SL Green Realty (SLG)
NYSEReal EstateReit - OfficeSnapshot 2026-10-29
$50.93+3.96%
Close 2026-10-29 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-10-29
Research Workspace
Put SLG beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Office REITs is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income improvement: Operating income: $32.3M.
View ThesisRevenue growth is slowing — up about 8% over the past year and decelerating.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 33%, softest on free-cash-flow margins.
View QualityManagement screens weak on earnings delivery, the balance sheet.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskSLG’s case rests on stronger Manhattan office leasing and mark-to-market rents, despite modest revenue growth. Revenue grew 9.2% year over year in Q2 FY2026; Q3 reported GAAP EPS of $1.01. SLG trades at 37× P/FFO (price relative to funds from operations), versus peers at 12×. The market is pricing in more growth than our forecast, so expectations look full. Our model puts the next-quarter miss probability near 39%. Operating income improvement is under pressure, with operating income at $32.3M. Peer multiples imply a price about 42% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-29. SLG is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 18 analysts currently covering SLG (as of Oct 2026).
Based on 9 Wall Street analysts offering 12-month price targets for SLG in the last 4 months.
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Compare SLG with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| SLG Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 7 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Office REITs — fair value, gap to price, and forward P/E.
Compare the value case
Put SLG next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Increase Manhattan same-store office occupancy to 95.0%
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $50.93
The last 12 months of price, then the range of analyst 12-month targets from today’s $50.93.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
2027 cash NOI target signals operating growth, though Summit Paris is outside Manhattan occupancy.
Manage capital allocation through acquisitions, sales, and refinancing
Refinancing advances capital management, but the headline alone does not establish improved terms or reduced risk.
Advances: Increase Manhattan office leasing activity and mark-to-market rents
Leasing surge directly supports increased leasing activity objective.
Advances: Increase Funds From Operations (FFO) guidance for 2026
Positive FFO outlook supports growth objectives.
Threatens: Manage capital allocation through acquisitions, sales, and refinancing
Foreclosure impacts capital allocation and management strategy.
Advances: Increase Manhattan office leasing activity and mark-to-market rents
Increased leasing activity supports occupancy and rent objectives.
Threatens: Increase Manhattan same-store office occupancy to 95.0%
Halting construction impacts office occupancy goals.
Advances: Increase Manhattan same-store office occupancy to 95.0%
Increases occupancy towards 95% target.
