SL Green Realty Corp (SLG)vsVornado Realty Trust (VNO)
SLG
SL Green Realty Corp
$45.75
+1.04%
REAL ESTATE · Cap: $3.49B
VNO
Vornado Realty Trust
$32.16
+0.37%
REAL ESTATE · Cap: $6.56B
Smart Verdict
WallStSmart Research — data-driven comparison
Vornado Realty Trust generates 98% more annual revenue ($1.85B vs $937.37M). VNO leads profitability with a 42.9% profit margin vs -16.2%. SLG appears more attractively valued with a PEG of 1.30. VNO earns a higher WallStSmart Score of 61/100 (C+).
SLG
Hold42
out of 100
Grade: D
VNO
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+55.1%
Fair Value
$90.28
Current Price
$45.75
$44.53 discount
Margin of Safety
+45.8%
Fair Value
$55.79
Current Price
$32.16
$23.63 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Attractively priced relative to earnings
Reasonable price relative to book value
Keeps 43 of every $100 in revenue as profit
Earnings expanding 1263.0% YoY
Areas to Watch
Operating margin of 1.3%
ROE of -3.5% — below average capital efficiency
Revenue declined 4.0%
Earnings declined 98.2%
Expensive relative to growth rate
Revenue declined 2.2%
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : SLG
The strongest argument for SLG centers on Price/Book. PEG of 1.30 suggests the stock is reasonably priced for its growth.
Bull Case : VNO
The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.
Bear Case : SLG
The primary concerns for SLG are Operating Margin, Return on Equity, Revenue Growth.
Bear Case : VNO
The primary concerns for VNO are PEG Ratio, Revenue Growth, Altman Z-Score.
Key Dynamics to Monitor
SLG profiles as a turnaround stock while VNO is a declining play — different risk/reward profiles.
SLG carries more volatility with a beta of 1.60 — expect wider price swings.
VNO is growing revenue faster at -2.2% — sustainability is the question.
SLG generates stronger free cash flow (56M), providing more financial flexibility.
Bottom Line
VNO scores higher overall (61/100 vs 42/100), backed by strong 42.9% margins. SLG offers better value entry with a 55.1% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Vornado Realty Trust
REAL ESTATE · REIT - OFFICE · USA
Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
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