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SLGSL Green Realty Corp.
$50.27$3.6B
Overview & Verdict
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SLG logoSL Green Realty Corp.(SLG)Earnings, Financials & Key Ratios

SLG•NYSE•REIT / Real Estate
$50.27
Price updated Jul 7, 2026
SectorReal EstateIndustryOffice REITsSub-IndustryGateway CBD Office REITs
AboutSL Green Realty Corp., an S&P 500 company and Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.Show more
  • Revenue$1B+42.0%
  • FFO$167M-30.4%
  • FFO/Share2.19-36.1%
  • FFO Payout144.91%+59.4%
  • FFO per Share2.19-36.1%
  • NOI Margin34.08%-4.7%
  • FFO Margin16.69%-51.0%
  • ROE-1.98%-385.0%
  • ROA-0.82%-367.3%

SLG Price & Volume

SL Green Realty Corp. (SLG) stock price & volume — 10-year historical chart

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Manhattan Office Volatility Masks Structural Earnings Fragility

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Manhattan office demand volatility

Key Thesis Takeaways

  • SL Green Realty Corp.
  • faces significant headwinds as its Manhattan-centric portfolio struggles with erratic revenue growth and persistent FFO volatility, exemplified by a negative $0.12 FFO per share in 2026Q1.
  • The company's reliance on capital-intensive tenant improvements, evidenced by $61.8M in 2025Q2 capital outlays, continues to pressure free cash flow and dividend sustainability.
  • Investors should remain cautious as the disconnect between GAAP net income and FFO, alongside potential off-balance-sheet leverage, obscures the true extent of the firm's financial risk profile.

Verdict Logic

the company's inability to maintain consistent profitability, highlighted by a negative $78.5M net income in 2026Q1, suggests that the current 6.1% dividend yield may be unsustainable given the ongoing capital expenditure requirements.

SLG Growth Metrics

SL Green Realty Corp. (SLG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-5%
5 Years-0.48%
3 Years5.2%
TTM53.19%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-4475.63%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-494.32%

Return on Capital

10 Years3.98%
5 Years2.47%
3 Years1.99%
Last Year1.52%

SLG Recent Earnings

SL Green Realty Corp. (SLG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 15, 2026
Metric
Actual
Est
EPS
$1.20-58.8%
$0.76
Rev
$166M+0.4%
$165M
Q1 2026
Jan 28, 2026
Metric
Actual
Est
EPS
$1.13+2.7%
$1.10
Rev
$160M+6.8%
$150M
Q4 2025
Oct 15, 2025
Metric
Actual
Est
EPS
$1.58+17.9%
$1.34
Rev
$245M+51.1%
$162M
Q3 2025
Jul 16, 2025
Metric
Actual
Est
EPS
$1.63+19.0%
$1.37
Rev
$242M+40.4%
$172M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 15, 2026
$1.20vs $0.76-58.8%
$166Mvs $165M+0.4%
Q1 2026Jan 28, 2026
$1.13vs $1.10+2.7%
$160Mvs $150M+6.8%
Q4 2025Oct 15, 2025
$1.58vs $1.34+17.9%
$245Mvs $162M+51.1%
Q3 2025Jul 16, 2025
$1.63vs $1.37+19.0%
$242Mvs $172M+40.4%
Based on last 12 quarters of dataView full earnings history →

Latest SLG News

Recent stock market news and headlines for SL Green Realty Corp. (SLG)

GlobeNewsWire·Jun 22, 2026
SL Green Realty Corp. to Release Second Quarter 2026 Financial Results After Market Close on July 22, 2026

NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the second quarter of 2026 on Wednesday, July 22, 2026 after market close. The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, July 23, 2026 at 2:00pm ET to discuss the financial results.

24/7 Wall Street·Jun 18, 2026
KBWY Up 20% This Year, But The Real Test Comes When Rent Rolls Reset

Income hunters know Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) as one of the highest-yielding equity REIT funds on the market, with a 30-day SEC yield of 8.26% and a 12-month distribution rate of 8.6%.

GlobeNewsWire·Jun 17, 2026
SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends

NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a quarterly ordinary dividend of $0.6175 per share of common stock, which is the equivalent of an annualized dividend of $2.47 per share. The dividend is payable in cash on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.

Peers Comparison

Key metrics vs top competitors for SL Green Realty Corp. (SLG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SLG logoSLGSL Green Realty Corp.Current
$50.27$3.63B-42.6041.96%-8.8%-1.98%6.31%
VNO logoVNOVornado Realty Trust
$39.44$7.42B9.391.27%43.99%11.77%—
BXP logoBXPBXP, Inc.
$68.59$10.94B39.422.19%9.09%4.13%—
KRC logoKRCKilroy Realty Corporation
$38.80$4.51B16.72-2.02%19.59%3.89%—
HIW logoHIWHighwoods Properties, Inc.
$32.09$3.54B22.13-2.39%11.4%3.76%—
PDM logoPDMPiedmont Office Realty Trust, Inc.
$9.56$1.2B-14.27-0.93%-20.46%-5.7%—

Compare SLG vs Peers

SL Green Realty Corp. (SLG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VNO

Most directly comparable listed peer for SLG.

Scale Benchmark

vs SPG

Larger-name benchmark to compare SLG against a more recognizable public peer.

Peer Set

Compare Top 5

vs VNO, BXP, KRC, HIW

SLG SEC Filings & Documents

SL Green Realty Corp. (SLG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 16, 2026·SEC

Material company update

Mar 6, 2026·SEC

Material company update

Mar 4, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 1, 2025·SEC

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SLG Frequently Asked Questions

SL Green Realty Corp. (SLG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is SL Green Realty Corp.'s revenue?

SL Green Realty Corp. (SLG) reported $993.5M in revenue for fiscal year 2025. This represents a 2917% increase from $32.9M in 1997.

How fast is SL Green Realty Corp. growing?

SL Green Realty Corp. (SLG) grew revenue by 42.0% over the past year. This is strong growth.

Is SLG profitable?

SL Green Realty Corp. (SLG) reported a net loss of $151.5M for fiscal year 2025.

Dividend & Returns
Does SLG pay dividends?

Yes, SL Green Realty Corp. (SLG) pays a dividend with a yield of 6.31%. This makes it attractive for income-focused investors.

What is SLG's return on equity?

SL Green Realty Corp. (SLG) has a return on equity (ROE) of -2.0%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is SL Green Realty Corp.'s FFO?

SL Green Realty Corp. (SLG) generated Funds From Operations (FFO) of $110.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is SLG a good dividend stock?

SL Green Realty Corp. (SLG) offers a 6.31% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in SLG back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →