SL Green Realty (SLG) Financials

$65.57 +1.21 (+1.88%)

Closing price 06/10/2025 03:59 PM Eastern

Extended Trading

$65.45 -0.12 (-0.19%)

As of 06/10/2025 07:00 PM Eastern

Annual Income Statements for SL Green Realty

This table shows SL Green Realty's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	269	-838	86	232	255	356	435	-93	-580	7.06
Consolidated Net Income / (Loss)	317	279	101	271	291	415	481	-76	-599	30
Net Income / (Loss) Continuing Operations	303	-795	101	271	291	379	481	-76	-599	30
Total Pre-Tax Income	127	-795	5.94	302	326	379	536	8.18	-567	27
Total Operating Income	382	-850	244	386	388	59	144	164	-322	28
Total Gross Profit	1,630	343	1,478	1,227	1,206	1,017	819	830	812	775
Total Revenue	1,663	1,864	1,511	1,227	1,239	1,053	861	919	914	886
Operating Revenue	1,663	343	1,511	1,227	1,239	1,053	861	919	914	886
Total Cost of Revenue	33	0.00	33	0.00	33	35	43	89	101	112
Operating Cost of Revenue	33	-	33	-	33	-	43	89	101	112
Total Operating Expenses	1,248	1,869	1,235	841	818	958	675	666	1,134	747
Selling, General & Admin Expense	408	100	392	356	336	305	262	295	335	299
Depreciation Expense	561	821	403	280	272	314	217	216	248	207
Amortization Expense	27	25	16	12	12	12	11	7.82	7.84	6.62
Other Operating Expenses / (Income)	233	248	244	193	191	328	157	141	160	129
Impairment Charge	19	-	179	-	7.05	-	24	6.31	382	104
Restructuring Charge	-	-	-	-	-	-	3.77	0.41	1.10	0.40
Total Other Income / (Expense), net	-255	56	-238	-85	-62	320	392	-156	-245	-0.68
Interest Expense	324	-	257	226	191	0.00	72	89	138	118
Interest & Investment Income	29	56	16	311	76	-22	-33	-58	-90	28
Other Income / (Expense), net	40	0.00	3.26	-170	53	343	497	-8.12	-17	89
Other Gains / (Losses), net	176	-	95	-31	-35	-	-55	-84	-32	3.03
Preferred Stock Dividends Declared	15	15	15	15	15	15	15	15	15	15
Net Income / (Loss) Attributable to Noncontrolling Interest	33	29	-0.31	24	21	44	31	1.77	-35	8.21
Basic Earnings per Share	$2.71	$0.00	$0.87	$2.75	$3.29	$5.03	$6.57	($1.49)	($9.12)	$0.08
Weighted Average Basic Shares Outstanding	99.35M	100.19M	201.70M	84.09M	77.06M	70.40M	65.74M	63.92M	63.81M	65.06M
Diluted Earnings per Share	$2.70	$0.00	$0.87	$2.75	$3.28	$5.01	$6.50	($1.49)	($9.12)	$0.08
Weighted Average Diluted Shares Outstanding	103.73M	104.88M	206.81M	89.07M	81.87M	75.08M	70.77M	67.93M	67.97M	65.69M
Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	65.46M	64.67M	65.11M	71.31M
Cash Dividends to Common per Share	$2.52	$2.94	$3.10	$3.25	$3.40	$5.54	$8.09	$6.17	$3.25	$3.16

This table shows SL Green Realty's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q3 2023	Q4 2023	Q1 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	7.38	-64	-40	-24	-	13	-13	-	-21
Consolidated Net Income / (Loss)	12	-64	-38	-22	-	18	-9.26	-	-22
Net Income / (Loss) Continuing Operations	12	-64	-38	-22	-	18	-9.26	-	-22
Total Pre-Tax Income	7.94	19	-38	-6.57	-	18	6.16	-	-21
Total Operating Income	53	24	-29	10	-	-38	31	-	47
Total Gross Profit	212	235	224	170	-	166	185	-	218
Total Revenue	212	318	246	210	-	188	230	-	240
Operating Revenue	212	318	246	210	-	188	230	-	240
Total Cost of Revenue	0.29	82	22	40	-	22	44	-	22
Operating Cost of Revenue	0.29	-	22	40	-	22	44	-	22
Total Operating Expenses	159	211	254	160	-	204	155	-	171
Selling, General & Admin Expense	74	84	82	73	-	71	71	-	84
Depreciation Expense	48	74	79	51	-	49	53	-	64
Amortization Expense	2.04	1.91	2.02	2.15	-	1.54	1.67	-	1.69
Other Operating Expenses / (Income)	35	44	91	35	-	30	29	-	12
Impairment Charge	0.00	-	-	-0.39	-	52	0.00	-	8.55
Total Other Income / (Expense), net	-45	-5.26	-8.90	-17	-	56	-25	-	-68
Interest Expense	22	38	-	27	-	31	45	-	60
Interest & Investment Income	-22	-31	-7.49	0.00	-	138	0.37	-	1.17
Other Income / (Expense), net	-1.12	64	-1.41	11	-	-50	20	-	-9.61
Other Gains / (Losses), net	4.28	-83	-	-15	-	0.00	-15	-	-0.48
Preferred Stock Dividends Declared	3.74	3.74	3.74	3.74	-	3.74	3.74	-	3.74
Net Income / (Loss) Attributable to Noncontrolling Interest	1.10	-3.51	-2.36	-1.47	-	1.51	1.19	-	-4.21
Basic Earnings per Share	$0.11	($1.01)	($0.63)	($0.38)	-	$0.20	($0.21)	-	($0.30)
Weighted Average Basic Shares Outstanding	63.95M	63.92M	64.08M	64.11M	63.81M	64.33M	64.39M	65.06M	70.42M
Diluted Earnings per Share	$0.11	($1.01)	($0.63)	($0.38)	-	$0.20	($0.21)	-	($0.30)
Weighted Average Diluted Shares Outstanding	68.90M	67.93M	68.18M	68.30M	67.97M	70.10M	64.39M	65.69M	70.42M
Weighted Average Basic & Diluted Shares Outstanding	64.62M	64.67M	64.68M	64.72M	65.11M	65.11M	65.92M	71.31M	71.32M

This table details how cash moves in and out of SL Green Realty's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-26	-119	-240	29	-38	131	-36	47	-49	-3.88
Net Cash From Operating Activities	526	644	1,086	442	376	554	256	276	230	130
Net Cash From Continuing Operating Activities	526	644	1,086	442	376	554	256	276	230	130
Net Income / (Loss) Continuing Operations	317	279	202	271	291	415	481	-76	-599	30
Consolidated Net Income / (Loss)	317	279	202	271	291	415	481	-76	-599	30
Depreciation Expense	588	846	838	290	284	325	228	224	256	214
Non-Cash Adjustments To Reconcile Net Income	-357	-385	134	-89	-86	-265	-333	169	570	18
Changes in Operating Assets and Liabilities, net	-23	-96	-88	-30	-113	79	-121	-40	2.95	-133
Net Cash From Investing Activities	-2,266	1,973	44	682	114	1,056	994	426	171	119
Net Cash From Continuing Investing Activities	-2,266	1,973	44	682	114	1,056	994	426	171	119
Purchase of Property, Plant & Equipment	-3,060	-452	-729	-315	-516	-545	-153	-365	-260	-212
Acquisitions	-162	-145	-778	-400	-129	-70	-89	-185	-184	-451
Purchase of Investments	-7.77	-43	-2,260	-	0.00	0.00	-106	0.00	0.00	-12
Divestitures	-	-	-	-	-	0.00	0.00	60	0.00	19
Sale and/or Maturity of Investments	84	211	2,426	233	79	125	982	157	141	161
Other Investing Activities, net	359	1,499	1,386	1,164	680	1,547	359	758	475	614
Net Cash From Financing Activities	1,713	-2,736	-1,370	-1,094	-529	-1,479	-1,285	-655	-449	-252
Net Cash From Continuing Financing Activities	1,713	-2,736	-1,370	-1,094	-529	-1,479	-1,285	-655	-449	-252
Repayment of Debt	-2,542	-4,198	-6,413	-3,458	-1,821	-3,132	-2,197	-2,164	-855	-1,580
Repurchase of Preferred Equity	-0.20	-3.30	-0.55	-1.21	-18	-83	-6.04	-18	-12	-2.50
Repurchase of Common Equity	0.00	0.00	-1,613	-1,014	-412	-556	-367	-192	-9.08	-38
Payment of Dividends	-267	-327	-748	-328	-347	-308	-287	-308	-246	-240
Issuance of Debt	4,364	1,734	7,310	3,684	2,063	2,677	1,528	1,906	538	1,174
Issuance of Common Equity	125	-	-	-	-	-	-	0.00	0.00	387
Other Financing Activities, net	34	58	94	22	6.60	-78	44	122	134	48
Cash Interest Paid	345	344	548	260	249	201	153	170	229	201
Cash Income Taxes Paid	3.88	2.01	4.90	1.42	1.49	2.30	4.41	5.36	7.82	9.00

This table details how cash moves in and out of SL Green Realty's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	108	-1.02	-27	-46	-	26	-17	-	17	5.39
Net Cash From Operating Activities	67	26	42	62	-	48	-25	-	58	6.71
Net Cash From Continuing Operating Activities	67	26	42	62	-	48	-25	-	58	6.71
Net Income / (Loss) Continuing Operations	12	-64	-38	-379	-	-160	18	-	19	-22
Consolidated Net Income / (Loss)	12	-64	-38	-379	-	-160	18	-	19	-22
Depreciation Expense	51	76	81	71	-	51	50	-	55	66
Non-Cash Adjustments To Reconcile Net Income	20	64	11	371	-	172	-23	-	12	11
Changes in Operating Assets and Liabilities, net	-16	-50	-11	-1.56	-	-14	-70	-	-29	-49
Net Cash From Investing Activities	138	152	-66	28	-	-100	-3.71	-	156	-176
Net Cash From Continuing Investing Activities	138	152	-66	28	-	-100	-3.71	-	156	-176
Purchase of Property, Plant & Equipment	-	-301	-	-	-	-66	-55	-	-49	-112
Acquisitions	49	-98	-23	-24	-	-65	-24	-	-79	-37
Purchase of Investments	-11	40	-5.58	-	-	-	-	-	-6.76	-12
Sale and/or Maturity of Investments	157	-72	24	49	-	32	72	-	62	5.29
Other Investing Activities, net	7.36	523	-62	131	-	-1.44	3.89	-	210	-21
Net Cash From Financing Activities	-97	-180	-2.77	-135	-	78	11	-	-198	175
Net Cash From Continuing Financing Activities	-97	-180	-2.77	-135	-	78	11	-	-198	176
Repayment of Debt	-971	-510	-79	-141	-	-43	-42	-	-799	-254
Repurchase of Common Equity	-17	-5.59	-5.22	-0.03	-	-0.18	-19	-	-6.69	-11
Payment of Dividends	-99	-69	-61	-61	-	-62	-58	-	-67	-64
Issuance of Debt	990	400	143	80	-	180	130	-	254	509
Other Financing Activities, net	0.65	3.79	0.12	-0.85	-	3.00	-1.27	-	37	-3.61

This table presents SL Green Realty's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	19,728	15,858	13,983	12,751	12,766	11,708	11,067	12,356	9,531	10,470
Total Current Assets	255	424	214	200	240	417	525	446	381	403
Cash & Equivalents	255	279	128	129	166	266	251	203	222	184
Restricted Cash	-	91	-	-	-	107	86	181	114	147
Accounts Receivable	-	54	58	42	44	45	48	62	45	71
Plant, Property, & Equipment, net	14,621	10,479	7,859	6,367	6,724	4,976	4,771	6,133	4,135	4,482
Plant, Property & Equipment, gross	16,682	12,743	10,159	8,466	8,785	6,932	6,667	8,173	6,103	6,608
Accumulated Depreciation	2,061	2,265	2,300	2,099	2,061	1,956	1,896	2,040	1,968	2,126
Total Noncurrent Assets	4,806	4,955	5,863	6,184	5,802	6,314	5,770	5,777	5,015	5,586
Long-Term Investments	1,204	1,975	2,363	3,019	2,913	3,852	3,033	3,201	2,993	2,713
Other Noncurrent Operating Assets	3,602	2,980	3,500	3,118	2,890	2,407	2,738	2,576	2,022	2,873
Total Liabilities & Shareholders' Equity	19,728	15,858	13,983	12,751	12,766	11,708	11,067	12,356	9,531	10,470
Total Liabilities	11,302	7,331	6,630	6,115	6,556	6,211	5,748	7,261	5,271	5,915
Total Current Liabilities	276	532	226	227	246	315	422	191	191	161
Accounts Payable	196	191	137	147	167	151	158	155	153	123
Dividends Payable	80	87	85	80	79	149	187	22	20	22
Other Current Nonoperating Liabilities	-	36	4.07	0.00	-	15	77	14	18	17
Total Noncurrent Liabilities	8,506	6,799	6,149	5,888	6,310	5,896	5,326	7,070	5,079	5,754
Long-Term Debt	7,967	6,482	5,855	5,542	5,508	4,929	4,017	5,512	3,491	4,197
Capital Lease Obligations	41	42	-	44	44	492	954	999	933	918
Noncurrent Deferred Revenue	401	2.58	-	94	114	119	107	272	134	165
Other Noncurrent Operating Liabilities	68	273	294	208	643	357	248	287	521	474
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	707	776	764	688	693	560	540	448	405	485
Total Equity & Noncontrolling Interests	7,719	7,751	6,589	5,948	5,517	4,936	4,778	4,647	3,856	4,070
Total Preferred & Common Equity	7,287	7,324	6,003	5,680	5,441	4,910	4,765	4,585	3,786	3,951
Preferred Stock	222	240	-	-	222	222	222	222	222	222
Total Common Equity	7,066	7,103	6,003	5,680	5,219	4,688	4,543	4,363	3,564	3,729
Common Stock	5,441	5,626	4,969	4,510	4,287	3,864	3,740	3,791	3,827	4,160
Retained Earnings	1,644	1,579	1,139	1,279	1,085	1,015	976	651	-152	-449
Treasury Stock	-10	-124	-124	-124	-124	-124	-126	-129	-129	0.00
Accumulated Other Comprehensive Income / (Loss)	-8.75	22	19	15	-28	-67	-47	50	17	18
Noncontrolling Interest	432	426	586	268	76	26	13	62	70	119

This table presents SL Green Realty's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	9/30/2024	3/31/2025
Total Assets	12,716	12,342	10,041	9,691	9,764	10,216	11,411
Total Current Assets	426	394	348	356	391	382	404
Cash & Equivalents	201	159	192	190	196	188	180
Restricted Cash	184	198	119	120	122	127	157
Accounts Receivable	41	36	37	47	51	67	67
Plant, Property, & Equipment, net	6,415	6,117	4,014	4,041	4,161	4,205	4,504
Plant, Property & Equipment, gross	8,421	8,217	5,964	6,039	6,239	6,290	6,679
Accumulated Depreciation	2,006	2,101	1,950	1,998	2,078	2,085	2,175
Total Noncurrent Assets	5,875	5,832	5,651	5,293	5,212	5,629	6,503
Long-Term Investments	3,202	3,175	3,238	3,162	2,995	2,888	2,725
Other Noncurrent Operating Assets	2,673	2,657	2,412	2,131	2,217	2,741	3,778
Total Liabilities & Shareholders' Equity	12,716	12,342	10,041	9,691	9,764	10,216	11,411
Total Liabilities	7,492	7,362	5,461	5,169	5,522	6,136	6,972
Total Current Liabilities	218	189	154	186	155	168	164
Accounts Payable	175	151	117	146	101	125	123
Dividends Payable	24	22	22	22	20	20	22
Other Current Nonoperating Liabilities	19	16	16	18	34	23	18
Total Noncurrent Liabilities	7,274	7,173	5,306	4,983	5,366	5,967	6,809
Long-Term Debt	5,614	5,577	3,805	3,351	3,786	4,425	5,271
Capital Lease Obligations	1,016	998	995	993	929	922	914
Noncurrent Deferred Revenue	280	265	126	136	158	155	166
Other Noncurrent Operating Liabilities	363	334	381	503	494	466	458
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	472	451	421	415	439	460	485
Total Equity & Noncontrolling Interests	4,752	4,529	4,160	4,107	3,804	3,620	3,953
Total Preferred & Common Equity	4,688	4,460	4,093	4,040	3,736	3,556	3,836
Preferred Stock	222	222	222	222	222	222	222
Total Common Equity	4,466	4,239	3,871	3,818	3,514	3,334	3,615
Common Stock	3,781	3,799	3,806	3,814	3,832	3,867	4,157
Retained Earnings	756	549	136	62	-230	-376	-538
Accumulated Other Comprehensive Income / (Loss)	58	19	58	70	40	-27	-4.84
Noncontrolling Interest	65	69	67	68	68	64	117

This table displays calculated financial ratios and metrics derived from SL Green Realty's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.40%	12.10%	-18.91%	-18.80%	0.95%	-15.03%	-18.18%	6.75%	-0.62%	-3.00%
EBITDA Growth	56.31%	-100.47%	22,734.34%	-53.34%	43.16%	0.39%	19.59%	-56.33%	-121.98%	496.48%
EBIT Growth	71.33%	-301.52%	129.02%	-12.45%	103.78%	-8.78%	59.63%	-75.71%	-317.73%	134.46%
NOPAT Growth	118.28%	-255.87%	140.91%	58.59%	0.38%	-84.75%	143.14%	13.99%	-237.49%	112.37%
Net Income Growth	-41.84%	-12.14%	-63.76%	167.99%	7.62%	42.29%	15.88%	-115.88%	-685.47%	105.04%
EPS Growth	-48.37%	-100.00%	0.00%	167.99%	7.62%	42.29%	15.88%	-122.92%	-512.08%	100.88%
Operating Cash Flow Growth	7.36%	22.32%	68.63%	-59.34%	-14.74%	47.22%	-53.81%	7.86%	-16.87%	-43.53%
Free Cash Flow Firm Growth	-14.77%	293.34%	-49.51%	7.61%	-65.32%	148.55%	-102.24%	-1,854.39%	387.00%	-150.94%
Invested Capital Growth	16.76%	-26.94%	-14.37%	-16.93%	-4.29%	-21.49%	2.73%	14.38%	-33.05%	23.53%
Revenue Q/Q Growth	2.39%	-2.67%	-0.85%	-3.48%	-0.72%	-6.50%	-2.60%	12.99%	0.00%	0.00%
EBITDA Q/Q Growth	57.84%	-100.41%	18,411.57%	-60.29%	37.07%	26.95%	5.88%	-33.29%	-129.72%	57.98%
EBIT Q/Q Growth	579.60%	-367.46%	131.78%	-60.71%	85.42%	66.97%	10.20%	-58.08%	0.00%	0.00%
NOPAT Q/Q Growth	515.05%	-367.46%	150.33%	-4.39%	-2.00%	-65.82%	25.96%	5.49%	0.00%	0.00%
Net Income Q/Q Growth	18.22%	-17.77%	-13.40%	-26.30%	39.53%	73.78%	-34.08%	-26.26%	0.00%	0.00%
EPS Q/Q Growth	20.00%	-100.00%	166.41%	-26.30%	39.53%	73.78%	-34.08%	-19.20%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	20.71%	-9.58%	13.16%	-55.46%	0.00%	36.85%	-38.66%	-12.24%	10.45%	8.37%
Free Cash Flow Firm Q/Q Growth	7.31%	-11.55%	2,703.81%	-34.06%	492.81%	51.23%	-102.68%	45.12%	-15.28%	-48.94%
Invested Capital Q/Q Growth	3.47%	2.49%	-8.15%	1.88%	-5.29%	-15.49%	6.61%	-3.05%	-0.71%	6.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	98.03%	18.42%	97.80%	100.00%	97.32%	96.65%	95.03%	90.30%	88.92%	87.39%
EBITDA Margin	60.75%	-0.26%	71.75%	41.22%	58.46%	69.07%	100.97%	41.30%	-9.13%	37.34%
Operating Margin	22.97%	-45.62%	16.11%	31.47%	31.29%	5.62%	16.69%	17.82%	-35.22%	3.15%
EBIT Margin	25.38%	-45.62%	16.33%	17.61%	35.54%	38.16%	74.45%	16.94%	-37.11%	13.18%
Profit (Net Income) Margin	19.09%	14.96%	6.69%	22.07%	23.53%	39.40%	55.80%	-8.30%	-65.59%	3.41%
Tax Burden Percent	250.09%	-35.10%	1,702.64%	89.80%	89.41%	109.30%	89.66%	-932.57%	105.71%	111.12%
Interest Burden Percent	30.08%	93.43%	2.41%	139.58%	74.03%	94.46%	83.59%	5.25%	167.19%	23.28%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.34%	-3.92%	2.05%	3.84%	4.34%	0.76%	2.07%	2.17%	-3.35%	0.46%
ROIC Less NNEP Spread (ROIC-NNEP)	1.55%	9.10%	-1.55%	0.07%	0.50%	19.08%	23.91%	-8.08%	-21.62%	0.61%
Return on Net Nonoperating Assets (RNNOA)	1.52%	7.21%	-0.77%	0.03%	0.20%	6.33%	6.82%	-3.64%	-9.46%	0.22%
Return on Equity (ROE)	3.87%	3.29%	1.27%	3.87%	4.54%	7.09%	8.89%	-1.47%	-12.81%	0.69%
Cash Return on Invested Capital (CROIC)	-13.12%	27.21%	17.53%	22.34%	8.72%	24.84%	-0.63%	-11.25%	36.24%	-20.59%
Operating Return on Assets (OROA)	2.29%	-4.78%	1.65%	1.62%	3.45%	3.28%	5.63%	1.33%	-3.10%	1.17%
Return on Assets (ROA)	1.72%	1.57%	0.68%	2.03%	2.28%	3.39%	4.22%	-0.65%	-5.48%	0.30%
Return on Common Equity (ROCE)	3.24%	2.75%	1.05%	3.23%	3.85%	6.00%	7.59%	-1.25%	-10.86%	0.57%
Return on Equity Simple (ROE_SIMPLE)	4.36%	3.81%	1.68%	4.77%	5.36%	8.45%	10.09%	-1.66%	-15.83%	0.76%
Net Operating Profit after Tax (NOPAT)	382	-595	244	386	388	59	144	164	-225	28
NOPAT Margin	22.97%	-31.94%	16.11%	31.47%	31.29%	5.62%	16.69%	17.82%	-24.66%	3.15%
Net Nonoperating Expense Percent (NNEP)	0.80%	-13.01%	3.59%	3.77%	3.84%	-18.32%	-21.84%	10.25%	18.27%	-0.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.47%	-2.72%	0.30%
Cost of Revenue to Revenue	1.97%	0.00%	2.20%	0.00%	2.68%	3.35%	4.97%	9.70%	11.08%	12.61%
SG&A Expenses to Revenue	24.53%	5.35%	25.94%	29.01%	27.14%	28.93%	30.43%	32.06%	36.71%	33.76%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.06%	100.25%	81.69%	68.53%	66.03%	91.03%	78.34%	72.48%	124.15%	84.25%
Earnings before Interest and Taxes (EBIT)	422	-850	247	216	440	402	641	156	-339	117
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,010	-4.79	1,084	506	724	727	870	380	-83	331
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.96	0.95	1.06	0.79	0.97	0.70	0.86	0.43	0.78	1.20
Price to Tangible Book Value (P/TBV)	0.96	0.95	1.06	0.79	0.97	0.70	0.86	0.43	0.78	1.20
Price to Revenue (P/Rev)	4.07	3.63	4.21	3.64	4.10	3.10	4.54	2.02	3.03	5.03
Price to Earnings (P/E)	25.16	0.00	73.59	19.23	19.88	9.17	9.00	0.00	0.00	631.77
Dividend Yield	3.75%	4.45%	4.92%	6.35%	5.49%	8.66%	9.95%	12.84%	7.55%	4.45%
Earnings Yield	3.97%	0.00%	1.36%	5.20%	5.03%	10.91%	11.11%	0.00%	0.00%	0.16%
Enterprise Value to Invested Capital (EV/IC)	0.84	0.97	1.01	0.86	0.97	0.77	0.89	0.68	0.85	1.10
Enterprise Value to Revenue (EV/Rev)	8.83	6.65	7.31	6.38	6.87	5.01	7.30	6.00	4.99	8.30
Enterprise Value to EBITDA (EV/EBITDA)	14.53	0.00	10.19	15.48	11.75	7.25	7.23	14.52	0.00	22.23
Enterprise Value to EBIT (EV/EBIT)	34.79	0.00	44.75	36.24	19.34	13.12	9.81	35.41	0.00	62.96
Enterprise Value to NOPAT (EV/NOPAT)	38.44	0.00	45.35	20.28	21.96	89.12	43.77	33.66	0.00	263.90
Enterprise Value to Operating Cash Flow (EV/OCF)	27.88	19.25	10.17	17.74	22.62	9.51	24.58	19.98	19.86	56.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.00	5.29	3.49	10.93	2.72	0.00	0.00	1.87	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.95	0.77	0.80	0.84	0.89	0.99	0.93	1.28	1.04	1.12
Long-Term Debt to Equity	0.95	0.77	0.80	0.84	0.89	0.99	0.93	1.28	1.04	1.12
Financial Leverage	0.98	0.79	0.50	0.44	0.39	0.33	0.29	0.45	0.44	0.37
Leverage Ratio	2.24	2.10	1.88	1.91	1.99	2.09	2.11	2.25	2.34	2.27
Compound Leverage Factor	0.67	1.96	0.05	2.67	1.47	1.97	1.76	0.12	3.91	0.53
Debt to Total Capital	48.73%	43.35%	44.33%	45.70%	47.20%	49.65%	48.31%	56.10%	50.94%	52.89%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	48.73%	43.35%	44.33%	45.70%	47.20%	49.65%	48.31%	56.10%	50.94%	52.89%
Preferred Equity to Total Capital	1.35%	1.60%	0.00%	0.00%	1.89%	2.03%	2.16%	1.91%	2.56%	2.30%
Noncontrolling Interests to Total Capital	6.93%	7.99%	10.22%	7.83%	6.54%	5.37%	5.38%	4.39%	5.46%	6.24%
Common Equity to Total Capital	42.99%	47.19%	45.45%	46.47%	44.37%	42.94%	44.15%	37.59%	41.04%	38.57%
Debt to EBITDA	7.93	-1,361.68	5.40	11.04	7.67	7.45	5.72	17.15	-53.01	15.46
Net Debt to EBITDA	6.48	-872.16	3.08	4.76	3.37	1.64	1.84	7.71	-13.13	6.26
Long-Term Debt to EBITDA	7.93	-1,361.68	5.40	11.04	7.67	7.45	5.72	17.15	-53.01	15.46
Debt to NOPAT	20.97	-10.96	24.04	14.46	14.32	91.69	34.58	39.74	-19.64	183.50
Net Debt to NOPAT	17.15	-7.02	13.70	6.23	6.30	20.23	11.14	17.86	-4.86	74.27
Long-Term Debt to NOPAT	20.97	-10.96	24.04	14.46	14.32	91.69	34.58	39.74	-19.64	183.50
Altman Z-Score	0.63	0.63	0.85	0.73	0.79	0.65	0.81	0.37	0.30	0.54
Noncontrolling Interest Sharing Ratio	16.10%	16.43%	17.47%	16.49%	15.16%	15.37%	14.65%	14.48%	15.26%	17.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	0.80	0.95	0.88	0.97	1.32	1.25	2.34	1.99	2.50
Quick Ratio	0.93	0.63	0.95	0.88	0.97	0.98	0.71	1.39	1.40	1.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,138	4,134	2,087	2,246	779	1,936	-43	-849	2,437	-1,241
Operating Cash Flow to CapEx	20.73%	0.00%	148.90%	140.19%	73.02%	101.70%	167.54%	75.59%	88.38%	61.17%
Free Cash Flow to Firm to Interest Expense	-6.60	0.00	8.12	9.95	4.09	0.00	-0.60	-9.49	17.66	-10.51
Operating Cash Flow to Interest Expense	1.63	0.00	4.22	1.96	1.98	0.00	3.53	3.09	1.66	1.10
Operating Cash Flow Less CapEx to Interest Expense	-6.21	0.00	1.39	0.56	-0.73	0.00	1.42	-1.00	-0.22	-0.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.10	0.10	0.09	0.10	0.09	0.08	0.08	0.08	0.09
Accounts Receivable Turnover	0.00	0.00	27.13	24.74	28.96	23.80	18.70	16.80	17.03	15.23
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.12	0.15	0.16	0.17	0.19	0.18	0.18	0.17	0.18	0.21
Accounts Payable Turnover	0.18	0.00	0.20	0.00	0.21	0.22	0.28	0.57	0.66	0.81
Days Sales Outstanding (DSO)	0.00	0.00	13.45	14.75	12.60	15.34	19.52	21.73	21.43	23.96
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2,053.55	0.00	1,799.82	0.00	1,726.49	1,645.25	1,317.90	639.19	555.43	450.52
Cash Conversion Cycle (CCC)	-2,053.55	0.00	-1,786.37	14.75	-1,713.88	-1,629.91	-1,298.38	-617.46	-534.00	-426.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,558	12,829	10,985	9,125	8,733	6,856	7,044	8,057	5,394	6,663
Invested Capital Turnover	0.10	0.12	0.13	0.12	0.14	0.14	0.12	0.12	0.14	0.15
Increase / (Decrease) in Invested Capital	2,520	-4,729	-1,844	-1,860	-391	-1,877	187	1,013	-2,662	1,269
Enterprise Value (EV)	14,681	12,396	11,045	7,831	8,515	5,269	6,292	5,515	4,559	7,356
Market Capitalization	6,771	6,774	6,360	4,467	5,080	3,265	3,914	1,857	2,767	4,460
Book Value per Share	$70.16	$69.08	$60.17	$65.82	$64.33	$63.70	$67.39	$67.52	$55.07	$56.57
Tangible Book Value per Share	$70.16	$69.08	$60.17	$65.82	$64.33	$63.70	$67.39	$67.52	$55.07	$56.57
Total Capital	16,434	15,051	13,208	12,221	11,763	10,917	10,290	11,606	8,684	9,670
Total Debt	8,008	6,524	5,855	5,585	5,553	5,421	4,971	6,511	4,424	5,115
Total Long-Term Debt	8,008	6,524	5,855	5,585	5,553	5,421	4,971	6,511	4,424	5,115
Net Debt	6,549	4,179	3,336	2,408	2,444	1,196	1,602	2,926	1,096	2,070
Capital Expenditures (CapEx)	2,540	-453	729	315	516	545	153	365	260	212
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-276	-478	-169	-186	-202	-271	-233	-129	-146	-90
Debt-free Net Working Capital (DFNWC)	-21	-108	-12	-28	-6.26	102	104	255	190	242
Net Working Capital (NWC)	-21	-108	-12	-28	-6.26	102	104	255	190	242
Net Nonoperating Expense (NNE)	64	-874	142	115	96	-356	-337	240	374	-2.35
Net Nonoperating Obligations (NNO)	9,132	4,302	3,632	2,489	2,523	1,360	1,725	2,962	1,134	2,109
Total Depreciation and Amortization (D&A)	588	846	838	290	284	325	228	224	256	214
Debt-free, Cash-free Net Working Capital to Revenue	-16.60%	-25.65%	-11.16%	-15.15%	-16.32%	-25.73%	-27.09%	-14.01%	-15.97%	-10.17%
Debt-free Net Working Capital to Revenue	-1.24%	-5.80%	-0.81%	-2.26%	-0.51%	9.68%	12.04%	27.76%	20.75%	27.25%
Net Working Capital to Revenue	-1.24%	-5.80%	-0.81%	-2.26%	-0.51%	9.68%	12.04%	27.76%	20.75%	27.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.87	$2.49	$0.93	$0.00	$0.00	$5.03	$6.57	($1.49)	($9.12)	$0.08
Adjusted Weighted Average Basic Shares Outstanding	93.66M	94.45M	92.93M	81.79M	0.00	70.40M	65.74M	63.92M	63.81M	65.06M
Adjusted Diluted Earnings per Share	$2.86	$2.48	$0.92	$0.00	$0.00	$5.02	$6.50	($1.49)	($9.12)	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	97.80M	98.88M	97.49M	86.29M	0.00	74.95M	70.77M	67.93M	67.97M	65.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	65.46M	64.67M	65.11M	71.31M
Normalized Net Operating Profit after Tax (NOPAT)	281	-595	295	270	276	41	120	119	43	93
Normalized NOPAT Margin	16.89%	-31.94%	19.55%	22.03%	22.30%	3.93%	13.92%	12.99%	4.72%	10.45%
Pre Tax Income Margin	7.63%	-42.62%	0.39%	24.57%	26.31%	36.04%	62.23%	0.89%	-62.05%	3.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.30	0.00	0.96	0.96	2.31	0.00	8.85	1.74	-2.46	0.99
NOPAT to Interest Expense	1.18	0.00	0.95	1.71	2.04	0.00	1.98	1.83	-1.63	0.24
EBIT Less CapEx to Interest Expense	-6.54	0.00	-1.88	-0.44	-0.39	0.00	6.74	-2.34	-4.34	-0.80
NOPAT Less CapEx to Interest Expense	-6.66	0.00	-1.89	0.32	-0.67	0.00	-0.12	-2.25	-3.51	-1.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	84.13%	117.15%	740.15%	121.18%	119.03%	74.30%	59.68%	-403.95%	-41.00%	794.21%
Augmented Payout Ratio	84.13%	117.15%	2,335.70%	495.37%	260.34%	208.32%	136.06%	-655.71%	-42.51%	920.53%

This table displays calculated financial ratios and metrics derived from SL Green Realty's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.54%	49.88%	30.75%	9.74%	-1.07%	0.00%	-23.55%	9.28%	0.00%	27.66%
EBITDA Growth	-67.11%	-53.64%	-39.98%	-904.11%	-27.96%	-69.12%	-176.57%	43.97%	9.12%	370.94%
EBIT Growth	-80.04%	-71.03%	-190.06%	-1,629.71%	-59.67%	-100.00%	-186.28%	145.37%	0.00%	142.35%
NOPAT Growth	4.63%	53.71%	-160.05%	-621.82%	-86.53%	-100.00%	-83.68%	333.04%	0.00%	186.93%
Net Income Growth	-97.06%	-32.94%	-384.44%	-899.31%	-277.66%	0.00%	147.94%	57.30%	0.00%	-217.16%
EPS Growth	-98.14%	-29.49%	-672.73%	-704.29%	-445.45%	0.00%	131.75%	44.74%	0.00%	-250.00%
Operating Cash Flow Growth	-23.43%	-59.27%	-47.98%	-38.99%	0.00%	82.03%	-158.27%	0.00%	20.78%	127.19%
Free Cash Flow Firm Growth	-205.96%	-477.08%	-3,133.26%	1,815.81%	274.79%	369.31%	326.16%	-127.83%	-147.67%	-180.64%
Invested Capital Growth	25.77%	14.38%	14.44%	-13.59%	-34.62%	-33.05%	-29.59%	15.34%	23.53%	33.92%
Revenue Q/Q Growth	5.47%	49.48%	-22.62%	-1.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	235.03%	60.12%	-36.99%	-593.81%	130.01%	-31.36%	-174.29%	0.00%	-47.98%	87.79%
EBIT Q/Q Growth	382.70%	70.08%	-972.17%	-925.97%	106.59%	-100.00%	0.00%	0.00%	-100.00%	0.00%
NOPAT Q/Q Growth	44.59%	-53.82%	-220.63%	-1,108.07%	103.73%	-100.00%	0.00%	0.00%	-100.00%	0.00%
Net Income Q/Q Growth	132.18%	-624.53%	40.11%	-888.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	115.71%	-1,018.18%	37.62%	-793.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-33.49%	-60.62%	60.05%	45.56%	0.00%	0.00%	-151.23%	0.00%	0.00%	-88.47%
Free Cash Flow Firm Q/Q Growth	-4,444.03%	40.08%	-4.20%	170.44%	296.34%	-7.68%	-70.87%	0.00%	-58.14%	-49.10%
Invested Capital Q/Q Growth	22.96%	-3.05%	0.05%	-27.55%	-6.97%	-0.71%	0.00%	0.00%	6.33%	14.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	99.86%	74.04%	91.22%	96.99%	80.94%	0.00%	88.36%	80.73%	0.00%	90.93%
EBITDA Margin	48.13%	51.56%	20.32%	-111.02%	35.05%	0.00%	-20.35%	46.17%	0.00%	43.20%
Operating Margin	24.89%	7.69%	-11.98%	-123.30%	4.84%	0.00%	-20.16%	13.43%	0.00%	19.61%
EBIT Margin	24.36%	27.72%	-12.56%	-143.25%	9.93%	0.00%	-47.03%	22.30%	0.00%	15.60%
Profit (Net Income) Margin	5.75%	-20.17%	-15.61%	-171.54%	-10.32%	0.00%	9.79%	-4.03%	0.00%	-8.98%
Tax Burden Percent	153.89%	-334.31%	100.00%	106.14%	330.30%	0.00%	100.00%	-150.29%	0.00%	102.29%
Interest Burden Percent	15.33%	21.77%	124.27%	112.83%	-31.47%	0.00%	-20.81%	12.04%	0.00%	-56.29%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.72%	0.94%	-1.09%	-12.09%	0.00%	0.00%	-2.51%	0.00%	0.00%	1.94%
ROIC Less NNEP Spread (ROIC-NNEP)	0.71%	-2.84%	-1.82%	-25.76%	0.00%	0.00%	-0.02%	0.00%	0.00%	-0.43%
Return on Net Nonoperating Assets (RNNOA)	0.26%	-1.28%	-0.86%	-7.21%	0.00%	0.00%	-0.01%	0.00%	0.00%	-0.23%
Return on Equity (ROE)	2.98%	-0.34%	-1.94%	-19.30%	0.00%	0.00%	-2.52%	0.00%	0.00%	1.71%
Cash Return on Invested Capital (CROIC)	-20.75%	-11.25%	-12.54%	12.23%	41.86%	36.24%	31.36%	-14.25%	-20.59%	-27.81%
Operating Return on Assets (OROA)	1.68%	2.18%	-1.05%	-12.18%	0.00%	0.00%	-3.64%	0.00%	0.00%	1.38%
Return on Assets (ROA)	0.40%	-1.58%	-1.31%	-14.59%	0.00%	0.00%	0.76%	0.00%	0.00%	-0.80%
Return on Common Equity (ROCE)	2.55%	-0.29%	-1.65%	-16.34%	0.00%	0.00%	-2.12%	0.00%	0.00%	1.41%
Return on Equity Simple (ROE_SIMPLE)	-1.29%	0.00%	-2.87%	-11.47%	0.00%	0.00%	-14.52%	0.00%	0.00%	-0.25%
Net Operating Profit after Tax (NOPAT)	53	24	-21	-191	7.12	0.00	-38	31	0.00	33
NOPAT Margin	24.89%	7.69%	-8.39%	-86.31%	3.39%	0.00%	-20.16%	13.43%	0.00%	13.73%
Net Nonoperating Expense Percent (NNEP)	2.01%	3.78%	0.73%	13.67%	1.44%	0.00%	-2.49%	2.59%	0.00%	2.37%
Return On Investment Capital (ROIC_SIMPLE)	-	0.22%	-	-	-	0.00%	-	-	0.00%	0.32%
Cost of Revenue to Revenue	0.14%	25.96%	8.78%	3.01%	19.06%	0.00%	11.64%	19.27%	0.00%	9.07%
SG&A Expenses to Revenue	34.68%	26.48%	33.22%	31.65%	34.55%	0.00%	37.96%	30.78%	0.00%	35.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	74.98%	66.35%	103.21%	220.29%	76.10%	0.00%	108.51%	67.30%	0.00%	71.32%
Earnings before Interest and Taxes (EBIT)	52	88	-31	-317	21	0.00	-88	51	0.00	37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	164	50	-245	74	51	-38	106	55	104
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.50	0.43	0.32	0.50	0.59	0.78	1.00	1.35	1.20	1.13
Price to Tangible Book Value (P/TBV)	0.50	0.43	0.32	0.50	0.59	0.78	1.00	1.35	1.20	1.13
Price to Revenue (P/Rev)	2.73	2.02	1.39	2.22	0.00	3.03	4.09	0.00	5.03	4.36
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	631.77	0.00
Dividend Yield	17.38%	12.84%	16.97%	12.06%	9.54%	7.55%	5.85%	4.38%	4.45%	5.28%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.68	0.64	0.67	0.71	0.85	0.99	1.18	1.10	1.06
Enterprise Value to Revenue (EV/Rev)	7.40	6.00	5.26	4.44	0.00	4.99	6.58	0.00	8.30	8.57
Enterprise Value to EBITDA (EV/EBITDA)	10.58	14.52	19.64	0.00	13.65	0.00	0.00	35.36	22.23	17.01
Enterprise Value to EBIT (EV/EBIT)	16.20	35.41	840.46	0.00	0.00	0.00	0.00	0.00	62.96	33.14
Enterprise Value to NOPAT (EV/NOPAT)	38.76	33.66	73.44	0.00	0.00	0.00	0.00	0.00	263.90	101.85
Enterprise Value to Operating Cash Flow (EV/OCF)	19.14	19.98	21.70	19.81	18.45	19.86	34.68	61.94	56.76	49.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	5.08	1.33	1.87	2.62	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.27	1.28	1.32	1.05	0.96	1.04	1.11	1.31	1.12	1.39
Long-Term Debt to Equity	1.27	1.28	1.32	1.05	0.96	1.04	1.11	1.31	1.12	1.39
Financial Leverage	0.37	0.45	0.47	0.28	0.41	0.44	0.49	0.36	0.37	0.53
Leverage Ratio	2.17	2.25	2.27	2.11	2.30	2.34	2.40	2.31	2.27	2.44
Compound Leverage Factor	0.33	0.49	2.83	2.38	-0.72	0.00	-0.50	0.28	0.00	-1.37
Debt to Total Capital	55.93%	56.10%	56.90%	51.17%	48.99%	50.94%	52.64%	56.72%	52.89%	58.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.93%	56.10%	56.90%	51.17%	48.99%	50.94%	52.64%	56.72%	52.89%	58.22%
Preferred Equity to Total Capital	1.87%	1.91%	1.92%	2.37%	2.50%	2.56%	2.48%	2.35%	2.30%	2.09%
Noncontrolling Interests to Total Capital	4.52%	4.39%	4.50%	5.20%	5.44%	5.46%	5.66%	5.56%	6.24%	5.66%
Common Equity to Total Capital	37.67%	37.59%	36.68%	41.26%	43.07%	41.04%	39.23%	35.37%	38.57%	34.03%
Debt to EBITDA	11.65	17.15	25.10	-318.35	15.47	-53.01	-23.11	25.53	15.46	13.08
Net Debt to EBITDA	5.35	7.71	11.61	-82.94	3.10	-13.13	-6.87	10.23	6.26	6.61
Long-Term Debt to EBITDA	11.65	17.15	25.10	-318.35	15.47	-53.01	-23.11	25.53	15.46	13.08
Debt to NOPAT	42.68	39.74	93.86	-32.41	0.00	-19.64	-20.39	0.00	183.50	78.34
Net Debt to NOPAT	19.59	17.86	43.43	-8.45	0.00	-4.86	-6.06	0.00	74.27	39.56
Long-Term Debt to NOPAT	42.68	39.74	93.86	-32.41	0.00	-19.64	-20.39	0.00	183.50	78.34
Altman Z-Score	0.36	0.35	0.26	0.24	0.30	0.41	0.43	0.43	0.50	0.40
Noncontrolling Interest Sharing Ratio	14.31%	14.48%	14.88%	15.34%	15.01%	0.00%	15.94%	16.86%	0.00%	17.88%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.95	2.34	2.09	2.26	1.92	1.99	2.51	2.27	2.50	2.47
Quick Ratio	1.11	1.39	1.03	1.48	1.27	1.40	1.59	1.51	1.59	1.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,650	-989	-1,038	728	2,884	2,662	2,347	-803	-1,269	-1,892
Operating Cash Flow to CapEx	0.00%	8.80%	0.00%	0.00%	0.00%	73.39%	-44.61%	0.00%	118.29%	5.97%
Free Cash Flow to Firm to Interest Expense	-75.60	-26.28	0.00	17.91	105.09	0.00	75.29	-17.67	0.00	-31.72
Operating Cash Flow to Interest Expense	3.08	0.70	0.00	1.52	0.00	0.00	-0.79	0.00	0.00	0.11
Operating Cash Flow Less CapEx to Interest Expense	3.08	-7.29	0.00	1.52	0.00	0.00	-2.57	0.00	0.00	-1.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.08	0.08	0.09	0.00	0.08	0.08	0.00	0.09	0.09
Accounts Receivable Turnover	18.86	16.80	25.20	22.74	0.00	17.03	19.63	0.00	15.23	15.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.14	0.17	0.18	0.21	0.00	0.18	0.17	0.00	0.21	0.22
Accounts Payable Turnover	0.32	0.57	0.95	0.00	0.00	0.66	1.02	0.00	0.81	0.99
Days Sales Outstanding (DSO)	19.35	21.73	14.48	16.05	0.00	21.43	18.59	0.00	23.96	22.87
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,153.56	639.19	384.73	268,559.00	0.00	555.43	357.57	0.00	450.52	367.39
Cash Conversion Cycle (CCC)	-1,134.21	-617.46	-370.25	-268,542.95	0.00	-534.00	-338.98	0.00	-426.56	-344.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,310	8,057	8,061	5,840	5,433	5,394	5,676	6,267	6,663	7,601
Invested Capital Turnover	0.11	0.12	0.13	0.14	0.00	0.14	0.12	0.00	0.15	0.14
Increase / (Decrease) in Invested Capital	1,703	1,013	1,017	-918	-2,877	-2,662	-2,385	833	1,269	1,925
Enterprise Value (EV)	6,020	5,515	5,144	3,914	3,834	4,559	5,634	7,407	7,356	8,041
Market Capitalization	2,219	1,857	1,360	1,954	2,258	2,767	3,504	4,518	4,460	4,094
Book Value per Share	$68.71	$67.52	$65.54	$59.85	$59.01	$55.07	$54.62	$51.79	$56.57	$50.69
Tangible Book Value per Share	$68.71	$67.52	$65.54	$59.85	$59.01	$55.07	$54.62	$51.79	$56.57	$50.69
Total Capital	11,854	11,606	11,555	9,381	8,865	8,684	8,957	9,427	9,670	10,623
Total Debt	6,630	6,511	6,575	4,800	4,343	4,424	4,715	5,347	5,115	6,184
Total Long-Term Debt	6,630	6,511	6,575	4,800	4,343	4,424	4,715	5,347	5,115	6,184
Net Debt	3,043	2,926	3,042	1,251	871	1,096	1,401	2,143	2,070	3,123
Capital Expenditures (CapEx)	0.00	301	0.00	0.00	0.00	66	55	0.00	49	112
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-177	-129	-152	-118	-139	-146	-83	-102	-90	-97
Debt-free Net Working Capital (DFNWC)	208	255	205	194	170	190	235	213	242	240
Net Working Capital (NWC)	208	255	205	194	170	190	235	213	242	240
Net Nonoperating Expense (NNE)	41	88	18	188	29	0.00	-56	40	0.00	54
Net Nonoperating Obligations (NNO)	3,086	2,962	3,080	1,259	911	1,134	1,433	2,186	2,109	3,163
Total Depreciation and Amortization (D&A)	51	76	81	71	53	51	50	55	55	66
Debt-free, Cash-free Net Working Capital to Revenue	-21.74%	-14.01%	-15.59%	-13.32%	0.00%	-15.97%	-9.70%	0.00%	-10.17%	-10.34%
Debt-free Net Working Capital to Revenue	25.58%	27.76%	20.96%	21.95%	0.00%	20.75%	27.51%	0.00%	27.25%	25.58%
Net Working Capital to Revenue	25.58%	27.76%	20.96%	21.95%	0.00%	20.75%	27.51%	0.00%	27.25%	25.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	($1.01)	($0.63)	($5.63)	($0.38)	$0.00	$0.20	($0.21)	$0.00	($0.30)
Adjusted Weighted Average Basic Shares Outstanding	63.95M	63.92M	64.08M	64.10M	64.11M	63.81M	64.33M	64.39M	65.06M	70.42M
Adjusted Diluted Earnings per Share	$0.11	($1.01)	($0.63)	($5.63)	($0.38)	$0.00	$0.20	($0.21)	$0.00	($0.30)
Adjusted Weighted Average Diluted Shares Outstanding	68.90M	67.93M	68.18M	68.34M	68.30M	67.97M	70.10M	64.39M	65.69M	70.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	($1.01)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	64.62M	64.67M	64.68M	64.69M	64.72M	65.11M	65.11M	65.92M	71.31M	71.32M
Normalized Net Operating Profit after Tax (NOPAT)	37	17	-21	23	6.85	0.00	9.97	22	0.00	39
Normalized NOPAT Margin	17.42%	5.38%	-8.39%	10.55%	3.26%	0.00%	5.31%	9.40%	0.00%	16.22%
Pre Tax Income Margin	3.73%	6.03%	-15.61%	-161.62%	-3.12%	0.00%	9.79%	2.68%	0.00%	-8.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.37	2.34	0.00	-7.80	0.76	0.00	-2.83	1.13	0.00	0.63
NOPAT to Interest Expense	2.42	0.65	0.00	-4.70	0.26	0.00	-1.21	0.68	0.00	0.55
EBIT Less CapEx to Interest Expense	2.37	-5.66	0.00	-7.80	0.76	0.00	-4.61	1.13	0.00	-1.26
NOPAT Less CapEx to Interest Expense	2.42	-7.35	0.00	-4.70	0.26	0.00	-2.99	0.68	0.00	-1.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-511.94%	-403.95%	-233.07%	-61.91%	0.00%	-41.00%	-44.65%	0.00%	794.21%	-2,539.40%
Augmented Payout Ratio	-940.62%	-655.71%	-254.80%	-67.84%	0.00%	-42.51%	-48.79%	0.00%	920.53%	-2,856.91%

Frequently Asked Questions About SL Green Realty's Financials

When does SL Green Realty's financial year end?

According to the most recent income statement we have on file, SL Green Realty's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has SL Green Realty's net income changed over the last 9 years?

SL Green Realty's net income appears to be on a downward trend, with a most recent value of $30.22 million in 2024, falling from $317.46 million in 2015. The previous period was -$599.34 million in 2023. See where experts think SL Green Realty is headed by visiting SL Green Realty's forecast page.

What is SL Green Realty's operating income?

SL Green Realty's total operating income in 2024 was $27.87 million, based on the following breakdown:

Total Gross Profit: $774.53 million
Total Operating Expenses: $746.66 million

How has SL Green Realty revenue changed over the last 9 years?

Over the last 9 years, SL Green Realty's total revenue changed from $1.66 billion in 2015 to $886.27 million in 2024, a change of -46.7%.

How much debt does SL Green Realty have?

SL Green Realty's total liabilities were at $5.92 billion at the end of 2024, a 12.2% increase from 2023, and a 47.7% decrease since 2015.

How much cash does SL Green Realty have?

In the past 9 years, SL Green Realty's cash and equivalents has ranged from $127.89 million in 2017 to $279.44 million in 2016, and is currently $184.29 million as of their latest financial filing in 2024.

How has SL Green Realty's book value per share changed over the last 9 years?

Over the last 9 years, SL Green Realty's book value per share changed from 70.16 in 2015 to 56.57 in 2024, a change of -19.4%.

Related Companies

This page (NYSE:SLG) was last updated on 6/11/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SL Green Realty (SLG) Financials

Frequently Asked Questions About SL Green Realty's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

SL Green Realty (SLG) Financials

Annual Income Statements for SL Green Realty

Quarterly Income Statements for SL Green Realty

Annual Cash Flow Statements for SL Green Realty

Quarterly Cash Flow Statements for SL Green Realty

Annual Balance Sheets for SL Green Realty

Quarterly Balance Sheets for SL Green Realty

Annual Metrics And Ratios for SL Green Realty

Quarterly Metrics And Ratios for SL Green Realty

Frequently Asked Questions About SL Green Realty's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools