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MARKETS / NYSE / Real estate / Real estate investment trusts / SLG
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

SL Green Realty Corp. SLG

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.0B
▲ 13.2% YoY
$-96.9M
▼ 540.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

SL Green Realty Corp. is 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. Its corporate offices are located in midtown Manhattan at One Vanderbilt Avenue, New York, New York 10017. As of December 31, 2025, the company employed 1,289 employees, 337 of whom were employed in its corporate offices. The Company has three reportable segments: real estate, debt and preferred equity investments, and SUMMIT. As of December 31, 2025, one tenant in its office portfolio, Paramount Global, contributed 5.3% of its share of annualized cash rent, and no other tenant contributed more than 5.0%. SUMMIT One Vanderbilt is an observation deck at One Vanderbilt Avenue that opened in October 2021 and welcomed approximately 2.2 million visitors in 2025. The company was formed in June 1997 to continue the commercial real estate business of S.L. Green Properties, Inc., its predecessor entity.

Written from the business description in SL GREEN REALTY CORP's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.0B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income -0.1
1.0B2.0B-0.2B-0.4B
2008201120142017202020232025
Compound annual growth
+2.9%
−1.0%
−4.9%
−0.5%
−5.7%
−8.9%
+2.1%
+14.6%
−16.3%
−21.6%
−0.6%
+9.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−10 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 65.0% · Net -9.7%
50%-20%-40%-60%
200820162025
ROE
FY2025 · ROE -2.5%
5%10%-5%-10%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin65.0%
Net margin-9.7%
EBITDAUSD 914.7M

Each USD of equity lost 3 cents this year.

Cash & shareholders

USD 242.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF 123.5
100M200M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 242.6 · Net buybacks ·
500M1000M-200M-400MDividendsNet buybacks
2008201120142017202020232025
Dividends paidUSD 242.6M
Net buybacks·
Share of profit-250.4%
Consecutive raises1 year

USD 242.6M in dividends went back to shareholders in a year without profit.

Total assetsUSD 11.1B
EquityUSD 3.7B
CashUSD 155.7M
Gross debtUSD 2.1B
Net debtUSD 2.0B

Net debt stands at 54% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
SLG, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.00.90.90.90.91.11.21.21.51.91.71.51.41.31.21.11.01.1
Operating income $B0.70.70.60.6◌◌◌◌◌◌◌◌◌◌◌◌◌◌
EBITDA $B0.90.90.90.8◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B◌0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0◌
Net income $B−0.10.0−0.6−0.10.40.40.30.20.10.20.30.50.10.20.60.30.10.4
Free cash flow $B◌◌◌◌◌◌0.10.20.20.20.10.10.20.20.10.20.20.2
EPS, diluted $−1.610.08−9.12−1.496.505.013.282.750.872.342.705.231.101.747.333.450.546.20
Dividend / sh $3.093.013.233.696.274.943.643.383.142.942.522.101.491.080.550.400.682.74
Payout %−250994−41−3366079113127329126914011062102013653
ROE %−2.50.6−13.5−1.79.37.24.84.11.53.44.07.72.13.211.96.51.3◌
Shares out B0.070.070.070.070.070.070.080.080.090.100.100.100.100.090.090.080.08◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 1 failure · 1 divergence in 53 reconciliationsAUDITED

Reconciled in 16 of the 18 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure1 divergent
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2008

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