SL Green Realty Corp vs Vornado Realty Trust

We do not publish a verdict for SL Green Realty Corp (SLG) and Vornado Realty Trust (VNO) is overvalued.

We publish an intrinsic value for VNO but not for SLG, so the two cannot be ranked on price.

Values as of the 22 Sept 2026 close.

SL Green Realty Corp (SLG)

We do not publish a value for this company: its projected cash flows are negative in every year, including the terminal one.

Leak Score 0/100 on 1 of 12 signals

Vornado Realty Trust (VNO)

Discounting its cash flows at 8.1% values the shares at $0.30; the price of $35.28 is 11839% above that value, and 79% of that value comes from beyond year five.

Leak Score 0/100 on 3 of 12 signals

MetricSLGVNO
VerdictNot valuedOvervalued
Price$52.48$35.28
Intrinsic value$0.30
Margin of safety-11839%
Leak Score0/100 (1/12)0/100 (3/12)
Market cap$4.0B$7.2B
Revenue growth, 5 years-0.4%3.5%
Operating margin11.2%10.4%
Net margin-18.3%0.3%
Return on equity-4.4%1.1%
Debt to equity1.751.41
P/E1422.6x
P/B1.3x1.4x
Dividend yield4.7%2.4%

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