SLG Intrinsic Value Calculation – Rheos Capital Works Invests $4.74 Million in SL Green Realty Corp
December 27, 2023
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The company owns and manages a portfolio of office, retail, and residential properties that span Manhattan, Brooklyn, and the Bronx. SL ($NYSE:SLG) Green’s portfolio of office buildings encompasses over thirty million square feet of space, making it one of the largest owners of Class A office buildings in New York City. The company also owns a number of residential properties, including high-rise apartments, condominiums, and townhomes. In addition to its real estate holdings, SL Green also owns stakes in several publicly traded companies.
The $4.74 Million investment from Rheos Capital Works Inc. is expected to help SL Green to continue to expand its foothold in the New York City real estate market. With the new capital, the company plans to pursue new acquisitions and development projects in Manhattan and the surrounding boroughs. By investing in SL Green, Rheos Capital Works is showing confidence in the potential of the company to continue delivering positive returns for years to come.
Market Price
SLG opened at $46.3 and closed at $47.8, a 3.8% increase over the previous trading day’s closing price of $46.0. The purchase of the stake by Rheos Capital Works has been seen as a vote of confidence in the New York-based real estate investment trust (REIT). The investment by Rheos Capital Works has further boosted investor confidence in SL Green Realty and its ability to continue to deliver strong returns in the future. With its diversified portfolio of properties and experienced management team, SL Green Realty is well-positioned for continued success. 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 Value Calculation
At GoodWhale, we recently conducted an analysis of SL GREEN REALTY Corporation’s well-being and financial health. Through our proprietary Valuation Line, we have determined that the fair value of the SL GREEN REALTY share is around $38.4. Currently, the stock is traded at $47.8, which is overvalued by 24.6%. This implies that it may be wise to exercise caution when considering investing in this company at this time. Still, it is important to consider potential future growth and risk when deciding whether or not to invest in SL GREEN REALTY. More…
Peers
The commercial real estate industry is highly competitive, with a large number of companies vying for market share. SL Green Realty Corp is one of the largest and most successful commercial real estate firms in the industry, with a long track record of success. The company’s main competitors are Picton Property Income Ltd, DDMP REIT Inc, and Cromwell Property Group. These firms are all large and well-established companies with significant resources and a strong presence in the industry.
– Picton Property Income Ltd ($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 Corp. is an American real estate investment trust (REIT) that focuses on acquiring, managing, and owning commercial properties located in New York City. Recently, Rheos Capital Works Inc. invested $4.74 million in SL Green Realty Corp., with stock prices moving up the same day. This is seen as a positive sign for the company and its investors, as it indicates confidence in the firm’s financial health and future prospects. The investment is an indication that Rheos Capital Works sees potential in SL Green’s strategy and portfolio of assets.
Since REITs generate income through the acquisition of leased real estate, investors will likely benefit from the increased income stream generated by this investment. As such, this could be a great opportunity for investors to get in before it possibly sees further upside.
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