SL Green Realty (SLG)
Owns and develops Manhattan offices, operates SUMMIT, and finances real estate.
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Owns, operates, develops and finances Manhattan-centered commercial real estate, collecting office rent, SUMMIT ticket revenue, and income from debt and preferred-equity investments. An integrated operating platform uses joint ventures and capital recycling, while performance depends on New York office demand and financing markets.
Owns, manages, develops, repositions and finances commercial real estate concentrated in Manhattan, with office leasing at the core. SUMMIT One Vanderbilt adds ticket revenue from an immersive observation experience, while debt and preferred-equity investments, including an opportunistic debt fund, generate interest and fee income.
Combines in-house leasing, property management, construction, development, acquisitions, dispositions and financing. Joint ventures support large projects and allow ownership stakes to be recycled while management or development roles are retained.
Results depend on Manhattan tenant demand and lease economics, visitor demand at SUMMIT, and access to property and corporate financing. The REIT structure requires distributing most taxable income to shareholders.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $50 | Target: $60 |
| Sep 17, 2026 | Scotiabank | Reiterate | Rating: —Target: $60 | Target: $59 |
| Sep 8, 2026 | Mizuho Securities | Target | Target: $46 | Target: $53 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $63 | Target: $56.50 |
| Aug 24, 2026 | Truist Financial | Target | Target: $44 | Target: $57 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $202.1M · Total debt $5.17B · Total assets $11.81B · Shareholders' equity $3.42B
- Revenue
- $264.0M
- Operating income
- $198.8M
- Net income
- −$26.5M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 101.24% | 72.03M shares | |
|---|---|---|---|
| 376 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.21% | 148.7K shares | |
| 5 holders · as of Aug 24, 2026 | |||
| Adds to | 101.45% | ||
71.15M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.45%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 19.19% | 13.65M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.23% | 7.28M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 8.76% | 6.23M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.72% | 4.07M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.50% | 3.20M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Harrison Sitomer | officer: PRESIDENT & CIO | −23,113 | $57.71 |
| Aug 20, 2026 | Harrison Sitomer | officer: PRESIDENT & CIO | −16,887 | $58.52 |
| Mar 30, 2026 | Carol N. Brown | director | −5,004 | $36.33 |
| Dec 23, 2025 | Marc Holliday | director, officer: PRESIDENT & CEO | −22,223 | $44.40 |
| Dec 22, 2025 | Andrew S. Levine | officer: CHIEF LEGAL OFFICER & GC | −1,493 | $45.27 |
- Vornado Realty Trust
Direct Manhattan office and redevelopment rival
- BXP
Premier-workplace scale across New York and other gateways
- Empire State Realty Trust
NYC office peer with a directly comparable observatory line
- Brookfield
Global real estate parent behind major Manhattan office assets
- Alexander's
Small NYC REIT with concentrated office and retail overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SL Green Realty | $52.24 | −1.32% | $3.77B | — | — | 3.6 | +16.5% |
| Vornado Realty Trust | $35.32 | −0.73% | $6.69B | 1,074.9 | — | 3.7 | +4.7% |
| BXP | $63.60 | −0.83% | $10.23B | 34.5 | 31.0 | 2.9 | +3.1% |
| Empire State Realty Trust | $4.11 | −0.85% | $709.8M | — | — | 0.9 | +3.0% |
| Brookfield | $38.13 | +0.39% | $84.83B | 68.1 | 12.0 | 1.1 | +9.3% |
| Alexander's | $248.45 | +0.42% | $1.26B | 7.5 | 22.8 | 5.9 | +6.1% |
| Median | 51.3 | 22.8 | 2.9 | +4.7% |