SL Green Realty (SLG) & Its Peers Financial Review

SL Green Realty (NYSE:SLG) is one of 59 publicly-traded companies in the “Office REITs” industry, but how does it contrast to its rivals? We will compare SL Green Realty to similar businesses based on the strength of its earnings, risk, institutional ownership, profitability, dividends, analyst recommendations and valuation.

Profitability

This table compares SL Green Realty and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SL Green Realty	-12.03%	-3.18%	-1.11%
SL Green Realty Competitors	-17.72%	-7.46%	-0.23%

Earnings & Valuation

This table compares SL Green Realty and its rivals top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
SL Green Realty	$1.00 billion	-$88.28 million	-26.19
SL Green Realty Competitors	$530.97 million	-$49.56 million	15.76

SL Green Realty has higher revenue, but lower earnings than its rivals. SL Green Realty is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a breakdown of recent ratings for SL Green Realty and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SL Green Realty	2	9	6	0	2.24
SL Green Realty Competitors	944	2832	2691	25	2.28

SL Green Realty currently has a consensus price target of $54.35, suggesting a potential upside of 0.75%. As a group, “Office REITs” companies have a potential upside of 2.41%. Given SL Green Realty’s rivals stronger consensus rating and higher probable upside, analysts plainly believe SL Green Realty has less favorable growth aspects than its rivals.

Volatility & Risk

SL Green Realty has a beta of 1.71, meaning that its share price is 71% more volatile than the S&P 500. Comparatively, SL Green Realty’s rivals have a beta of 1.02, meaning that their average share price is 2% more volatile than the S&P 500.

Dividends

SL Green Realty pays an annual dividend of $2.47 per share and has a dividend yield of 4.6%. SL Green Realty pays out -119.9% of its earnings in the form of a dividend. As a group, “Office REITs” companies pay a dividend yield of 4.9% and pay out -4.5% of their earnings in the form of a dividend. SL Green Realty has raised its dividend for 1 consecutive years.

Insider and Institutional Ownership

90.0% of SL Green Realty shares are owned by institutional investors. Comparatively, 61.4% of shares of all “Office REITs” companies are owned by institutional investors. 5.9% of SL Green Realty shares are owned by insiders. Comparatively, 8.7% of shares of all “Office REITs” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

SL Green Realty rivals beat SL Green Realty on 9 of the 15 factors compared.

SL Green Realty Company Profile

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet. This included ownership interests in 26.3 million square feet of Manhattan buildings and 7.2 million square feet securing debt and preferred equity investments.