value estimates. They continue to cite steady leasing momentum, solid Q3 REIT sector performance, and improving long term AFFO trends, tempered by higher interest expense and softer investment income assumptions.Narrative Update • Nov 27
SLG: Leasing Momentum And New Midtown Deal Will Drive Office Market Upside
Analysts have revised their average price target for SL Green Realty down slightly to approximately $60.16 from $62, citing cautious outlooks on FFOPS estimates and persistent interest expense concerns. This comes despite signs of leasing momentum and recent strong sector earnings.Narrative Update • Nov 13
SLG: Improving Leasing Momentum Will Drive Opportunity Following Midtown Office Acquisition
The analyst consensus price target for SL Green Realty has been adjusted lower by $0.05 to $62.00. Analysts cite mixed sector momentum, changing interest expense expectations, and revisions to forward earnings estimates as key factors behind the modest reduction.Narrative Update • Oct 29
Upcoming Manhattan Acquisition Will Drive Long-Term Gains Amid Market Uncertainty
Analysts have slightly reduced their price target for SL Green Realty, lowering it from approximately $63.28 to $62.05. This adjustment is based on updated forecasts for interest expenses and investment income, despite some positive operational trends.
New Narrative • Mar 20
New York City's Office Market Will Boost Leasing Activity, But Economic Uncertainties May Challenge Profitability
Strong leasing activity and focus on prime assets likely drive revenue growth through higher rents and decreased concessions alongside rising occupancy rates.Shareholder Returns
| SLG | US Office REITs | US Market | |
|---|---|---|---|
| 7D | 6.6% | 4.6% | -2.0% |
| 1Y | -13.9% | 1.9% | 17.4% |
Return vs Industry: SLG underperformed the US Office REITs industry which returned 1.9% over the past year.
Return vs Market: SLG underperformed the US Market which returned 17.4% over the past year.
Price Volatility
| SLG volatility | |
|---|---|
| SLG Average Weekly Movement | 5.2% |
| Office REITs Industry Average Movement | 4.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: SLG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SLG's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1980 | 1,289 | Marc Holliday | www.slgreen.com |
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT. It focuses primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2026, SL Green held interests in 55 buildings totaling 30.8 million square feet which included ownership interests in 29.4 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 3 buildings totaling 0.8 million square feet owned by third parties.
SL Green Realty Corp. Fundamentals Summary
| SLG fundamental statistics | |
|---|---|
| Market cap | US$3.97b |
| Earnings (TTM) | -US$177.04m |
| Revenue (TTM) | US$937.37m |
3.9x
P/S Ratio-20.7x
P/E RatioIs SLG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SLG income statement (TTM) | |
|---|---|
| Revenue | US$937.37m |
| Cost of Revenue | US$489.73m |
| Gross Profit | US$447.65m |
| Other Expenses | US$624.69m |
| Earnings | -US$177.04m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 22, 2026
| Earnings per share (EPS) | -2.49 |
| Gross Margin | 47.76% |
| Net Profit Margin | -18.89% |
| Debt/Equity Ratio | 128.0% |
How did SLG perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield47%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/20 03:43 |
| End of Day Share Price | 2026/07/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SL Green Realty Corp. is covered by 40 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| David Rodgers | Baird |
| Ross Smotrich | Barclays |