SL Green Realty (NYSE:SLG) - Stock Price, News & Analysis

SLG Stock Overview

SLG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	6/6

Rewards

Trading at 29.5% below our estimate of its fair value

Pays a high and reliable dividend of 5.9%

Risk Analysis

Debt is not well covered by operating cash flow

Significant insider selling over the past 3 months

SL Green Realty Corp. Competitors

Cousins Properties

NYSE:CUZ

US$3.5b

Kilroy Realty

NYSE:KRC

US$3.9b

Douglas Emmett

NYSE:DEI

US$2.6b

Highwoods Properties

NYSE:HIW

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for SL Green Realty
Historical stock prices
Current Share Price	US$50.88
52 Week High	US$55.75
52 Week Low	US$20.51
Beta	1.7
1 Month Change	0.39%
3 Month Change	7.68%
1 Year Change	118.46%
3 Year Change	-34.18%
5 Year Change	-44.71%
Change since IPO	91.88%

SL Green Realty Stock: 3 Key Takeaways From First Quarter Earnings

Apr 18

Recent updates

Shareholder Returns

	SLG	US Office REITs	US Market
7D	4.9%	2.8%	1.0%
1Y	118.5%	9.4%	21.9%

Return vs Industry: SLG exceeded the US Office REITs industry which returned 13.5% over the past year.

Return vs Market: SLG exceeded the US Market which returned 24.9% over the past year.

Price Volatility

Is SLG's price volatile compared to industry and market?
SLG volatility
SLG Average Weekly Movement	6.3%
Office REITs Industry Average Movement	5.6%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.0%

Stable Share Price: SLG has not had significant price volatility in the past 3 months.

Volatility Over Time: SLG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	1,188	Marc Holliday	www.slgreen.com

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 September 30, 2023, SL Green held interests in 59 buildings totaling 32.5 million square feet. This included ownership interests in 28.8 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

SL Green Realty Corp. Fundamentals Summary

How do SL Green Realty's earnings and revenue compare to its market cap?
SLG fundamental statistics
Market cap	US$3.53b
Earnings (TTM)	-US$515.51m
Revenue (TTM)	US$806.16m

4.1x

P/S Ratio

-6.4x

P/E Ratio

Is SLG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SLG income statement (TTM)
Revenue	US$806.16m
Cost of Revenue	US$438.22m
Gross Profit	US$367.95m
Other Expenses	US$883.46m
Earnings	-US$515.51m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-7.95
Gross Margin	45.64%
Net Profit Margin	-63.95%
Debt/Equity Ratio	89.2%

How did SLG perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

68%

Payout Ratio

Does SLG pay a reliable dividends?

See SLG dividend history and benchmarks

When do you need to buy SLG by to receive an upcoming dividend?
SL Green Realty dividend dates
Ex Dividend Date	Apr 29 2024
Dividend Pay Date	May 15 2024
Days until Ex dividend	2 days
Days until Dividend pay date	18 days

Does SLG pay a reliable dividends?

See SLG dividend history and benchmarks

SLG Stock Overview

Rewards

Risk Analysis

SL Green Realty Corp. Competitors

NYSE:CUZ

US$3.5b

NYSE:KRC

US$3.9b

NYSE:DEI

US$2.6b

NYSE:HIW

US$2.8b

Price History & Performance

Recent News & Updates

Upcoming dividend of US$0.25 per share

Dividend of US$0.25 announced

SL Green Realty Corp. Announces Monthly Ordinary Dividend, Payable on May 15, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

SL Green Realty Stock: 3 Key Takeaways From First Quarter Earnings

Sl Green Realty Corp. Maintains Earnings Guidance for the Year 2024

Recent updates

Upcoming dividend of US$0.25 per share

Dividend of US$0.25 announced

SL Green Realty Corp. Announces Monthly Ordinary Dividend, Payable on May 15, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

SL Green Realty Stock: 3 Key Takeaways From First Quarter Earnings

Sl Green Realty Corp. Maintains Earnings Guidance for the Year 2024

Consensus EPS estimates upgraded to US$0.56 loss

Upcoming dividend of US$0.25 per share

SL Green Realty Corp. to Report Q1, 2024 Results on Apr 17, 2024

Dividend of US$0.25 announced

SL Green Realty Corp. Announces Monthly Common Stock Dividend, Payable on April 15, 2024

New minor risk - Shareholder dilution

So What If SL Green Cut Its Dividend Again

Full year 2023 earnings: EPS misses analyst expectations

Dividend of US$0.25 announced

New minor risk - Shareholder dilution

SL Green Realty Corp. Announces Common Stock Dividend, Payable on March 15, 2024

SL Green Realty Corp., Annual General Meeting, Jun 03, 2024

Consensus estimates of losses per share improve by 19%

Independent Director recently sold US$467k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

SL Green: The Common Seems Better Than The Preferred

Upcoming dividend of US$0.25 per share at 6.4% yield

SL Green Realty Corp. Announces Monthly Common Stock Dividend, Payable on February 15, 2024

Price target increased by 8.1% to US$39.35

SL Green: More Green Shoots, Still Many Questions

SL Green Realty Corp. to Report Q4, 2023 Results on Jan 24, 2024

Upcoming dividend of US$0.25 per share at 6.5% yield

Price target increased by 7.6% to US$35.88

SL Green Realty Corp. Provides Earnings Guidance for the Year Ended December 31, 2024

SL Green Realty Corp. Announces Annual Ordinary Dividend, Payable on January 16, 2024

SL Green: A Positive Investor Day Should Not Outweigh Long-Term Challenges

Upcoming dividend of US$0.27 per share at 9.9% yield

SL Green Realty Corp. Announces Monthly Common Stock Dividend, Payable on December 15, 2023

President & Director recently sold US$5.7m worth of stock

President & Director notifies of intention to sell stock

SL Green: A Covered 10.2% Yield Being Reviewed, Huge 50% Discount To Book

Consensus revenue estimates fall by 11%

Upcoming dividend of US$0.27 per share at 10% yield

Now 25% undervalued after recent price drop

SL Green Realty Corp. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2023

SL Green Realty Corp.Announces Executive Changes

SL Green Realty Corp. to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.27 per share at 8.1% yield

Consensus EPS estimates fall by 21%

SL Green: NYC Office Landlord Survived The March Scare - What's Next

SL Green: High Dividend And Margin Of Safety To Own A Piece Of NYC

Independent Director recently sold US$233k worth of stock

Independent Director notifies of intention to sell stock

Consensus EPS estimates fall by 30%

SL Green's Fat Yield Is Safe, Commons Trading For 61 Cents On The Dollar

Consensus EPS estimates upgraded to US$1.37 loss, revenue downgraded

New minor risk - Share price stability

New minor risk - Shareholder dilution

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SL Green: A Value Trap With Too Much Debt

Mori Trust Co., Ltd. acquired 49.9% interest in 245 Park Avenue from SL Green Realty Corp. (NYSE:SLG).

SL Green: A Promising Partial Sale, But Not The End Of All Woes

Upcoming dividend of US$0.27 per share at 13% yield