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SL Green Realty Corp. (SLG)

Real Estate | REIT - Office | New York, United States | NYSE
57.54 USD -0.30 (-0.519%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 57.95 +0.41 (0.713%) ⇧ (Aug. 28, 2026, 7:34 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★⯪☆☆☆Dividends:★☆☆☆☆
Hot Take ↕ | Aug. 22, 2026, 3:31 a.m. EDT

The investment case for SL Green Realty is currently broken by a fatal disconnect between its payout and its earnings power. While the stock trades at a 4.34% yield, the payout ratio of 153.75% reveals that the company is distributing capital it has not earned, burning through reserves to maintain income. This is not a value opportunity; it is a distress signal. The business is suffering from a structural decline in the office sector, evidenced by a nearly 54% drop in share price over the last nine years and negative earnings per share. Although recent headlines highlight a beat in Funds From Operations (FFO) and new leasing deals, these operational wins are insufficient to reverse the multi-year downtrend or cover the massive debt load relative to equity. The market has correctly priced this as a deteriorating asset. The options chain confirms this pessimism, with heavy speculative positioning in deep out-of-the-money puts, indicating a fear of further collapse rather than a belief in a recovery. Until the payout ratio is normalized and the balance sheet is strengthened, the long-term outlook remains severely bearish.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.051555
AutoARIMA0.051555
MSTL0.052306
AutoTheta0.063324

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 42%
H-stat 10.02
Ljung-Box p 0.000
Jarque-Bera p 0.316
Excess Kurtosis -1.09
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 142.556
Revenue per Share 14.143
Market Cap 4,414,942,208
Forward P/E -45.11
Beta 1.59
Profit Margins -16.72%
Website https://www.slgreen.com

As of Aug. 22, 2026, 3:31 a.m. EDT: Speculators are positioning for significant volatility and a potential crash rather than a rally. Deep out-of-the-money put walls exist at strikes far below current prices (e.g., $20-$40 range), while call interest is concentrated near the money or slightly out-of-the-money. This distribution suggests a 'crash' thesis where investors are betting on a severe re-rating of the asset class or the company's specific fundamentals, rather than a momentum play.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.19% 4.80% 5.51% 7.21%
Dividend History
Date Dividend Yield %
2026-06-30 0.618000 1.193742
2026-03-31 0.618000 1.672983
2025-11-28 0.258000 0.547422
2025-10-31 0.258000 0.502434
2025-09-30 0.258000 0.431366
2025-08-29 0.258000 0.453507
2025-07-31 0.258000 0.450655
2025-06-30 0.258000 0.416801
2025-05-30 0.258000 0.454465
2025-04-30 0.258000 0.490401
2025-03-31 0.258000 0.447140
2025-02-28 0.258000 0.399752
2025-01-31 0.258000 0.382846
2024-12-31 0.258000 0.379859
2024-11-29 0.250000 0.319734
2024-10-31 0.250000 0.330644
2024-09-30 0.250000 0.359144
2024-08-30 0.250000 0.375150
2024-07-31 0.250000 0.375150
2024-06-28 0.250000 0.441384
2024-05-31 0.250000 0.471965
2024-04-29 0.250000 0.484872
2024-03-27 0.250000 0.465203
2024-02-28 0.250000 0.543596
2024-01-30 0.250000 0.531802
2023-12-28 0.250000 0.532935
2023-11-29 0.271000 0.729279
2023-10-30 0.271000 0.913381
2023-09-28 0.271000 0.736814
2023-08-30 0.271000 0.703348
2023-07-28 0.271000 0.728886
2023-06-29 0.271000 0.938366
2023-05-30 0.271000 1.181858
2023-04-27 0.271000 1.163589
2023-03-30 0.271000 1.203375
2023-02-27 0.271000 0.780305
2023-01-30 0.271000 0.689743
2022-12-29 0.271000 0.802725
2022-11-29 0.311000 0.747237
2022-10-28 0.311000 0.789942
2022-09-29 0.311000 0.794381
2022-08-30 0.311000 0.705375
2022-07-28 0.311000 0.630065
2022-06-29 0.311000 0.659597
2022-05-27 0.311000 0.496646
2022-04-28 0.311000 0.428493
2022-03-30 0.311000 0.379871
2022-02-25 0.311000 0.387298
2022-01-28 0.311000 0.432124
2021-12-14 2.835052 3.871604
2021-11-29 0.312371 0.430092
2021-10-28 0.312371 0.430887
2021-09-29 0.312371 0.420950
2021-08-30 0.312371 0.434159
2021-07-29 0.312371 0.400582
2021-06-29 0.312371 0.376304
2021-05-27 0.312371 0.386184
2021-04-29 0.312371 0.403946
2021-03-30 0.312371 0.419726
2021-02-25 0.312371 0.449155
2021-01-28 0.312371 0.449221
2020-12-14 2.123435 3.427592
2020-11-27 0.313207 0.487201
2020-10-29 0.313207 0.708284
2020-09-29 0.313207 0.634000
2020-08-28 0.313207 0.603149
2020-07-30 0.313207 0.623547
2020-06-29 0.313207 0.589058
2020-05-28 0.313207 0.671829
2020-04-29 0.313207 0.540987
2020-03-30 0.313207 0.640192
2019-12-31 0.939620 0.963213
2019-09-27 0.902460 1.039247
2019-06-27 0.902460 1.067973
2019-03-28 0.902460 0.946548
2018-12-31 0.902460 1.074861
2018-09-27 0.863176 0.843536
2018-06-28 0.863176 0.806547
2018-03-29 0.863176 0.839615
2017-12-29 0.863176 0.805508
2017-09-29 0.822831 0.764903
2017-06-28 0.822831 0.733068
2017-03-29 0.822831 0.740776
2016-12-29 0.822831 0.737393
2016-09-28 0.764437 0.652233
2016-06-28 0.764437 0.720505
2016-03-29 0.764437 0.748130
2015-12-30 0.764437 0.631413
2015-09-28 0.637031 0.557414
2015-06-26 0.637031 0.537057
2015-03-27 0.637031 0.469704
2014-12-30 0.637031 0.493868
2014-09-26 0.530859 0.487187
2014-06-26 0.530859 0.458716
2014-03-27 0.530859 0.506534
2013-12-27 0.530859 0.543183
2013-09-26 0.350367 0.371454
2013-06-27 0.350367 0.371789
2013-03-27 0.350367 0.382964
2012-12-28 0.350367 0.436335
2012-09-26 0.265429 0.315298
2012-06-28 0.265429 0.323624
2012-03-28 0.265429 0.322663
2011-12-28 0.265429 0.383788
2011-09-28 0.106172 0.164745
2011-06-28 0.106172 0.121301
2011-03-29 0.106172 0.136668
2010-12-30 0.106172 0.147995
2010-09-28 0.106172 0.159414
2010-06-28 0.106172 0.170300
2010-03-29 0.106172 0.178190
2009-12-30 0.106172 0.193874
2009-09-28 0.106172 0.228624
2009-06-26 0.106172 0.445634
2009-03-27 0.398144 3.051260
2008-12-30 0.398144 1.501200
2008-09-26 0.836634 1.122828
2008-06-26 0.836634 0.941121
2008-03-27 0.836634 0.952612
2007-12-27 0.836634 0.833775
2007-09-26 0.743202 0.624888
2007-06-27 0.743202 0.552094
2007-03-28 0.743202 0.525446
2006-12-27 0.743202 0.539624
2006-09-27 0.637031 0.532151
2006-06-28 0.637031 0.579431
2006-03-29 0.637031 0.582129
2005-12-28 0.637031 0.792603
2005-09-28 0.573328 0.824176
2005-06-28 0.573328 0.846661
2005-03-29 0.573328 0.967223
2004-12-29 0.573328 0.910625
2004-09-28 0.530859 0.986194
2004-06-28 0.530859 1.068605
2004-03-29 0.530859 1.052632
2003-12-29 0.530859 1.221002
2003-09-26 0.493699 1.299973
2003-06-26 0.493699 1.321024
2003-03-27 0.493699 1.487049
2002-12-27 0.493699 1.469195
2002-09-26 0.470341 1.388715
2002-06-26 0.470341 1.258523
2002-03-26 0.470341 1.324365
2001-12-27 0.472464 1.442462
2001-09-26 0.411946 1.295491
2001-06-27 0.411946 1.315253
2001-03-28 0.411946 1.442378
2000-12-27 0.411946 1.349564
2000-09-27 0.385404 1.279297
2000-06-28 0.385404 1.369813
2000-03-29 0.385404 1.485424
1999-12-29 0.385404 1.683480
1999-09-28 0.371601 1.794871
1999-06-28 0.371601 1.723076
1999-03-29 0.371601 1.937715
1998-12-29 0.371601 1.686746
1998-09-28 0.371601 1.744547
1998-06-26 0.371601 1.586401
1998-03-27 0.371601 1.369192
1997-12-26 0.371601 1.339712
1997-11-13 0.169875 0.635236
Additional Data
dividendRate 2.47
dividendYield 4.27
exDividendDate 2026-06-30
trailingAnnualDividendRate 3.318
trailingAnnualDividendYield 0.057365146
lastDividendValue 0.618
lastDividendDate 2026-06-30
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change 0.018948078
Address1 One Vanderbilt Avenue
All Time High 168.66446
All Time Low 8.228312
Ask 58.5
Ask Size 400
Audit Risk 4
Average Analyst Rating 2.5 - Hold
Average Daily Volume10 Day 791,690
Average Daily Volume3 Month 1,059,739
Average Volume 1,059,739
Average Volume10Days 791,690
Beta 1.593
Bid 57.79
Bid Size 300
Board Risk 5
Book Value 45.103
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 9
Country United States
Crypto Tradeable 0
Currency USD
Current Price 57.54
Current Ratio 2.466
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 58.72
Day Low 57.525
Debt To Equity 142.556
Display Name SL Green Realty
Dividend Date 1,784,073,600
Dividend Rate 2.47
Dividend Yield 4.27
Earnings Call Timestamp End 1,784,829,600
Earnings Call Timestamp Start 1,784,829,600
Earnings Timestamp 1,784,750,400
Earnings Timestamp End 1,792,612,800
Earnings Timestamp Start 1,792,612,800
Ebitda 355,668,992
Ebitda Margins 0.35638002
Enterprise To Ebitda 32.062
Enterprise To Revenue 11.426
Enterprise Value 11,403,493,376
Eps Current Year -1.74699
Eps Forward -1.27547
Eps Trailing Twelve Months -2.7
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 216 1790
Fifty Day Average 53.4898
Fifty Day Average Change 4.0502014
Fifty Day Average Change Percent 0.07571913
Fifty Two Week Change Percent 1.8948078
Fifty Two Week High 66.29
Fifty Two Week High Change -8.75
Fifty Two Week High Change Percent -0.13199577
Fifty Two Week Low 34.77
Fifty Two Week Low Change 22.77
Fifty Two Week Low Change Percent 0.6548749
Fifty Two Week Range 34.77 - 66.29
Financial Currency USD
First Trade Date Milliseconds 871,651,800,000
Five Year Avg Dividend Yield 6.92
Float Shares 70,663,572
Forward Eps -1.27547
Forward P E -45.11278
Free Cashflow 581,023,296
Full Exchange Name NYSE
Full Time Employees 1,289
Fullday Change -0.299999
Fullday Change Percent -0.518671
Fullday Price 57.95
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.44757998
Gross Profits 446,684,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00241
Held Percent Institutions 1.04657
Implied Shares Outstanding 76,728,225
Industry REIT - Office
Industry Disp REIT - Office
Industry Key reit-office
Ir Website http://investor.shareholder.com/slg/index.cfm
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.618
Last Fiscal Year End 1,767,139,200
Last Split Date 1,642,982,400
Last Split Factor 97:100
Long Business Summary SL 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 the value of Manhattan commercial properties. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 4 buildings totaling 0.9 million square feet owned by third parties. SL Green Realty Corp. was incorporated in 1980 in Maryland and is based in New York.
Long Name SL Green Realty Corp.
Market us_market
Market Cap 4,414,942,208
Market State CLOSED
Max Age 86,400
Message Board Id finmb_364744
Most Recent Quarter 1,782,777,600
Net Income To Common -192,099,008
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,097,958,620
Number Of Analyst Opinions 17
Open 58.05
Operating Cashflow 92,152,000
Operating Margins 0.18843001
Overall Risk 6
Payout Ratio 153.75
Peg Ratio 1.3
Phone 212 594 2700
Post Market Change 0.40999985
Post Market Change Percent 0.71254754
Post Market Price 57.95
Post Market Time 1,787,960,064
Previous Close 57.84
Price Eps Current Year -32.936653
Price Hint 2
Price To Book 1.2757466
Price To Sales Trailing12 Months 4.423812
Profit Margins -0.16719
Quick Ratio 0.654
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.52941
Region US
Regular Market Change -0.299999
Regular Market Change Percent -0.518671
Regular Market Day High 58.72
Regular Market Day Low 57.525
Regular Market Day Range 57.525 - 58.72
Regular Market Open 58.05
Regular Market Previous Close 57.84
Regular Market Price 57.54
Regular Market Time 1,787,947,202
Regular Market Volume 449,212
Return On Assets 0.00452
Return On Equity -0.03573
Revenue Growth 0.273
Revenue Per Share 14.143
Sand P52 Week Change 0.20204377
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 6
Shares Outstanding 70,849,907
Shares Percent Shares Out 0.1659
Shares Short 11,751,739
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 10,426,634
Short Name SL Green Realty Corp
Short Percent Of Float 0.2468
Short Ratio 11.31
Source Interval 15
State NY
Symbol SLG
Target High Price 79.0
Target Low Price 43.0
Target Mean Price 57.23529
Target Median Price 59.0
Total Cash 193,718,000
Total Cash Per Share 2.734
Total Debt 6,298,141,184
Total Revenue 997,995,008
Tradeable 0
Trailing Annual Dividend Rate 3.318
Trailing Annual Dividend Yield 0.057365146
Trailing Eps -2.7
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 45.8242
Two Hundred Day Average Change 11.715801
Two Hundred Day Average Change Percent 0.25566843
Type Disp Equity
Volume 449,212
Website https://www.slgreen.com
Zip 10,017