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SL Green Realty Corp., is a privately owned real estate investment manager and 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, 2024, SL Green held interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. It was founded in 1980 and is headquartered in New York.
NYC Office Dominance | Explore SL Green's strategic positioning as New York City's largest office landlord, capitalizing on tightening market conditions and shifting tenant preferences |
Financial Resilience | Delve into SLG's impressive Q4 2024 results, surpassing expectations with FFO of $1.81 per share and a robust liquidity position |
Strategic Expansion | Learn about SLG's ambitious plans, including the global expansion of SUMMIT, pursuit of a casino license, and large-scale Midtown development projects |
Market Outlook | Analysts project an average price target of $82, with SLG aiming for 93%+ occupancy by 2025 and setting an FFO guidance of $5.41 per share at midpoint |
Metrics to compare | SLG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSLGPeersSector | |
---|---|---|---|---|
P/E Ratio | −135.9x | −7.6x | 8.4x | |
PEG Ratio | −1.43 | 0.21 | 0.01 | |
Price/Book | 1.2x | 0.8x | 0.9x | |
Price / LTM Sales | 6.5x | 2.3x | 3.7x | |
Upside (Analyst Target) | 9.9% | −5.9% | 17.5% | |
Fair Value Upside | Unlock | 15.7% | 3.0% | Unlock |