SL Green Realty Corp. (SLG) Stock

SL Green Realty Corp. (SLG) is a Real Estate stock trading at $57.48 (as of 2026-08-21), with a market capitalization of $4.09B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SL Green Realty Corp. is a REIT that invests in, manages, and seeks to increase the value of commercial real estate in Manhattan. It holds interests across multiple Manhattan buildings and also has interests related to debt and preferred equity investments.

Understand SL Green Realty Corp.: how it makes money

SL Green Realty Corp. is a REIT that owns and operates Manhattan commercial office properties, and it makes money primarily from collecting rent (including net rent) and related reimbursements and operating revenue.

SL Green is a landlord REIT, so its profit engine is the ability to generate net rent revenue from its Manhattan office property portfolio, supported by additional operating revenue lines such as escalations and reimbursements.

Business quality (Solid): The facts clearly describe SL Green's Manhattan office landlord model and provide revenue composition lines and an operating margin, but the provided data does not include a complete, mutually exclusive segment breakdown that sums to the total.

Bull case

  • Scale and focus in Manhattan offices: As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet, including substantial Manhattan building ownership interests.
  • Business model built around rent generation: The available revenue lines show rent as a core driver, with net rent revenue and additional escalations and reimbursements revenue.

Bear case

  • Office landlord cash flow risk: Because results depend on collecting rent from commercial properties, changes in tenant demand or lease economics can reduce rent revenue.
  • Exposure to debt and preferred equity investments: The company reports interests in space that also secures debt and preferred equity investments, which can add complexity and risk to cash flows.
Valuation — source: SEC EDGAR (first-party)
Price$57.48
Market Cap$4.09B
EV / EBITDA4.0
Price / Book1.05
Price / Sales4.02
DCF Value (model)$12.55
DCF Upside vs Price-78.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.00B
Net Margin-9.7%
Revenue Growth (YoY)5.5%
EPS Growth (YoY)300.0%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($498.74M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorReal Estate
IndustryTrading
CEOMarc Holliday
Employees1,221
CountryUS
IPO Date1997-08-15

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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  • COPT Defense Properties (CDP)
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  • Howard Hughes Holdings Inc. (HHH)
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SLG earnings history · SLG institutional & insider holders · SLG KPIs & operating metrics · SLG financials · SLG investor presentations & press releases · SLG SEC filings · SLG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.