Symbol: SLG
CIK: 1040971
Exchange: NYSE
Founded: 1997 (23 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office
See SLG on Google Finance
See SLG on Yahoo Finance
See SLG on SEC.gov
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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More
| Properties | Types | States | Countries |
|---|---|---|---|
| 111 | 2 | 2 | 1 |
Please visit REIT’s official webpage for the most up-to-date property list.
Sample of REIT’s Properties. Image Source - REIT’s website
Below are the most recent cash dividends paid by SLG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
Login to see Dividend History |
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See Annual Balance Sheet | See Quarterly Balance Sheet
See Annual Income Statement | See Quarterly Income Statement
See Annual Cash Flow | See Quarterly Cash Flow
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing, and maximizing the value of Manhattan commercial properties. Our core business is the ownership of high-quality commercial properties, and our primary business objective is to maximize the total return to stockholders, through strategically acquiring, redeveloping, and repositioning office properties primarily located in Manhattan, and re-leasing and managing these properties for maximum cash flow. The commercial real estate expertise resulting from owning, operating, investing, and lending in Manhattan for over 34 years has enabled us to invest in a collection of premier office and retail properties, selected multifamily residential assets, and high-quality debt and preferred equity investments. As of March 31, 2018, SL Green held interests in 118 Manhattan buildings totaling 49.9 million square feet. This included ownership interests in 28.7 million square feet of Manhattan buildings and debt and preferred equity investments secured by 21.2 million square feet of buildings. In addition, SL Green held ownership interests in 25 suburban buildings totaling 3.7 million square feet in Brooklyn, Long Island, Westchester County, and Connecticut.
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 2 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.8 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.7 |
| 8 | Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. | 9.0 |
| 1 | Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. | 7.2 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 10 | FFO Trend: Analysis of the REIT’s FFO trend during the last two years. | 8.5 |
| 7 | FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.7 |
| 7 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.0 |
| 8 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.9 |
| Rating | Leverage Section | Avg. Rating |
| 7 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 5.3 |
| 8 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.2 |
| 10 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 8.0 |
| 10 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 7.9 |
| 6 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.1 |
| 7 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.9 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 3 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 6.2 |
| 5 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.5 |
| Rating | Properties Section | Avg. Rating |
| 8 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 8.1 |
| 8 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 7.7 |
| 7 | Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. | 8.1 |
| Rating | Market Cap Section | Avg. Rating |
| 1 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.7 |
| 6.6 | Overall REITRating™ Score | 6.4 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| Vornado Realty Trust (VNO) | 8.8 | NYSE | Mid-Cap | Diversified Residential Office | United States |
| Douglas Emmett, Inc. (DEI) | 8.0 | NYSE | Mid-Cap | Office Residential | United States |
| Hudson Pacific Properties (HPP) | 8.5 | NYSE | Mid-Cap | Office Diversified | United States |