SL Green Realty Corp | REIT Profile

Symbol: SLG
CIK: 1040971
Exchange: NYSE
Preferred Stock: SLG-I
Founded: 1997 (24 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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Overall Score: 6.9

See score breakdown | See trend

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


SL Green Realty Corp Company Logo

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Hightlights of Trading Day December 6, 2021


Open Price: $71.04
Closing Price: $73.23
Price Change: 3.28 (4.689%)
Lowest Price: $70.49
Highest Price: $74.4

52-Week Low: $54.47
52-Week High: $83.56
52-Week Change: 14.54%

5 Day Price Change: -0.66%
1 Month Price Change: -7.21%
3 Month Price Change: 0.92%
6 Month Price Change: -9.75%
YTD Price Change: 19.43%
1 Year Price Change: 14.54%
2 Year Price Change: -9.38%
5 Year Price Change: -20.30%

Dividend of Trading Day December 6, 2021


Dividend Yield: 4.97%*
Annualized Dividend: $3.6396*
Dividend Yield (TTM): 4.672%
Annualized Dividend (TTM): $3.2681
Ex-Dividend Date: 2021-11-29
Next Ex-Dividend: 2021-12-14
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)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: N/A
Current Debt: $357,614,000
Revenue: $884,308,000
Gross Profit: $884,308,000
Total Revenue: $884,308,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $380,002,000
Revenue Per Share: $13
Revenue Per Employee: $856,058
Employee: 794
Debt to Equity Ratio (D/E): 2.06
Profit Margin: 0.74%
Enterprise Value (EV): $8,960,952,324
Enterprise Value to Revenue (EV/R): 10.13
Price to Sales (P/S): 5.32
Price to Book (P/B): 0.93
Price/Earnings-to-Growth (PEG) Ratio: 0.03
P/E Ratio: 8.27
P/E High: 33.67
P/E Low: 24.90
Forward P/E Ratio: 59.37
Market Capitalization: $4,886,394,483
Beta: 0.98
Latest Volume: 1,052,228
Avg. Total Volume: 725,585
Avg. 10-Day Volume: 1,144,170
Avg. 30-Day Volume: 725,585
TTM EPS: 8.85
Shares Outstanding: 66,726,676
Float: N/A
50-Day Moving Avg.: $72.98
200-Day Moving Avg.: $73.58

Latest REIT Community Comments on #SLG


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Properties Owned by SLG


Properties Based on REIT's Official Presentation

Properties Types States Countries
111 2 2 1

Please visit REIT’s official webpage for the most up-to-date property list.

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 2020-12-07 costing $989.28 @ $82.44 per share you would have been able to buy 6 shares of SLG on 2020-12-07 costing $494.64 @ $82.44 per share you would have been able to buy 3 shares of SLG on 2020-12-07 costing $247.32 @ $82.44 per share you would have been able to buy 1 shares of SLG on 2020-12-07 costing $82.44 @ $82.44 per share you would have been able to buy 0 shares of SLG on 2020-12-07 costing $0.00
Current worth On 2021-12-06 these 12 shares would be worth $878.76 @ $73.23 On 2021-12-06 these 6 shares would be worth $439.38 @ $73.23 On 2021-12-06 these 3 shares would be worth $219.69 @ $73.23 On 2021-12-06 these 1 shares would be worth $73.23 @ $73.23 On 2021-12-06 these 0 shares would be worth $0.00 @ $73.23
Dividends earned $39.94 in dividends would have been earned since 2020-12-07 with 12 shares. $20 in dividends would have been earned since 2020-12-07 with 6 shares. $9.98 in dividends would have been earned since 2020-12-07 with 3 shares. $3.33 in dividends would have been earned since 2020-12-07 with 1 shares. $0.00 in dividends would have been earned since 2020-12-07 with 6 shares.
Net (gain / loss)* -70.58 USD -35.29 USD -17.65 USD -5.88 USD 0.00 USD
ROI** -7.13% -7.13% -7.13% -7.13% 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 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
SLG 2020-12-14 0.000 -100.00% 2020-12-04 2020-12-15 2021-01-15
SLG 2020-11-27 0.295 --- 2020-11-19 2020-11-30 2020-12-15
SLG 2020-10-29 0.295 --- 2020-10-20 2020-10-30 2020-11-16
SLG 2020-09-29 0.295 --- 2020-09-17 2020-09-30 2020-10-15
SLG 2020-08-28 0.295 --- 2020-08-20 2020-08-31 2020-09-15
SLG 2020-07-30 0.295 --- 2020-07-20 2020-07-31 2020-08-17
SLG 2020-06-29 0.295 --- 2020-06-19 2020-06-30 2020-07-15
SLG 2020-05-28 0.295 --- 2020-05-22 2020-05-29 2020-06-15
SLG 2020-04-29 0.295 --- 2020-04-24 2020-04-30 2020-05-15
SLG 2020-03-30 0.295 -65.29% 2020-03-25 2020-03-31 2020-04-15

Financial Statements Overview


The next Earnings Report for SLG is 2022-01-26

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 334,915,000 380,717,000 381,235,000 381,955,000
Inventory 0 0 0 0
Current Assets 4,707,478,000 4,913,255,000 1,807,220,000 1,753,126,000
Current Assets (Other) 0 0 0 0
Short Term Investments 3,062,512,000 3,241,490,000 23,784,000 28,570,000
Long-term Investments 6,148,381,000 6,252,909,000 10,236,825,000 9,954,441,000
Property, Plant & Equipment Net 5,062,484,000 5,126,215,000 5,267,602,000 4,976,082,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 499,489,000 526,214,000 671,598,000 681,092,000
Net Tangible Assets 4,846,274,000 4,567,200,000 4,689,094,000 4,687,831,000
Total Assets 10,855,859,000 11,166,164,000 12,044,045,000 11,707,567,000
Accounts Payable 0 0 0 0
Liabilities (Other) 157,375,000 193,321,000 267,908,000 302,798,000
Current Liabilities (Other) 357,614,000 334,440,000 341,131,000 487,836,000
Total Current Liabilities 357,614,000 334,440,000 966,940,000 487,836,000
Current Long-term Debt 0 0 625,809,000 0
Long-term Debt 4,260,058,000 4,827,629,000 4,845,565,000 5,081,249,000
Total Liabilities 5,589,150,000 6,178,529,000 6,934,516,000 6,595,635,000
Minority Interest 376,746,000 379,826,000 398,718,000 384,294,000
Common Stock 66,840,000 68,980,000 69,010,000 70,204,646
Retained Earnings 1,258,232,000 934,132,000 918,077,000 1,015,462,000
Treasury Stock -126,160,000 -124,049,000 -124,049,000 -124,049,000
Capital Surplus 0 0 0 0
Shareholder Equity 5,266,709,000 4,987,635,000 5,109,529,000 5,111,932,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 205,201,000 218,107,000 226,102,000 234,898,000
Cost of Revenue 0 0 0 0
Gross Profit 205,201,000 218,107,000 226,102,000 234,898,000
Research and Development 0 0 0 0
Selling General and Admin 23,477,000 22,064,000 22,885,000 25,144,000
Operating Expense 167,811,000 184,111,000 191,442,000 187,408,000
Operating Income 37,390,000 33,996,000 34,660,000 47,490,000
Income Expense Net (Other) 0 0 0 0
EBIT 37,390,000 33,996,000 34,660,000 47,490,000
Interest Income 14,807,000 18,960,000 23,388,000 25,579,000
Pretax Income 415,534,000 117,134,000 -3,855,000 200,340,000
Income Tax 0 0 0 0
Minority Interest 21,768,000 6,242,000 -1,975,000 23,738,000
Net Income 385,900,000 104,717,000 -7,464,000 169,231,000
Net Income Basic 385,900,000 104,717,000 -7,464,000 169,231,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 385,900,000 104,717,000 -7,464,000 169,231,000
Depreciation 51,622,000 60,647,000 66,770,000 325,462,000
Changes in Receivables 334,915,000 380,717,000 381,235,000 381,955,000
Changes in Inventories 0 0 0 0
Cash Change 257,941,000 218,337,000 304,999,000 266,059,000
Cash Flow 87,748,000 84,662,000 18,602,000 226,293,000
Capital Expenditures -90,304,000 -68,748,000 -49,328,000 -458,140,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 245,356,000 621,340,000 20,181,000 681,407,000
Dividends Paid 0 0 0 0
Net Borrowings 145,436,000 513,428,000 4,350,388,000 3,976,137,000
Cash Flow Financing -303,672,000 -791,108,000 -9,971,000 -839,354,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
8 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
6 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.8
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
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
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
6.9 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.

Related REITs


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Hudson Pacific Properties (HPP) 7.9 NYSE Mid-Cap Office Diversified United States

Last updated: 2021-12-07 - v2.4