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SLG Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
40.280
Open
39.390
VWAP
38.90
Vol
1.87M
Mkt Cap
2.74B
Low
37.850
Amount
72.68M
EV/EBITDA(TTM)
19.10
Total Shares
71.03M
EV
8.65B
EV/OCF(TTM)
104.35
P/S(TTM)
2.72
SL Green Realty Corp. is a fully integrated real estate investment trust. The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment, and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings, and asset value appreciation. The Company holds interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Its properties include 1185 Avenue of the Americas, 810 Seventh Avenue, 711 Third Avenue, and 555 West 57th Street, 1350 Avenue of the Americas, and 10 East 53rd Street.
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Events Timeline

(ET)
2026-03-09
07:50:00
SL Green Realty Leases 92,663 Sq Ft to Harvey AI
select
2026-03-02 (ET)
2026-03-02
08:00:00
SL Green Realty Appoints Harrison Sitomer as President and CIO
select
2026-03-02
07:50:00
SL Green Realty Signs 32 Manhattan Office Leases
select
2026-03-02
07:40:00
SL Green Realty and Wharton Properties Close Sale of 690 Madison Avenue for $54.5 Million
select

News

Newsfilter
8.5
03-09Newsfilter
PinnedSL Green Realty Signs Historic Lease Expansion
  • Record Leasing Performance: SL Green Realty's signing of a 92,663 square foot lease with Harvey AI at One Madison Avenue brings total leasing for Q1 2026 to 832,135 square feet, marking the highest leasing volume in the company's 28-year history, reflecting strong market demand and the company's leadership in the premium office sector.
  • Successful Project Transformation: The timely completion of leasing at One Madison Avenue, which exceeded initial rental expectations, showcases SL Green's innovative capabilities in adaptive reuse projects, further solidifying its market position in Manhattan.
  • Attraction of High-End Clients: The building's tenant roster includes top global technology and financial services firms such as IBM and Franklin Templeton, with Harvey AI's expansion underscoring One Madison Avenue's status as a model for future office spaces that meet the demand for high-quality work environments.
  • Optimistic Future Outlook: SL Green anticipates that by the end of 2026, over two-thirds of its office portfolio will achieve a weighted average leased occupancy of 98% or more, indicating success in attracting long-term tenants and signaling continued growth and profitability ahead.
seekingalpha
5.0
03-02seekingalpha
SL Green Promotes CIO to President and Updates Leasing Activity
  • Executive Promotion: SL Green has promoted Harrison Sitomer from Chief Investment Officer to President, highlighting the company's commitment to nurturing internal talent as Sitomer has progressed from intern to various investment roles since joining the firm.
  • Property Sale: The company, in partnership with Wharton Properties, completed the sale of 690 Madison Avenue for $54.5 million, underscoring the ongoing demand for flagship locations occupied by high-end retail users, thereby reinforcing SL Green's position in the premium property market.
  • Leasing Activity: In the first two months of 2026, SL Green signed office leases totaling 491,098 square feet, indicating strong demand for high-quality buildings, with rising rents and decreasing vacancy rates supporting future revenue growth for the company.
  • Market Dynamics: Although the current leasing total is about 64% of the 766,783 square feet signed in Q4 2025, the sustained activity level suggests that SL Green remains attractive in a competitive market, positioning itself well for ongoing success.
Newsfilter
7.5
03-02Newsfilter
SL Green Realty Sells 690 Madison Avenue for $54.5 Million
  • Transaction Overview: SL Green Realty Corp. and its joint venture partner, Wharton Properties, have successfully closed the sale of 690 Madison Avenue for $54.5 million, highlighting strong demand in Manhattan's high-end retail market.
  • Asset Details: The property is a five-story, 7,850-square-foot commercial building located on the Upper East Side, fully leased to the French luxury jewelry brand Van Cleef & Arpels, ensuring stable rental income.
  • Market Trends: Harrison Sitomer, SL Green's Chief Investment Officer, noted that the transaction reflects ongoing demand for flagship locations occupied by high-end retail users, indicating confidence in the market for premium assets.
  • Company Background: As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet, focusing on acquiring and managing Manhattan commercial properties, showcasing its leadership in the real estate investment trust (REIT) sector.
CNBC
8.5
02-23CNBC
Real Estate Investment Trusts Poised for Recovery Amid AI Concerns
  • Market Resilience: Despite market pressures from AI concerns, Real Estate Investment Trusts (REITs) have risen over 8% year-to-date, indicating their resilience in uncertain environments and potentially attracting more investor interest.
  • Interest Rate Benefits: BMO analysts predict a likely decrease in interest rates, which would benefit REIT earnings growth, enhance capitalization rates, and improve dividend attractiveness, thus providing better return prospects for investors.
  • Data Center Potential: Although data centers performed poorly last year, BMO anticipates a 17% total return for this sector in 2026, driven by increased demand from AI infrastructure spending, with Equinix highlighted as a top pick in this area.
  • Senior Housing Demand: With an aging population, Welltower stands out in senior housing REITs, expected to benefit from growing demand, and its leading position in AI applications is likely to further drive business growth.
Benzinga
6.5
02-23Benzinga
Dividend Stocks Favored Amid Market Turbulence
  • Attraction of Dividend Stocks: During turbulent and uncertain market conditions, many investors are turning to dividend-yielding stocks, which typically have high free cash flows and reward shareholders with substantial dividends, highlighting their defensive characteristics in unstable markets.
  • Real Estate Sector Performance: Analyst ratings for three high-yielding real estate stocks indicate a growing interest in these equities, particularly as economic uncertainty increases, leading investors to prefer stable income sources.
  • Analyst Ratings: Brandywine Realty Trust (NYSE: BDN), Park Hotels & Resorts Inc (NYSE: PK), and SL Green Realty Corp (NYSE: SLG) are currently recommended high-yield stocks by analysts, reflecting market confidence in these companies.
  • Investor Strategy Adjustment: As market volatility intensifies, investors may reassess their portfolios to increase allocations to dividend stocks in search of stable cash flows and risk hedging, further driving demand for these equities.
Barron's
3.0
02-18Barron's
SL Green Appears Undervalued, Yet Mamdani's Tax Proposal Poses a Risk
  • Stock Valuation: Shares of SL Green Realty, a major player in Manhattan's office market, are perceived as undervalued.
  • Dividend Yield Risk: The company's 7.8% dividend yield comes with associated risks that investors need to consider.
Wall Street analysts forecast SLG stock price to rise
15 Analyst Rating
Wall Street analysts forecast SLG stock price to rise
5 Buy
9 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
42.00
Averages
54.40
High
66.00
Current: 0.000
sliders
Low
42.00
Averages
54.40
High
66.00
Scotiabank
Outperform -> NULL
downgrade
$61 -> $51
AI Analysis
2026-03-02
Reason
Scotiabank
Price Target
$61 -> $51
AI Analysis
2026-03-02
downgrade
Outperform -> NULL
Reason
Scotiabank lowered the firm's price target on SL Green Realty to $51 from $61 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Real Estate & REIT stocks under its coverage following Q4 results, the analyst tells investors. Scotiabank believes REITs should be raising target development yields to focus on near-term funds from operations per share impact and believes external growth from acquisitions offer a "better thematic story," the firm adds.
Barclays
Brendan Lynch
Equal Weight
downgrade
$54 -> $43
2026-02-26
Reason
Barclays
Brendan Lynch
Price Target
$54 -> $43
2026-02-26
downgrade
Equal Weight
Reason
Barclays analyst Brendan Lynch lowered the firm's price target on SL Green Realty to $43 from $54 and keeps an Equal Weight rating on the shares. The firm updated models in the office real estate investment trust group following the Q4 reports. The "AI disruption narrative" will continue to weigh on office valuations, the analyst tells investors in a research note.
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Valuation Metrics

The current forward P/E ratio for SL Green Realty Corp (SLG.N) is -19.56, compared to its 5-year average forward P/E of -13.03. For a more detailed relative valuation and DCF analysis to assess SL Green Realty Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-13.03
Current PE
-19.56
Overvalued PE
190.04
Undervalued PE
-216.10

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
30.15
Current EV/EBITDA
54.28
Overvalued EV/EBITDA
37.61
Undervalued EV/EBITDA
22.69

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
5.63
Current PS
4.97
Overvalued PS
7.38
Undervalued PS
3.87

Financials

AI Analysis
Annual
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Whales Holding SLG

C
CenterSquare Investment Management LLC
Holding
SLG
+11.21%
3M Return
H
Heitman Real Estate Securities LLC
Holding
SLG
+9.98%
3M Return
A
Adelante Capital Management LLC
Holding
SLG
+8.46%
3M Return
S
Security Capital Research & Management Incorporated
Holding
SLG
+6.76%
3M Return
E
Engineers Gate Manager LP
Holding
SLG
+0.90%
3M Return

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Frequently Asked Questions

What is SL Green Realty Corp (SLG) stock price today?

The current price of SLG is 38.57 USD — it has decreased -1.46

What is SL Green Realty Corp (SLG)'s business?

SL Green Realty Corp. is a fully integrated real estate investment trust. The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment, and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings, and asset value appreciation. The Company holds interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Its properties include 1185 Avenue of the Americas, 810 Seventh Avenue, 711 Third Avenue, and 555 West 57th Street, 1350 Avenue of the Americas, and 10 East 53rd Street.

What is the price predicton of SLG Stock?

Wall Street analysts forecast SLG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLG is54.40 USD with a low forecast of 42.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is SL Green Realty Corp (SLG)'s revenue for the last quarter?

SL Green Realty Corp revenue for the last quarter amounts to 276.47M USD, increased 12.44

What is SL Green Realty Corp (SLG)'s earnings per share (EPS) for the last quarter?

SL Green Realty Corp. EPS for the last quarter amounts to -1.49 USD, decreased -1246.15

How many employees does SL Green Realty Corp (SLG). have?

SL Green Realty Corp (SLG) has 1289 emplpoyees as of March 11 2026.

What is SL Green Realty Corp (SLG) market cap?

Today SLG has the market capitalization of 2.74B USD.