$SL Green Realty (SLG.US)$The company's revenue has declined...
$SL Green Realty (SLG.US)$The company's revenue has declined for four years in the past five years, except for a slight increase in 2019. Operating profit has also been declining in a fluctuating manner, while net income has been greatly affected by gains from asset sales and restructuring and merger activities. In 2022, there was a loss at one point, and in the first half of 2023, there was a continued loss due to the impact of impairment of capital assets.
Out of the total assets of 10 billion, only 5 billion are in the real estate sector, accounting for only 50%.
If calculated based on the average net profit of 0.28 billion in the past five years, the PE ratio is 9.4, the dividend yield is 8.4%, and the PB ratio is 0.68. It may be worth observing for a few more quarters.
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