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SL Green RealtySLG -0.35%56 Debt-to-Equity is 1.56 as of Mar. 2026, which is 42% above its 10-year median of 1.10. GuruFocus rates SLG with a GF Score™ of 56/100 and a GF Value™ of $46.64 (Fairly Valued). The stock has 10 warning signs investors should review. Among 689 REITs companies, SL Green Realty ranks worse than 84.76% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for SL Green Realty's Debt-to-Equity or its related term are showing as below:
SLG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.1 Max: 1.56
Current: 1.56
During the past 13 years, the highest Debt-to-Equity Ratio of SL Green Realty was 1.56. The lowest was 0.84. And the median was 1.10.
SLG's Debt-to-Equity is ranked worse than 84.76% of 689
companies
in the REITs industry
Industry Median: 0.78
vs SLG: 1.56
SL Green Realty (NYSE:SLG) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
SL Green Realty Debt-to-Equity Related Terms
SL Green Realty Debt-to-Equity Historical Data
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The historical data trend for SL Green Realty's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Office subindustry, SL Green Realty's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SL Green Realty Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, SL Green Realty's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SL Green Realty's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SL Green Realty (SLG) has a Debt-to-Equity of 1.56 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SL Green Realty and its competitors. This is 42% above median its historical median of 1.10. Over the past decade, SL Green Realty's Debt-to-Equity has ranged from 0.84 to 1.56. According to the industry distribution chart, SL Green Realty ranks #584 out of 689 companies in the REITs industry, placing it in the top 84.8%.
Is SL Green Realty's Debt-to-Equity too high?
SL Green Realty's current Debt-to-Equity of 1.56 is 42% above median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.56. The REITs industry median Debt-to-Equity is 0.78. SL Green Realty's value of 1.56 is 100% above this industry median. Based on the distribution chart, SL Green Realty ranks #584 out of 689 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, SL Green Realty has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SL Green Realty's Debt-to-Equity compare to CDP and HIW?
According to the REITs industry distribution chart, SL Green Realty ranks #584 out of 689 companies for Debt-to-Equity. This places SL Green Realty in the lower half of its industry. The industry median Debt-to-Equity is 0.78. SL Green Realty's value of 1.56 is 100% above this benchmark. Historically, SL Green Realty's own Debt-to-Equity has ranged from 0.84 to 1.56 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 0.78, SL Green Realty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SL Green Realty's current Debt-to-Equity of 1.56 is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SL Green Realty and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SL Green Realty's current Debt-to-Equity is 1.56, which is 42% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SL Green Realty stock overvalued right now?
Based on GuruFocus' analysis, SL Green Realty (SLG) is currently considered Fairly Valued. The stock's GF Value™ is $46.64, compared to a current price of $50.64 — trading 8.6% above its estimated fair value. The current Debt-to-Equity is 1.56, which is 42% above median its 10-year median of 1.10 and 100% above the REITs industry median of 0.78. SL Green Realty's overall GF Score™ is 56/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For SL Green Realty (SLG), the current Debt-to-Equity is 1.56 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SL Green Realty (SLG) Overvalued in 2026?
Based on GuruFocus' analysis, SL Green Realty stock appears to be overvalued.
The current stock price of $50.64 is trading 8.6% above its estimated GF Value™ of $46.64.
GuruFocus considers SL Green Realty to be Fairly Valued.
Key valuation signals for SLG:
Debt-to-Equity: 1.56 (42% above median its 10-year median of 1.10)
GF Value™: $46.64 vs. price of $50.64 (8.6% above fair value)
Industry Position: 100% above the REITs median (#584 of 689)
No single metric tells the full story. See the SLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 31.4 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.
56GF Score
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