SL Green Realty (SLG) AI Stock Analysis

• Market Cap: $4.66B
• Dividend Yield: 5.03%
• Average Volume (3M): 1.01M
• Price to Earnings (P/E): 663.1
• Beta (1Y): 1.40
• Revenue Growth: 15.25%
• EPS Growth: 79.18%
• Country: US
• Employees: 1,221
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): -0.16
• Shares Outstanding: 71,022,140
• 10 Day Avg. Volume: 1,289,520
• 30 Day Avg. Volume: 1,005,085
• PEG Ratio: -1.43
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 4.99
• P/FCF Ratio: 34.10
• Enterprise Value/Market Cap: 2.35
• Enterprise Value/Revenue: 11.67
• Enterprise Value/Gross Profit: 23.56
• Enterprise Value/Ebitda: 26.41
• 1Y Price Target: $65.69
• Price Target Upside: 10.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

• Rating: 61 Neutral
• Price Target: $62.00 ▲(3.85% Upside)

SL Green Realty's overall score reflects moderate financial performance with profitability challenges, offset by strong earnings call highlights. Technical indicators suggest potential short-term weakness, while valuation is pressured by a negative P/E ratio despite a strong dividend yield.

Positive Factors

Strong Leasing Activity

Strong leasing activity indicates robust demand for SL Green's properties, enhancing revenue stability and showcasing effective property management.

Increased Earnings Guidance

Increased earnings guidance reflects confidence in future performance and potential profitability, signaling a positive outlook for stakeholders.

Strategic Acquisitions

Strategic acquisitions expand SL Green's portfolio, offering growth potential through new developments and reinforcing its market position in Manhattan.

Negative Factors

Profitability Challenges

Ongoing profitability challenges, indicated by negative net income, may hinder long-term financial health and limit reinvestment opportunities.

Occupancy Challenges

Occupancy challenges, such as tenant defaults, can impact revenue consistency and highlight potential risks in tenant management and market demand.

Interest Expense Increase

Rising interest expenses can strain financial resources, reducing cash available for growth initiatives and impacting overall profitability.

SL Green Realty Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

SL Green Realty generates revenue primarily through rental income from its extensive portfolio of office properties. The company leases space to a diverse range of tenants, including large corporations, small businesses, and government entities, which provides a stable and recurring revenue stream. Additionally, SLG earns income from property management fees, development and redevelopment projects, and strategic partnerships that enhance its asset value. The company may also realize gains through the sale of properties or through joint ventures with other real estate firms, contributing to its overall profitability. Key partnerships and a strong position in the Manhattan real estate market further bolster its financial performance.

SL Green Realty Financial Statement Overview

Summary

SL Green Realty shows moderate revenue growth but faces profitability challenges with a negative net income and a moderate debt level. Positive operating cash flow indicates liquidity, but improvements in converting income to cash flow are needed.

Income Statement

The revenue has shown slight growth with a TTM increase of approximately 5.8% from the previous year. However, the company faced challenges with profitability, as indicated by a negative net income in the most recent TTM and EBIT margin of 34.05%. Historical volatility in net income suggests potential risks in maintaining consistent profitability.

Balance Sheet

The debt-to-equity ratio is moderate, indicating a balanced approach towards leveraging. However, the equity ratio of 38.9% suggests a moderate level of reliance on liabilities. The company must manage its liabilities prudently to maintain financial stability.

Cash Flow

The company showed a positive operating cash flow in TTM, although free cash flow was flat compared to the previous period. The cash flow to net income ratios indicate potential areas for improvement in translating profits into cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	938.24M	886.27M	913.71M	826.74M	861.31M	1.05B
Gross Profit	464.64M	431.60M	435.55M	395.65M	495.62M	664.19M
EBITDA	414.38M	409.61M	-206.38M	327.93M	311.92M	839.86M
Net Income	-3.31M	30.65M	-557.30M	-71.63M	457.06M	379.80M
Balance Sheet
Total Assets	11.41B	10.47B	9.53B	12.36B	11.07B	11.71B
Cash, Cash Equivalents and Short-Term Investments	192.43M	207.11M	231.41M	214.51M	286.17M	294.63M
Total Debt	4.78B	4.52B	4.42B	6.51B	4.97B	5.42B
Total Liabilities	6.97B	5.92B	5.27B	7.26B	5.75B	6.21B
Stockholders Equity	3.84B	3.95B	3.79B	4.76B	4.96B	4.91B
Cash Flow
Free Cash Flow	160.98M	129.59M	229.50M	276.09M	255.98M	554.24M
Operating Cash Flow	160.98M	129.59M	229.50M	276.09M	255.98M	554.24M
Investing Cash Flow	-53.81M	118.75M	171.34M	425.81M	993.58M	1.06B
Financing Cash Flow	-88.64M	-252.23M	-449.38M	-654.82M	-1.29B	-1.48B

SL Green Realty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLG, the sentiment is Positive. The current price of 59.7 is below the 20-day moving average (MA) of 60.89, above the 50-day MA of 58.28, and above the 200-day MA of 59.59, indicating a bullish trend. The MACD of 1.29 indicates Positive momentum. The RSI at 52.21 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLG.

SL Green Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUZ	75 Outperform	4.81B	77.52	0.82%	4.47%	13.07%	-4.94%
KRC	69 Neutral	5.22B	24.06	4.08%	4.95%	2.26%	10.15%
HIW	68 Neutral	3.38B	27.10	5.44%	6.39%	-2.16%	-16.41%
DEI	64 Neutral	3.21B	74.35	1.89%	4.80%	-0.57%	―
PGRE	64 Neutral	1.52B	-18.24	-1.47%	―	-1.68%	63.27%
SLG	61 Neutral	$4.66B	663.10	-0.37%	5.03%	15.25%	79.18%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

SL Green Realty Corporate Events

SL Green Realty Extends Chief Legal Officer’s Term

On August 13, 2025, SL Green Realty Corp. announced the extension of Andrew S. Levine’s term as Chief Legal Officer and General Counsel for an additional three years, effective January 1, 2025, through January 1, 2028. The agreement includes a base salary of $600,000 per year, potential bonuses, and time-based awards, with provisions for severance benefits and restrictive covenants in case of termination. This extension reflects the company’s commitment to maintaining stability in its leadership team, which could positively impact its strategic operations and reassure stakeholders of its continued focus on legal and corporate governance.

SL Green Realty Reports Q2 2025 Financial Results

SL Green Realty Corp. reported a net loss of $0.16 per share for the second quarter of 2025, a decline from the $0.04 per share loss in the same period of 2024. Despite the loss, the company recorded funds from operations (FFO) of $1.63 per share, down from $2.05 in 2024, and increased its 2025 earnings guidance due to income from its debt and preferred equity portfolio. The company signed significant office leases in Manhattan and reported a slight decrease in same-store cash net operating income for the quarter. Key investment activities included the repayment of a commercial mortgage investment and the sale of a property, generating substantial proceeds. The company also engaged in strategic acquisitions and sales, impacting its financial positioning and operations.

SL Green Realty Amends CEO Compensation Agreement

On June 24, 2025, SL Green Realty Corp. amended the employment agreement with Marc Holliday to better align his compensation structure with performance metrics and clarify terms related to the property at 1515 Broadway. The amendment also removed formulaic cash payments for changes in control, indicating that a reduction in compensation post-change would be considered ‘good reason’ for contract termination.