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REIT and Manhattan's largest office landlord, owning and managing New York City office towers.
REIT and Manhattan's largest office landlord, owning and managing New York City office towers.
Earns rent from long office leases, mostly with finance, law and media tenants, plus ground-floor retail rents. Many buildings are held through joint ventures with outside investors, and it sells stakes to raise cash. A second income line is interest on loans and preferred equity it provides to other property owners.
Moat: narrow (scale, brand, installed base). Being Manhattan's largest office owner gives leasing scale and market intelligence others lack.
Headquarters: New York, New York, US · Founded: 1997 · Employees: 1,289
Size SL Green Realty (SLG) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $3.88B, the 1366th largest of 3,117 United States companies the cockpit tracks. Shares closed at $50.78 on 6 Nov 2026.
Performance Over six months the shares gained 11.0%, against -3.8% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +3.5%); the operating margin is 12.2% (peer median 44.9%).
Valuation It trades at 1.12× book value against a peer median of 0.95× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 14.6%; SL Green Realty delivers -3.1%, so the price asks more than the business earns today.
Short interest Short interest is 18.1% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.07B | $1.03B | $920M | $959M | $925M |
| Revenue growth | — | +12% | -4% | +4% | — |
| Gross profit | $367M | $371M | $370M | $343M | $370M |
| EBITDA | $399M | $439M | $468M | $344M | $392M |
| Net income | -$120M | -$90.2M | $28.8M | -$560M | -$73.8M |
| Free cash flow | n/a | -$71.8M | $79.2M | $110M | $117M |
| Capital expenditure | n/a | $256M | $212M | $260M | $301M |
| Total debt | $6.37B | $6.00B | $5.15B | $4.43B | $6.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SL Green Realty SLG | $3.88B | +11% | +9% | -3% | 1.12× | 14.6% |
| Vornado Realty Trust VNO | $6.70B | +11% | +2% | 0% | 1.44× | 17.3% |
| Empire State Realty Trust ESRT | $919M | -7% | +2% | 5% | 0.85× | 10.7% |
| BXP BXP | $10.4B | +11% | +3% | 10% | 2.00× | 17.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SLG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.8% | +3.8% | 11th highest of 21 |
| 6-month return | +11.0% | -3.8% | 3rd highest of 21 |
| Return on equity | -3.1% | 6.2% | lowest of 21 |
| Price / book | 1.12× | 0.95× | 6th most expensive of 21 |
| ROE the price implies | 14.6% | 7.8% | most demanding of 21 |
| ROE delivered | -3.1% | 6.2% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SL Green Realty SLG | United States | $3.88B | +11% | +9% | -3% | 1.12× | 14.6% | -3.1% |
| Mapletree Industrial Trust ME8U.SI | Singapore | $3.89B | -10% | -5% | 4% | 1.07× | 5.0% | 4.1% |
| Shaftesbury Capital SHC.L | United Kingdom | $3.91B | +16% | +9% | 10% | 0.71× | 10.2% | 9.7% |
| Granite Real Estate Investment Trust GRT-UN.TO | Canada | $3.85B | -6% | +9% | 7% | 0.93× | 10.4% | 6.5% |
| Glp J-reit 3281.T | Japan | $4.00B | -2% | -6% | 7% | 1.43× | 5.4% | 6.8% |
| Nomura Real Estate Master Fund 3462.T | Japan | $3.66B | -23% | -18% | 5% | 0.96× | 4.5% | 4.8% |
| Independence Realty Trust IRT | United States | $3.63B | -9% | +3% | 2% | 1.06× | 9.8% | 1.8% |
| Covivio Hotels SCA COVH.PA | France | $3.61B | -9% | +5% | 9% | 0.89× | 7.2% | 9.5% |
| Kilroy Realty KRC | United States | $4.21B | +3% | -4% | 1% | 0.80× | 9.3% | 0.5% |
| Colonial SFL SOCIMI COL.MC | Spain | $3.58B | -2% | +4% | 6% | 0.55× | 7.6% | 5.6% |
| Curbline Properties CURB | United States | $3.57B | +5% | +51% | 1% | 1.57× | 10.6% | 1.3% |
| First Capital Real Estate Investment Trust FCR-UN.TO | Canada | $3.55B | 0% | +3% | 24% | 1.01× | 8.1% | 24.2% |
| National Health Investors NHI | United States | $3.50B | -5% | +24% | 11% | 2.23× | 13.0% | 10.9% |
| Highwoods Properties HIW | United States | $3.47B | +24% | +6% | 8% | 1.48× | 13.8% | 7.9% |
| KDX Realty Investment 8972.T | Japan | $3.47B | -16% | +3% | 5% | 0.87× | 4.9% | 5.4% |
| Canadian Apartment Properties Real Estate Investment Trust CAR-UN.TO | Canada | $3.45B | -14% | -7% | -2% | 0.58× | 6.0% | -1.5% |
| Nippon Prologis REIT 3283.T | Japan | $4.37B | -8% | +9% | 6% | 1.39× | 6.6% | 6.0% |
| Frasers Centrepoint Trust J69U.SI | Singapore | $3.43B | -5% | +16% | 8% | 0.92× | 3.4% | 7.9% |
| RioCan Real Estate Investment Trust REI-UN.TO | Canada | $4.41B | -3% | -13% | 7% | 0.86× | 7.7% | 6.9% |
| Primary Health Properties PHP.L | United Kingdom | $3.41B | +6% | +104% | 8% | 0.99× | 10.9% | 8.0% |
| Dexus DXS.AX | Australia | $4.44B | 0% | -28% | 5% | 0.65× | 8.0% | 4.9% |