SL Green Realty Corp. (SLG) is a publicly traded company in the Real Estate — REIT - Office industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
SL Green Realty Corp., an S&P 500 listed company, is recognized as Manhattan's premier office landlord. Operating as a fully integrated Real Estate Investment Trust (REIT), its core strategy involves the acquisition, management, and value maximization of commercial properties across Manhattan. By December 31, 2020, SL Green had interests in 88 buildings, totaling 38.2 million square feet.
Is SL Green Realty Corp. stock overvalued or undervalued in 2026?
As of October 2, 2026, SL Green Realty Corp. (SLG) trades at $48.77 with no positive earnings over the last twelve months, according to Kaplio. Kaplio's verdict: expensive. At its 10-year average P/FFO (17.9×) $20 (-59 %).
Kaplio overview: SL Green Realty Corp.
Market cap $3B · 52 weeks $35 – $60 (20 % below the high) · P/E no earnings · Dividend 4.8 % · Next earnings October 21, 2026 · expected EPS $-1.25 · Price as of Oct 2 · accounts published Jul 22.
- Valuation: P/FFO 43.7× (expensive).
- Business: FFO/dividend 0.3× (weak).
- Balance sheet: Net debt/EBITDA 18.4× (fragile).
- Earnings: 4 of 8 (no verdict).
What would it be worth at its usual multiples?
At its 10-year average P/FFO (17.9×) $20 (-59 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in REITs: 0 of 4 pass
- Dividend coverage (FFO/div) 0.3×, fails.
- Debt / Assets 71.9 %, fails.
- Net debt / EBITDA 18.4×, fails.
- P/FFO 43.7×, fails.
- FFO / Share $1.12, info.
Against its peers (reference peers) — SL Green Realty Corp.: P/B 1.1×; Div. yield 4.8 %; EV/EBITDA 17.2×; $3.5B. Highwoods Properties, Inc. (P/B 1.4×; Div. yield 6.7 %; EV/EBITDA 10.5×; $3.2B), Kilroy Realty Corporation (P/B 0.8×; Div. yield 6.4 %; EV/EBITDA 11.2×; $3.9B), Vornado Realty Trust (P/B 1.1×; Div. yield 2.2 %; EV/EBITDA 15.9×; $6.3B).
Expensive or cheap against its last ten fiscal years?
Precio / FFO (aprox.) at each close: today 43.7× · median 17.4× · minimum 5.5× · maximum 43.7× · cheap below 15.2× · expensive above 20.4×. It has been cheaper than today 100% of the time over its last ten fiscal years.
Dividend
fragile · Yield 4.85 % ($3.55 per share in 2025) · Years raising it 1 · 5-year growth -2 % a year · Free cash flow coverage FFO payout 318 % · With $1,000 invested today you'd collect $48.50 a year ($4.04 a month).
Profitability
| Return on Equity | -4.61% |
| Return on Invested Capital | 3.57% |
| Return on Assets | -1.46% |
| Gross Margin | 51.12% |
| Operating Margin | 40.90% |
| Net Margin | -16.65% |
Financial Health
| Debt / Equity | 1.51 |
| Current Ratio | 1.68 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 0.35 |
Price Performance
| 1 month | -13.59% |
| 3 months | -0.74% |
| Year-to-date | +4.67% |
| 1 year | -18.57% |
| 3 years | +42.46% |
| 5 years | -36.43% |
Dividend History
Paid in the last 12 months: $2.3675 per share in 5 payments.
| Date | Amount |
|---|---|
| 2026-09-30 | $0.6175 |
| 2026-06-30 | $0.6175 |
| 2026-03-31 | $0.6175 |
| 2025-11-28 | $0.2575 |
| 2025-10-31 | $0.2575 |
| 2025-09-30 | $0.2575 |
| 2025-08-29 | $0.2575 |
| 2025-07-31 | $0.2575 |
| 2025-06-30 | $0.2575 |
| 2025-05-30 | $0.2575 |
Amounts adjusted for stock splits.
Related companies: ARE · BDN · BXP · CIO · DEI · HIW · HPP
Explore sector: Real Estate · REIT - Office
More sections of SLG: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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