SL Green Realty Corp., Manhattan's largest office landlord, announced an annual ordinary dividend of $2.47 per share for 2026, with quarterly payments of $0.6175 per share starting April 15, 2026. The dividend represents a 6.6% yield at the current share price and allows the company to retain liquidity for debt extinguishment, share repurchases, and development projects. The company reported record first-quarter office leasing activity and expects same-store leased occupancy to reach nearly 95% by year-end 2026.
SL Green Realty Corp. (SLG)
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.
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SL Green Realty Corp., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
SL Green Realty Corp. (SLG) has returned -21.69% so far this year and -25.70% over the past 12 months. Looking at the last ten years, SLG has achieved an annualized return of -9.09%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
SLG
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of SL Green Realty Corp. (SLG) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.76% | -17.78% | 2.53% | -2.54% | ||||||||
| 2025 | -1.19% | -1.38% | -10.04% | -9.23% | 7.15% | 10.04% | -6.96% | -0.75% | 7.53% | -14.43% | -6.51% | -1.12% |
| 2024 | -0.18% | 7.73% | 14.24% | -9.99% | 5.94% | 6.13% | 17.95% | -1.83% | 6.37% | 8.51% | 2.05% | -13.16% |
| 2023 | 20.75% | -16.31% | -30.52% | -5.51% | -1.70% | 29.30% | 25.95% | 4.47% | -5.57% | -21.22% | 24.85% | 23.62% |
| 2022 | -3.37% | 9.61% | 2.47% | -15.11% | -11.45% | -25.66% | 7.98% | -10.77% | -8.46% | -3.22% | 3.86% | -19.90% |
| 2021 | 9.28% | 1.57% | -0.44% | 4.30% | 6.16% | -6.69% | -6.57% | -0.10% | -2.29% | -1.69% | 3.96% | |
| 2020 | -0.37% | -15.01% | -45.38% | 32.43% | -17.56% | 17.33% | -6.21% | 1.06% | 0.37% | -7.84% | 32.92% | 7.12% |
| 2019 | 18.09% | -2.03% | -1.02% | -2.06% | -2.95% | -6.84% | 0.10% | -0.98% | 2.59% | 3.08% | 1.91% | 7.80% |
| 2018 | -0.52% | -3.53% | 0.46% | 0.85% | -0.29% | 2.48% | 2.60% | 1.84% | -6.42% | -6.56% | 5.53% | -18.31% |
| 2017 | 0.24% | 3.34% | -5.41% | -1.54% | -3.91% | 4.83% | -2.66% | -6.91% | 4.96% | -5.56% | 6.86% | -1.65% |
| 2016 | 9.11% | -4.35% | 5.38% | 11.43% | -0.07% | -8.18% | -8.96% | 7.49% | 2.32% |
Performance Indicators
The charts below present risk-adjusted performance metrics for SL Green Realty Corp. (SLG) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of SLG compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current SL Green Realty Corp. volatility is 2.44%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 11.08B | 10.47B | 9.53B | 12.36B | 11.07B | 11.71B | 12.77B | 12.75B | 13.98B | 15.86B | 19.86B | 17.10B | 14.96B | 14.39B | 13.48B |
| Temporary Equity Attributable To Parent (USD) | - | - | - | - | - | - | 283.29M | - | - | 302.01M | 282.52M | 71.12M | - | - | - |
| Temporary Equity (USD) | 440.64M | 485.01M | 404.55M | 447.94M | 540.33M | 560.43M | 283.29M | 300.43M | 301.74M | 302.01M | 282.52M | 71.12M | - | - | - |
| Equity Attributable To Parent (USD) | 3.67B | 3.95B | 3.79B | 4.59B | 4.76B | 4.91B | 5.44B | 5.90B | 6.23B | 7.32B | 7.29B | 6.94B | 6.53B | 6.42B | 5.98B |
| Equity Attributable To Noncontrolling Interest (USD) | 241.29M | 118.65M | 69.61M | 61.89M | 13.38M | 26.03M | 75.88M | 46.33M | 364.36M | 426.44M | 431.85M | 521.84M | 491.47M | 487.30M | 477.76M |
| Equity (USD) | 3.91B | 4.07B | 3.86B | 4.65B | 4.78B | 4.94B | 5.52B | 5.95B | 6.59B | 7.75B | 7.72B | 7.46B | 7.02B | 6.91B | 6.45B |
| Redeemable Noncontrolling Interest, Preferred (USD) | 199.27M | 196.06M | 166.50M | 177.94M | 196.08M | 202.17M | - | 300.43M | 301.74M | - | - | - | - | - | - |
| Redeemable Noncontrolling Interest, Common (USD) | 241.37M | 288.94M | 238.05M | 269.99M | 344.25M | 358.26M | - | - | - | - | - | - | - | - | - |
| Redeemable Noncontrolling Interest (USD) | 440.64M | 485.01M | 404.55M | 447.94M | 540.33M | 560.43M | - | 300.43M | 301.74M | - | - | - | - | - | - |
| Commitments and Contingencies (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt (USD) | - | - | - | 3.23B | 1.39B | 1.98B | 2.18B | 1.96B | 2.84B | 6.57B | 10.46B | 8.47B | 6.97B | -6.52B | -6.09B |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 6.73B | 5.92B | 5.27B | 7.26B | 5.75B | 6.21B | 6.56B | 6.12B | 6.63B | 7.33B | 11.43B | 9.10B | 7.63B | 7.22B | 6.83B |
| Liabilities (USD) | 6.73B | 5.92B | 5.27B | 7.26B | 5.75B | 6.21B | 6.56B | 6.12B | 6.63B | 7.33B | 11.43B | 9.10B | 7.63B | 7.22B | 6.83B |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets (USD) | 11.08B | 10.47B | 9.53B | 12.36B | 11.07B | 11.71B | 12.77B | 12.75B | 13.98B | 15.86B | 19.86B | 17.10B | 14.96B | 14.39B | 13.48B |
| Assets (USD) | 11.08B | 10.47B | 9.53B | 12.36B | 11.07B | 11.71B | 12.77B | 12.75B | 13.98B | 15.86B | 19.86B | 17.10B | 14.96B | 14.39B | 13.48B |
News and Insights

The article examines four monthly-dividend-paying REITs with yields between 5% and 11.7%, positioning them as alternatives to traditional quarterly dividend stocks. While monthly payouts offer more frequent income and compounding benefits, the author cautions that principal preservation requires careful stock selection. The featured REITs face mixed outlooks: Realty Income offers stability but limited growth, SL Green faces leverage concerns, Apple Hospitality shows value but dividend growth has stalled, and Ellington Financial offers high yields but with elevated payout ratios.

SL Green Realty Corp. has closed its acquisition of Park Avenue Tower at 65 East 55th Street for $730 million, financed with a $480 million CMBS mortgage at 5.25% effective rate. The Class A office building acquisition strengthens SL Green's presence on Park Avenue and is part of the company's 2026 capital markets strategy.

Toronto-based Vision Capital Corp completely exited its $20.43 million stake in SL Green Realty during Q3, selling 330,000 shares. Despite SL Green showing operational improvements with rising occupancy rates and increased leasing activity, the stock has declined 32% over the past year as market sentiment remains skeptical about office real estate recovery and work-from-home dynamics.

SL Green Realty Corp acquired its joint venture partners' 39.48% interest in 800 Third Avenue for $5.1 million and modified its existing mortgage, extending the maturity date to February 2031 while maintaining the same interest rate.

SL Green Realty Corp., Manhattan's largest office landlord, declared a monthly dividend of $0.2575 per share, equivalent to an annualized dividend of $3.09 per share, payable on November 17, 2025.

SL Green Realty Corp has entered into a contract to acquire Park Avenue Tower, a 36-story office building located at 65 East 55th Street in Manhattan, for $730 million. The transaction is expected to close in Q1 2026 and is part of the company's strategy to expand its Park Avenue portfolio.

SL Green Realty Corp completed two transactions at a Times Square property, acquiring debt for $63 million and establishing a ground lease through 2074, positioning the asset for future value.

SL Green Realty Corp., Manhattan's largest office landlord, declared a monthly common stock dividend of $0.2575 per share and a quarterly preferred stock dividend of $0.40625 per share, both payable on October 15, 2025.

SL Green Realty Corp has entered into a contract to purchase 346 Madison Avenue and 11 East 44th Street for $160 million, with plans to develop a new office building in Midtown East, Manhattan.