Keppel REIT (OTCMKTS:KREVF) and SL Green Realty (NYSE:SLG) are both mid-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, dividends, risk, profitability and earnings.
Volatility and Risk
Keppel REIT has a beta of 0.03, suggesting that its stock price is 97% less volatile than the S&P 500. Comparatively, SL Green Realty has a beta of 1.09, suggesting that its stock price is 9% more volatile than the S&P 500.
This is a summary of current ratings and price targets for Keppel REIT and SL Green Realty, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|SL Green Realty||2||3||8||0||2.46|
SL Green Realty has a consensus price target of $97.39, indicating a potential upside of 18.94%. Given SL Green Realty’s higher probable upside, analysts clearly believe SL Green Realty is more favorable than Keppel REIT.
SL Green Realty pays an annual dividend of $3.40 per share and has a dividend yield of 4.2%. Keppel REIT does not pay a dividend. SL Green Realty pays out 51.4% of its earnings in the form of a dividend. SL Green Realty has raised its dividend for 7 consecutive years.
Insider and Institutional Ownership
97.3% of SL Green Realty shares are owned by institutional investors. 4.0% of SL Green Realty shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Valuation & Earnings
This table compares Keppel REIT and SL Green Realty’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Keppel REIT||$92.98 million||33.26||N/A||N/A||N/A|
|SL Green Realty||$1.23 billion||5.63||$258.65 million||$6.62||12.37|
SL Green Realty has higher revenue and earnings than Keppel REIT.
This table compares Keppel REIT and SL Green Realty’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|SL Green Realty||15.39%||3.01%||1.42%|
SL Green Realty beats Keppel REIT on 11 of the 13 factors compared between the two stocks.
Keppel REIT Company Profile
Keppel REIT was listed by way of an introduction on 28 April 2006. It is one of Asia's leading REITs with a young and large portfolio of premium Grade A commercial assets in Singapore's prime business and financial districts. Keppel REIT's objective is to generate stable income and long-term growth for Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Singapore and pan-Asia. The REIT has assets under management of over $8 billion in Singapore as well as key Australian cities of Sydney, Melbourne, Brisbane and Perth. Keppel REIT is sponsored by Keppel Land Limited, one of Asia's leading property companies. It is managed by Keppel REIT Management Limited, a wholly-owned subsidiary of Keppel Capital Holdings Pte. Ltd. (Keppel Capital). Keppel Capital is a premier asset manager in Asia with a diversified portfolio in real estate, infrastructure and data centre properties in key global markets.
SL Green Realty Company Profile
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 27.7 million square feet of Manhattan buildings and 18.7 million square feet of buildings securing debt and preferred equity investments. In addition, SL Green held ownership interests in 7 suburban properties comprised of 15 suburban buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.
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