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SLG logo SLG
Upturn stock rating
SLG logo

SL Green Realty Corp (SLG)

Upturn stock rating
$51.41
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • 1Y
  • 1M
  • 1W

Upturn Advisory Summary

10/30/2025: SLG (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Moderate Performance

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

Number of Analysts

rating

18 Analysts rated it

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

1 Year Target Price $62.05

1 Year Target Price $62.05

Analysts Price Target For last 52 week
$62.05 Target price
52w Low $43.95
Current$51.41
52w High $79.06

Analysis of Past Performance

Type Stock
Historic Profit 52.18%
Avg. Invested days 38
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/30/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.90B USD
Price to earnings Ratio 2570.5
1Y Target Price 62.05
Price to earnings Ratio 2570.5
1Y Target Price 62.05
Volume (30-day avg) 18
Beta 1.75
52 Weeks Range 43.95 - 79.06
Updated Date 10/30/2025
52 Weeks Range 43.95 - 79.06
Updated Date 10/30/2025
Dividends yield (FY) 5.96%
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 2025-10-15
When After Market
Estimate -0.2602
Actual 0.4972

Profitability

Profit Margin -17.68%
Operating Margin (TTM) 4.23%

Management Effectiveness

Return on Assets (TTM) -1.41%
Return on Equity (TTM) -2.75%

Valuation

Trailing PE 2570.5
Forward PE 9.56
Enterprise Value 8975662202
Price to Sales(TTM) 5.89
Enterprise Value 8975662202
Price to Sales(TTM) 5.89
Enterprise Value to Revenue 9.96
Enterprise Value to EBITDA 20.18
Shares Outstanding 71028166
Shares Floating 70952000
Shares Outstanding 71028166
Shares Floating 70952000
Percent Insiders 0.07
Percent Institutions 92.57

ai summary icon Upturn AI SWOT

SL Green Realty Corp

stock logo

Company Overview

overview logo History and Background

SL Green Realty Corp was founded in 1997. It is Manhattan's largest office landlord and a leading real estate investment trust (REIT). It primarily focuses on acquiring, managing, and maximizing the value of commercial properties, mainly in the New York metropolitan area. Over time, it has grown through strategic acquisitions and developments.

business area logo Core Business Areas

  • Office Properties: Acquisition, ownership, management, and leasing of office properties, predominantly in Manhattan.
  • Retail Properties: Ownership, management, and leasing of retail spaces, often integrated with their office properties.
  • Debt and Preferred Equity Investments: Origination, acquisition and management of debt and preferred equity investments secured primarily by commercial real estate.

leadership logo Leadership and Structure

Marc Holliday serves as the Chairman and Chief Executive Officer. The organizational structure is typical of a REIT, with a board of directors overseeing management and investment strategies.

Top Products and Market Share

overview logo Key Offerings

  • Office Space Leasing: SL Green's primary offering is leasing premium office space in Manhattan. Market share data fluctuates but SL Green is Manhattan's largest office landlord. Competitors include Vornado Realty Trust (VNO), Boston Properties (BXP), and Rudin Management Company.
  • Retail Space Leasing: SL Green also leases retail space, often within its office buildings. Revenue from retail is smaller compared to office space. Competitors include Brookfield Properties, Westfield, and Simon Property Group (SPG) in select locations.

Market Dynamics

industry overview logo Industry Overview

The commercial real estate industry, particularly in Manhattan, is highly competitive and influenced by economic conditions, interest rates, and demand for office and retail space. The rise of remote work has created headwinds, affecting occupancy rates.

Positioning

SL Green is positioned as a premium office space provider in Manhattan. Its competitive advantages include its extensive portfolio of high-quality properties and its deep understanding of the New York City market.

Total Addressable Market (TAM)

The total addressable market for commercial real estate in Manhattan is estimated to be in the hundreds of billions of dollars. SL Green is well-positioned to capture a significant portion of this TAM through its strategic locations and premium offerings. However, evolving work patterns are reshaping demand.

Upturn SWOT Analysis

Strengths

  • Dominant position in the Manhattan office market
  • High-quality portfolio of premium properties
  • Experienced management team
  • Strong relationships with tenants

Weaknesses

  • High concentration in the Manhattan market, increasing risk
  • Vulnerability to economic downturns and changing work patterns
  • High debt levels
  • Exposure to rising interest rates

Opportunities

  • Redevelopment and repositioning of existing properties
  • Expansion into new markets within the New York metropolitan area
  • Capitalizing on demand for flexible office spaces
  • Strategic acquisitions of undervalued properties

Threats

  • Economic recession and reduced demand for office space
  • Increased competition from other REITs and landlords
  • Rising interest rates and increased borrowing costs
  • The lasting impact of remote work trends on office occupancy

Competitors and Market Share

competitor logo Key Competitors

  • VNO
  • BXP
  • ESRT
  • DRE
  • CUZ

Competitive Landscape

SL Green's advantage lies in its Manhattan-focused portfolio. However, it faces challenges from larger, more diversified REITs that may have greater financial flexibility.

Major Acquisitions

450 Park Avenue

  • Year: 2023
  • Acquisition Price (USD millions): 445
  • Strategic Rationale: Expand SL Green's portfolio of trophy assets in Midtown Manhattan.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by acquisitions, development projects, and rent increases. Evaluate past growth based on FFO per share and asset growth.

Future Projections: Future projections depend on economic conditions in New York City and SL Green's ability to lease its properties. Analyst estimates should be sourced from reputable financial institutions.

Recent Initiatives: Recent strategic initiatives include redevelopment projects, cost-cutting measures, and efforts to adapt to changing tenant demands.

Summary

SL Green holds a dominant position in Manhattan's office market with a high-quality portfolio. However, the company faces challenges due to high debt, economic uncertainties, and the evolving demand for office space. Its future success depends on adapting to these changes, managing its debt effectively, and capitalizing on redevelopment opportunities. Recent acquisitions indicate a continued focus on core markets.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • SL Green Realty Corp Investor Relations
  • SEC Filings
  • MarketWatch
  • Yahoo Finance
  • Bloomberg

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Please consult with a financial professional before making any investment decisions.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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.