SLG vs ARE vs VNO Stock Comparison

Sl Green Realty, Alexandria Real Estate Equities and Vornado Realty Trust Prices as of Oct 27, 2026 Peers: Industry group
SLG Sl Green Realty Corp
$49.47 -3.0% 1M -6.2% 1Y
Market cap
$3.51B
P/E
–
Revenue (TTM)
$1.07B
Div. yield
4.80%
Office REITs Real Estate
3 wins
VNO Vornado Realty Trust
$34.33 -1.1% 1M -12.4% 1Y
Market cap
$6.41B
P/E
1,112x
Revenue (TTM)
$1.83B
Div. yield
2.16%
Office REITs Real Estate
3 wins

Head to Head

8 decided of 12

Sl Green Realty leads on 3 of the 12 questions below (Sl Green Realty 3, Vornado Realty Trust 3, Alexandria Real Estate Equities 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSLGAREVNOLeader
Larger companyMarket capitalisation $3.51B $7.12B $6.41B ARE
Cheaper on earningsLower P/E, profitable companies only -24.4x -4.9x 1,112x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 26.2x — –
Faster revenue growthRevenue growth, trailing twelve months +9.7% -9.9% +1.4% SLG
More profitableNet margin, trailing twelve months — -52.0% 0.3% VNO
Better return on capitalReturn on invested capital — — 2.3% –
Less leveragedLower net debt / EBITDA — — 7.1x –
Higher dividend yieldTrailing dividend yield 4.80% 7.05% 2.16% ARE
Better 1-year returnPrice return, last 12 months -6.2% -47.5% -12.4% SLG
Better 5-year returnAnnualised price return, 5 years -7.4%/yr -27.6%/yr -4.6%/yr VNO
Less volatileAnnualised volatility, 1 year 38.2% 50.3% 32.7% VNO
Higher overall scoreMean of the five percentile scores vs peers 49/100 39/100 29/100 SLG

Percentile Scorecard

SLGAREVNO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSLGAREVNO
Valuation 49 #75 of 145 74 #38 of 145 24 #111 of 145
Growth 40 #85 of 141 7 #131 of 141 13 #123 of 141
Profitability – 14 #115 of 134 38 #84 of 134
Financial Health – 72 #39 of 138 33 #93 of 138
Shareholder Returns 59 #54 of 131 29 #94 of 131 39 #81 of 131
Overall 49 39 29
  • SLG ranked among 149 companies in Property REITs
  • ARE ranked among 149 companies in Property REITs
  • VNO ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSLGAREVNOSPY
1 month -3.0%-18.1%-1.1% -0.2%
3 months -6.8%-24.3%-14.3% +3.9%
6 months +12.8%+1.1%+13.3% +8.2%
Year to date +7.8%-16.5%+3.2% +12.9%
1 year -6.2%-47.5%-12.4% +12.3%
3 years +69.1%-55.4%+75.8% +87.4%
3 years, per year +19.2%-23.6%+20.7% +23.3%
5 years -31.7%-80.2%-21.0% +67.9%
5 years, per year -7.4%-27.6%-4.6% +10.9%
10 years -51.8%-61.1%-53.7% +261.1%
10 years, per year -7.0%-9.0%-7.4% +13.7%

Risk

MeasureSLGAREVNOSPY
Volatility, 1Y 38.2%50.3%32.7% 12.7%
Downside volatility, 1Y 38.7%56.8%33.5% 12.7%
Beta vs S&P 500, 1Y 0.930.730.99 1.00
Return / volatility, 1Y -0.16-0.95-0.38 0.97
Max drawdown, 5Y -76.2%-81.9%-73.6% -25.4%
From 52-week high -17.3%-47.5%-16.1% -1.2%
52-week high $59.83$77.87$40.91 $779.14
52-week low $35.33$40.41$24.71 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSLGAREVNO
P/E now vs peer median -24.4xmedian 26.3x -4.9xmedian 26.3x 1,112xmedian 26.3x
P/S now vs peer median 3.3xmedian 4.0x 2.6xmedian 4.0x 3.5xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x —median 14.4x 13.8xmedian 14.4x
P/FCF now vs peer median -3.5xmedian 23.3x -15.0xmedian 23.3x -15.4xmedian 23.3x
P/B now vs peer median 0.9xmedian 1.3x 0.4xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median -0.71median 1.91 0.05median 1.91 42.32median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSLGAREVNO
Revenue $1.07B $2.76B $1.83B
Net income – -$1.39B $49.20M
Free cash flow – -$473.23M -$416.33M
EPS (diluted) $-2.03 $-8.40 $0.03
Cash & equivalents $186.44M $508.86M $675.35M
Total debt – $12.90B $7.44B
Shares (diluted) 70.67M 170.75M 194.20M
Enterprise value $3.51B $3.13B $3.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSLGAREVNO
P/E -24.4x -4.9x 1,112x
P/FCF -3.5x -15.0x -15.4x
P/Operating cash flow – 6.0x 16.4x
P/S 3.3x 2.6x 3.5x
P/B 0.9x 0.4x 1.1x
P/Tangible book 1.2x 0.4x 1.1x
EV/EBITDA – – 13.8x
EV/EBIT – – 32.8x
EV/Revenue 3.3x 6.5x 7.2x
EV/FCF – -37.8x -31.7x
EV/Operating cash flow – 15.0x 33.7x
PEG (3Y EPS CAGR) -0.71 0.05 42.32

Growth

14 metrics
MetricSLGAREVNO
Revenue growth (1Y) 9.7% -9.9% 1.4%
Revenue CAGR (3Y) 1.5% -0.5% 0.1%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) – -339.2% -94.6%
Net income CAGR (3Y) – -74.6% 28.4%
EPS growth (1Y) -7,085% -239.7% -99.3%
EPS CAGR (3Y) 34.3% -100.7% 26.3%
Operating cash flow growth (1Y) – -13.7% -71.9%
Operating cash flow CAGR (3Y) – -9.5% -19.3%
Free cash flow growth (1Y) – 33.5% -145.3%
Free cash flow CAGR (3Y) – 43.5% -66.0%

Profitability

14 metrics
MetricSLGAREVNO
Gross margin – – –
EBITDA margin – – 52.0%
Operating margin – – –
Pretax margin – – 2.9%
Net margin – -52.0% 0.3%
FCF margin – -17.1% -22.8%
Operating cash flow margin – 43.0% 21.4%
Return on equity -2.6% -6.6% 0.7%
Return on assets – -3.6% 0.3%
Return on invested capital – – 2.3%
Return on capital employed – – –
Asset turnover – 0.1x 0.1x
Cash conversion (OCF / net income) – -0.9x 7.9x
Stock comp / revenue – 1.5% 1.4%

Financial Health

11 metrics
MetricSLGAREVNO
Debt / assets – 37.9% 47.7%
Debt / equity – 0.7x 1.2x
Net debt / EBITDA – – 7.1x
Debt / FCF – -27.3x -17.9x
Liabilities / assets – 45.9% 61.8%
Equity / assets – 54.1% 38.2%
Interest coverage – – 1.2x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricSLGAREVNO
Dividend yield 4.8% 7.0% 2.2%
Net buyback yield – – 2.1%
Shareholder yield 4.8% 7.0% 4.2%
Payout ratio (earnings) – -43.0% –
Payout ratio (FCF) – -126.5% –
Dividend growth (1Y) – -34.4% –
Dividend CAGR (3Y) – -10.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSLGAREVNO
Forward P/E – 26.2xFY2026 –
EPS, next fiscal year $-0.75FY2026 $1.56FY2026 $-0.40FY2026
EPS growth, next FY – – -109.5%FY2026
EPS growth, the year after – -150.6% –
Revenue, next fiscal year $640.65MFY2026 $2.71BFY2026 $1.78BFY2026
Revenue growth, next FY +6.5%FY2026 -8.2%FY2026 -1.9%FY2026
Revenue growth, the year after +6.4% -13.7% +24.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSLGAREVNO
Held by institutions 99.3% 97.2% 99.2%
Institutions holding 355 595 433
Change in shares held, QoQ +0.0% +14.1% +14.6%
Institutions buying 185 336 233
Institutions selling 118 191 126
Buyers to sellers 1.57 1.76 1.85

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SLGAREVNO
SLG 1.00 0.50 0.82
ARE 0.50 1.00 0.49
VNO 0.82 0.49 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SLG, ARE and VNO?

Alexandria Real Estate Equities (ARE) is the largest by market capitalisation: Sl Green Realty (SLG) $3.51B, Alexandria Real Estate Equities (ARE) $7.12B, Vornado Realty Trust (VNO) $6.41B.

Which company is growing faster?

Sl Green Realty (SLG) grew revenue fastest over the trailing twelve months: Sl Green Realty (SLG) +9.7%, Alexandria Real Estate Equities (ARE) -9.9%, Vornado Realty Trust (VNO) +1.4%.

Which company is more profitable?

Vornado Realty Trust (VNO) has the highest net margin (Alexandria Real Estate Equities (ARE) -52.0%, Vornado Realty Trust (VNO) 0.3%).

Which stock has performed better?

Over the past year Sl Green Realty (SLG) returned the most: Sl Green Realty (SLG) -6.2%, Alexandria Real Estate Equities (ARE) -47.5%, Vornado Realty Trust (VNO) -12.4%. Over five years, Vornado Realty Trust (VNO) compounded fastest (Sl Green Realty (SLG) -7.4%/yr, Alexandria Real Estate Equities (ARE) -27.6%/yr, Vornado Realty Trust (VNO) -4.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Alexandria Real Estate Equities (ARE) has the highest dividend yield: Sl Green Realty (SLG) 4.80%, Alexandria Real Estate Equities (ARE) 7.05%, Vornado Realty Trust (VNO) 2.16%.

Which stock is riskier?

By one-year price volatility, Vornado Realty Trust (VNO) has been the steadiest (Sl Green Realty (SLG) 38.2%, Alexandria Real Estate Equities (ARE) 50.3%, Vornado Realty Trust (VNO) 32.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SLG, ARE and VNO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sl Green Realty (SLG) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.