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. More Details
6 star dividend payer and undervalued.
Share Price & News
How has SL Green Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SLG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SLG's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SLG exceeded the US REITs industry which returned 18.3% over the past year.
Return vs Market: SLG underperformed the US Market which returned 56.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SL Green Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StCan Mixed Fundamentals Have A Negative Impact on SL Green Realty Corp. (NYSE:SLG) Current Share Price Momentum?
2 months ago | Simply Wall StCraig Hatkoff Is The Independent Director of SL Green Realty Corp. (NYSE:SLG) And They Just Sold 60% Of Their Shares
3 months ago | Simply Wall StSL Green Realty's (NYSE:SLG) Shareholders Are Down 47% On Their Shares
Is SL Green Realty undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SLG ($72.2) is trading below our estimate of fair value ($108.58)
Significantly Below Fair Value: SLG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SLG is good value based on its PE Ratio (14.4x) compared to the US REITs industry average (46.5x).
PE vs Market: SLG is good value based on its PE Ratio (14.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: SLG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SLG is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.8x).
How is SL Green Realty forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SLG's earnings are forecast to decline over the next 3 years (-67.1% per year).
Earnings vs Market: SLG's earnings are forecast to decline over the next 3 years (-67.1% per year).
High Growth Earnings: SLG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SLG's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: SLG's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SLG's Return on Equity is forecast to be low in 3 years time (1.3%).
How has SL Green Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SLG has a large one-off gain of $255.0M impacting its December 31 2020 financial results.
Growing Profit Margin: SLG's current net profit margins (34.5%) are higher than last year (21.1%).
Past Earnings Growth Analysis
Earnings Trend: SLG's earnings have grown by 0.6% per year over the past 5 years.
Accelerating Growth: SLG's earnings growth over the past year (39.2%) exceeds its 5-year average (0.6% per year).
Earnings vs Industry: SLG earnings growth over the past year (39.2%) exceeded the REITs industry -4.4%.
Return on Equity
High ROE: SLG's Return on Equity (7.5%) is considered low.
How is SL Green Realty's financial position?
Financial Position Analysis
Short Term Liabilities: SLG's short term assets ($970.4M) exceed its short term liabilities ($628.0M).
Long Term Liabilities: SLG's short term assets ($970.4M) do not cover its long term liabilities ($5.6B).
Debt to Equity History and Analysis
Debt Level: SLG's debt to equity ratio (90.8%) is considered high.
Reducing Debt: SLG's debt to equity ratio has reduced from 121.5% to 90.8% over the past 5 years.
Debt Coverage: SLG's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: SLG's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is SL Green Realty current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SLG's dividend (5.04%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: SLG's dividend (5.04%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: SLG's dividends per share have been stable in the past 10 years.
Growing Dividend: SLG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.2%), SLG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SLG's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marc Holliday (54 yo)
Mr. Marc Holliday has been the Chief Executive Officer at SL Green Realty Corp. since January 5, 2004 and serves as Chairman of the Board since January 2019. He serves as a Chairman and Chief Executive Off...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD20.99M) is above average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Marc's compensation has increased by more than 20% in the past year.
Experienced Management: SLG's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: SLG's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SLG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SL Green Realty Corp.'s company bio, employee growth, exchange listings and data sources
- Name: SL Green Realty Corp.
- Ticker: SLG
- Exchange: NYSE
- Founded: 1997
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$5.081b
- Market Cap: US$5.007b
- Shares outstanding: 70.38m
- Website: https://www.slgreen.com
Number of Employees
- SL Green Realty Corp.
- 420 Lexington Avenue
- New York
- New York
- United States
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 maximizi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 22:08|
|End of Day Share Price||2021/04/09 00:00|
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 here.