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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
51.620
Open
49.590
VWAP
50.57
Vol
1.83M
Mkt Cap
3.60B
Low
49.530
Amount
92.37M
EV/EBITDA(TTM)
24.03
Total Shares
71.12M
EV
10.18B
EV/OCF(TTM)
173.76
P/S(TTM)
3.52
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. It owned or held interests in approximately 16 consolidated commercial office buildings encompassing approximately 9.5 million rentable square feet and 10 unconsolidated commercial office buildings encompassing approximately 13.9 million rentable square feet located primarily in midtown Manhattan. 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 and others.
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Events Timeline

(ET)
2026-06-01
07:40:00
SL Green Realty Sells 10 East 53rd Street for $312.2M
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2026-04-28 (ET)
2026-04-28
09:20:00
SL Green Realty Secures Asset Management Assignment for 15 Laight Street from Hyundai Motor Group
select
2026-04-15 (ET)
2026-04-15
18:50:00
S&P 500 and Nasdaq Hit Record Highs, Morgan Stanley Q1 Beats Expectations
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News

seekingalpha
8.5
06-01seekingalpha
SL Green Realty Sells Manhattan Office for $312.2M as Part of $2.5B Disposition Plan
  • Strategic Disposition Plan: SL Green Realty has agreed to sell its office building at 10 East 53rd Street for $312.2 million to Meadow Partners, marking a significant step in its $2.5 billion strategic disposition plan for 2026, which underscores the value creation achieved through its redevelopment and asset management initiatives.
  • Cash Flow Generation: The transaction, expected to close in Q3 2026, will generate approximately $100 million in net cash proceeds for SL Green, which will be utilized to repay corporate debt, thereby improving the company's financial health.
  • Property Overview: The 37-story, 390,000-square-foot property is currently 92% leased, indicating strong market demand and stable rental income, which further enhances SL Green's asset portfolio.
  • Market Reaction: SL Green's shares rose 0.7% in premarket trading, reflecting a positive market perception of the transaction and indicating investor confidence in the company's strategic direction.
Newsfilter
8.5
06-01Newsfilter
SL Green Realty Sells Manhattan Property for $312.2 Million
  • Significant Transaction Value: SL Green Realty Corp. has sold the property at 10 East 53rd Street for a total consideration of $312.2 million to Meadow Partners, with the transaction expected to close in Q3 2026, marking a meaningful step in the company's $2.5 billion strategic disposition plan.
  • Cash Flow Impact: The transaction will generate approximately $100 million in net cash proceeds for SL Green, which will be used for corporate debt repayment, thereby optimizing the company's financial structure and enhancing future investment capabilities.
  • Property Background: The 37-story, 390,000 square foot building is currently 92% leased, and SL Green has completed a comprehensive redevelopment and repositioning since acquiring the property in 2012, significantly enhancing its asset value.
  • Strong Market Demand: Following the acquisition of the remaining 45% interest in the property in December 2024, SL Green capitalized on strong investor demand for high-quality, well-located Midtown assets, demonstrating the company's competitive advantage in the market.
Newsfilter
8.5
05-07Newsfilter
SL Green Wins 2026 Urban Land Institute Award for Excellence
  • Award Recognition: SL Green Realty Corp. was awarded the 2026 Urban Land Institute Award for Excellence for its One Madison Avenue project, highlighting its leadership in office development and reinforcing its market influence in Manhattan.
  • Leasing Success: One Madison Avenue is now 100% leased, with tenants including global giants like IBM and Franklin Templeton, indicating strong demand and high rental rates in the premium office market.
  • Sustainable Design: The project retains 67% of the original structure, significantly reducing carbon emissions, while the newly constructed glass tower achieves over a 60% reduction in energy use, aligning with New York City's 2030 building emissions targets.
  • Future Development: SL Green plans to continue its innovative design approach at 346 Madison, further modernizing office spaces, which is expected to attract high-end tenants and enhance the overall value of the company's asset portfolio.
moomoo
4.0
05-05moomoo
JP Morgan Increases Target Price for SL Green Realty Corp to $51, Up from $49
  • Target Price Increase: JP Morgan has raised the target price for Green Realty Corp from $49 to $51.
  • Market Implications: This adjustment reflects JP Morgan's positive outlook on Green Realty Corp's performance in the market.
Newsfilter
7.5
04-28Newsfilter
SL Green Secures Asset Management for Hyundai's 15 Laight Street
  • Asset Management Partnership: SL Green Realty Corp. has secured the asset management assignment for Hyundai Motor Group's 15 Laight Street, a 109,000 square foot building in Tribeca, marking a significant expansion in SL Green's high-end office market presence.
  • Strong Market Demand: The constrained supply of high-quality office space in Tribeca and Hudson Square is attracting numerous creative, technology, and financial services firms, and SL Green's management is expected to enhance the property's market competitiveness.
  • Unique Building Advantages: 15 Laight Street offers distinctive office spaces with spacious outdoor terraces and high-quality workplace infrastructure, aligning with today's tenants' demands for premium office environments, which is likely to attract high-end clients.
  • Strategic Investment Context: This partnership aligns with SL Green's investment through its $1.3 billion debt fund, demonstrating the company's strategic positioning in the high-end commercial real estate sector and confidence in future market opportunities.
seekingalpha
9.5
04-16seekingalpha
SL Green Realty Reports Record Q1 2026 Leasing Volume and Occupancy Targets
  • Record Leasing Volume: SL Green signed 51 leases totaling 930,000 square feet in Q1 2026, marking the largest first quarter in the company's 28-year history, indicating strong market demand that is expected to drive future revenue growth.
  • Declining Vacancy Rate: The vacancy rate for trophy buildings dropped to 3.4%, with no new space deliveries anticipated for the next three years, highlighting a tight supply-demand dynamic that should enhance rental rates and overall asset value.
  • Upgraded Performance Outlook: SL Green raised its year-end same-store occupancy target from 94.8% to 95%, reflecting management's optimism about market conditions, which is likely to further boost investor confidence and shareholder returns.
  • Strategic Development Plans: The company reiterated its $2.5 billion disposition plan and is rapidly advancing projects like 346 Madison and 750 Third Avenue, which are expected to lay the groundwork for future capital structure optimization and cash flow improvement.
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
JPMorgan
Neutral
maintain
$49 -> $51
AI Analysis
2026-05-05
Reason
JPMorgan
Price Target
$49 -> $51
AI Analysis
2026-05-05
maintain
Neutral
Reason
JPMorgan raised the firm's price target on SL Green Realty to $51 from $49 and keeps a Neutral rating on the shares.
Truist
Hold
maintain
$44 -> $46
2026-04-22
Reason
Truist
Price Target
$44 -> $46
2026-04-22
maintain
Hold
Reason
Truist raised the firm's price target on SL Green Realty to $46 from $44 and keeps a Hold rating on the shares. The firm notes the company's large Q1 FFO miss but also assumes a faster/larger narrowing of the gap between leased and economic occupancy, the analyst tells investors in a research note. Truist adds that its model assumes a lot of property dispositions, so timing and pricing could materially impact earnings results.
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Valuation Metrics

The current forward P/E ratio for SL Green Realty Corp (SLG.N) is 67.11, compared to its 5-year average forward P/E of -35.95. 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
-35.95
Current PE
67.11
Overvalued PE
102.65
Undervalued PE
-174.55

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
30.31
Current EV/EBITDA
36.90
Overvalued EV/EBITDA
37.69
Undervalued EV/EBITDA
22.93

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
5.45
Current PS
5.90
Overvalued PS
7.15
Undervalued PS
3.75

Financials

AI Analysis
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Quarterly

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Whales Holding SLG

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SLG
+11.52%
3M Return
C
CenterSquare Investment Management LLC
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SLG
+8.66%
3M Return
A
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Frequently Asked Questions

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

The current price of SLG is 50.56 USD — it has increased 3.39

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. It owned or held interests in approximately 16 consolidated commercial office buildings encompassing approximately 9.5 million rentable square feet and 10 unconsolidated commercial office buildings encompassing approximately 13.9 million rentable square feet located primarily in midtown Manhattan. 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 and others.

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 253.08M USD, increased 5.52

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 -1.20 USD, increased 300.00

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

SL Green Realty Corp (SLG) has 1289 emplpoyees as of June 20 2026.

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

Today SLG has the market capitalization of 3.60B USD.