Financials SL Green Realty Corp. Nyse

Equities

SLG.PRI

US78440X5077

Commercial REITs

Market Closed - Nyse 04:00:02 2024-07-12 pm EDT 5-day change 1st Jan Change
21.62 USD -0.37% Intraday chart for SL Green Realty Corp. +3.54% +2.51%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,361 4,324 4,813 2,169 2,910 4,000 - -
Enterprise Value (EV) 1 12,794 9,173 8,681 7,377 6,079 6,967 6,933 6,940
P/E ratio 29.5 x 12.6 x 11.4 x -22.6 x -4.95 x -108 x -38.6 x -38.8 x
Yield 3.74% 5.94% 4.94% 10.9% 6.64% 4.86% 4.65% 4.53%
Capitalization / Revenue 7.48 x 5.37 x 7.1 x 3.23 x 4.26 x 7.08 x 7.06 x 6.75 x
EV / Revenue 13 x 11.4 x 12.8 x 11 x 8.9 x 12.3 x 12.2 x 11.7 x
EV / EBITDA 18.8 x 16.4 x 22.4 x 18.8 x 18.8 x 24.7 x 27.1 x 30 x
EV / FCF 104 x 95.5 x -187 x -299 x - 11.9 x 16.5 x 16.6 x
FCF Yield 0.97% 1.05% -0.54% -0.33% - 8.38% 6.07% 6.01%
Price to Book 1.51 x 1.01 x 0.99 x 0.47 x 0.82 x 1.2 x 1.3 x 1.41 x
Nbr of stocks (in thousands) 75,528 68,418 65,132 64,316 64,417 64,806 - -
Reference price 2 97.45 63.19 73.89 33.72 45.17 61.72 61.72 61.72
Announcement Date 1/22/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 983.6 804.4 678.2 671.5 683.3 565 566.5 592.9
EBITDA 1 678.8 560.1 387.3 393.3 324.2 282.3 255.9 231
EBIT 1 394.8 246.4 170.5 178 76.35 339 354 386
Operating Margin 40.14% 30.63% 25.14% 26.51% 11.17% 60% 62.49% 65.11%
Earnings before Tax (EBT) 1 204.2 414.8 15.9 16.43 -154 51.6 -119.3 -127.3
Net income 1 255.5 356.1 434.8 -93.02 -579.5 -34.08 -110.2 -70.67
Net margin 25.98% 44.27% 64.11% -13.85% -84.81% -6.03% -19.45% -11.92%
EPS 2 3.299 5.019 6.500 -1.490 -9.120 -0.5741 -1.597 -1.592
Free Cash Flow 1 123.5 96.1 -46.51 -24.68 - 583.5 421.1 416.8
FCF margin 12.56% 11.95% -6.86% -3.68% - 103.27% 74.33% 70.31%
FCF Conversion (EBITDA) 18.19% 17.16% - - - 206.69% 164.53% 180.43%
FCF Conversion (Net income) 48.33% 26.99% - - - - - -
Dividend per Share 2 3.643 3.751 3.647 3.690 3.000 3.000 2.869 2.795
Announcement Date 1/22/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 150.1 156 155.2 163 197.3 195 185.9 151 151.4 141.5 144.1 139.9 134.7 151.2 161.5
EBITDA 1 84.25 83.29 101.1 103.4 105.6 99.66 104.6 62.31 55.79 64.39 91.86 107 99.96 90.83 89.64
EBIT 1 36.91 36.31 54.16 54.92 32.64 21.11 35.48 12.1 6.743 15.8 89.2 82.56 88.89 83.64 -
Operating Margin 24.59% 23.27% 34.89% 33.7% 16.54% 10.82% 19.08% 8.02% 4.46% 11.17% 61.89% 59% 65.98% 55.33% -
Earnings before Tax (EBT) 1 -23.48 19.26 32.73 9.052 -39.9 -36.87 -335.1 -35.06 -55.09 94.24 -25.8 -0.5 -16.3 -27.8 -22.1
Net income 1 -51.27 7.751 -43.88 7.377 -64.28 -39.73 -360.2 -23.97 -155.6 13.14 -7.01 -15.8 -19.74 -31.65 -29.1
Net margin -34.15% 4.97% -28.26% 4.53% -32.58% -20.37% -193.71% -15.87% -102.81% 9.29% -4.86% -11.29% -14.65% -20.94% -18.01%
EPS 2 -0.8200 0.1100 -0.7000 0.1100 -1.010 -0.6300 -5.630 -0.3800 -2.450 0.2000 -0.0539 -0.1626 -0.3410 -0.3600 -
Dividend per Share 2 0.9174 0.9324 0.9320 0.9320 0.8936 0.8124 0.8100 0.8124 0.7500 0.7500 0.7500 0.7500 0.7500 0.7625 0.7650
Announcement Date 1/26/22 4/20/22 7/20/22 10/19/22 1/25/23 4/19/23 7/19/23 10/18/23 1/24/24 4/17/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,433 4,850 3,869 5,209 3,169 2,967 2,933 2,940
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.004 x 8.659 x 9.987 x 13.24 x 9.776 x 10.51 x 11.46 x 12.73 x
Free Cash Flow 1 123 96.1 -46.5 -24.7 - 584 421 417
ROE (net income / shareholders' equity) 4.5% 6.88% 8.99% -1.99% -13.8% -3.05% -2.53% -2.48%
ROA (Net income/ Total Assets) 2% 2.91% 3.82% -0.79% -5.3% -1.04% -1.25% -1.22%
Assets 1 12,759 12,237 11,382 11,711 10,944 3,269 8,813 5,806
Book Value Per Share 2 64.50 62.70 74.30 71.20 55.10 51.50 47.60 43.70
Cash Flow per Share 2 4.610 7.390 3.620 4.060 - 3.220 3.870 4.200
Capex 1 253 458 302 301 260 79.9 122 164
Capex / Sales 25.72% 56.95% 44.6% 44.79% 38% 14.14% 21.52% 27.62%
Announcement Date 1/22/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
61.72 USD
Average target price
46.78 USD
Spread / Average Target
-24.21%
Consensus
  1. Stock Market
  2. Equities
  3. SLG Stock
  4. SLG.PRI Stock
  5. Financials SL Green Realty Corp.