SL Green Realty Corp., Manhattan'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. As of March 31, 2025, SL Green held interests in 55 buildings totaling 30.8 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
Market Dynamics | Learn how tightening Midtown Manhattan office market and shifting tenant priorities align with SLG's high-quality portfolio, driving occupancy goals and leasing activity |
Strategic Shift | Delve into SLG's transition from defense to offense, leveraging capital advantages for new investments and expanding the SUMMIT experience globally |
Financial Fortitude | Explore SLG's robust Q4 2024 performance, exceeding FFO expectations and maintaining a 29-year dividend streak, despite analysts forecasting near-term sales decline |
Manhattan Maverick | SL Green Realty Corp. leads Manhattan's commercial real estate market with premium properties and strategic initiatives, positioning for growth amid office sector recovery |
Metrics to compare | SLG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSLGPeersSector | |
---|---|---|---|---|
P/E Ratio | −114.6x | −4.2x | 9.0x | |
PEG Ratio | −1.44 | 0.12 | 0.01 | |
Price / Book | 1.3x | 0.5x | 0.9x | |
Price / LTM Sales | 6.0x | 1.5x | 3.9x | |
Upside (Analyst Target) | 1.1% | 97.1% | 12.9% | |
Fair Value Upside | Unlock | 34.0% | 0.5% | Unlock |