SL Green Realty Corp. (SLG)

NYSE: SLG · Real-Time Price · USD
77.73
+0.13 (0.17%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.17%
Market Cap 5.10B
Revenue (ttm) 920.14M
Net Income (ttm) -146.87M
Shares Out 65.62M
EPS (ttm) -2.67
PE Ratio n/a
Forward PE n/a
Dividend $3.00 (3.86%)
Ex-Dividend Date Oct 31, 2024
Volume 261,640
Open 76.94
Previous Close 77.60
Day's Range 76.69 - 78.38
52-Week Range 32.78 - 82.81
Beta 1.80
Analysts Hold
Price Target 65.21 (-16.11%)
Earnings Date Oct 16, 2024

About SLG

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 value of Manhattan commercial properties. As of June 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Aug 15, 1997
Employees 1,188
Stock Exchange NYSE
Ticker Symbol SLG
Full Company Profile

Financial Performance

In 2023, SL Green Realty's revenue was $837.20 million, a decrease of -2.82% compared to the previous year's $861.50 million. Losses were -$568.38 million, 496.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for SLG stock is "Hold." The 12-month stock price forecast is $65.21, which is a decrease of -16.11% from the latest price.

Price Target
$65.21
(-16.11% downside)
Analyst Consensus: Hold
Stock Forecasts

News

SL Green Extends Loan on 1515 Broadway

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has closed on a modification and extension of the $742.8 mil...

22 hours ago - GlobeNewsWire

SL Green Realty Corp. Announces Common Stock Dividend

NEW YORK, Nov. 18, 2024 (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 ...

2 days ago - GlobeNewsWire

The Dark Side Of REIT Investments

Not everything is perfect in REIT world. On the contrary, this is a sector in which you need to be very selective. Here are 5 types of REITs to avoid at all cost:

Other symbols: ADCBXBXPGNLGOODKREFVNQ
11 days ago - Seeking Alpha

Top 2 Real Estate Stocks You May Want To Dump This Quarter

As of Oct. 31, 2024, two stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: DLR
20 days ago - Benzinga

SL Green Inks 72,500 Square-Foot Lease With Verition Group at 245 Park Avenue

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed a 72,515 square foot, 10-year lease with leading ...

23 days ago - GlobeNewsWire

SL Green Preferreds: Warranted Improvement In Sentiment, But Low Risk Premium

Manhattan is doing better now, with a bottom found in the market for leases. Redeveloping obsolete properties, potentially converting some to residential, could significantly improve income in our ros...

24 days ago - Seeking Alpha

Dividend Harvesting Portfolio Week 190: $19,000 Allocated, $1,792.47 In Projected Dividends

Despite expectations of market volatility, indices remain stable and near all-time highs, driven by anticipated Fed rate cuts and potential AI efficiencies. The Dividend Harvesting Portfolio has shown...

Other symbols: ARCCENBMONEPOHISTWDVZ
27 days ago - Seeking Alpha

SL Green: Break Time As Part Of A Fantastic Year

SL Green is on track to lease over 3 million sq ft. Occupancy is expected to climb to 92.5% by the end of the fiscal year. The stock has more growth potential due to successful building modernizations...

4 weeks ago - Seeking Alpha

SL Green Realty Corp. (SLG) Q3 2024 Earnings Call Transcript

SL Green Realty Corp. (NYSE:SLG) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Finan...

4 weeks ago - Seeking Alpha

SL Green: Solid Q3 Results Reduce Melting Ice Cube Fears (Rating Upgrade)

SL Green Realty's Q3 results were solid with strong leasing activity and cost control, but the stock's valuation now reflects these improvements. Despite initial fears, office occupancy has been bette...

4 weeks ago - Seeking Alpha

SL Green Realty Corp. Reports Third Quarter 2024 EPS of ($0.21) Per Share; and FFO of $1.13 Per Share

Financial and Operating Highlights Net loss attributable to common stockholders of $0.21 per share for the third quarter of 2024 as compared to net loss of $0.38 per share for the same period in 2023 ...

5 weeks ago - GlobeNewsWire

SL Green Signs 925,000 Square Foot Renewal and Expansion Lease With Bloomberg, L.P. at 919 Third Avenue

Company Expects Office Leasing to Exceed 3.3 Million Square Feet in 2024 Company Expects Office Leasing to Exceed 3.3 Million Square Feet in 2024

5 weeks ago - GlobeNewsWire

Important Trends For REIT Investors

REIT investors must pay close attention to real estate trends. The office sector remains a mess and likely will for a long time to come. Multifamily is suffering temporarily, but 2025 could be a lot b...

Other symbols: AVBBXPCPTCUZEGPFRMAA
5 weeks ago - Seeking Alpha

Raise Cash And Sell Trash

As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessio...

2 months ago - Seeking Alpha

SL Green: Upside Now Relies On Sustained Execution (Rating Downgrade)

SLG has reach my estimated intrinsic value of between $70-$80 a share. Having returned to a normal valuation, the company needs a concrete plan to reverse years-long revenue and FFO declines. I can se...

2 months ago - Seeking Alpha

Dividend Harvesting Portfolio Week 185: $18,500 Allocated, $1,726.55 In Projected Dividends

The Dividend Harvesting Portfolio rebounded sharply, achieving a 23.32% ROI and generating $1,726.55 in forward dividend income, benefiting from anticipated rate cuts. Added to positions in Ford, Brit...

Other symbols: AIPICTOENBKMIMOOQQQI
2 months ago - Seeking Alpha

SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends

NEW YORK, Sept. 19, 2024 (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...

2 months ago - GlobeNewsWire

Metals, Energy, Crypto: Stocks & ETFs to Watch

Gold (/GC) reached another new all-time high, Tesla (TSLA) continues to drive forward in the Mag 7, and Bitcoin (/BTC) marches toward the 60k level. Mish Schneider with MarketGauge.com talks about her...

Other symbols: BLOKNVOSSYS
2 months ago - Schwab Network

SL Green Realty Corp. to Release Third Quarter 2024 Financial Results After Market Close on October 16, 2024

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the third quarter of 2024 on ...

2 months ago - GlobeNewsWire

SL Green Realty Corp. to Present at the BofA Securities 2024 Global Real Estate Conference on September 11, 2024

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest office landlord, today announced that Matt DiLiberto, Chief Financial Officer, Harrison Sitomer, ...

3 months ago - GlobeNewsWire

Trade Tracker: Jenny Harrington sells SL Green

Jenny Harrington, CEO Gilman Hill Asset Management, joins CNBC's "Halftime Report" to explain why she sold SL Green.

3 months ago - CNBC Television

8% Yielding REIT Preferred Shares

Many REIT preferred shares remain heavily discounted. 8% yield and 20% upside potential is hard to pass by. Here are two of my favorite picks.

Other symbols: KKRVNO
3 months ago - Seeking Alpha

SL Green Extends Mortgage on 220 East 42nd Street

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that, together with its joint venture partner, it has closed on a mo...

4 months ago - GlobeNewsWire

Boom Times At SL Green

SL Green's office business is booming while the rest of the industry struggles. Second quarter accomplishments include leasing over 66,000 retail square feet and announcing sales totaling $691 million...

4 months ago - Seeking Alpha

Four Stocks Set to Soar After the Latest Inflation Numbers

This week I want to take a comprehensive look at the current market landscape and some exciting investment opportunities, particularly in real estate and banking sectors.

Other symbols: AGNCMTBANLYVNO
4 months ago - Benzinga