SLG Real Estate

SL Green Realty Corp.

$49.37-2.16%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: REIT - Office
Country: United States
Market cap: 3.8B USD
Enterprise value: 10.8B USD
Full-time employees: 1,289

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.60 vs a peer median of 0.75) and more debt relative to equity (1.43× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.60 vs peers 0.75) and more debt vs equity (1.43× vs peers 0.80×)

Ranks #452 of 632 real estate companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to June 2026.
SL Green Realty reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Wide margins. Operating margin 67% (12 months to Jun 2026) vs a peer median of 27%.Operating margin 67% vs peers 27%.
SL Green Realty keeps 67% of revenue as operating profit, more than 87% of peers (median 27%).
More volatile share price. Beta 1.60: tends to move more than the market.
SL Green Realty's shares have swung more with the market than most peers' (beta 1.60, above the market's 1.0).

StockQuotient Score

41/ 100

Oct 5 41 → Nov 4 41

Valuation

Is the price right?

15/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-5.0%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yield3.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -1.01Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield2.4%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.92Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield97.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

38/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.2%

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.31Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth0.5%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.44Sector median: 0.0378 · MAD: 0.0744

Revenue growth8.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.59Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

91/100

Strong▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 90 → 91

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin66.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.76Sector median: 0.2683 · MAD: 0.2257

Return on assets-1.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.68Sector median: 0.0211 · MAD: 0.0134

Return on invested capital16.9%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.82Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin44.8%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-5.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.60

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.59Sector median: 0.7490 · MAD: 0.3270

Current ratio2.47×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 1.76Sector median: 1.1950 · MAD: 0.7210

Debt / equity1.43×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -1.60Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about SL Green Realty

Is SL Green Realty getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 41/100 since Oct 28, 2026.
How is SL Green Realty valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 15/100 against 762 real estate peers. Earnings yield -5.0% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -5.0% vs peers 5.3% (weaker than 100% of peers).
Is SL Green Realty growing?: More slowly than most of its peers. Growth scores 38/100 against 762 real estate peers. Revenue growth 8.5% vs a peer median of 3.0% (stronger than 69% of peers).Revenue growth 8.5% vs peers 3.0% (stronger than 69% of peers). 3-year revenue growth 0.5% vs a peer median of 3.8% (weaker than 63% of peers).3-year revenue growth 0.5% vs peers 3.8% (weaker than 63% of peers).
How profitable is SL Green Realty?: More profitable than most of its peers. Profitability scores 91/100 against 762 real estate peers. Return on invested capital 16.9% vs a peer median of 3.4% (stronger than 95% of peers).Return on invested capital 16.9% vs peers 3.4% (stronger than 95% of peers). Return on assets -1.5% vs a peer median of 2.1% (weaker than 91% of peers).Return on assets -1.5% vs peers 2.1% (weaker than 91% of peers).
How risky is SL Green Realty?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 2.47× vs a peer median of 1.20× (stronger than 80% of peers).Current ratio 2.47× vs peers 1.20× (stronger than 80% of peers). Beta 1.60 vs a peer median of 0.75 (weaker than 95% of peers).Beta 1.60 vs peers 0.75 (weaker than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	1.0B USD	1.0B USD	+2.2%
Net income (12 months)	−160.2M USD	−175.6M USD	+9.6%
Operating margin	65.1%	66.6%	+1.6 pts
Cash	143.9M USD	180.8M USD	+25.7%
Shares outstanding	71.1M	70.8M	−0.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Office companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	—	65.9%	65.5%	82.4%	65.0%	▼ 17 pts
Net margin	52.2%	-8.5%	-61.8%	2.5%	-9.7%	▼ 12 pts
Return on assets (ROA)	4.1%	-0.6%	-5.9%	0.2%	-0.9%	▼ 1.1 pts
Return on equity (ROE)	9.4%	-1.7%	-14.9%	0.6%	-2.6%	▼ 3.2 pts
Debt to equity	0.29×	0.70×	—	—	—	—
Interest coverage	—	3.64×	2.62×	3.72×	3.02×	▼ 19%

SLG price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.60 vs a peer median of 0.75) and more debt relative to equity (1.43× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.60 vs peers 0.75) and more debt vs equity (1.43× vs peers 0.80×)

Ranks #452 of 632 real estate companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to June 2026.

SL Green Realty reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Wide margins. Operating margin 67% (12 months to Jun 2026) vs a peer median of 27%.Operating margin 67% vs peers 27%.

SL Green Realty keeps 67% of revenue as operating profit, more than 87% of peers (median 27%).

More volatile share price. Beta 1.60: tends to move more than the market.

SL Green Realty's shares have swung more with the market than most peers' (beta 1.60, above the market's 1.0).

Questions investors ask about SL Green Realty

Is SL Green Realty getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 41/100 since Oct 28, 2026.

How is SL Green Realty valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 15/100 against 762 real estate peers. Earnings yield -5.0% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -5.0% vs peers 5.3% (weaker than 100% of peers).

Is SL Green Realty growing?

More slowly than most of its peers. Growth scores 38/100 against 762 real estate peers. Revenue growth 8.5% vs a peer median of 3.0% (stronger than 69% of peers).Revenue growth 8.5% vs peers 3.0% (stronger than 69% of peers). 3-year revenue growth 0.5% vs a peer median of 3.8% (weaker than 63% of peers).3-year revenue growth 0.5% vs peers 3.8% (weaker than 63% of peers).

How profitable is SL Green Realty?

More profitable than most of its peers. Profitability scores 91/100 against 762 real estate peers. Return on invested capital 16.9% vs a peer median of 3.4% (stronger than 95% of peers).Return on invested capital 16.9% vs peers 3.4% (stronger than 95% of peers). Return on assets -1.5% vs a peer median of 2.1% (weaker than 91% of peers).Return on assets -1.5% vs peers 2.1% (weaker than 91% of peers).

How risky is SL Green Realty?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 2.47× vs a peer median of 1.20× (stronger than 80% of peers).Current ratio 2.47× vs peers 1.20× (stronger than 80% of peers). Beta 1.60 vs a peer median of 0.75 (weaker than 95% of peers).Beta 1.60 vs peers 0.75 (weaker than 95% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

1.0B USD

1.0B USD

+2.2%

Net income (12 months)

−160.2M USD

−175.6M USD

+9.6%

Operating margin

65.1%

66.6%

+1.6 pts

Cash

143.9M USD

180.8M USD

+25.7%

Shares outstanding

71.1M

70.8M

−0.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

—

65.9%

65.5%

82.4%

65.0%

▼ 17 pts

Net margin

52.2%

-8.5%

-61.8%

2.5%

-9.7%

▼ 12 pts

Return on assets (ROA)

4.1%

-0.6%

-5.9%

0.2%

-0.9%

▼ 1.1 pts

Return on equity (ROE)

9.4%

-1.7%

-14.9%

0.6%

-2.6%

▼ 3.2 pts

Debt to equity

0.29×

0.70×

—

Interest coverage

—

3.64×

2.62×

3.72×

3.02×

▼ 19%