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SL Green Realty Corp. logo

SL Green Realty Corp.

SLG-PI

NYSEReal EstateREIT - Office

Open in GoAI

Previous close

$21.34

−$0.01 · -0.05%

Aug 21, 3:59 PM ET

SLG-PI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

71

Undervalued

Momentum

36

Weakening

Sentiment

45

Mixed

Risk resilience

71

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

SL Green Realty Corp., a prominent S&P 500 company and Manhattan's leading office property owner, functions as a fully integrated real estate investment trust (REIT). Its core mission involves the acquisition, expert management, and value enhancement of commercial properties throughout Manhattan. As of December 31, 2020, SL Green oversaw a portfolio encompassing interests in 88 buildings, which collectively amounted to 38.2 million square feet. This impressive total was composed of 28.6 million square feet of directly owned Manhattan real estate, alongside an additional 8.7 million square feet that served as collateral for various debt and preferred equity investments.

Industry
REIT - Office
Sector
Real Estate
Headquarters
US
CEO
Marc Holliday
Listed since
Aug 9, 2012
Employees
1,289

Market position

Day range

Current $21.34

52-week range

Current $21.34

Open
$21.29
Previous close
$21.35
Volume
5.09K
0.46× average
Average volume
11.08K
Average daily volume
Market cap
3.9B USD
Beta
1.59
Market reference 1
50-day average
$21.3806
-0.19% below average
200-day average
$21.4569
-0.54% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.04B USD
P/E (TTM)
-22.44×
P/B (TTM)
1.27×
P/S (TTM)
3.94×
EV / EBITDA
26.66×
Earnings yield
-2.59%
Free cash flow yield
2.43%
Dividend yield
4.39%

Profitability & efficiency

Gross margin
51.12%
Operating margin
40.90%
Net margin
-16.65%
Return on equity
-2.28%
Return on assets
-0.80%
Return on invested capital
1.39%

Financial health

Debt / equity
1.51×
Current ratio
1.03×
Altman Z-score
0.22
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends69%20%-28%-77%Gross margin, FY2021: 54.62%Gross margin, FY2022: 50.27%Gross margin, FY2023: 44.81%Gross margin, FY2024: 35.75%Gross margin, FY2025: 34.08%Operating margin, FY2021: 42.85%Operating margin, FY2022: 39.38%Operating margin, FY2023: 31.50%Operating margin, FY2024: 23.70%Operating margin, FY2025: 15.35%Net margin, FY2021: 56.71%Net margin, FY2022: -8.31%Net margin, FY2023: -64.92%Net margin, FY2024: 4.34%Net margin, FY2025: -8.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.62%. Gross margin FY2022 50.27%. Gross margin FY2023 44.81%. Gross margin FY2024 35.75%. Gross margin FY2025 34.08%. Operating margin FY2021 42.85%. Operating margin FY2022 39.38%. Operating margin FY2023 31.50%. Operating margin FY2024 23.70%. Operating margin FY2025 15.35%. Net margin FY2021 56.71%. Net margin FY2022 -8.31%. Net margin FY2023 -64.92%. Net margin FY2024 4.34%. Net margin FY2025 -8.80%.

Income trends

Revenue

1B USD+41.96%

Operating income

154.01M USD-8.02%

Net income

−88.28M USD−118.93M USD
Income trends across reported periods1.16B USD539.08M USD−79.55M USD−698.18M USDRevenue, FY2021: 805.91M USDRevenue, FY2022: 861.5M USDRevenue, FY2023: 837.2M USDRevenue, FY2024: 706.58M USDRevenue, FY2025: 1B USDOperating income, FY2021: 345.3M USDOperating income, FY2022: 339.26M USDOperating income, FY2023: 263.75M USDOperating income, FY2024: 167.44M USDOperating income, FY2025: 154.01M USDNet income, FY2021: 457.06M USDNet income, FY2022: −71.63M USDNet income, FY2023: −543.52M USDNet income, FY2024: 30.65M USDNet income, FY2025: −88.28M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 805.91M USD. Revenue FY2022 861.5M USD. Revenue FY2023 837.2M USD. Revenue FY2024 706.58M USD. Revenue FY2025 1B USD. Operating income FY2021 345.3M USD. Operating income FY2022 339.26M USD. Operating income FY2023 263.75M USD. Operating income FY2024 167.44M USD. Operating income FY2025 154.01M USD. Net income FY2021 457.06M USD. Net income FY2022 −71.63M USD. Net income FY2023 −543.52M USD. Net income FY2024 30.65M USD. Net income FY2025 −88.28M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1B USD706.58M USD837.2M USD861.5M USD805.91M USD
Cost of goods sold661.26M USD453.95M USD462.07M USD428.44M USD365.69M USD
Gross profit341.79M USD252.63M USD375.14M USD433.06M USD440.22M USD
Selling, general, and administrative187.78M USD85.19M USD111.39M USD93.8M USD94.91M USD
Operating expenses187.78M USD85.19M USD111.39M USD93.8M USD94.91M USD
Interest income92.11M USD−3.15M USD—−7.82M USD−10.04M USD
Interest expense255.4M USD165.32M USD144.95M USD89.47M USD72.28M USD
Depreciation and amortization255.71M USD210.02M USD233.59M USD210.45M USD212.81M USD
Operating income154.01M USD167.44M USD263.75M USD339.26M USD345.3M USD
Net income−88.28M USD30.65M USD−543.52M USD−71.63M USD457.06M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-19.58%
11 comparable reports
Latest EPS result
-0.38
Estimate -0.59 · Beat by 35.22%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.5-0.26-1.02-1.77Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 0.13, estimate -0.267, surprise +148.75%, Beat. Q2 2025, reported Apr 16, 2025: actual -0.3, estimate -0.447, surprise +32.82%, Beat. Q3 2025, reported Jul 16, 2025: actual -0.16, estimate -0.173, surprise +7.29%, Beat. Q4 2025, reported Oct 15, 2025: actual 0.34, estimate -0.404, surprise +184.13%, Beat. Q1 2026, reported Jan 28, 2026: actual -1.49, estimate -0.67, surprise -122.27%, Miss. Q2 2026, reported Apr 15, 2026: actual -1.2, estimate -0.756, surprise -58.78%, Miss. Q3 2026, reported Jul 22, 2026: actual -0.38, estimate -0.587, surprise +35.22%, Beat. Q4 2026, reported Oct 21, 2026: actual —, estimate -1.62, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates186.17M168.26M150.36M132.45MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 139.61M USD, estimate 147.36M USD, surprise -5.25%, Miss. Q2 2025, reported Apr 16, 2025: actual 144.52M USD, estimate 146.9M USD, surprise -1.62%, Miss. Q3 2025, reported Jul 16, 2025: actual 147.54M USD, estimate 152.93M USD, surprise -3.53%, Miss. Q4 2025, reported Oct 15, 2025: actual 149.67M USD, estimate 156.08M USD, surprise -4.11%, Miss. Q1 2026, reported Jan 28, 2026: actual 159.82M USD, estimate 149.69M USD, surprise +6.76%, Beat. Q2 2026, reported Apr 15, 2026: actual 166M USD, estimate 165.3M USD, surprise +0.42%, Beat. Q3 2026, reported Jul 22, 2026: actual 171.85M USD, estimate 179.01M USD, surprise -4.00%, Miss. Q4 2026, reported Oct 21, 2026: actual —, estimate 173.36M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$50.08

134.68% upside
Past 12 months12-month forecastHigh $79.00Average $50.08Low $34.00

Rating distribution

15 ratings
Strong buy00%
Buy320%
Hold853%
Sell427%
Strong sell00%

Recent analyst actions

1 institution

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.625

2025 complete year0.0% since 2021

2026 partial: $0.8125

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

$0.4063

Quarterly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.4063

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.4063

Quarterly

Record Dec 31, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.4063

Quarterly

Record Sep 30, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.4063

Quarterly

Record Jun 30, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Mar 31, 2025

$0.4063

Quarterly

Record Mar 31, 2025 · Payment Apr 15, 2025

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ETFs holding SLG-PI

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
12.14M
Weight
0.09%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Virtus InfraCap U.S. Preferred Stock ETF logoVirtus InfraCap U.S. Preferred Stock ETFPFFA
Market value
8.82M
Weight
0.35%
AUM
2.5B USD
Expense ratio
2.11%
Price / 1D
$20.890.00%
Invesco Preferred ETF logoInvesco Preferred ETFPGX
Market value
7.11M
Weight
0.19%
AUM
3.76B USD
Expense ratio
0.50%
Price / 1D
$10.60-0.28%
InfraCap REIT Preferred ETF logoInfraCap REIT Preferred ETFPFFR
Market value
2.33M
Weight
1.94%
AUM
120.22M USD
Expense ratio
0.45%
Price / 1D
$17.42-0.46%
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF logoGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFGPRF
Market value
86.19K
Weight
0.06%
AUM
145.77M USD
Expense ratio
0.45%
Price / 1D
$49.345+0.03%
VIRTUS INFRACAP PREFERRED AND INCOME SECURITIES ETF logoVIRTUS INFRACAP PREFERRED AND INCOME SECURITIES ETFVPFF
Market value
17.85K
Weight
1.43%
AUM
1.25M USD
Expense ratio
0.80%
Price / 1D
$25.1112+0.50%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
17.11K
Weight
0.01%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%

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