Feed / SLG

SL Green Realty Corp.

SLG

Real Estate · 51.61 -1.5% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

SL Green Realty Corp.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-1.5% todayVolume comparison unavailable
Market group0 of 7 activeOffice REITs · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Filing discloses an option to increase the capacity of the revolving credit facility to $4.5 billion prior to its maturity by obtaining additional commitments from lenders.

Invalidation: The isolated read changes if SLG's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Office

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Filing discloses an option to increase the capacity of the revolving credit facility to $4.5 billion prior to its maturity by obtaining additional commitments from lenders.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements48
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +13.2% year over year.
Evidence challenging the case
  • Operating margin changed -17.4 percentage points in the latest annual period.
  • Net margin changed -12.1 percentage points in the latest annual period.
  • Diluted shares increased 7.2% in the latest annual period.
Questions before a position
  • EV/sales is 43% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

51.61
6m+36.4%12m-12.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$861.3M-18.2%$6.50-5.7%
2022-12-31$919.5M+6.8%$-1.49-4.0%
2023-12-31$913.7M-0.6%$-9.12+0.1%
2024-12-31$886.3M-3.0%$0.08-3.4%
2025-12-31$1.0B+13.2%$-1.61+7.2%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 2 filings
During the six months ended June 30, 2026, when compared to the six months ended June 30, 2025, we used cash primarily for the following investing activities (in thousands): Acquisitions of real estate $ (551,691) Capital expenditures and capitalized interest…
10-Q · Aug 6, 2026
Credit and interest ratesnegative · 2 filings
These increases were offset by decreased interest expense from the revolving credit facility ($15.9 million) due to a lower outstanding balance, and the repayment of unsecured corporate term loans ($5.4 million) in the fourth quarter of 2024.
10-Q · Nov 3, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.6× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

51.61-1.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for SLG. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for SLG. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind SLG

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JPMJPMorgan Chase & Co.partnerMay 1, 2026

The lending group for the Term C Loans consists of Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., TD Securities (USA) LLC, BofA Securities, Inc., BMO Capital Markets Corp.

WNFTDFiling-linked nameinvesteeFeb 17, 2026

The charge is reflected in the Company's consolidated statements of operations within "Depreciable real estate reserves and impairments." In December 2025, following a recoverability assessment, the Company recorded a charge of $ 4.4 million and $ 8.4 million…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SLG is currently a Follower in the organic co-movement group Office REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.