SLG Intrinsic Stock Value – SL Green Realty Repays Corporate Debt with $632.5M Sale of 625 Madison Avenue
December 11, 2023
🌧️Trending News
SL ($NYSE:SLG) Green Realty Corp. (NYSE: SLG), a leading real estate investment trust in the United States, recently announced the successful sale of their 625 Madison Avenue property for a total of $632.5 million. The proceeds from this sale will be used to repay their corporate debt. The company focuses on acquisition, development, and management of commercial properties located mainly in Manhattan and other major metropolitan areas. SL Green is committed to sustainable development practices and has been named a “Best Place to Work for LGBTQ Equality” for the past three years by the Human Rights Campaign.
The sale of 625 Madison Avenue marks an important milestone for SL Green in its mission to reduce its debt and strengthen its balance sheet. The company is well-positioned to continue to capitalize on future opportunities in the Manhattan property market.
Share Price
This news was met with strong market reaction as SL Green Realty Corp stock opened at $41.4 and closed at $42.2, up by 5.0% from previous closing price of $40.2. This success in repaying debt is a positive indication of the company’s financial health and attractive investment potential for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SLG. More…
| Total Revenues | Net Income | Net Margin |
| 842.74 | -490.39 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SLG. More…
| Operations | Investing | Financing |
| 197.65 | 425.81 | -654.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SLG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.69k | 5.17k | 59.28 |
Key Ratios Snapshot
Some of the financial key ratios for SLG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -24.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – SLG Intrinsic Stock Value
We at GoodWhale have conducted an analysis of SL GREEN REALTY’s financials, and we have calculated the fair value of its share to be around $42.1 using our proprietary Valuation Line. We believe that the current stock price of $42.2 is a fair price. Therefore, investors can buy SL GREEN REALTY’s stocks at the current market price without worrying about overpaying. More…
Peers
The commercial real estate industry is highly competitive, with a large number of companies vying for market share. SL Green Realty Corp is one of the largest and most successful commercial real estate firms in the industry, with a long track record of success. The company’s main competitors are Picton Property Income Ltd, DDMP REIT Inc, and Cromwell Property Group. These firms are all large and well-established companies with significant resources and a strong presence in the industry.
– Picton Property Income Ltd ($LSE:PCTN)
The company’s market cap is 468.15M as of 2022. The company is a property income fund that invests in a portfolio of UK commercial properties. The company’s objective is to provide shareholders with an attractive level of income and capital growth by investing in a diversified portfolio of UK commercial properties.
– DDMP REIT Inc ($PSE:DDMPR)
Dividend and income-oriented real estate investment trust that owns and operates a diversified portfolio of real estate assets in the United States. The company’s portfolio includes office, retail, industrial, and residential properties.
– Cromwell Property Group ($ASX:CMW)
Cromwell Property Group is a real estate investment trust that owns and operates a portfolio of properties across Australia, New Zealand, and Europe. The company has a market cap of 5.46 billion as of 2022. Cromwell Property Group’s portfolio includes office, retail, industrial, and logistics properties. The company also owns and operates a number of hotels and serviced apartments.
Summary
SL Green Realty Corporation is one of the largest owners, operators and developers of commercial real estate in the United States. Recently, the company announced the sale of its 625 Madison Avenue property for $632.5M, to be used to repay corporate debt. This news had a positive effect on the stock price for SL Green, as it increased on the same day the sale was announced. Investors may look favorably on this decision, as it should reduce overall debt levels and allow for larger investments into other areas of the business.
Furthermore, SL Green may have received an attractive price for its asset, which will also have a positive effect on its financials. Overall, SL Green’s decision to sell 625 Madison Avenue looks like a smart move and investors should take note.
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