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SLG
ACCE-researched

SL Green Realty Corp Common Stock (SLG) fair value

Real Estate · REIT - Office · NYSE · United States
$50.14+1.93%
Market cap $3.8BNext earnings 2026-10-21Updated Oct 23, 2026
Our verdict
Trades 102% above our fair value
Price
$50.14
Model fair valueConfidence: medium
$24.83
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a REIT (property company): Price to FFO.
ACCE opinionSL Green Realty Corp Common Stock (SLG)
Fair value (2 models)
Not available
ACCE price target
$40.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 01:52 CEST; previously $58.00 since 28 Sept 2026, 00:00 CEST.
Price used: $50.14 at the close on 23 Oct 2026, 22:00 CEST.
Models: Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
46
out of 100
Analysts
41% buy
17 covering
P/E
0.0x
forward 67.1x
1-year return
-3.1%
Dividend yield
0.00%

SL Green Realty Corp Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

SL Green is a Manhattan office landlord that also owns retail and residential assets and runs a debt and structured finance book. Concentration in the most sought-after submarkets near transit is the advantage in a weak office market. The catalyst is rising occupancy and rents as return-to-office continues. Revenue grew 27.3%, but trailing earnings are negative and the forward multiple is 67.1x, so valuation depends on the recovery thesis.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Earnings collapse despite revenue growth
    Revenue rose 27.3% year on year, yet earnings fell 98.2% and net margin is -16.7%. Profitability is not keeping pace with the top line.
  • high
    Heavy short interest
    Short interest stands at 25.6% of shares. A quarter of the float is positioned against the stock, which raises volatility risk.
  • moderate
    Leverage elevated
    Debt to equity is 2.06, and free cash flow of $83M is thin relative to that debt load for an office REIT.
  • moderate
    Price above ACCE target
    The stock trades 25.4% above the ACCE price target of $40.00, with the price at $50.14.

AI research notes

AI-assisted·How I use AIWritten Oct 24, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 27.3% year over year, showing the top line is expanding quickly after years of decline.
  • Seven of 17 analysts rate the stock Buy or Strong Buy, and their mean price target sits 12.3% above the current price.
  • The dividend yield of 5.0% is a meaningful income return for investors willing to hold through the sector's weakness.
Why it could disappoint
  • Free cash flow over the last 12 months was only $83M, while the free cash flow yield is just 2.2%.
  • Debt to equity of 2.06 leaves the balance sheet thinly protected if refinancing costs rise or property values fall.
  • The diluted share count rose 8.9% last fiscal year, diluting existing holders even as the business reports losses.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Ask ACCE

Valuation

INVESTOR
Where SLG's valuation models land
Price
$50.14
Model fair valueConfidence: medium
$24.83
Model
Fair value
Upside
Price to FFO
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Mixed41% buy · 17 covering analysts
● Strong buy 4● Buy 3● Hold 9● Sell 0● Strong sell 1
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+6.7%
1 month
+0.3%
3 months
-8.2%
6 months
+18.9%
YTD
+9.3%
1 year
-3.1%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
22 Oct 2026, 01:52 CESTACCE price target$40.00$58.00$46.68
28 Sept 2026, 00:00 CESTACCE price target$58.00first publication$51.01
15 Aug 2026, 00:00 CESTFair value$21.21$21.57$56.35
12 Aug 2026, 00:00 CESTFair value$21.57$18.91$56.14
9 Aug 2026, 00:00 CESTFair value$18.91$19.16$56.76
8 Aug 2026, 00:00 CESTFair value$19.16$18.27$56.76
30 Jul 2026, 00:00 CESTFair value$18.27$19.53$53.08
23 Jul 2026, 00:00 CESTFair value$19.53$19.30$51.26
22 Jul 2026, 00:00 CESTFair value$19.30$19.02$51.06
18 Jul 2026, 00:00 CESTFair value$19.02$19.85$50.36

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth52Value27Quality42Momentum63Total46
Valuation
Trailing P/E
0.0x
Forward P/E
67.1x
PEG
1.30
P/B
1.11x
EV / Revenue
9.0x
Book value/sh
$48.47
Enterprise value
$8.8B
Profitability
ROE
-3.6%
FCF yield
2.20%
ROIC
-0.6%
Health and risk
Debt / equity
2.06
Dividend yield
0.00%
Beta
1.66

Price

-3.3% · 1Y

Ask anything about SLG

Answered from SL Green Realty Corp Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 716.8x
ROEbetter than 0% of peers
low -4%-4%high 11%
Div yieldbetter than 17% of peers
low 0.0%0.0%high 6.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
SLG SL Green Realty Corp Common Stock$50.14----3.6%4246
CDP COPT Defense Properties Common Shares of Beneficial Interest$33.83$2065% above23.6x10.8%6762
COL.MC Inmobiliaria Colonial€5.10--9.5x5.4%7656
HIW Highwoods Properties Inc. Common Stock$30.47$3512% below20.2x6.8%7167
DXS.AX DEXUSA$5.67A$66% below10.5x4.9%7649
KRC Kilroy Realty Corporation Common Stock$35.96$4723% below26.1x3.4%6444
CUZ Cousins Properties Incorporated Common Stock$28.67--716.8x0.1%5964

Sector report card

Where SLG ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Sep 29, 2026
    UNEP, Brazil, France and Kenya Join Global Investors at Sustainable Real Estate Forum's Climate Week NYC Debut
  • GlobeNewswire•Sep 18, 2026
    SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends
  • GlobeNewswire•Sep 14, 2026
    SL Green’s 2026 Office Leasing Reaches Nearly 1.8 Million Square Feet
6 more press releases · full archive on Investor+.INVESTOR
39 filings
October 2026
Oct 22
8-KCurrent reportPeriod 2026-10-21
View on SEC →
September 2026
Sep 28
Form 4Insider transactionPeriod 2026-09-11
View on SEC →
August 2026
Aug 24
Form 4Insider transactionPeriod 2026-08-20
View on SEC →
36 more filings + AI summaries on Investor+.INVESTOR