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92.07 (1y: +23%)
Market Cap 8.63 B P/E(ttm) 55.70
Enterprise Value 15.51 B P/B 1.31
SLG- NYSE (USA)
SL Green Realty Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$92.07
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.032
SLG's Cash to Debt is ranked lower than
57% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 0.06 vs. SLG: 0.032 )
SLG' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.13
Current: 0.03
0.01
0.13
Equity to Asset 0.446
SLG's Equity to Asset is ranked higher than
50% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 0.45 vs. SLG: 0.446 )
SLG' s 10-Year Equity to Asset Range
Min: 0.34   Max: 0.52
Current: 0.45
0.34
0.52
Interest Coverage 0.4
SLG's Interest Coverage is ranked lower than
84% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 2.05 vs. SLG: 0.4 )
SLG' s 10-Year Interest Coverage Range
Min: 0   Max: 3
Current: 0.4
0
3
F-Score: 5
Z-Score: 0.9
M-Score: -1.96
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 5.90
SLG's Operating margin (%) is ranked lower than
80% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 29.40 vs. SLG: 5.90 )
SLG' s 10-Year Operating margin (%) Range
Min: -7.5   Max: 39.1
Current: 5.9
-7.5
39.1
Net-margin (%) 14
SLG's Net-margin (%) is ranked lower than
64% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 16.30 vs. SLG: 14 )
SLG' s 10-Year Net-margin (%) Range
Min: 5.7   Max: 62.6
Current: 14
5.7
62.6
ROE (%) 3.1
SLG's ROE (%) is ranked lower than
67% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 4.40 vs. SLG: 3.1 )
SLG' s 10-Year ROE (%) Range
Min: 1.3   Max: 18.9
Current: 3.1
1.3
18.9
ROA (%) 1.4
SLG's ROA (%) is ranked lower than
64% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 2.00 vs. SLG: 1.4 )
SLG' s 10-Year ROA (%) Range
Min: 0.5   Max: 7.6
Current: 1.4
0.5
7.6
ROC (Joel Greenblatt) (%) 0.80
SLG's ROC (Joel Greenblatt) (%) is ranked lower than
64% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 4.00 vs. SLG: 0.80 )
SLG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -0.8   Max: 11
Current: 0.8
-0.8
11
Revenue Growth (%) 1.8
SLG's Revenue Growth (%) is ranked higher than
63% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: -4.95 vs. SLG: 1.8 )
SLG' s 10-Year Revenue Growth (%) Range
Min: -5.6   Max: 20.4
Current: 1.8
-5.6
20.4
EBITDA Growth (%) 20.6
SLG's EBITDA Growth (%) is ranked higher than
92% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: -4.20 vs. SLG: 20.6 )
SLG' s 10-Year EBITDA Growth (%) Range
Min: -20.3   Max: 23.4
Current: 20.6
-20.3
23.4
EPS Growth (%) 34
SLG's EPS Growth (%) is ranked higher than
81% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: -3.90 vs. SLG: 34 )
SLG' s 10-Year EPS Growth (%) Range
Min: -40.7   Max: 34
Current: 34
-40.7
34
ยป SLG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

SLG Guru Trades in Q2 2012

Chris Davis 146,317 sh (+2.39%)
Ron Baron 757,134 sh (+0.02%)
Jeremy Grantham 4,023 sh (unchged)
Ken Heebner 1,450,000 sh (unchged)
Steven Cohen 21,600 sh (-34.13%)
» More
Q3 2012

SLG Guru Trades in Q3 2012

Louis Moore Bacon 10,000 sh (New)
Ron Baron 757,834 sh (+0.09%)
Chris Davis 146,411 sh (+0.06%)
Ken Heebner 1,450,000 sh (unchged)
Jeremy Grantham 2,623 sh (-34.8%)
Steven Cohen 63 sh (-99.71%)
» More
Q4 2012

SLG Guru Trades in Q4 2012

Jim Simons 90,040 sh (New)
Steven Cohen 3,572 sh (+5569.84%)
Chris Davis 157,592 sh (+7.64%)
Ron Baron 760,600 sh (+0.36%)
Louis Moore Bacon Sold Out
Ken Heebner Sold Out
» More
Q1 2013

SLG Guru Trades in Q1 2013

Steven Cohen 5,444 sh (+52.41%)
Ron Baron 794,600 sh (+4.47%)
Chris Davis 157,821 sh (+0.15%)
Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with SLG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2012-03-31 Sold Out 0.01%$68.16 - $79.27 $ 92.0731%0
John Paulson 2011-12-31 Sold Out 0.23%$55.14 - $71.13 $ 92.0742%0
Ray Dalio 2011-12-31 New Buy0.01%$55.14 - $71.13 $ 92.0742%5138
John Paulson 2011-09-30 Reduce -41.43%0.17%$59.95 - $87.54 $ 92.0724%820000
John Paulson 2011-03-31 New Buy0.31%$67.05 - $75.73 $ 92.0728%1400000
Tom Gayner 2010-03-31 Sold Out 0.16%$44.18 - $57.6 $ 92.0782%0
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 55.70
SLG's P/E(ttm) is ranked lower than
63% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 26.15 vs. SLG: 55.70 )
SLG' s 10-Year P/E(ttm) Range
Min: 1.57   Max: 268.83
Current: 55.7
1.57
268.83
P/B 1.31
SLG's P/B is ranked higher than
53% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. SLG: 1.31 )
SLG' s 10-Year P/B Range
Min: 0.13   Max: 3.69
Current: 1.31
0.13
3.69
P/S 6.04
SLG's P/S is ranked higher than
58% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 6.20 vs. SLG: 6.04 )
SLG' s 10-Year P/S Range
Min: 0.47   Max: 13.29
Current: 6.04
0.47
13.29
EV-to-EBIT 151.51
SLG's EV-to-EBIT is ranked higher than
97% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 28.60 vs. SLG: 151.51 )
SLG' s 10-Year EV-to-EBIT Range
Min: 13.6   Max: 1681.5
Current: 151.51
13.6
1681.5
PEG 3.95
SLG's PEG is ranked lower than
63% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 2.00 vs. SLG: 3.95 )
SLG' s 10-Year PEG Range
Min: 0.08   Max: 20.55
Current: 3.95
0.08
20.55
Shiller P/E 18.14
SLG's Shiller P/E is ranked higher than
73% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 10.60 vs. SLG: 18.14 )
SLG' s 10-Year Shiller P/E Range
Min: 1.57   Max: 45.65
Current: 18.14
1.57
45.65

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.26
SLG's Dividend Yield is ranked lower than
85% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 4.40 vs. SLG: 1.26 )
SLG' s 10-Year Dividend Yield Range
Min: 0.45   Max: 27.75
Current: 1.26
0.45
27.75
Dividend Payout 0.6
SLG's Dividend Payout is ranked higher than
79% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 1.24 vs. SLG: 0.6 )
SLG' s 10-Year Dividend Payout Range
Min: 0.07   Max: 0.91
Current: 0.6
0.07
0.91
Dividend growth (3y) 12.5
SLG's Dividend growth (3y) is ranked higher than
52% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: -8.45 vs. SLG: 12.5 )
SLG' s 10-Year Dividend growth (3y) Range
Min: -39   Max: 12.5
Current: 12.5
-39
12.5
Yield on cost (5-Year) 0.43
SLG's Yield on cost (5-Year) is ranked lower than
88% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 4.00 vs. SLG: 0.43 )
SLG' s 10-Year Yield on cost (5-Year) Range
Min: 0.16   Max: 9.86
Current: 0.43
0.16
9.86
Share Buyback Rate -6.6
SLG's Share Buyback Rate is ranked higher than
54% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: -7.50 vs. SLG: -6.6 )
SLG' s 10-Year Share Buyback Rate Range
Min: -4.8   Max: -10.4
Current: -6.6

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1.3
SLG's Price/Tangible Book is ranked lower than
54% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. SLG: 1.3 )
SLG' s 10-Year Price/Tangible Book Range
Min: 0.4   Max: 2.7
Current: 1.3
0.4
2.7
Price/Median PS Value 1.2
SLG's Price/Median PS Value is ranked higher than
55% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 1.10 vs. SLG: 1.2 )
SLG' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 2.3
Current: 1.2
0.3
2.3
Price/Graham Number 1.5
SLG's Price/Graham Number is ranked higher than
76% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 1.30 vs. SLG: 1.5 )
SLG' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 2.5
Current: 1.5
0.6
2.5
Earnings Yield (Greenblatt) 0.70
SLG's Earnings Yield (Greenblatt) is ranked lower than
82% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: 2.60 vs. SLG: 0.70 )
SLG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 7.3
Current: 0.7
0.1
7.3
Forward Rate of Return (Yacktman) 13.28
SLG's Forward Rate of Return (Yacktman) is ranked higher than
51% of the 249 Companies
in the Global REIT - Office industry.

( Industry Median: -7.64 vs. SLG: 13.28 )
SLG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -142.3   Max: 16.4
Current: 13.28
-142.3
16.4

Business Description

SL Green Realty Corporation was formed in June 1997, for the purpose of continuing the commercial real estate business of S.L. Green Properties, Inc., a predecessor entity, S.L. Green Properties, Inc., had been engaged in the business of owning, managing, leasing, acquiring and repositioning office properties in Manhattan, a borough of New York City, or Manhattan. It completed its initial public offering in August 1997. It is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions, financing, development, construction and leasing. In December, 2009, the Company's Manhattan properties were comprised of fee ownership in 27 properties, including ownership in condominium units, leasehold ownership in five properties and operating sublease ownership in two properties. The Company's Suburban properties were comprised of fee ownership in 30 properties, and leasehold ownership in one property. It also owns investments in nine retail properties encompassing approximately 349,282 square feet, seven development properties encompassing approximately 1,395,838 square feet and three land interests. In addition, the Company manages three office properties owned by third parties and affiliated companies encompassing approximately 0.9 million rentable square feet. The Company acquires properties for long term appreciation and earnings growth 'core assets' or for shorter term holding periods where it attempts to create significant increases in value which, when sold, results in capital gains that increase its investment capital base non-core assets. It seeks to invest in high-yield structured finance investments. The leasing of real estate is highly competitive, especially in the Manhattan office market. The Company competes for tenants with landlords and developers of similar properties located in its markets mainly on the basis of location, rent charged, services provided, balance sheet strength and the design and condition of its properties. The Company's properties are in compliance in all material respects with applicable Federal, state and local ordinances and regulations regarding environmental issues.
Company Website
SEC Reports
Industry: REIT - Office
Compare:ARE, HIW, PKY, SIR, PDM
ยป More Articles for SLG

Headlines

Articles On GuruFocus.com
Boston Properties Providing Steady Returns from Class A Offices Mar 07 2012 
Weekly CEO Sells Highlight: Cheniere Energy Inc, Abercrombie & Fitch Co, Aetna Inc. and SL Green Rea Jan 01 2012 
The 10 Dividend Stocks John Paulson Just Started Buying: HPQ, WY, FDO, SNI, SLG Jun 18 2011 
SL Green Realty Corp. Reports Operating Results (10-K) Feb 28 2011 
SL Green Realty Corp. (SLG) Chairman Stephen L Green sells 15,189 Shares Feb 10 2011 
SL Green Realty Corp. (SLG) COO & CFO Gregory F Hughes sells 45,000 Shares May 14 2010 
SL Green Realty Corp. (SLG) Chairman Stephen L Green sells 150,000 Shares May 12 2010 
SL Green Realty Corp. (SLG) COO & CFO Gregory F Hughes sells 50,000 Shares Mar 23 2010 
SL Green Realty Corp. (SLG) COO & CFO Gregory F Hughes sells 50,000 Shares Feb 26 2010 
SL Green Realty Corp. Reports Operating Results (10-K) Feb 16 2010 

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