Stock SLG SL GREEN REALTY CORP.
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Financials SL Green Realty Corp.

Equities

SLG

US78440X8873

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
50.61 USD -0.53% Intraday chart for SL Green Realty Corp. +2.08% +12.04%
Apr. 22 Evercore ISI Adjusts SL Green Realty Price Target to $47 From $46, Maintains Underperform Rating MT
Apr. 19 SL Green Realty Keeps Monthly Dividend at $0.25 per Share, Payable May 15 to Shareholders of Record as of April 30 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,361 4,324 4,813 2,169 2,910 3,280 - -
Enterprise Value (EV) 1 12,794 9,173 8,681 7,377 6,079 6,431 6,189 6,192
P/E ratio 29.5 x 12.6 x 11.4 x -22.6 x -4.95 x -63 x -24 x -25.3 x
Yield 3.74% 5.94% 4.94% 10.9% 6.64% 5.93% 5.69% 5.56%
Capitalization / Revenue 7.48 x 5.37 x 7.1 x 3.23 x 4.26 x 5.64 x 5.62 x 5.53 x
EV / Revenue 13 x 11.4 x 12.8 x 11 x 8.9 x 11.1 x 10.6 x 10.4 x
EV / EBITDA 18.8 x 16.4 x 22.4 x 18.8 x 18.8 x 25.2 x 24 x 27.3 x
EV / FCF 104 x 95.5 x -187 x -299 x - 11 x 14.7 x 14.9 x
FCF Yield 0.97% 1.05% -0.54% -0.33% - 9.07% 6.8% 6.73%
Price to Book 1.51 x 1.01 x 0.99 x 0.47 x 0.82 x 0.99 x 1.05 x 1.14 x
Nbr of stocks (in thousands) 75,528 68,418 65,132 64,316 64,417 64,806 - -
Reference price 2 97.45 63.19 73.89 33.72 45.17 50.61 50.61 50.61
Announcement Date 1/22/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 983.6 804.4 678.2 671.5 683.3 581.9 583.9 592.8
EBITDA 1 678.8 560.1 387.3 393.3 324.2 255 258 226.9
EBIT 1 394.8 246.4 170.5 178 76.35 370.8 317.5 371.7
Operating Margin 40.14% 30.63% 25.14% 26.51% 11.17% 63.72% 54.38% 62.7%
Earnings before Tax (EBT) 1 204.2 414.8 15.9 16.43 -154 51.6 -100.6 -85.6
Net income 1 255.5 356.1 434.8 -93.02 -579.5 -52.88 -101.2 -67.54
Net margin 25.98% 44.27% 64.11% -13.85% -84.81% -9.09% -17.33% -11.39%
EPS 2 3.299 5.019 6.500 -1.490 -9.120 -0.8033 -2.105 -2.000
Free Cash Flow 1 123.5 96.1 -46.51 -24.68 - 583.5 421.1 416.8
FCF margin 12.56% 11.95% -6.86% -3.68% - 100.28% 72.11% 70.31%
FCF Conversion (EBITDA) 18.19% 17.16% - - - 228.8% 163.24% 183.69%
FCF Conversion (Net income) 48.33% 26.99% - - - - - -
Dividend per Share 2 3.643 3.751 3.647 3.690 3.000 3.000 2.881 2.814
Announcement Date 1/22/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 155.4 150.1 156 155.2 163 197.3 195 185.9 151 151.4 141.5 150.8 148.5 144.9 155
EBITDA 1 66.43 84.25 83.29 101.1 103.4 105.6 99.66 104.6 62.31 55.79 64.39 98.36 98.96 96.62 91.58
EBIT 1 17.15 36.91 36.31 54.16 54.92 32.64 21.11 35.48 12.1 6.743 15.8 86.19 70.39 69.59 51.7
Operating Margin 11.04% 24.59% 23.27% 34.89% 33.7% 16.54% 10.82% 19.08% 8.02% 4.46% 11.17% 57.16% 47.4% 48.02% 33.35%
Earnings before Tax (EBT) 1 35.72 -23.48 19.26 32.73 9.052 -39.9 -36.87 -335.1 -35.06 -55.09 94.24 -25.8 -0.5 -16.3 -27.8
Net income 1 388.2 -51.27 7.751 -43.88 7.377 -64.28 -39.73 -360.2 -23.97 -155.6 13.14 -19.53 -18.14 -16.54 -35.1
Net margin 249.87% -34.15% 4.97% -28.26% 4.53% -32.58% -20.37% -193.71% -15.87% -102.81% 9.29% -12.95% -12.21% -11.41% -22.65%
EPS 2 5.926 -0.8200 0.1100 -0.7000 0.1100 -1.010 -0.6300 -5.630 -0.3800 -2.450 0.2000 -0.3250 -0.4550 -0.2310 -1.030
Dividend per Share 2 0.9377 0.9174 0.9324 0.9320 0.9320 0.8936 0.8124 0.8100 0.8124 0.7500 0.7500 0.7500 0.7500 0.7500 0.7650
Announcement Date 10/20/21 1/26/22 4/20/22 7/20/22 10/19/22 1/25/23 4/19/23 7/19/23 10/18/23 1/24/24 4/17/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,433 4,850 3,869 5,209 3,169 3,151 2,909 2,912
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.004 x 8.659 x 9.987 x 13.24 x 9.776 x 12.36 x 11.28 x 12.83 x
Free Cash Flow 1 123 96.1 -46.5 -24.7 - 584 421 417
ROE (net income / shareholders' equity) 4.5% 6.88% 8.99% -1.99% -13.8% -4.06% -2.29% -2.22%
ROA (Net income/ Total Assets) 2% 2.91% 3.82% -0.79% -5.3% -1.51% -1.25% -1.22%
Assets 1 12,759 12,237 11,382 11,711 10,944 3,496 8,096 5,549
Book Value Per Share 2 64.50 62.70 74.30 71.20 55.10 51.30 48.00 44.20
Cash Flow per Share 2 4.610 7.390 3.620 4.060 - 3.220 3.870 4.200
Capex 1 253 458 302 301 260 79.9 122 164
Capex / Sales 25.72% 56.95% 44.6% 44.79% 38% 13.73% 20.88% 27.62%
Announcement Date 1/22/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for SL Green Realty Corp.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
50.61 USD
Average target price
45.56 USD
Spread / Average Target
-9.99%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Office REITs
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  4. Financials SL Green Realty Corp.