SL Green Realty Corp | REIT Profile

Symbol: SLG
CIK: 1040971
Exchange: NYSE
Preferred Stock: SLG-I
Founded: 1997 (25 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office

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See SLG on SEC.gov

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About SL Green Realty Corp

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.


SL Green Realty Corp Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$41.61 $41.78 $40.69 $40.78 $41.61 $40.78 369,859 $0.83 2.04% $2,676,190,882 -34.97 $80.45 $35.49 -39.55%

Last update: 2022-11-25 10:00:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.4

Hightlights of Trading Day November 25, 2022


Open Price: $40.78
Closing Price: $41.61
Price Change: 0.83 (2.035%)
Lowest Price: $40.69
Highest Price: $41.78
52-Week Low: $35.49
52-Week High: $80.45
52-Week Change: -42.15%
5 Day Price Change: 2.13%
1 Month Price Change: 8.51%
3 Month Price Change: -9.32%
6 Month Price Change: -30.63%
YTD Price Change: -41.59%
1 Year Price Change: -42.15%
2 Year Price Change: -26.98%
5 Year Price Change: -48.64%

Dividend of Trading Day November 25, 2022


Dividend Yield: 8.963%*
Annualized Dividend: $3.7296*
Dividend Yield (TTM): 8.843%
Annualized Dividend (TTM): $3.6061
Ex-Dividend Date: 2022-10-28
Next Ex-Dividend: 2022-11-29
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for SLG.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 FFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: N/A
Current Debt: $549,447,000
Revenue: $796,446,000
Gross Profit: $796,446,000
Total Revenue: $796,446,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $321,302,000
Revenue Per Share: $12
Revenue Per Employee: $771,003
Employee: 794
Debt to Equity Ratio (D/E): 2.61
Profit Margin: -0.10%
Enterprise Value (EV): $8,386,205,795
Enterprise Value to Revenue (EV/R): 10.53
Price to Sales (P/S): 3.35
Price to Book (P/B): 0.57
Price/Earnings-to-Growth (PEG) Ratio: 0.29
P/E Ratio: -34.97
P/E High: 86.66
P/E Low: 71.26
Forward P/E Ratio: 126.72
Market Capitalization: $2,676,190,882
Beta: 1.00
Latest Volume: 369,860
Avg. Total Volume: 993,805
Avg. 10-Day Volume: 673,231
Avg. 30-Day Volume: 993,805
TTM EPS: -1.19
Shares Outstanding: 64,316,051
Float: N/A
50-Day Moving Avg.: $38.92
200-Day Moving Avg.: $46.00

Latest REIT Community Comments on #SLG


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Properties Owned by SLG


SLG Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $82.44 per share you would have been able to buy 12 shares of SLG on 2021-11-26 costing $989.28 @ $82.44 per share you would have been able to buy 6 shares of SLG on 2021-11-26 costing $494.64 @ $82.44 per share you would have been able to buy 3 shares of SLG on 2021-11-26 costing $247.32 @ $82.44 per share you would have been able to buy 1 shares of SLG on 2021-11-26 costing $82.44 @ $82.44 per share you would have been able to buy 0 shares of SLG on 2021-11-26 costing $0.00
Current worth On 2022-11-25 these 12 shares would be worth $499.32 @ $41.61 On 2022-11-25 these 6 shares would be worth $249.66 @ $41.61 On 2022-11-25 these 3 shares would be worth $124.83 @ $41.61 On 2022-11-25 these 1 shares would be worth $41.61 @ $41.61 On 2022-11-25 these 0 shares would be worth $0.00 @ $41.61
Dividends earned $40.94 in dividends would have been earned since 2021-11-26 with 12 shares. $20 in dividends would have been earned since 2021-11-26 with 6 shares. $10.23 in dividends would have been earned since 2021-11-26 with 3 shares. $3.41 in dividends would have been earned since 2021-11-26 with 1 shares. $0.00 in dividends would have been earned since 2021-11-26 with 6 shares.
Net (gain / loss)* -449.02 USD -224.51 USD -112.26 USD -37.42 USD 0.00 USD
ROI** -45.39% -45.39% -45.39% -45.39% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


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
SLG 2022-10-28 0.311 --- 2022-10-19 2022-10-31 2022-11-15
SLG 2022-09-29 0.311 --- 2022-09-19 2022-09-30 2022-10-17
SLG 2022-08-30 0.311 --- 2022-08-16 2022-08-31 2022-09-15
SLG 2022-07-28 0.311 --- 2022-07-19 2022-07-29 2022-08-15
SLG 2022-06-29 0.311 --- 2022-06-14 2022-06-30 2022-07-15
SLG 2022-05-27 0.311 --- 2022-05-18 2022-05-31 2022-06-15
SLG 2022-04-28 0.311 --- 2022-04-22 2022-04-29 2022-05-16
SLG 2022-02-25 0.311 --- 2022-02-22 2022-02-28 2022-03-15
SLG 2022-01-28 0.311 --- 2022-01-21 2022-01-31 2022-02-15
SLG 2021-12-14 0.311 2.47% 2021-12-02 2021-12-15 2022-01-18
SLG 2021-11-29 0.303 --- 2021-11-22 2021-11-30 2021-12-15
SLG 2021-10-28 0.303 --- 2021-10-21 2021-10-29 2021-11-15
SLG 2021-09-29 0.303 --- 2021-09-15 2021-09-30 2021-10-15
SLG 2021-08-30 0.303 --- 2021-08-20 2021-08-31 2021-09-15
SLG 2021-07-29 0.303 --- 2021-07-22 2021-07-30 2021-08-16
SLG 2021-06-29 0.303 --- 2021-06-18 2021-06-30 2021-07-15
SLG 2021-05-27 0.303 --- 2021-05-21 2021-05-31 2021-06-15
SLG 2021-03-30 0.303 --- 2021-03-17 2021-03-31 2021-04-15
SLG 2021-02-25 0.303 --- 2021-02-17 2021-02-26 2021-03-15
SLG 2021-01-28 0.303 --- 2021-01-21 2021-01-29 2021-02-16

Financial Statements Overview


The next Earnings Report for SLG is 2023-01-25

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 0 0 0 0
Receivables 27,293,000 31,711,000 325,337,000 334,915,000
Inventory 0 0 0 0
Current Assets 1,376,993,000 1,396,144,000 1,700,229,000 4,707,478,000
Current Assets (Other) 0 0 0 0
Short Term Investments 26,260,000 32,889,000 34,752,000 3,062,512,000
Long-term Investments 9,327,890,000 9,618,821,000 9,366,400,000 6,148,381,000
Property, Plant & Equipment Net 4,495,043,000 4,778,172,000 4,770,985,000 5,062,484,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 687,223,000 722,539,000 387,336,000 499,489,000
Net Tangible Assets 4,461,866,000 4,504,072,000 4,542,944,000 4,846,274,000
Total Assets 10,704,883,000 11,014,965,000 11,066,629,000 10,855,859,000
Accounts Payable 0 0 0 0
Liabilities (Other) 264,876,000 276,254,000 195,390,000 157,375,000
Current Liabilities (Other) 340,546,000 349,443,000 581,345,000 357,614,000
Total Current Liabilities 340,546,000 349,443,000 581,345,000 357,614,000
Current Long-term Debt 0 0 0 0
Long-term Debt 3,985,166,000 4,181,897,000 4,119,944,000 4,260,058,000
Total Liabilities 5,843,142,000 6,111,018,000 6,105,678,000 5,589,150,000
Minority Interest 399,940,000 387,189,000 357,629,000 376,746,000
Common Stock 63,798,000 64,349,000 58,130,000 66,840,000
Retained Earnings 779,999,000 846,646,000 975,781,000 1,258,232,000
Treasury Stock -128,655,000 -128,655,000 -126,160,000 -126,160,000
Capital Surplus 0 0 0 0
Shareholder Equity 4,861,741,000 4,903,947,000 4,960,951,000 5,266,709,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 201,445,000 187,964,000 194,581,000 205,201,000
Cost of Revenue 0 0 0 0
Gross Profit 201,445,000 187,964,000 194,581,000 205,201,000
Research and Development 0 0 0 0
Selling General and Admin 23,522,000 24,776,000 26,486,000 23,477,000
Operating Expense 151,840,000 156,396,000 177,065,000 167,811,000
Operating Income 49,605,000 31,568,000 17,516,000 37,390,000
Income Expense Net (Other) 0 0 0 0
EBIT 49,605,000 31,568,000 17,516,000 37,390,000
Interest Income 14,960,000 15,070,000 13,736,000 14,807,000
Pretax Income -37,949,000 13,485,000 -48,181,000 415,534,000
Income Tax 0 0 0 0
Minority Interest 591,000 349,000 -2,462,000 21,768,000
Net Income -44,373,000 7,416,000 -50,939,000 385,900,000
Net Income Basic -44,373,000 7,416,000 -50,939,000 385,900,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income -44,373,000 7,416,000 -50,939,000 385,900,000
Depreciation 48,831,000 48,931,000 49,254,000 51,622,000
Changes in Receivables 27,293,000 31,711,000 325,337,000 334,915,000
Changes in Inventories 0 0 0 0
Cash Change 189,360,000 223,674,000 251,417,000 257,941,000
Cash Flow 101,033,000 81,402,000 65,686,000 87,748,000
Capital Expenditures -65,277,000 -61,680,000 58,685,000 -90,304,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 121,828,000 13,496,000 105,985,000 245,356,000
Dividends Paid 0 0 0 0
Net Borrowings 2,824,826,000 3,041,138,000 2,996,469,000 145,436,000
Cash Flow Financing -253,118,000 -124,564,000 -180,620,000 -303,672,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.9
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
4 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
6 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
5 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.7
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.8
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. 5.0
7.4 Overall REITRating™ Score (See trend) 6.2

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.

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Last updated: 2022-11-26 - v3.5