SLG Stock - SL Green Realty Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $706.58M | $837.20M | $861.50M | $805.91M | $1.03B |
| Gross Profit | $252.63M | $375.13M | $433.06M | $440.22M | $603.69M |
| Gross Margin | 35.8% | 44.8% | 50.3% | 54.6% | 58.8% |
| Operating Income | $167.44M | $263.75M | $339.26M | $345.30M | $511.87M |
| Net Income | $30.65M | $-543,524,000 | $-71,631,000 | $457.06M | $379.80M |
| Net Margin | 4.3% | -64.9% | -8.3% | 56.7% | 37.0% |
| EPS | $0.01 | $-9.53 | $-1.98 | $6.57 | $5.03 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 13th 2025 | Ladenburg Thalmann | Initiation | Neutral | $63 |
| October 13th 2025 | Jefferies | Upgrade | Buy | $62 |
| September 12th 2025 | Citigroup | Upgrade | Buy | $70 |
| July 25th 2025 | Scotiabank | Upgrade | Sector Outperform | $71 |
| March 17th 2025 | Jefferies | Initiation | Hold | $58 |
| March 17th 2025 | Evercore ISI | Upgrade | Outperform | $73← $74 |
| December 10th 2024 | JP Morgan | Upgrade | Neutral | $80← $51 |
| September 18th 2024 | Compass Point | Upgrade | Neutral | $60← $35 |
| September 16th 2024 | Evercore ISI | Upgrade | In-line | $66← $55 |
| September 13th 2024 | Citigroup | Upgrade | Neutral | $66← $44 |
| July 9th 2024 | Scotiabank | Upgrade | Sector Perform | $53← $43 |
| April 18th 2024 | BMO Capital Markets | Upgrade | Outperform | $58← $56 |
| March 27th 2024 | Barclays | Upgrade | Equal Weight | $48← $35 |
| March 18th 2024 | Evercore ISI | Downgrade | Underperform | $44 |
| January 30th 2024 | Deutsche Bank | Initiation | Hold | $50 |
Earnings History & Surprises
SLGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 14, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $1.21 | — | — | — |
Q4 2025 | Oct 15, 2025 | $1.34 | $1.58 | +17.9% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $1.37 | $1.63 | +19.0% | ✓ BEAT |
Q2 2025 | Apr 16, 2025 | $1.27 | $1.40 | +10.2% | ✓ BEAT |
Q1 2025 | Jan 22, 2025 | $-0.45 | $1.45 | +422.2% | ✓ BEAT |
Q4 2024 | Oct 16, 2024 | $1.21 | $1.13 | -6.6% | ✗ MISS |
Q3 2024 | Jul 17, 2024 | $1.62 | $2.05 | +26.5% | ✓ BEAT |
Q2 2024 | Apr 17, 2024 | $2.32 | $3.07 | +32.3% | ✓ BEAT |
Q1 2024 | Jan 24, 2024 | $0.88 | $0.72 | -18.2% | ✗ MISS |
Q4 2023 | Oct 18, 2023 | $1.28 | $1.27 | -0.8% | ✗ MISS |
Q3 2023 | Jul 19, 2023 | $1.33 | $1.43 | +7.5% | ✓ BEAT |
Q2 2023 | Apr 19, 2023 | $1.42 | $1.53 | +7.7% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $1.48 | $1.46 | -1.4% | ✗ MISS |
Q4 2022 | Oct 19, 2022 | $1.64 | $1.66 | +1.2% | ✓ BEAT |
Q3 2022 | Jul 20, 2022 | $1.69 | $1.87 | +10.7% | ✓ BEAT |
Q2 2022 | Apr 20, 2022 | $1.64 | $1.65 | +0.6% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $1.57 | $1.52 | -3.2% | ✗ MISS |
Q4 2021 | Oct 20, 2021 | $1.63 | $1.83 | +12.3% | ✓ BEAT |
Q3 2021 | Jul 21, 2021 | $0.02 | $1.56 | +8959.2% | ✓ BEAT |
Latest News
Ladenburg Thalmann Maintains Neutral on SL Green Realty, Lowers Price Target to $50
➖ NeutralMizuho Maintains Neutral on SL Green Realty, Lowers Price Target to $47
➖ NeutralShares of REITs are trading higher after the Fed cut rates, which could drive a rotation into dividend-paying sectors.
📈 PositiveDeutsche Bank Maintains Hold on SL Green Realty, Lowers Price Target to $46
➖ NeutralTruist Securities Maintains Hold on SL Green Realty, Lowers Price Target to $47
➖ NeutralEvercore ISI Group Maintains Outperform on SL Green Realty, Lowers Price Target to $54
➖ NeutralBMO Capital Maintains Outperform on SL Green Realty, Lowers Price Target to $60
➖ NeutralSL Green stock dips after 2026 earnings guidance, dividend frequency change; other REITs down
📉 NegativeSL Green Realty Corp. Shares Resume Trade
➖ NeutralSL Green Projects FY26 EPS Of $(0.27) To $0.03 And Nareit FFO Of $4.40–$4.70 At Annual Investor Conference
➖ NeutralSL Green Realty Corp Shares Halted, News Pending
📉 NegativeSL Green Signs 2.3M Sq. Ft. of Manhattan Office Leases in 2025, Nearing 93% Occupancy Target
📈 PositiveSL Green Realty Closes SLG Opportunistic Debt Fund With Total Capital Commitments Of More Than $1.3B
📈 PositiveSL Green Acquires Partners' 39.48% Stake In 800 Third Ave For $5.1M, Extends $177M Mortgage To Gain Full Ownership
📈 PositivePiper Sandler Maintains Overweight on SL Green Realty, Lowers Price Target to $62
➖ NeutralWells Fargo Maintains Equal-Weight on SL Green Realty, Lowers Price Target to $54
➖ NeutralScotiabank Maintains Sector Outperform on SL Green Realty, Lowers Price Target to $66
➖ NeutralTruist Securities Maintains Hold on SL Green Realty, Lowers Price Target to $54
➖ NeutralEvercore ISI Group Maintains Outperform on SL Green Realty, Lowers Price Target to $63
➖ NeutralB of A Securities Maintains Neutral on SL Green Realty, Lowers Price Target to $61
➖ NeutralFrequently Asked Questions about SLG
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