SL Green Realty Corp. (SLG) AI Stock Analysis

SL Green Realty Corp., a member of the S&P 500 index and the largest office landlord in Manhattan, operates as a fully integrated Real Estate Investment Trust (REIT). The company focuses on the strategic acquisition, management, and value optimization of prime commercial properties throughout Manhattan. As of December 31, 2020, its portfolio included 88 buildings spanning 38.2 million square feet, featuring direct ownership stakes in 28.6 million square feet of Manhattan office space along with investments securing 8.7 million square feet in debt and preferred equity.

SL Green Realty Corp. posted FY2025 revenue of $1.00B, up 42.0% after a 15.6% decline in FY2024 to $706.6M. However, its 5-year revenue CAGR from FY2020 to FY2025 was -0.5%. Operating margin declined across the five reported fiscal years, falling from 42.8% in FY2021 to 15.4% in FY2025, while gross margin compressed from 54.6% to 34.1%. Net income shifted from $457.1M in FY2021 to -$88.3M in FY2025. Over the trailing twelve months, revenue reached $998.0M with an operating margin of 18.8% and EPS of -$2.73. In the latest quarter ended June 30, 2026, quarterly revenue grew 27.3% year-over-year, while quarterly earnings growth dropped 98.2%.

As of June 30, 2026, SL Green Realty Corp. held $202.1M in cash and short-term investments and $5.17B in total debt, resulting in net debt of $4.96B. Total assets stood at $11.81B against shareholders' equity of $3.42B, producing a debt-to-equity ratio of 1.51 and a current ratio of 1.68. Free cash flow decreased to $82.9M in FY2025 from $256.0M in FY2021. For capital allocation in FY2025, the company deployed $527.3M toward capital expenditures, paid $264.0M in dividends, and executed $1.1M in share buybacks.

SL Green Realty Corp. trades at a forward P/E of 67.1x, higher than the 23.5x median of its US-listed Real Estate peers. Its EV/EBITDA of 23.4x is also above the peer median of 14.7x, while its price-to-sales of 3.6x is near the peer group median of 3.7x. The company has an enterprise value of $8.83B and a market cap of $3.61B. Over the past year, the stock returned -8.0% compared to a 16.8% return for the S&P 500 (SPY). Over five years, the stock generated a -12.2% return against an 83.0% return for the benchmark.

SL Green Realty Corp. pays a quarterly dividend with an annualized forward payout of $2.47 per share, yielding 5.26% as of October 16, 2026. The company has paid dividends for 30 consecutive years, though its 5-year annualized dividend growth is -10.5%. The last ex-dividend date was September 30, 2026.

Wall Street coverage includes 4 Strong Buy, 3 Buy, 9 Hold, and 1 Strong Sell ratings. The mean price target is $57.21, representing 21.7% upside over the last close of $47.00. Consensus estimates call for current fiscal year EPS of -$1.62 on revenue of $709.1M, followed by next fiscal year EPS of -$0.76 on revenue of $657.5M. The company beat EPS estimates in 2 of the last 4 quarters, with its next earnings date scheduled for October 21, 2026.

This page is an AI-written research summary of SL Green Realty Corp. (SLG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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