Independence Realty (IRT) vs SL Green Realty (SLG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Independence Realty (IRT) has outperformed SL Green Realty (SLG) over the past year, losing 10.5% versus a loss of 15.7%. Over five years, IRT leads with a -31.3% price change compared with -37.1% for SLG. SL Green Realty is the larger company by market cap ($3.76 billion vs $3.54 billion), about 1.1 times the size.
SL Green Realty offers the higher dividend yield (6.78% vs 4.71%). Independence Realty converts more of its revenue into profit, with a net margin of 8.6% versus -9.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IRT | SLG |
|---|---|---|
| Share price | $14.64 | $48.94 |
| Market cap | $3.54B | $3.76B |
| 1-day change | +1.39% | +0.70% |
| YTD return | -16.25% | +6.69% |
| 1-year return | -10.51% | -15.68% |
| 5-year return | -31.30% | -37.05% |
| P/E ratio (TTM) | 81.33 | — |
| Forward P/E | 183.00 | — |
| EPS (TTM) | $0.18 | $-2.73 |
| Dividend yield | 4.71% | 6.78% |
| Annual dividend | $0.69 | $3.32 |
| Revenue (latest FY) | $657.70M | $1.00B |
| Revenue growth (YoY) | +2.76% | +13.18% |
| Net income (latest FY) | $56.56M | $-96.91M |
| Operating margin | — | 65.00% |
| Net margin | 8.60% | -9.66% |
| 52-week high | $17.79 | $60.09 |
| 52-week low | $14.33 | $34.77 |
| Distance from 52-week high | -17.71% | -18.56% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +31.63% | +19.53% |
| Average volume | 3.21M | 904.39K |
| Shares outstanding | 235.74M | 70.85M |
| Employees | 904 | 1,289 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- SL Green Realty offers a meaningfully higher dividend yield (6.78% vs 4.71%).
- Independence Realty is more profitable, keeping 8.6 cents of every revenue dollar as net income versus -9.7 cents for SL Green Realty.
- SL Green Realty grew revenue faster in its latest fiscal year (+13.18% vs +2.76%).
About Independence Realty
IRT stock →Independence Realty Trust, Inc., an S&P 400 MidCap Company, is a real estate investment trust that owns and operates multifamily communities across non-gateway U.S. markets.
Real Estate · Real Estate Investment Trusts · 904 employees
About SL Green Realty
SLG stock →SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 4 buildings totaling 0.9 million square feet owned by third parties.
Real Estate · Real Estate Investment Trusts · 1,289 employees
IRT vs SLG FAQ
Which is bigger, Independence Realty or SL Green Realty?
SL Green Realty (SLG) is larger, with a market capitalization of $3.76B compared with $3.54B for Independence Realty (IRT).
Which stock has performed better over the past year, IRT or SLG?
IRT returned -10.51% over the past 12 months, compared with -15.68% for SLG (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Independence Realty or SL Green Realty?
SL Green Realty has the higher yield at 6.78%, compared with 4.71% for Independence Realty.
Are Independence Realty and SL Green Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.