SL Green Realty (SLG)
(Delayed Data from NYSE)
$61.41 USD
-1.37 (-2.18%)
Updated Jul 24, 2024 04:00 PM ET
After-Market: $61.51 +0.10 (0.16%) 7:58 PM ET
3-Hold of 5 3
D Value D Growth A Momentum D VGM
Company Summary
SL Green Realty Corp. dominates the office real estate market of New York. The real estate investment trust (REIT) was founded in 1997 and primarily acquires, manages, develops and leases commercial (mainly office) and residential real estate properties in the New York Metropolitan area, especially midtown Manhattan. Its investments located outside of Manhattan are known as suburban properties.
The company has two reportable segments — real estate and debt and preferred equity (DPE) investments.
As of Mar 31, 2024, SL Green had interests in 57 buildings, totaling 32.4 million square feet. This comprised ownership interests in Manhattan ...
Company Summary
SL Green Realty Corp. dominates the office real estate market of New York. The real estate investment trust (REIT) was founded in 1997 and primarily acquires, manages, develops and leases commercial (mainly office) and residential real estate properties in the New York Metropolitan area, especially midtown Manhattan. Its investments located outside of Manhattan are known as suburban properties.
The company has two reportable segments — real estate and debt and preferred equity (DPE) investments.
As of Mar 31, 2024, SL Green had interests in 57 buildings, totaling 32.4 million square feet. This comprised ownership interests in Manhattan properties, spanning 28.7 million square feet and 2.8 million square feet secured DPE investments.
For its Manhattan portfolio, SL Green signed 60 office leases for its Manhattan office portfolio, comprising 633,660 square feet, during the first quarter of 2024. The company signed 160 office leases, encompassing 1,776,414 square feet of space in 2023. The mark-to-market on signed Manhattan office leases was 0.8% in 2023, higher than the previous fully escalated rents on the same spaces. As of Mar 31, 2024, its Manhattan same-store office occupancy, including 455,472 square feet of leases signed but not yet commenced, was 89.2%.
In January 2024, SL Green closed on the sale of retail condominium, along with its partner, at 717 Fifth Avenue for $963.0 million. The transaction generated net proceeds of $27 million, which was used for corporate debt repayment.
In December 2023, SL Green announced that it entered into a contract, along with its partner, to sell the fee ownership interest in 625 Madison Avenue to a global real estate investor for gross sales price of $634.6 million or $1,123 per square foot. Such efforts not only provide substantial liquidity to SL Green but also reaffirm the appeal of the NYC real estate market to global investors.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
SL Green Realty Corporation
One Vanderbilt Avenue
NewYork, NY 10017
Phone: 212-594-2700
Fax: 212-216-1790
Email: investor.relations@slgreen.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/16/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.38 |
Current Year EPS Consensus Estimate | 7.55 |
Estimated Long-Term EPS Growth Rate | 4.10 |
Exp Earnings Date | 10/16/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 62.78 |
52 Week High | 66.54 |
52 Week Low | 28.55 |
Beta | 1.83 |
20 Day Moving Average | 838,557.12 |
Target Price Consensus | 48.29 |
4 Week | 12.75 |
12 Week | 25.99 |
YTD | 38.99 |
4 Week | 11.00 |
12 Week | 14.19 |
YTD | 19.33 |
Shares Outstanding (millions) | 65.86 |
Market Capitalization (millions) | 4,134.62 |
Short Ratio | NA |
Last Split Date | 1/21/2021 |
Dividend Yield | 4.78% |
Annual Dividend | $3.00 |
Payout Ratio | 0.42 |
Change in Payout Ratio | -0.10 |
Last Dividend Payout / Amount | 6/28/2024 / $0.75 |
Fundamental Ratios
P/E (F1) | 8.31 |
Trailing 12 Months | 8.83 |
PEG Ratio | 2.01 |
vs. Previous Year | 43.36% |
vs. Previous Quarter | -33.22% |
vs. Previous Year | 0.79% |
vs. Previous Quarter | 18.60% |
Price/Book | 1.09 |
Price/Cash Flow | NA |
Price / Sales | 5.20 |
6/30/24 | -3.92 |
3/31/24 | -12.75 |
12/31/23 | -13.46 |
6/30/24 | -1.60 |
3/31/24 | -5.24 |
12/31/23 | -5.43 |
6/30/24 | 2.59 |
3/31/24 | 2.96 |
12/31/23 | 2.23 |
6/30/24 | NA |
3/31/24 | 2.96 |
12/31/23 | 2.23 |
6/30/24 | -19.31 |
3/31/24 | -64.45 |
12/31/23 | -68.05 |
6/30/24 | -19.31 |
3/31/24 | -64.45 |
12/31/23 | -68.05 |
6/30/24 | -13.19 |
3/31/24 | -58.22 |
12/31/23 | -53.68 |
6/30/24 | 57.72 |
3/31/24 | 58.52 |
12/31/23 | 59.82 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.99 |
3/31/24 | 1.01 |
12/31/23 | 0.93 |
6/30/24 | 47.20 |
3/31/24 | 47.84 |
12/31/23 | 45.77 |