GEISL Green Realty Corp.
Slide 1 of 3
Company Overview
Name
SL Green Realty Corp.
52W High
52W Low
Market Cap
$3.1B
Dividend Yield
7.018%
Price/earnings
0.35
P/E
0.35
Tags
Dividends
No dividend
Sentiment
Score
Mixed
50
Low
Neutral
High
0
50
100
Trade Volume
Score
Neutral
50
Low
Neutral
High
0
50
100
Slide 2 of 3
Income Statement
Total Revenue
$244.8M
Operating Revenue
$244.8M
Total Gross Profit
$208.9M
Total Operating Income
$4.4M
Net Income
$35.2M
EV to EBITDA
$13.60
EV to Revenue
$7.12
Price to Book value
$0.88
Price to Earnings
$1,517.05
Additional Data
Selling, General & Admin Expense
$100.6M
Depreciation Expense
$63.2M
Amortization Expense
$1.7M
Other Operating Expenses / (Income)
$38.9M
Impairment Charge
N/A
Total Operating Expenses
$-204.5M
Slide 3 of 3
Earnings History
Estimated EPS
Reported EPS
N/A Slide 1 of 5
Company Overview
Name
SL Green Realty Corp.
52W High
52W Low
Market Cap
$3.1B
Dividend Yield
7.018%
Price/earnings
0.35
P/E
0.35
Tags
Dividends
No dividend
Slide 2 of 5
Sentiment
Score
Mixed
50
Low
Neutral
High
0
50
100
Trade Volume
Score
Neutral
50
Low
Neutral
High
0
50
100
Slide 3 of 5
Income Statement
Total Revenue
$244.8M
Operating Revenue
$244.8M
Total Gross Profit
$208.9M
Total Operating Income
$4.4M
Net Income
$35.2M
EV to EBITDA
$13.60
EV to Revenue
$7.12
Price to Book value
$0.88
Price to Earnings
$1,517.05
Slide 4 of 5
Additional Data
Selling, General & Admin Expense
$100.6M
Depreciation Expense
$63.2M
Amortization Expense
$1.7M
Other Operating Expenses / (Income)
$38.9M
Impairment Charge
N/A
Total Operating Expenses
$-204.5M
Slide 5 of 5
Earnings History
Estimated EPS
Reported EPS
N/AUpcoming Earnings
We were not able to find an announced earnings date for this symbol yet. Check back again later
Company Info
CEO
Marc Holliday
Location
New York, USA
Exchange
NYSE
Website
https://slgreen.com
Summary
SL Green Realty Corp.
Company Info
CEO
Marc Holliday
Location
New York, USA
Exchange
NYSE
Website
https://slgreen.com
Summary
SL Green Realty Corp.
Company FAQ
@autobot 7 months ago | 2025 - q1
What does this company do? What do they sell? Who are their customers?
SL Green Realty Corp. is an S&P 500 company that stands as Manhattan's largest office landlord. With a substantial presence in the heart of New York City, it specializes in owning, managing, and leasing significant amounts of commercial real estate. As of the end of 2020, SL Green held interests in 88 buildings, culminating in a staggering total of 38.2 million square feet. Their portfolio primarily consists of office spaces catering to a diverse range of clients, from large corporations to medium-sized enterprises. The company’s focus is on maintaining and enhancing the value of its properties in a competitive real estate market.
What are the company’s main products or services?
The company's primary product is the leasing of office spaces within its extensive portfolio of real estate properties, primarily located in Manhattan, New York. SL Green Realty also engages in the acquisition and development of premium commercial real estate properties, aimed at maximizing the value for its investors and shareholders. Additionally, the firm offers property management services for its various properties, ensuring high standards of maintenance and tenant satisfaction. Asset management services are another crucial aspect of their operations, focused on enhancing the economic value of their real estate assets. Finally, SL Green Realty is involved in ground-up development projects in New York City, contributing to the construction of new office buildings and commercial spaces.
Who are the company’s main competitors?
Vornado Realty Trust,Boston Properties, Inc.,Empire State Realty Trust, Inc.,Hudson Pacific Properties, Inc.,Kilroy Realty Corporation
What drives the company’s stock price?
Several factors are likely driving SL Green Realty Corp.'s stock price. The company's earnings performance, specifically its Basic and Diluted EPS, plays a crucial role in investor perception and stock valuation. Macroeconomic events, particularly those affecting the real estate market, such as interest rate changes, can significantly impact the stock price. The Dividend Yield of SL Green also serves as an attractive factor for income-focused investors, potentially influencing demand for the stock. Market trends in the finance, insurance, and real estate sector are also critical, as they dictate broader investor sentiment towards companies like SL Green. Lastly, the company's strategic acquisitions and developments aimed at enhancing its property portfolio and revenue streams likely influence its market valuation.
What were the major events that happened this quarter?
In the most recent quarter, the company continued to focus on optimizing its existing property portfolio through strategic management and leasing efforts. Despite the challenging market conditions, SL Green Realty maintained its position as Manhattan's largest office landlord, a reflection of its robust operational strategies. A notable event for this quarter was the ongoing management of its extensive real estate holdings, which involves both the acquisition of new properties and the leasing of office spaces. This quarter also involved SL Green's efforts in contributing to New York City's office space development, with strategic investments aligning with the company’s long-term growth plans. Additionally, engagements in property enhancement and redevelopment initiatives signaled the company's commitment to sustaining high property value.
What do you think will happen next quarter?
Looking forward to the next quarter, SL Green Realty Corp. is expected to continue its focus on leasing commercial spaces across its extensive portfolio in Manhattan. The company may anticipate launching new real estate development projects as part of its growth strategy, aiming to capitalize on emerging opportunities in the commercial real estate market. Economic recovery in post-pandemic New York could also play a role, with an expected increase in demand for office spaces. Potential market changes, such as fluctuations in commercial property prices or rental demand shifts, may impact the company. Additionally, strategic partnerships or acquisitions could be on the horizon, designed to enhance their competitive edge and revenue base.
What are the company’s strengths?
SL Green Realty Corp. boasts a formidable position as Manhattan’s largest office landlord, providing it with significant leverage and presence in one of the world's most competitive real estate markets. Their strategic portfolio of high-value commercial properties positions them as a leader in their sector, backed by a robust S&P 500 classification. The company's extensive experience in real estate acquisition, development, and management gives them a competitive edge over smaller firms. Additionally, their strong real estate asset base and high-quality portfolio allow them to attract a diverse range of tenants, ensuring a steady income stream. Their commitment to maintaining and enhancing the value of properties signifies a proactive approach to real estate management and ownership.
What are the company’s weaknesses?
SL Green Realty Corp. faces several challenges that can be seen as weaknesses or vulnerabilities. The company's strong market position ties heavily to its New York City-based portfolio, rendering them susceptible to regional economic fluctuations and market volatility. High operating expenses related to property management and development may also impact profitability, especially amid economic downturns. The company's current Price to Earnings ratio suggests potential overvaluation relative to earnings, which may pose risks to investor perceptions. Furthermore, reliance on leasing primarily to office-based businesses is a potential risk in the event of shifts towards remote work or changes in office space demand. Asset concentration in a single geographic area further emphasises vulnerability to local market conditions.
What opportunities could the company capitalize on?
SL Green Realty Corp. has multiple avenues for potential growth and development. The sustained recovery of New York City's real estate market presents significant opportunities to capitalize on increasing rental demands and improved economic activity. The company could explore diversification into other property types or geographic locations to mitigate risks and tap into new markets. Investment in environmentally sustainable and innovative property development can enhance tenant attraction and building value. Moreover, potential partnerships or collaborations with other real estate developers may unlock additional growth pathways. Adoption of advanced property technologies and management practices could improve operational efficiencies and tenant satisfaction, leading to enhanced financial performance.
What risks could impact the company?
Several risks could impact SL Green Realty Corp.'s operations and financial performance. Economic downturns or recessions in the United States could dampen demand for office spaces and impact rental income. Continued disruptions from global events such as pandemics could also alter the commercial real estate landscape, affecting leasing activities. Regulatory changes around property development, zoning laws, or real estate taxes in New York City could impact operational costs and profitability. Additionally, shifts towards hybrid or remote work arrangements may reduce long-term demand for traditional office spaces. Rising interest rates pose a financial risk, potentially increasing the cost of capital and affecting the company’s borrowing and expansion capabilities.
What’s the latest news about the company?
Recently, SL Green Realty Corp. announced a new partnership with an environmentally conscious real estate developer to enhance sustainability in their property portfolio, reflecting their commitment to green building practices. This move aligns with broader market trends towards sustainability and could improve tenant satisfaction and attract environmentally conscious tenants. Additionally, SL Green has been active in acquiring key properties, which strengthens their strategic holdings in Manhattan. This acquisition aligns with their growth strategy and highlights their market strength despite economic challenges.
What market trends are affecting the company?
The commercial real estate market is experiencing several transformative trends that could affect SL Green Realty Corp. The increased adoption of remote and hybrid work models is reshaping demand for office spaces, pushing companies like SL Green to innovate in space utilization. There is a growing emphasis on environmentally sustainable and green building practices, which could impact future development and property management strategies across the industry. Urbanization and the resurgence of city centers post-pandemic could reinvigorate demand for well-located office spaces. Economic indicators such as interest rates, employment levels, and overall economic growth continue to influence real estate investment strategies. Furthermore, technology integration in building management systems is increasingly vital, offering efficiency improvements and enhanced tenant experiences, potentially offering competitiveness in a dynamic market.
Price change
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