NYSE: SLG · Office REITs
SL Green Realty (SLG) fair value and price range
As of 3 Oct 2026, Faircurve's model values SL Green Realty (SLG) at $16.89 a share. The stock last closed at $48.81, which puts the model's fair value 65.4% below the price. The fair value sits more than 60% away from the price. Faircurve gives no verdict on a gap wider than 60%.
Revalued . Price is the close of 2 Oct 2026. SL Green Realty Corp.
What price range does the model give SLG?
The calibrated range for SLG over 63 trading days is $14.09 to $20.48. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is above this range. For names with fair value 15%+ below price, the calibrated range has held the price 39% of the time over 63 trading days, and 59% ended above it; the typical move was −0.5%.
The model's own range is $15.78 to $17.97.
How does SLG compare with similar companies?
The companies in office reits closest to SL Green Realty in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| HIW Highwoods Properties, Inc. | $29.67 | $29.20 | -1.6% | Fairly valued |
| CDP COPT Defense Properties | $33.57 | $21.29 | -36.6% | Overvalued |
| KRC Kilroy Realty Corporation | $33.63 | $30.94 | -8.0% | Overvalued |
| CUZ Cousins Properties Incorporated | $28.01 | $19.37 | -30.8% | Overvalued |
| VNO Vornado Realty Trust | $33.73 | $16.56 | -50.9% | Overvalued |
| DEI Douglas Emmett, Inc. | $9.82 | $13.04 | +32.8% | Undervalued |
| ARE Alexandria Real Estate Equities, Inc. | $47.37 | $20.63 | -56.4% | Low evidence grade |
| BXP BXP, Inc. | $60.45 | $46.57 | -23.0% | Overvalued |
When does SLG report earnings, and how has the stock reacted?
SL Green Realty's next earnings report is scheduled for 21 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 13.0% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How SLG moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.0%.
| Report date | Two session move |
|---|---|
| 22 Jul 2026 | +5.5% |
| 15 Apr 2026 | +0.4% |
| 28 Jan 2026 | -0.8% |
| 15 Oct 2025 | -3.9% |
| 16 Jul 2025 | -1.7% |
| 16 Apr 2025 | +21.5% |
| 22 Jan 2025 | -2.1% |
| 16 Oct 2024 | +4.8% |
SL Green Realty at a glance
SL Green Realty Corp., an S&P 500 listed company, is recognized as Manhattan's premier office landlord.
- Market value
- $3.5B
- Sector
- Real Estate
- Industry
- Office REITs
- Beta to the US market
- 0.79
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model values SL Green Realty three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for SLG was $23.75. As of 3 Oct 2026 it is $16.89, a change of -28.9%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about SL Green Realty's valuation
Is SL Green Realty stock undervalued or overvalued?
Faircurve's model puts SLG's fair value at $16.89 a share against a last close of $48.81, as of 3 Oct 2026. The fair value sits more than 60% away from the price. Faircurve gives no verdict on a gap wider than 60%.
What is SLG's fair value?
$16.89 a share as of 3 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $15.78 to $17.97.
What price range does the model give SLG?
$14.09 to $20.48 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does SL Green Realty report earnings next?
The next report is scheduled for 21 Oct 2026. Companies can move their dates.
How much has SLG moved on past earnings reports?
Across its last 8 reports the median two session move was 3.0%, ignoring direction. The largest was +21.5% around the report of 16 Apr 2025.
How confident is the model in this valuation?
The model's evidence grade for SLG is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.