SL Green Realty Corp. (SLG)

NYSE: SLG · IEX Real-Time Price · USD
41.83
-2.14 (-4.87%)
At close: Feb 3, 2023, 4:00 PM
42.15
+0.32 (0.77%)
After-hours: Feb 3, 2023, 7:59 PM EST
-4.87%
Market Cap 2.69B
Revenue (ttm) 796.45M
Net Income (ttm) -80.02M
Shares Out 64.32M
EPS (ttm) -1.24
PE Ratio n/a
Forward PE 9.56
Dividend $3.69 (8.82%)
Ex-Dividend Date Dec 29, 2022
Volume 1,333,497
Open 43.08
Previous Close 43.97
Day's Range 41.70 - 43.42
52-Week Range 32.15 - 83.96
Beta 1.42
Analysts Hold
Price Target 41.82 (-0.02%)
Earnings Date Jan 26, 2023

About SLG

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. [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Aug 15, 1997
Employees 931
Stock Exchange NYSE
Ticker Symbol SLG
Full Company Profile

Financial Performance

In 2021, SLG's revenue was $843.99 million, a decrease of -19.83% compared to the previous year's $1.05 billion. Earnings were $434.80 million, an increase of 22.10%.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for SLG stock is "Hold." The 12-month stock price forecast is $41.82, which is a decrease of -0.02% from the latest price.

Price Target
$41.82
(-0.02% downside)
Analyst Consensus: Hold
Stock Forecasts

News

SL Green (SLG) Starts 2023 With Leases Covering 343K Sq. Ft

Despite a choppy environment in the office real estate market, the latest signings reflect the decent demand for SL Green's (SLG) high-quality properties.

1 week ago - Zacks Investment Research

SL Green's (SLG) Q4 FFO and Revenues Fall Shy of Estimates

SL Green's (SLG) Q4 earnings miss estimates on lower-than-anticipated revenues and a fall in occupancy. However, same-store cash net operating income improves year over year.

1 week ago - Zacks Investment Research

SL Green (SLG) Misses Q4 FFO Estimates

SL Green (SLG) delivered FFO and revenue surprises of -1.35% and 29.94%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

SL Green Signs Leases Totaling 343,000 Square Feet to Kick Off 2023

Full Floor Penthouse Leased at One Madison Avenue

1 week ago - GlobeNewsWire

SL Green Realty Corp. Announces Common Stock Dividend

NEW YORK, Jan. 19, 2023 (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 weeks ago - GlobeNewsWire

Cramer goes over two industries whose stocks have been hammered by the Covid pandemic

Cramer gave his take on which industries have seen their stocks get hammered, with little sign of recovery, after the U.S. reopened its economy for the first time since the onset of the Covid pandemic...

Other symbols: AMCBXPCNKVNO
2 weeks ago - CNBC Television

Final Trades: Abbott Labs, SL Green, Zoetis & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: ABTZTSJPM
3 weeks ago - CNBC Television

Is it Wise to Retain SL Green (SLG) Stock in Your Portfolio?

Improving office real-estate market, capital-recycling moves and a robust balance sheet bode well for SL Green's (SLG) growth. However, stiff competition and rising interest rates are worrisome.

1 month ago - Zacks Investment Research

SL Green Realty Corp. to Release Fourth Quarter 2022 Financial Results After Market Close on January 25, 2023

Conference Call to Be Held on January 26, 2023 at 2:00pm ET Conference Call to Be Held on January 26, 2023 at 2:00pm ET

1 month ago - GlobeNewsWire

Office space REITs concentrated in major markets will see big losses, says Don Peebles

Don Peebles, The Peebles Corp. chairman and CEO, joins 'The Exchange' to discuss what investors should be watching out for in office REITs.

Other symbols: AREBXPSTWD
1 month ago - CNBC Television

SL Green Celebrates the Topping Out of One Madison Avenue in Midtown South

One Madison Avenue, the 27 story, 1.4-million-square-foot office building located adjacent to Madison Square park, will feature unprecedented retail, wellness and hospitality-focused amenities complet...

1 month ago - GlobeNewsWire

SL Green (SLG) Cuts Annual Dividend Rate to Meet 2023 Targets

SL Green (SLG) cuts its annual ordinary dividend payment by 12.9% to $3.25 per share to match its estimation of funds available for distribution for 2023. It also issues 2023 FFO per share guidance.

2 months ago - Zacks Investment Research

SL Green (SLG) Unveils Culinary Offerings at One Madison Avenue

SL Green (SLG) introduces a European petit marche, two new French culinary destinations and a Parisian grand cafe at One Madison Avenue in association with Michelin-starred Chef Daniel Boulud.

2 months ago - Zacks Investment Research

SL Green Realty Corp. Announces Ordinary Dividend

Annual Ordinary Dividend Reduced to $3.25 Per Share Annual Ordinary Dividend Reduced to $3.25 Per Share

2 months ago - GlobeNewsWire

SL Green and Chef Daniel Boulud Announce New Culinary Destinations at One Madison Avenue

Boulud to introduce European petit marché and upscale French steakhouse on ground floor of new Midtown South tower, operate tenant lounge and rooftop event space as part of unprecedented amenity packa...

2 months ago - GlobeNewsWire

Roc Nation Joins SL Green and Caesars Entertainment as Partner in Times Square Gaming Bid to Revitalize The World's Top Tourism Destination

Caesars Palace Times Square will generate 7 million new visits to Times Square, bring New Yorkers and tourists back and drive billions in economic benefit to Broadway and local businesses Caesars Pala...

2 months ago - GlobeNewsWire

20 dividend stocks with high yields that have become more attractive right now

Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow i...

2 months ago - Market Watch

This Stock Has A 9.83% Yield And Sells For Less Than Book

SL Green Realty has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report.

3 months ago - Forbes

Watch These 4 Stocks That Recently Announced Dividend Hikes

Prosperity Bancshares, Inc. (PB), Brown & Brown, Inc. (BRO), SL Green Realty Corp. (SLG) and S&T Bancorp, Inc. (STBA) recently hiked dividends.

Other symbols: BROPBSTBA
3 months ago - Zacks Investment Research

SL Green and Caesars push NYC Times Square casino

SL Green Realty Corp. and Caesars Entertainment said Thursday they are pursuing a gaming license for a casino in New York City's iconic Times Square.

Other symbols: CZR
3 months ago - Fox Business

Caesars and developer SL Green pitch Times Square casino plan

Caesars Entertainment and developer SL Green have announced a joint bid for a casino located in New York's Times Square.

Other symbols: CZR
3 months ago - CNBC

SL Green (SLG) Surpasses FFO & Revenues Estimates in Q3

SL Green (SLG) reports better-than-anticipated third-quarter 2022 results and witnesses decent leasing activity. However, same-store cash NOI takes a dip year over year.

3 months ago - Zacks Investment Research

SL Green and Caesars Entertainment Announce Pursuit of New York Gaming License for World-Famous Times Square

Partnership will make significant investments in security, traffic, and mass transit improvements, accelerate economic recovery for surrounding businesses and create good-paying union jobs for New Yor...

3 months ago - GlobeNewsWire

SL Green and Caesars Entertainment Announce Pursuit of New York Gaming License for World-Famous Times Square

Partnership will make significant investments in security, traffic, and mass transit improvements, accelerate economic recovery for surrounding businesses and create good-paying union jobs for New Yor...

Other symbols: CZR
3 months ago - PRNewsWire