SLG official logo SLG
SLG 3-star rating from Upturn Advisory
SL Green Realty Corp (SLG) company logo

SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) 3-star rating from Upturn Advisory
$47.13
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Upturn Advisory Summary

11/28/2025: SLG (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 3 star rating for performance

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

3 star rating from financial analysts

18 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $60.16

1 Year Target Price $60.16

Analysts Price Target For last 52 week
$60.16 Target price
52w Low $42.69
Current$47.13
52w High $75.08

Analysis of Past Performance

Type Stock
Historic Profit 52.17%
Avg. Invested days 38
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/28/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.58B USD
Price to earnings Ratio 2356.5
1Y Target Price 60.16
Price to earnings Ratio 2356.5
1Y Target Price 60.16
Volume (30-day avg) 18
Beta 1.58
52 Weeks Range 42.69 - 75.08
Updated Date 11/30/2025
52 Weeks Range 42.69 - 75.08
Updated Date 11/30/2025
Dividends yield (FY) 6.54%
Basic EPS (TTM) 0.02

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 3.87%
Operating Margin (TTM) 4.23%

Management Effectiveness

Return on Assets (TTM) -0.58%
Return on Equity (TTM) 0.61%

Valuation

Trailing PE 2356.5
Forward PE 9.56
Enterprise Value 8298505007
Price to Sales(TTM) 5.4
Enterprise Value 8298505007
Price to Sales(TTM) 5.4
Enterprise Value to Revenue 9.12
Enterprise Value to EBITDA 16.2
Shares Outstanding 71025886
Shares Floating 70949178
Shares Outstanding 71025886
Shares Floating 70949178
Percent Insiders 0.07
Percent Institutions 92.31

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

SL Green Realty Corp

SL Green Realty Corp(SLG) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

SL Green Realty Corp. was founded in 1980 by Stephen L. Green. Initially focused on acquiring and managing commercial properties in the New York metropolitan area, it has grown to become Manhattan's largest office landlord.

Company business area logo Core Business Areas

  • Commercial Real Estate Ownership: Owns, manages, and develops commercial properties, primarily office buildings, in Manhattan.
  • Real Estate Investment Management: Manages real estate investments on behalf of institutional investors.
  • Debt and Preferred Equity Investments: Originates and invests in debt and preferred equity related to commercial real estate.

leadership logo Leadership and Structure

Marc Holliday serves as the Chairman and CEO. The company operates with a typical REIT structure with an executive management team and a board of directors.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Office Space Leasing: SL Green's primary offering is leasing office space in its Manhattan portfolio. They are Manhattan's largest office landlord but market share fluctuates with acquisitions/disposals and new developments. Competitors include VNO, ESRT, and KREF.
  • Debt and Preferred Equity Investments: SL Green provides debt and preferred equity financing to other real estate owners and developers. Market share data is not readily available as it is a fragmented market.

Market Dynamics

industry overview logo Industry Overview

The commercial real estate industry, particularly in Manhattan, is currently facing headwinds due to increased remote work, higher interest rates, and economic uncertainty.

Positioning

SL Green is the largest office landlord in Manhattan, giving it significant influence and scale. However, it faces challenges from changing tenant demands and competition from other large REITs.

Total Addressable Market (TAM)

The TAM for Manhattan commercial real estate is valued in the hundreds of billions of dollars. SL Green, being the largest landlord, controls a significant portion of this market. Positioned to adapt and retain the companies that want to have presence in NY.

Upturn SWOT Analysis

Strengths

  • Largest office landlord in Manhattan
  • Strong brand recognition
  • Experienced management team
  • Extensive network of relationships

Weaknesses

  • High concentration in Manhattan
  • Vulnerable to economic downturns
  • High debt levels
  • Exposure to obsolescence of office space

Opportunities

  • Redevelopment of existing properties
  • Acquisitions of undervalued assets
  • Expansion into new markets (limited)
  • Capitalizing on demand for high-quality office space

Threats

  • Economic recession
  • Increased remote work adoption
  • Rising interest rates
  • Increased competition

Competitors and Market Share

Key competitor logo Key Competitors

  • VNO
  • ESRT
  • KREF
  • O
  • ARE
  • BXP

Competitive Landscape

SL Green benefits from its scale and deep understanding of the Manhattan market. However, competitors may have different geographic focuses or stronger financial positions. Its advantages are offset by the high debt levels.

Major Acquisitions

Saratoga Investment Corp

  • Year: 2023
  • Acquisition Price (USD millions):
  • Strategic Rationale: SL Green acquired Saratoga Investment Corp's debt investment portfolio to expand its debt investment platform.

Growth Trajectory and Initiatives

Historical Growth: Discuss SL Green Realty Corp's growth trends over the past years. - Placeholder due to dynamic data.

Future Projections: Provide projections for SL Green Realty Corp's future growth based on analyst estimates. - Placeholder due to dynamic data.

Recent Initiatives: Highlight recent strategic initiatives undertaken by SL Green Realty Corp. - Placeholder due to dynamic data.

Summary

SL Green is a dominant player in Manhattan commercial real estate but faces significant challenges from remote work and economic uncertainty. Its scale and market knowledge are strengths, but its high debt and concentration in one market are weaknesses. Redevelopment and strategic acquisitions are key to its future success, but broader economic trends will heavily influence its performance.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • SL Green Realty Corp. Investor Relations
  • SEC Filings
  • Market Research Reports
  • Analyst Estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and based on available information, which may be limited. Financial data is dynamic and subject to change.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About SL Green Realty Corp

Exchange NYSE
Headquaters New York, NY, United States
IPO Launch date 1997-08-15
Interim President, Chairman & CEO Mr. Marc Holliday
Sector Real Estate
Industry REIT - Office
Full time employees 1221
Full time employees 1221

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 the value of Manhattan commercial properties. As of September 30, 2025, SL Green held interests in 53 buildings totaling 30.7 million square feet. This included ownership interests in 27.1 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments.