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SLG vs PDM
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Office
SLG vs PDM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $3.18B | $1.06B |
| Revenue (TTM) | $981M | $422M |
| Net Income (TTM) | $-88M | $-86M |
| Gross Margin | 58.2% | 19.1% |
| Operating Margin | 42.7% | 13.9% |
| Total Debt | $7.91B | $2.27B |
| Cash & Equiv. | $336M | $731K |
SLG vs PDM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| SL Green Realty Cor… (SLG) | 100 | 100.1 | +0.1% |
| Piedmont Office Rea… (PDM) | 100 | 50.7 | -49.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SLG vs PDM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SLG carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 1.20
- Rev growth 42.0%, EPS growth -21.2%, 3Y rev CAGR 5.2%
- 42.0% FFO/revenue growth vs PDM's -0.9%
PDM is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- -23.2% 10Y total return vs SLG's -26.2%
- Lower volatility, beta 1.08, current ratio 2.00x
- Beta 1.08, yield 2.9%, current ratio 2.00x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 42.0% FFO/revenue growth vs PDM's -0.9% | |
| Quality / Margins | -9.0% margin vs PDM's -20.5% | |
| Stability / Safety | Beta 1.08 vs SLG's 1.20, lower leverage | |
| Dividends | 2.9% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +29.8% vs SLG's -13.9% | |
| Efficiency (ROA) | -0.8% ROA vs PDM's -2.2%, ROIC 1.1% vs 1.5% |
SLG vs PDM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SLG vs PDM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SLG leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SLG is the larger business by revenue, generating $981M annually — 2.3x PDM's $422M. SLG is the more profitable business, keeping -9.0% of every revenue dollar as net income compared to PDM's -20.5%. On growth, SLG holds the edge at +9.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $981M | $422M |
| EBITDAEarnings before interest/tax | $678M | $229M |
| Net IncomeAfter-tax profit | -$88M | -$86M |
| Free Cash FlowCash after capex | $28M | $47M |
| Gross MarginGross profit ÷ Revenue | +58.2% | +19.1% |
| Operating MarginEBIT ÷ Revenue | +42.7% | +13.9% |
| Net MarginNet income ÷ Revenue | -9.0% | -20.5% |
| FCF MarginFCF ÷ Revenue | +2.9% | +11.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.2% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -13.2% | -23.0% |
Valuation Metrics
PDM leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, PDM's 10.9x EV/EBITDA is more attractive than SLG's 26.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.2B | $1.1B |
| Enterprise ValueMkt cap + debt − cash | $10.8B | $3.3B |
| Trailing P/EPrice ÷ TTM EPS | -28.12x | -12.61x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 26.24x | 10.86x |
| Price / SalesMarket cap ÷ Revenue | 3.17x | 1.87x |
| Price / BookPrice ÷ Book value/share | 0.72x | 0.70x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
PDM leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
SLG delivers a -2.0% return on equity — every $100 of shareholder capital generates $-2 in annual profit, vs $-6 for PDM. PDM carries lower financial leverage with a 1.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to SLG's 1.82x. On the Piotroski fundamental quality scale (0–9), PDM scores 5/9 vs SLG's 2/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -2.0% | -5.7% |
| ROA (TTM)Return on assets | -0.8% | -2.2% |
| ROICReturn on invested capital | +1.1% | +1.5% |
| ROCEReturn on capital employed | +1.5% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 5 |
| Debt / EquityFinancial leverage | 1.82x | 1.52x |
| Net DebtTotal debt minus cash | $7.6B | $2.3B |
| Cash & Equiv.Liquid assets | $336M | $731,000 |
| Total DebtShort + long-term debt | $7.9B | $2.3B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.35x |
Total Returns (Dividends Reinvested)
Evenly matched — SLG and PDM each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SLG five years ago would be worth $8,427 today (with dividends reinvested), compared to $6,046 for PDM. Over the past 12 months, PDM leads with a +29.8% total return vs SLG's -13.9%. The 3-year compound annual growth rate (CAGR) favors SLG at 34.3% vs PDM's 13.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -3.5% | +1.9% |
| 1-Year ReturnPast 12 months | -13.9% | +29.8% |
| 3-Year ReturnCumulative with dividends | +142.3% | +46.9% |
| 5-Year ReturnCumulative with dividends | -15.7% | -39.5% |
| 10-Year ReturnCumulative with dividends | -26.2% | -23.2% |
| CAGR (3Y)Annualised 3-year return | +34.3% | +13.7% |
Risk & Volatility
PDM leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PDM is the less volatile stock with a 1.08 beta — it tends to amplify market swings less than SLG's 1.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PDM currently trades 91.9% from its 52-week high vs SLG's 66.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.20x | 1.08x |
| 52-Week HighHighest price in past year | $66.91 | $9.19 |
| 52-Week LowLowest price in past year | $34.77 | $6.32 |
| % of 52W HighCurrent price vs 52-week peak | +66.8% | +91.9% |
| RSI (14)Momentum oscillator 0–100 | 60.8 | 66.3 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 1.1M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates SLG as "Hold" and PDM as "Hold". Consensus price targets imply 18.3% upside for PDM (target: $10) vs 12.9% for SLG (target: $50). PDM is the only dividend payer here at 2.94% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $50.46 | $10.00 |
| # AnalystsCovering analysts | 31 | 11 |
| Dividend YieldAnnual dividend ÷ price | — | +2.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | $0.25 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
PDM leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). SLG leads in 1 (Income & Cash Flow). 1 tied.
SLG vs PDM: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is SLG or PDM a better buy right now?
For growth investors, SL Green Realty Corp.
(SLG) is the stronger pick with 42. 0% revenue growth year-over-year, versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). Analysts rate SL Green Realty Corp. (SLG) a "Hold" — based on 31 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — SLG or PDM?
Over the past 5 years, SL Green Realty Corp.
(SLG) delivered a total return of -15. 7%, compared to -39. 5% for Piedmont Office Realty Trust, Inc. (PDM). Over 10 years, the gap is even starker: PDM returned -23. 2% versus SLG's -26. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — SLG or PDM?
By beta (market sensitivity over 5 years), Piedmont Office Realty Trust, Inc.
(PDM) is the lower-risk stock at 1. 08β versus SL Green Realty Corp. 's 1. 20β — meaning SLG is approximately 11% more volatile than PDM relative to the S&P 500. On balance sheet safety, Piedmont Office Realty Trust, Inc. (PDM) carries a lower debt/equity ratio of 152% versus 182% for SL Green Realty Corp. — giving it more financial flexibility in a downturn.
04Which is growing faster — SLG or PDM?
By revenue growth (latest reported year), SL Green Realty Corp.
(SLG) is pulling ahead at 42. 0% versus -0. 9% for Piedmont Office Realty Trust, Inc. (PDM). On earnings-per-share growth, the picture is similar: Piedmont Office Realty Trust, Inc. grew EPS -4. 7% year-over-year, compared to -21. 2% for SL Green Realty Corp.. Over a 3-year CAGR, SLG leads at 5. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — SLG or PDM?
SL Green Realty Corp.
(SLG) is the more profitable company, earning -8. 8% net margin versus -14. 8% for Piedmont Office Realty Trust, Inc. — meaning it keeps -8. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SLG leads at 15. 4% versus 14. 1% for PDM. At the gross margin level — before operating expenses — SLG leads at 34. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — SLG or PDM?
In this comparison, PDM (2.
9% yield) pays a dividend. SLG does not pay a meaningful dividend and should not be held primarily for income.
07Is SLG or PDM better for a retirement portfolio?
For long-horizon retirement investors, Piedmont Office Realty Trust, Inc.
(PDM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 08), 2. 9% yield). Both have compounded well over 10 years (PDM: -23. 2%, SLG: -26. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between SLG and PDM?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SLG is a small-cap high-growth stock; PDM is a small-cap quality compounder stock. PDM pays a dividend while SLG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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