SL Green Realty Corp. (SLG)

US — Real Estate Sector
Peers: BXP  DEI  KRC  ARE  VNO  HIW  HPP  PDM  OPI  CIO  BDN 

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Key Metrics & Ratings

  • symbol SLG
  • Rev/Share 13.3227
  • Book/Share 63.0203
  • PB 1.0533
  • Debt/Equity 1.2447
  • CurrentRatio 2.7925
  • ROIC 0.0169

 

  • MktCap 4362419046.0
  • FreeCF/Share 2.2859
  • PFCF 27.0988
  • PE -1220.0873
  • Debt/Assets 0.4185
  • DivYield 0.0531
  • ROE -0.0009

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 3
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade SLG Evercore ISI In-line Outperform $74 $73 March 17, 2025
Initiation SLG Jefferies -- Hold -- $58 March 17, 2025
Upgrade SLG JP Morgan Underweight Neutral $51 $80 Dec. 10, 2024
Upgrade SLG Compass Point Sell Neutral $35 $60 Sept. 18, 2024
Upgrade SLG Evercore ISI Underperform In-line $55 $66 Sept. 16, 2024
Upgrade SLG Citigroup Sell Neutral $44 $66 Sept. 13, 2024

News

Public REITs Are Positioned For Trophy Office Upside
ARE, BX, BXP, CUZ, HIW, KRC, SLG, VNO
Published: June 02, 2025 by: Seeking Alpha
Sentiment: Positive

Office buildings are experiencing accelerating bifurcation; quality assets in strong markets are outperforming as obsolete buildings face decline or conversion. We capitalized on deeply discounted valuations in 2023-24, notably with HIW, which delivered a +43% total return in 2024. Current leasing momentum, generationally low supply, and return-to-office trends support positive earnings growth for high-quality office REITs.

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image for news Public REITs Are Positioned For Trophy Office Upside
Avoid These Dividend Disasters Before It's Too Late
AMGN, BMY, COP, CVS, CVX, DLR, GNL, HD, HIMS, KO, LMT, MAC, MO, NVDA, PEP, SCHD, SLG, T, TBB, VNQ, VZ, WBA, WMT
Published: May 23, 2025 by: Seeking Alpha
Sentiment: Negative

Dividend stocks are facing many big risks. The high interest rates, trade war, and AI revolution could lead to many dividend cuts. I discuss what this all means for dividend investors.

Read More
image for news Avoid These Dividend Disasters Before It's Too Late
Dividend Harvesting Portfolio Week 220: $22,000 Allocated, $2,213.76 In Projected Dividends
BP, JEPI, KMI, MO, PDI, SLG, TGT
Published: May 22, 2025 by: Seeking Alpha
Sentiment: Positive

Markets surged on positive trade deals and Middle East investments, but I see Fed policy lagging and Moody's downgrade as overblown—pullbacks are buying opportunities. My Dividend Harvesting Portfolio hit a record $27,641.59, with a 2.87% weekly gain and forward annualized dividend income now at $2,213.76. Consistent contributions and reinvestment have driven strong dividend growth, with 2025 income up 38% year-over-year and the dividend snowball effect accelerating.

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image for news Dividend Harvesting Portfolio Week 220: $22,000 Allocated, $2,213.76 In Projected Dividends
SL Green Realty Stock Up 17.7% in a Month: Will It Continue to Rise?
SLG
Published: May 19, 2025 by: Zacks Investment Research
Sentiment: Positive

SLG is set to gain from the high demand for top-quality office spaces. However, high competition and elevated interest rates are concerns.

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image for news SL Green Realty Stock Up 17.7% in a Month: Will It Continue to Rise?
SL Green Realty Corp. Announces Common Stock Dividend
SLG
Published: May 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share. The dividend is payable in cash on June 16, 2025 to shareholders of record at the close of business on May 30, 2025.

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image for news SL Green Realty Corp. Announces Common Stock Dividend
When Your REIT Will Cut Its Dividend
AHH, BRT, BXP, CCI, CPT, CSR, DEI, FRT, HPP, IIPR, ILPT, IRT, KIM, MPW, NNN, NXRT, ONL, PINE, REG, REXR, SLG, SUI, VICI, WPC, WSR
Published: May 19, 2025 by: Seeking Alpha
Sentiment: Negative

When Your REIT Will Cut Its Dividend

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image for news When Your REIT Will Cut Its Dividend
SL Green (SLG) Up 10.7% Since Last Earnings Report: Can It Continue?
SLG
Published: May 16, 2025 by: Zacks Investment Research
Sentiment: Positive

SL Green (SLG) reported earnings 30 days ago. What's next for the stock?

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image for news SL Green (SLG) Up 10.7% Since Last Earnings Report: Can It Continue?
SL Green Realty: 5.5% Dividend Yield With Manhattan Office Exposure
SLG
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Positive

SL Green is down 20% year-to-date to trade at 9.8x annualized fiscal 2025 first quarter FFO. The REIT offers a 5.5% dividend yield with a 55% payout ratio. Manhattan's leasing activity is robust, with fourth quarter 2024 volume the highest in five years. SLG's occupancy is expected to rise to 93.2% by the end of 2025.

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image for news SL Green Realty: 5.5% Dividend Yield With Manhattan Office Exposure
Dividend Harvesting Portfolio Week 218: $21,800 Allocated, $2,195.04 In Projected Dividends
BMY, BP, BTI, MO, PFE, SLG
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Positive

Earnings season saw strong reports from Microsoft, Apple, Meta, and Amazon, boosting the S&P 500 by 2.75% and the Nasdaq by 2.82%. The Dividend Harvesting Portfolio gained 1.98% this week, with a total return of 23.42% and forward dividend income reaching $2,195.04. Added to positions in Bristol-Myers Squibb, Pfizer, and BP, focusing on undervalued stocks with strong dividend yields and growth potential.

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image for news Dividend Harvesting Portfolio Week 218: $21,800 Allocated, $2,195.04 In Projected Dividends
Dividend Harvesting Portfolio Week 217: $21,700 Allocated, $2,179.74 In Projected Dividends
BTI, GOOGL, MO, PFE, SLG, STWD
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Positive

Alphabet's strong earnings and $75 billion capex reaffirmation set a bullish tone for big tech, boosting market confidence and economic outlook. The Dividend Harvesting Portfolio rose 2.46%, reaching a balance of $26,353.05, with a 21.44% return on invested capital and $2,179.74 in forward dividend income. Added to positions in Starwood Property Trust, Pfizer, and started a new position in Schlumberger, focusing on undervalued stocks with strong long-term potential.

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image for news Dividend Harvesting Portfolio Week 217: $21,700 Allocated, $2,179.74 In Projected Dividends
SL Green's Q1 FFO & Revenue Beat Estimates, Rental Rates Improve
SLG
Published: April 17, 2025 by: Zacks Investment Research
Sentiment: Positive

SLG's Q1 results reflect improved average rental rates on the Manhattan office leases and higher same-store cash NOI.

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image for news SL Green's Q1 FFO & Revenue Beat Estimates, Rental Rates Improve
Dividend Harvesting Portfolio Week 212: $21,200 Allocated, $2,083.57 In Projected Dividends
BSTZ, CCI, HYT, MO, NVDA, O, QQQI, SLG
Published: March 27, 2025 by: Seeking Alpha
Sentiment: Positive

The FOMC meeting provided clarity on future rate cuts, boosting market sentiment; the Dividend Harvesting Portfolio saw a 0.88% increase in profitability. The Dividend Harvesting Portfolio, with a 25.87% return on invested capital, generated $12.60 in week 212, raising forward annualized dividend income to $2,083.57. I added to NEOS NASDAQ-100 (R) High Income ETF and BlackRock Corporate High Yield Fund, anticipating bullish outcomes from Fed rate cuts and corporate debt appreciation.

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image for news Dividend Harvesting Portfolio Week 212: $21,200 Allocated, $2,083.57 In Projected Dividends
4 Ultra-High Yielding Monthly Dividend Stocks Delivering Massive Passive Income Streams
LAND, LTC, SLG, WSR
Published: March 24, 2025 by: 24/7 Wall Street
Sentiment: Positive

If you love the idea of getting paid every month just for buying and holding stocks, you've come to the right place.

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image for news 4 Ultra-High Yielding Monthly Dividend Stocks Delivering Massive Passive Income Streams
Dividend Harvesting Portfolio Week 211: $21,100 Allocated, $2,070.78 In Projected Dividends
BST, ENB, HYT, NVDA, O, SLG
Published: March 20, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Harvesting Portfolio faced a challenging week, declining by -2.43%, but still maintains a 24.99% return on invested capital and a 9.81% yield. I added to Enbridge, BlackRock Science and Technology Trust, and BlackRock Corporate High Yield Fund, capitalizing on market pullbacks and tariff talks. Despite market volatility, the portfolio continues to generate substantial dividend income, with a forward projected annualized dividend income of $2,070.78.

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image for news Dividend Harvesting Portfolio Week 211: $21,100 Allocated, $2,070.78 In Projected Dividends
Bet on These 3 Equity REIT Stocks Despite Industry Challenges
SBAC, SLG, WELL
Published: March 18, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks REIT and Equity Trust - Other industry players such as WELL, SBAC and SLG are likely to benefit from healthy fundamentals and improving demand.

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image for news Bet on These 3 Equity REIT Stocks Despite Industry Challenges
Is it Wise to Retain Healthpeak Properties Stock in Your Portfolio?
CCRC, DOC, SLG, WELL
Published: March 17, 2025 by: Zacks Investment Research
Sentiment: Positive

DOC is likely to gain from solid demand for lab assets and rising senior citizens' healthcare spending despite high competition and debt burden.

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image for news Is it Wise to Retain Healthpeak Properties Stock in Your Portfolio?
Key Reasons to Add SL Green to Your Portfolio Right Now
SLG
Published: March 07, 2025 by: Zacks Investment Research
Sentiment: Positive

SLG is set to gain from high demand for top-quality office properties, a diverse tenant base and its focus on opportunistic investments.

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image for news Key Reasons to Add SL Green to Your Portfolio Right Now
SL Green Secures Renewal & Expansion Lease at 125 Park Avenue
SLG
Published: March 04, 2025 by: Zacks Investment Research
Sentiment: Positive

SLG's securing of a renewal and expansion lease with Newmark at 125 Park Avenue highlights healthy demand for its properties.

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image for news SL Green Secures Renewal & Expansion Lease at 125 Park Avenue
SL Green: On To Fiscal Year 2025
SLG
Published: February 18, 2025 by: Seeking Alpha
Sentiment: Positive

SL Green Realty Corp. had a stellar fiscal year 2024, outperforming the struggling office REIT sector and defying market expectations. The company's low debt levels are a competitive advantage. Superior management has achieved high returns with less leverage, contrasting with the common investor preference for high-debt.

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image for news SL Green: On To Fiscal Year 2025

About SL Green Realty Corp. (SLG)

  • IPO Date 1997-08-15
  • Website https://www.slgreen.com
  • Industry REIT - Office
  • CEO Mr. Marc Holliday
  • Employees 1221

SL Green Realty Corp., an S&P 500 company and 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 December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.