SL Green Realty
About: SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 32 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.
Employees: 1,221
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
61% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 90
51% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 39
6% more capital invested
Capital invested by funds: $4B [Q3] → $4.26B (+$254M) [Q4]
5% more funds holding
Funds holding: 324 [Q3] → 339 (+15) [Q4]
1.54% less ownership
Funds ownership: 88.93% [Q3] → 87.39% (-1.54%) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
69% less call options, than puts
Call options by funds: $87.5M | Put options by funds: $284M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$54
3%
upside
Avg. target
$65
23%
upside
High target
$75
43%
upside
8 analyst ratings
2 positive
25%
6 neutral
75%
0 negative
0%
Barclays Anthony Powell 39% 1-year accuracy 7 / 18 met price target | 14%upside $60 | Equal-Weight Maintained | 30 Apr 2025 |
Truist Securities Michael Lewis 43% 1-year accuracy 13 / 30 met price target | 3%upside $54 | Hold Maintained | 23 Apr 2025 |
Piper Sandler Alexander Goldfarb 33% 1-year accuracy 13 / 40 met price target | 37%upside $72 | Overweight Maintained | 21 Apr 2025 |
Jefferies Peter Abramowitz 13% 1-year accuracy 2 / 16 met price target | 10%upside $58 | Hold Initiated | 17 Mar 2025 |
Evercore ISI Group Steve Sakwa 38% 1-year accuracy 17 / 45 met price target | 39%upside $73 | Outperform Upgraded | 17 Mar 2025 |
Financial journalist opinion
Based on 10 articles about SLG published over the past 30 days
Negative
Seeking Alpha
1 week ago
Warning: These REITs Are A Dumpster Fire In 2025
We live in a very challenging environment. Many REITs are facing severe headwinds. Don't buy just anything. Here are some of the worst REITs to buy today.
Positive
Seeking Alpha
1 week ago
SL Green: Management Reiterates Guidance And Hints At An Update With An Upside Bias
SL Green Realty Corp. management affirmed that original guidance remains intact. Management plans to leverage current market uncertainties to their advantage. Funds From Operations exceeded first-quarter expectations.
Neutral
Seeking Alpha
1 week ago
SL Green Realty Corp. (SLG) Q1 2025 Earnings Call Transcript
SL Green Realty Corp. (NYSE:SLG ) Q1 2025 Earnings Conference Call April 17, 2025 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Steve Durels - Executive Vice President, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Matthew DiLiberto - Chief Financial Officer Brett Herschenfeld - Executive Vice President, Retail and Opportunistic Investments Conference Call Participants Alexander Goldfarb - Piper Sandler Nicholas Yulico - Scotiabank Steve Sakwa - Evercore ISI Jana Galan - Bank of America Securities John Kim - BMO Capital Markets Ronald Kamdem - Morgan Stanley Blaine Heck - Wells Fargo Omotayo Okusanya - Deutsche Bank Seth Bergey - Citi Vikram Malhotra - Mizuho Peter Abramowitz - Jefferies Operator Thank you, everyone, for joining us and welcome to SL Green Realty Corp's First Quarter 2025 Earnings Results Conference Call. This conference call is being recorded.
Neutral
GlobeNewsWire
1 week ago
SL Green Realty Corp. Announces Common Stock Dividend
NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share. The dividend is payable in cash on May 15, 2025 to shareholders of record at the close of business on April 30, 2025.
Positive
Zacks Investment Research
1 week ago
SL Green's Q1 FFO & Revenue Beat Estimates, Rental Rates Improve
SLG's Q1 results reflect improved average rental rates on the Manhattan office leases and higher same-store cash NOI.
Positive
Zacks Investment Research
2 weeks ago
SL Green (SLG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 weeks ago
SL Green (SLG) Q1 FFO and Revenues Top Estimates
SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.40 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to FFO of $3.07 per share a year ago.
Neutral
GlobeNewsWire
2 weeks ago
SL Green Realty Corp. Reports First Quarter 2025 EPS of ($0.30) Per Share; and FFO of $1.40 Per Share
Financial and Operating Highlights Net loss attributable to common stockholders of $0.30 per share for the first quarter of 2025 as compared to net income of $0.20 per share for the same period in 2024 . F unds from operations ("FFO") of $1.40 per share for the first quarter of 2025, inclusive of $3.1 million, or $0.04 per share, of negative non-cash fair value adjustments on mark-to-market derivatives.
Positive
Zacks Investment Research
2 weeks ago
SL Green (SLG) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Beyond analysts' top -and-bottom-line estimates for SL Green (SLG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Negative
Seeking Alpha
3 weeks ago
Mousetraps: 9 High-Yield REITS With Potentially Unsafe Dividends
The recent sell-off has increased the temptation to reach for some of the many high-yield REITs, but beware of "mousetrap" REITs with unsustainable dividends. Dividend safety is crucial; a cut can lead to plummeting share prices and reduced income, leaving investors with significant losses. Seeking Alpha Premium's Dividend Safety score helps identify risky REITs; grades range from A+ (safe) to F (high risk of cuts).
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