SL GREEN REALTY CORP SLG

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, primarily engaged in the ownership, management, operation, acquisition, development, redevelopment, repositioning and financing of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally in Manhattan, a borough of New York City. We were formed in June, 1997 for the purpose of continuing the commercial real estate business of S.L. Green Properties, Inc., our predecessor entity.

As of December 31, 2025, we owned the following interests in properties in the New York metropolitan area, primarily in midtown Manhattan. Our investments located outside of Manhattan are referred to as the Suburban properties:

Last close 50.14 2026-10-23
Market cap $3.57B 2026-03-31 share count
52-week range 34.77 - 60.09

Valuation FY2025 figures against the last close

P/S3.6x
P/E—
P/FCF43.0x
EV/EBITDA3.9x
Dividend yield6.8%
Diluted EPS-1.61

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.00B$886.3M$913.7M$919.5M$861.3M$1.05B$1.24B$1.23B$1.51B$196.9M
SG&A $89.3M$85.2M$111.4M$93.8M$94.9M$91.8M$100.9M$92.6M$100.5M$99.8M
Total operating expenses —————————$312.9M
Operating income $651.9M$730.6M$598.7M$605.6M——————
Interest expense $215.6M$196.3M$228.8M$166.5M$145.2M$185.9M$246.8M$236.7M$257.0M$321.2M
Pre-tax income —$30.9M-$590.1M-$73.7M$483.4M$372.3M$271.9M$250.1M$165.0M-$4.6M
Income tax —$700.0K$9.2M$2.6M$2.8M$1.2M$1.5M$2.8M$4.3M$2.8M
Net income -$96.9M$30.2M-$599.3M-$76.3M$480.6M$371.1M$270.4M$247.3M$101.4M$249.9M
EPS, basic -1.610.08-9.12-1.496.575.033.292.750.882.35
EPS, diluted -1.610.08-9.12-1.496.505.013.282.750.872.34
Shares, diluted (wtd. avg.) 70.4M65.7M68.0M67.9M70.8M75.1M81.9M89.1M103.4M104.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $155.7M$184.3M$221.8M$384.1M$337.0M$372.8M$241.4M$279.1M$250.0M$370.0M
Other intangibles $141.1M$181.1M$4.8M$213.5M$17.1M$25.1M$27.0M$25.5M$48.8M$240.2M
Total assets $11.08B$10.47B$9.53B$12.36B$11.07B$11.71B$12.77B$12.75B$13.98B$15.86B
Long-term debt ———$3.23B$1.39B$1.98B$2.18B$1.96B$2.84B$4.07B
Total liabilities $6.73B$5.92B$5.27B$7.26B$5.75B$6.21B$6.56B$6.12B$6.63B$7.33B
Retained earnings -$741.9M-$449.1M-$151.6M$651.1M$975.8M$1.02B$1.08B$1.28B$1.14B$1.58B
Total equity $3.67B$3.95B$3.86B$4.65B$4.78B$4.94B$5.52B$5.95B$6.59B$7.75B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $82.9M$129.6M$229.5M$276.1M$256.0M$554.2M$376.5M$441.5M$543.0M$644.0M
Depreciation and amortisation $262.8M$214.1M$255.6M$224.0M$228.4M$325.5M$284.0M$289.9M$418.8M$845.6M
Capital expenditure ——————$253.0M$254.5M$336.0M$411.9M
Investing cash flow -$330.8M$118.8M$171.3M$425.8M$993.6M$1.06B$114.5M$681.7M$22.0M$1.97B
Financing cash flow $252.8M-$252.2M-$449.4M-$654.8M-$1.29B-$1.48B-$528.6M-$1.09B-$685.0M-$2.74B
Dividends paid $242.6M$218.8M$230.9M$262.1M$271.1M$294.0M$306.4M$313.2M$333.5M$314.1M
Buybacks —$0$0$151.2M$341.4M$528.5M$384.4M$979.5M$806.3M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-046866.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 196.9M Net income, FY2016: 249.9M Revenue, FY2017: 1.5B Net income, FY2017: 101.4M Revenue, FY2018: 1.2B Net income, FY2018: 247.3M Revenue, FY2019: 1.2B Net income, FY2019: 270.4M Revenue, FY2020: 1.1B Net income, FY2020: 371.1M Revenue, FY2021: 861.3M Net income, FY2021: 480.6M Revenue, FY2022: 919.5M Net income, FY2022: -76.3M Revenue, FY2023: 913.7M Net income, FY2023: -599.3M Revenue, FY2024: 886.3M Net income, FY2024: 30.2M Revenue, FY2025: 1B Net income, FY2025: -96.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $196.9M $1.51B $1.23B $1.24B $1.05B $861.3M $919.5M $913.7M $886.3M $1.00B
Gross profit — — — — — — — — — —
Net income $249.9M $101.4M $247.3M $270.4M $371.1M $480.6M -$76.3M -$599.3M $30.2M -$96.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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