SL Green RealtyMEX:SLG 52 Gross Margin % is 43.03% as of Mar. 2026, which is 28% below its 10-year median of 60.00. GuruFocus rates MEX:SLG with a GF Score™ of 52/100 and a GF Value™ of MXN713.08 (Fairly Valued). The stock has 11 warning signs investors should review. Among 680 REITs companies, SL Green Realty ranks worse than 88.82% on this metric.
SL Green Realty Corp gross margin has been in long-term decline. The average rate of decline per year is -6.8%.
The historical rank and industry rank for SL Green Realty's Gross Margin % or its related term are showing as below:
MEX:SLG'
s Gross Margin % Range Over the Past 10 Years
Min: 43.46 Med: 60 Max: 68.11
Current: 43.46
During the past 13 years, the highestGross Margin % of SL Green Realty was 68.11%. The lowest was 43.46%. And the median was 60.00%.
MEX:SLG's Gross Margin % is ranked worse than 88.82% of 680
companies
in the REITs industry
Industry Median: 69.705
vs MEX:SLG: 43.46
SL Green Realty had a gross margin of 43.03% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SL Green Realty was -6.80% per year.
SL Green Realty (MEX:SLG) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SL Green Realty had a gross margin of 43.03% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
SL Green Realty Gross Margin % Related Terms
SL Green Realty Gross Margin % Historical Data
* Premium members only.
The historical data trend for SL Green Realty's Gross Margin % 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.
MEX:SLG vs HIW, CDP, KRC: Gross Margin % Comparison
For the REIT - Office subindustry, SL Green Realty's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, SL Green Realty's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SL Green Realty's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SL Green Realty (MEX:SLG) has a Gross Margin % of 43.03% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SL Green Realty and its competitors. This is 28% below median its historical median of 60.00. Over the past decade, SL Green Realty's Gross Margin % has ranged from 43.46 to 68.11. According to the industry distribution chart, SL Green Realty ranks #604 out of 680 companies in the REITs industry, placing it in the top 88.8%.
Is SL Green Realty's Gross Margin % too high?
SL Green Realty's current Gross Margin % of 43.03% is 28% below median its 10-year median of 60.00. Over the past 10 years, this metric has ranged from a low of 43.46 to a high of 68.11. The REITs industry median Gross Margin % is 69.71. SL Green Realty's value of 43.03% is 38.3% below this industry median. Based on the distribution chart, SL Green Realty ranks #604 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, SL Green Realty has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SL Green Realty's Gross Margin % compare to HIW and CDP?
According to the REITs industry distribution chart, SL Green Realty ranks #604 out of 680 companies for Gross Margin %. This places SL Green Realty in the lower half of its industry. The industry median Gross Margin % is 69.71. SL Green Realty's value of 43.03% is 38.3% below this benchmark. Historically, SL Green Realty's own Gross Margin % has ranged from 43.46 to 68.11 over the past decade. While the company's 10-year median is 60.00 vs. the industry median of 69.71, SL Green Realty has consistently been below 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SL Green Realty's current Gross Margin % of 43.03% is 38.3% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on SL Green Realty and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SL Green Realty's current Gross Margin % is 43.03%, which is 28% below median its own 10-year median of 60.00. 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 (MEX:SLG) is currently considered Fairly Valued. The stock's GF Value™ is MXN713.08, compared to a current price of MXN743.00 — trading 4.2% above its estimated fair value. The current Gross Margin % is 43.03%, which is 28% below median its 10-year median of 60.00 and 38.3% below the REITs industry median of 69.71. SL Green Realty's overall GF Score™ is 52/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For SL Green Realty (MEX:SLG), the current Gross Margin % is 43.03% 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 (MEX:SLG) Overvalued in 2026?
Based on GuruFocus' analysis, SL Green Realty stock appears to be overvalued.
The current stock price of MXN743.00 is trading 4.2% above its estimated GF Value™ of MXN713.08.
GuruFocus considers SL Green Realty to be Fairly Valued.
Key valuation signals for MEX:SLG:
Gross Margin %: 43.03% (28% below median its 10-year median of 60.00)
GF Value™: MXN713.08 vs. price of MXN743.00 (4.2% above fair value)
Industry Position: 38.3% below the REITs median (#604 of 680)
No single metric tells the full story. See the MEX: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.
52GF Score
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