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SL Green Realty (SLG) Financials

SL Green Realty logo
$43.25 -0.40 (-0.92%)
Closing price 03:59 PM Eastern
Extended Trading
$43.10 -0.15 (-0.35%)
As of 07:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for SL Green Realty

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 269 -838 86 232 255 356 435 -93 -580 7.06 -112
Consolidated Net Income / (Loss)		 317 279 101 271 291 415 481 -76 -599 30 -97
Net Income / (Loss) Continuing Operations		 303 -795 101 271 291 379 481 -76 -599 30 -106
Total Pre-Tax Income 		127 -795 5.94 302 326 379 536 8.18 -567 27 -104
Total Operating Income		 382 -850 244 386 388 59 144 164 -322 28 151
Total Gross Profit		 1,630 343 1,478 1,227 1,206 1,017 819 830 812 775 887
Total Revenue		 1,663 1,864 1,511 1,227 1,239 1,053 861 919 914 886 1,003
Operating Revenue		 1,663 343 1,511 1,227 1,239 1,053 861 919 914 886 1,003
Total Cost of Revenue		 33 0.00 33 0.00 33 35 43 89 101 112 116
Operating Cost of Revenue		 33 - 33 - 33 - 43 89 101 112 116
Total Operating Expenses		 1,248 1,869 1,235 841 818 958 675 666 1,134 747 736
Selling, General & Admin Expense		 408 100 392 356 336 305 262 295 336 300 354
Depreciation Expense		 561 821 403 280 272 314 217 216 248 207 256
Amortization Expense		 27 25 16 12 12 12 11 7.82 7.84 6.62 7.05
Other Operating Expenses / (Income)		 233 248 244 193 191 328 157 141 160 129 87
Impairment Charge		 19 - 179 - 7.05 - 24 6.31 382 104 32
Total Other Income / (Expense), net		 -255 56 -238 -85 -62 320 392 -156 -245 -0.68 -255
Interest Expense		 324 - 257 226 191 0.00 72 89 138 118 248
Interest & Investment Income		 29 56 16 311 76 -22 -33 -58 -90 28 30
Other Income / (Expense), net		 40 0.00 3.26 -170 53 343 497 -8.12 -17 89 -36
Other Gains / (Losses), net		 176 - 95 -31 -35 - -55 -84 -32 3.03 -2.14
Other Adjustments to Consolidated Net Income / (Loss)		 - - - - - - - - 0.00 0.00 8.79
Preferred Stock Dividends Declared		 15 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 -0.01
Basic Earnings per Share		 $2.71 $0.00 $0.87 $2.75 $3.29 $5.03 $6.57 ($1.49) ($9.12) $0.08 ($1.61)
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 70.44M
Diluted Earnings per Share		 $2.70 $0.00 $0.87 $2.75 $3.28 $5.01 $6.50 ($1.49) ($9.12) $0.08 ($1.61)
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 70.44M
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 71.03M
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 $3.09

Quarterly Income Statements for SL Green Realty

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -24 - 13 -2.16 -13 - -21 -11 25 -105 -84
Consolidated Net Income / (Loss)		 -22 - 18 1.96 -9.26 - -22 -6.82 35 -104 -77
Net Income / (Loss) Continuing Operations		 -22 - 18 1.96 -9.26 - -22 -18 34 -100 -80
Total Pre-Tax Income 		-6.57 - 18 4.70 -17 - -23 5.13 35 -123 -59
Total Operating Income		 10 - -38 25 31 - 47 83 4.40 16 -14
Total Gross Profit		 170 - 166 200 192 - 212 211 209 249 221
Total Revenue		 210 - 188 223 230 - 240 242 245 276 253
Operating Revenue		 210 - 188 223 230 - 240 242 245 276 253
Total Cost of Revenue		 40 - 22 23 38 - 28 31 36 28 32
Operating Cost of Revenue		 40 - 22 23 38 - 28 31 36 28 32
Total Operating Expenses		 160 - 204 220 161 - 165 128 204 232 235
Selling, General & Admin Expense		 73 - 71 73 77 - 78 73 101 96 85
Depreciation Expense		 51 - 49 52 53 - 64 60 63 68 70
Amortization Expense		 2.15 - 1.54 1.68 1.67 - 1.69 1.74 1.72 1.90 2.80
Other Operating Expenses / (Income)		 35 - 30 34 29 - 12 -6.99 39 43 42
Impairment Charge		 -0.39 - 52 14 0.00 - 8.55 0.00 0.00 24 35
Total Other Income / (Expense), net		 -17 - 56 -21 -48 - -70 -78 31 -139 -46
Interest Expense		 27 - 31 18 45 - 60 66 58 64 66
Interest & Investment Income		 0.00 - 138 -3.80 -15 - 0.00 -1.95 78 -47 -0.81
Other Income / (Expense), net		 11 - -50 1.27 13 - -10 -9.78 11 -28 21
Other Gains / (Losses), net		 -15 - 0.00 -2.74 7.47 - 1.17 -23 -1.07 22 -21
Other Adjustments to Consolidated Net Income / (Loss)		 - - - - 0.00 - 0.00 11 1.18 - 2.48
Preferred Stock Dividends Declared		 3.74 - 3.74 3.74 3.74 - 3.74 3.74 3.74 3.74 3.74
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.47 - 1.51 0.38 0.28 - -4.21 0.54 6.55 -2.89 3.26
Basic Earnings per Share		 ($0.38) - $0.20 ($0.04) ($0.21) - ($0.30) ($0.16) $0.35 ($1.50) ($1.20)
Weighted Average Basic Shares Outstanding		 64.11M 63.81M 64.33M 64.35M 64.39M 65.06M 70.42M 70.44M 70.44M 70.44M 70.69M
Diluted Earnings per Share		 ($0.38) - $0.20 ($0.04) ($0.21) - ($0.30) ($0.16) $0.34 ($1.49) ($1.20)
Weighted Average Diluted Shares Outstanding		 68.30M 67.97M 70.10M 68.74M 64.39M 65.69M 70.42M 70.44M 71.15M 70.44M 70.69M
Weighted Average Basic & Diluted Shares Outstanding		 64.72M 65.11M 65.11M - 65.92M 71.31M 71.32M 71.32M 71.33M 71.03M 71.43M
Cash Dividends to Common per Share		 $0.81 $0.96 $0.75 $0.75 $0.75 - $0.77 $0.77 $0.77 - $0.62

Annual Cash Flow Statements for SL Green Realty

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -26 -119 -240 29 -38 131 -36 47 -49 -3.88 4.86
Net Cash From Operating Activities		 526 644 1,086 442 376 554 256 276 230 130 83
Net Cash From Continuing Operating Activities		 526 644 1,086 442 376 554 256 276 230 130 83
Net Income / (Loss) Continuing Operations		 317 279 202 271 291 415 481 -76 -599 30 -97
Consolidated Net Income / (Loss)		 317 279 202 271 291 415 481 -76 -599 30 -97
Depreciation Expense		 588 846 838 290 284 325 228 224 256 214 263
Non-Cash Adjustments To Reconcile Net Income		 -357 -385 134 -89 -86 -265 -333 169 570 18 16
Changes in Operating Assets and Liabilities, net		 -23 -96 -88 -30 -113 79 -121 -40 2.95 -133 -99
Net Cash From Investing Activities		 -2,266 1,973 44 682 114 1,056 994 426 171 119 -331
Net Cash From Continuing Investing Activities		 -2,266 1,973 44 682 114 1,056 994 426 171 119 -331
Purchase of Property, Plant & Equipment		 -3,060 -452 -729 -315 -516 -545 -153 -365 0.00 -212 -272
Acquisitions		 -162 -145 -778 -400 -129 -70 -89 -185 -184 -451 -176
Purchase of Investments		 -7.77 -43 -2,260 - 0.00 0.00 -106 0.00 -65 -12 -182
Sale of Property, Plant & Equipment		 520 905 - - - - - - 0.00 0.00 430
Sale and/or Maturity of Investments		 84 211 2,426 233 79 125 982 157 123 161 150
Other Investing Activities, net		 359 1,499 1,386 1,164 680 1,547 359 758 298 614 -282
Net Cash From Financing Activities		 1,713 -2,736 -1,370 -1,094 -529 -1,479 -1,285 -655 -449 -252 253
Net Cash From Continuing Financing Activities		 1,713 -2,736 -1,370 -1,094 -529 -1,479 -1,285 -655 -449 -252 253
Repayment of Debt		 -2,542 -4,198 -6,413 -3,458 -1,821 -3,132 -2,197 -2,164 -855 -1,580 -933
Repurchase of Preferred Equity		 -0.20 -3.30 -0.55 -1.21 -18 -83 -6.04 -18 -12 -2.50 0.00
Repurchase of Common Equity		 0.00 0.00 -1,613 -1,014 -412 -556 -367 -192 -9.08 -38 -22
Payment of Dividends		 -267 -327 -748 -328 -347 -308 -287 -308 -246 -240 -278
Issuance of Debt		 4,364 1,734 7,310 3,684 2,063 2,677 1,528 1,906 538 1,174 1,305
Issuance of Common Equity		 125 - - - - - - 0.00 0.00 387 193
Other Financing Activities, net		 34 58 94 22 6.60 -78 44 122 134 48 -12
Cash Interest Paid		 345 344 548 260 249 201 153 170 229 201 220
Cash Income Taxes Paid		 3.88 2.01 4.90 1.42 1.49 2.30 4.41 5.36 7.82 9.00 6.89

Quarterly Cash Flow Statements for SL Green Realty

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 - 26 -17 -2.69 - 17 5.39 5.79 14 -21 2.14
Net Cash From Operating Activities		 - 48 -25 79 - 58 6.71 54 -6.78 28 -18
Net Cash From Continuing Operating Activities		 - 48 -25 79 - 58 6.71 54 -6.78 28 -18
Net Income / (Loss) Continuing Operations		 - -160 18 1.96 - 19 -22 -6.82 35 -104 -77
Consolidated Net Income / (Loss)		 - -160 18 1.96 - 19 -22 -6.82 35 -104 -77
Depreciation Expense		 - 51 50 54 - 55 64 62 65 70 70
Amortization Expense		 - - - - - - 1.69 - - - 2.80
Non-Cash Adjustments To Reconcile Net Income		 - 172 -23 21 - 12 11 -4.40 -74 83 53
Changes in Operating Assets and Liabilities, net		 - -14 -70 2.31 - -29 -49 3.80 -33 -21 -65
Net Cash From Investing Activities		 - -100 -3.71 126 - 156 -176 132 3.39 -290 -692
Net Cash From Continuing Investing Activities		 - -100 -3.71 126 - 156 -176 132 3.39 -290 -692
Purchase of Property, Plant & Equipment		 - -66 0.00 - - -49 -112 - 2.06 -161 -664
Acquisitions		 - -65 -24 -301 - -79 -37 -20 -88 -30 -46
Purchase of Investments		 - - -6.95 -6.93 - -6.76 -12 -37 -55 -78 -139
Sale and/or Maturity of Investments		 - 32 -2.77 61 - 62 15 15 33 97 207
Other Investing Activities, net		 - -1.44 30 373 - 210 -30 175 -318 -118 -50
Net Cash From Financing Activities		 - 78 11 -208 - -198 175 -180 18 241 712
Net Cash From Continuing Financing Activities		 - 78 11 -208 - -198 175 -181 18 241 712
Repayment of Debt		 - -43 -42 -714 - -799 -254 -190 -167 -321 -598
Repurchase of Common Equity		 - -0.18 -19 -6.31 - -6.69 -11 -10 -0.07 -0.75 -4.60
Payment of Dividends		 - -62 -58 -58 - -67 -64 -64 -64 -85 -6.43
Issuance of Debt		 - 180 130 570 - 254 509 67 188 541 1,291
Issuance of Common Equity		 - - - - - - -0.87 - 61 109 82
Other Financing Activities, net		 - 3.00 -1.21 0.34 - 37 -3.61 -6.86 -0.26 -1.33 -51

Annual Balance Sheets for SL Green Realty

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 2025
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 12/31/2025
Total Assets		 19,728 15,858 13,983 12,751 12,766 11,708 11,067 12,356 9,531 10,470 11,083
Total Current Assets		 255 424 214 200 240 417 525 446 381 403 398
Cash & Equivalents		 255 279 128 129 166 266 251 203 222 184 156
Restricted Cash		 - 91 - - - 107 86 181 114 147 181
Accounts Receivable		 - 54 58 42 44 45 48 62 45 71 62
Plant, Property, & Equipment, net		 14,621 10,479 7,859 6,367 6,724 4,976 4,771 6,133 4,135 4,482 4,853
Plant, Property & Equipment, gross		 16,682 12,743 10,159 8,466 8,785 6,932 6,667 8,173 6,103 6,608 7,160
Accumulated Depreciation		 2,061 2,265 2,300 2,099 2,061 1,956 1,896 2,040 1,968 2,126 2,306
Total Noncurrent Assets		 4,806 4,955 5,863 6,184 5,802 6,314 5,770 5,777 5,015 5,586 5,831
Long-Term Investments		 1,204 1,975 2,363 3,019 2,913 3,852 3,033 3,201 2,993 2,713 2,648
Other Noncurrent Operating Assets		 3,602 2,980 3,500 3,118 2,890 2,407 2,738 2,576 2,022 2,873 3,183
Total Liabilities & Shareholders' Equity		 19,728 15,858 13,983 12,751 12,766 11,708 11,067 12,356 9,531 10,470 11,083
Total Liabilities		 11,302 7,331 6,630 6,115 6,556 6,211 5,748 7,261 5,271 5,915 6,730
Total Current Liabilities		 276 532 226 227 246 315 422 191 191 161 152
Accounts Payable		 196 191 137 147 167 151 158 155 153 123 135
Dividends Payable		 80 87 85 80 79 149 187 22 20 22 2.54
Other Current Nonoperating Liabilities		 - 36 4.07 0.00 - 15 77 14 18 17 15
Total Noncurrent Liabilities		 8,506 6,799 6,149 5,888 6,310 5,896 5,326 7,070 5,079 5,754 6,577
Long-Term Debt		 7,967 6,482 5,855 5,542 5,508 4,929 4,017 5,512 3,491 4,197 4,031
Capital Lease Obligations		 41 42 - 44 44 492 954 999 933 918 913
Noncurrent Deferred Revenue		 401 2.58 - 94 114 119 107 272 134 165 147
Other Noncurrent Operating Liabilities		 68 273 294 208 643 357 248 287 521 474 1,485
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 707 776 764 688 693 560 540 448 405 485 441
Total Equity & Noncontrolling Interests		 7,719 7,751 6,589 5,948 5,517 4,936 4,778 4,647 3,856 4,070 3,912
Total Preferred & Common Equity		 7,287 7,324 6,003 5,680 5,441 4,910 4,765 4,585 3,786 3,951 3,671
Preferred Stock		 222 240 - - 222 222 222 222 222 222 222
Total Common Equity		 7,066 7,103 6,003 5,680 5,219 4,688 4,543 4,363 3,564 3,729 3,449
Common Stock		 5,441 5,626 4,969 4,510 4,287 3,864 3,740 3,791 3,827 4,160 4,213
Retained Earnings		 1,644 1,579 1,139 1,279 1,085 1,015 976 651 -152 -449 -742
Accumulated Other Comprehensive Income / (Loss)		 -8.75 22 19 15 -28 -67 -47 50 17 18 -22
Noncontrolling Interest		 432 426 586 268 76 26 13 62 70 119 241

Quarterly Balance Sheets for SL Green Realty

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 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 12,716 12,342 10,041 9,691 9,764 10,216 11,411 11,252 11,144 11,759
Total Current Assets		 426 394 348 356 391 382 404 399 509 251
Cash & Equivalents		 201 159 192 190 196 188 180 183 187 144
Short-Term Investments		 - - - - - - - - - 25
Accounts Receivable		 41 36 37 47 51 67 67 56 152 82
Plant, Property, & Equipment, net		 6,415 6,117 4,014 4,041 4,161 4,205 4,504 4,511 4,869 5,291
Plant, Property & Equipment, gross		 8,421 8,217 5,964 6,039 6,239 6,290 6,679 6,731 7,135 7,612
Accumulated Depreciation		 2,006 2,101 1,950 1,998 2,078 2,085 2,175 2,220 2,266 2,321
Total Noncurrent Assets		 5,875 5,832 5,651 5,293 5,212 5,629 6,503 6,301 5,692 6,217
Long-Term Investments		 3,202 3,175 3,238 3,162 2,995 2,888 2,725 2,719 2,644 2,501
Other Noncurrent Operating Assets		 2,673 2,657 2,412 2,131 2,217 2,741 3,778 3,582 3,049 3,716
Total Liabilities & Shareholders' Equity		 12,716 12,342 10,041 9,691 9,764 10,216 11,411 11,252 11,144 11,759
Total Liabilities		 7,492 7,362 5,461 5,169 5,522 6,136 6,972 6,890 6,743 7,397
Total Current Liabilities		 218 189 154 186 155 168 164 169 180 168
Accounts Payable		 175 151 117 146 101 125 123 131 140 119
Dividends Payable		 24 22 22 22 20 20 22 22 22 49
Total Noncurrent Liabilities		 7,274 7,173 5,306 4,983 5,366 5,967 6,809 6,721 6,563 7,229
Long-Term Debt		 5,614 5,577 3,805 3,351 3,786 4,425 5,271 5,171 5,028 5,576
Capital Lease Obligations		 1,016 998 995 993 929 922 914 922 918 109
Noncurrent Deferred Revenue		 280 265 126 136 158 155 166 158 164 169
Other Noncurrent Operating Liabilities		 363 334 381 503 494 466 458 470 453 1,186
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 190
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		 472 451 421 415 439 460 485 482 475 464
Total Equity & Noncontrolling Interests		 4,752 4,529 4,160 4,107 3,804 3,620 3,953 3,880 3,926 3,898
Total Preferred & Common Equity		 4,688 4,460 4,093 4,040 3,736 3,556 3,836 3,792 3,774 3,536
Preferred Stock		 222 222 222 222 222 222 222 222 222 222
Total Common Equity		 4,466 4,239 3,871 3,818 3,514 3,334 3,615 3,570 3,552 3,314
Common Stock		 3,781 3,799 3,806 3,814 3,832 3,867 4,157 4,199 4,206 4,215
Retained Earnings		 756 549 136 62 -230 -376 -538 -613 -635 -893
Accumulated Other Comprehensive Income / (Loss)		 58 19 58 70 40 -27 -4.84 -16 -20 -7.29
Noncontrolling Interest		 65 69 67 68 68 64 117 89 153 361

Annual Metrics And Ratios for SL Green Realty

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.40% 12.10% -18.91% -18.80% 0.95% -15.03% -18.18% 6.75% -0.62% -3.00% 13.18%
EBITDA Growth		 56.31% -100.47% 22,734.34% -53.34% 43.16% 0.39% 19.59% -56.33% -121.98% 496.48% 14.12%
EBIT Growth		 71.33% -301.52% 129.02% -12.45% 103.78% -8.78% 59.63% -75.71% -317.73% 134.46% -1.69%
NOPAT Growth		 118.28% -255.87% 140.91% 58.59% 0.38% -84.75% 143.14% 13.99% -237.49% 112.37% 279.44%
Net Income Growth		 -41.84% -12.14% -63.76% 167.99% 7.62% 42.29% 15.88% -115.88% -685.47% 105.04% -420.70%
EPS Growth		 -48.37% -100.00% 0.00% 167.99% 7.62% 42.29% 15.88% -122.92% -512.08% 100.88% -2,112.50%
Operating Cash Flow Growth		 7.36% 22.32% 68.63% -59.34% -14.74% 47.22% -53.81% 7.86% -16.87% -43.53% -36.03%
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% 52.84%
Invested Capital Growth		 16.76% -26.94% -14.37% -16.93% -4.29% -21.49% 2.73% 14.38% -33.05% 23.53% 10.37%
Revenue Q/Q Growth		 2.39% -2.67% -0.85% -3.48% -0.72% -6.50% -2.60% 12.99% 0.00% 0.00% 3.15%
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% -25.88%
EBIT Q/Q Growth		 579.60% -367.46% 131.78% -60.71% 85.42% 66.97% 10.20% -58.08% 0.00% 0.00% -56.04%
NOPAT Q/Q Growth		 515.05% -367.46% 150.33% -4.39% -2.00% -65.82% 25.96% 5.49% 0.00% 0.00% -26.69%
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% -473.68%
EPS Q/Q Growth		 20.00% -100.00% 166.41% -26.30% 39.53% 73.78% -34.08% -19.20% 0.00% 0.00% -16,200.00%
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% -26.37%
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% 35.10%
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% 0.57%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 98.03% 18.42% 97.80% 100.00% 97.32% 96.65% 95.03% 90.30% 88.92% 87.39% 88.40%
EBITDA Margin		 60.75% -0.26% 71.75% 41.22% 58.46% 69.07% 100.97% 41.30% -9.13% 37.34% 37.65%
Operating Margin		 22.97% -45.62% 16.11% 31.47% 31.29% 5.62% 16.69% 17.82% -35.22% 3.15% 15.06%
EBIT Margin		 25.38% -45.62% 16.33% 17.61% 35.54% 38.16% 74.45% 16.94% -37.11% 13.18% 11.45%
Profit (Net Income) Margin		 19.09% 14.96% 6.69% 22.07% 23.53% 39.40% 55.80% -8.30% -65.59% 3.41% -9.66%
Tax Burden Percent		 250.09% -35.10% 1,702.64% 89.80% 89.41% 109.30% 89.66% -932.57% 105.71% 111.12% 93.59%
Interest Burden Percent		 30.08% 93.43% 2.41% 139.58% 74.03% 94.46% 83.59% 5.25% 167.19% 23.28% -90.17%
Effective Tax Rate		 0.00% 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% 1.51%
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% -6.42%
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% -3.69%
Return on Equity (ROE)		 3.87% 3.29% 1.27% 3.87% 4.54% 7.09% 8.89% -1.47% -12.81% 0.69% -2.18%
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% -8.35%
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% 1.07%
Return on Assets (ROA)		 1.72% 1.57% 0.68% 2.03% 2.28% 3.39% 4.22% -0.65% -5.48% 0.30% -0.90%
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% -1.75%
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% 0.00%
Net Operating Profit after Tax (NOPAT)		 382 -595 244 386 388 59 144 164 -225 28 106
NOPAT Margin		 22.97% -31.94% 16.11% 31.47% 31.29% 5.62% 16.69% 17.82% -24.66% 3.15% 10.54%
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% 7.93%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 1.47% -2.72% 0.30% 1.07%
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% 11.60%
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% 35.27%
R&D to Revenue		 0.00% 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% 73.34%
Earnings before Interest and Taxes (EBIT)		 422 -850 247 216 440 402 641 156 -339 117 115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,010 -4.79 1,084 506 724 727 870 380 -83 331 378
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 0.95
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 0.95
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 3.26
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 0.00
Dividend Yield		 3.75% 4.45% 4.92% 6.35% 5.49% 8.66% 9.95% 12.84% 7.55% 4.45% 6.74%
Earnings Yield		 3.97% 0.00% 1.36% 5.20% 5.03% 10.91% 11.11% 0.00% 0.00% 0.16% 0.00%
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 0.97
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 7.14
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 18.96
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 62.33
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 67.69
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 86.36
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 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 1.37
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 1.37
Financial Leverage		 0.98 0.79 0.50 0.44 0.39 0.33 0.29 0.45 0.44 0.37 0.57
Leverage Ratio		 2.24 2.10 1.88 1.91 1.99 2.09 2.11 2.25 2.34 2.27 2.42
Compound Leverage Factor		 0.67 1.96 0.05 2.67 1.47 1.97 1.76 0.12 3.91 0.53 -2.18
Debt to Total Capital		 48.73% 43.35% 44.33% 45.70% 47.20% 49.65% 48.31% 56.10% 50.94% 52.89% 57.83%
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% 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% 57.83%
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% 2.15%
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% 6.61%
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% 33.42%
Debt to EBITDA		 7.93 -1,361.68 5.40 11.04 7.67 7.45 5.72 17.15 -53.01 15.46 15.81
Net Debt to EBITDA		 6.48 -872.16 3.08 4.76 3.37 1.64 1.84 7.71 -13.13 6.26 7.90
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 15.81
Debt to NOPAT		 20.97 -10.96 24.04 14.46 14.32 91.69 34.58 39.74 -19.64 183.50 56.43
Net Debt to NOPAT		 17.15 -7.02 13.70 6.23 6.30 20.23 11.14 17.86 -4.86 74.27 28.21
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 56.43
Altman Z-Score		 0.63 0.63 0.85 0.73 0.79 0.65 0.81 0.37 0.30 0.54 0.35
Noncontrolling Interest Sharing Ratio		 16.10% 16.43% 17.47% 16.49% 15.16% 15.37% 14.65% 14.48% 15.26% 17.26% 19.41%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.93 0.80 0.95 0.88 0.97 1.32 1.25 2.34 1.99 2.50 2.61
Quick Ratio		 0.93 0.63 0.95 0.88 0.97 0.98 0.71 1.39 1.40 1.59 1.43
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 -585
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% 0.00%
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 -2.36
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 0.33
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 0.97
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.10 0.10 0.09 0.10 0.09 0.08 0.08 0.08 0.09 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 15.11
Inventory Turnover		 0.00 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 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 0.90
Days Sales Outstanding (DSO)		 0.00 0.00 13.45 14.75 12.60 15.34 19.52 21.73 21.43 23.96 24.15
Days Inventory Outstanding (DIO)		 0.00 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 1,317.90 639.19 555.43 450.52 403.53
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 -379.38
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 7,355
Invested Capital Turnover		 0.10 0.12 0.13 0.12 0.14 0.14 0.12 0.12 0.14 0.15 0.14
Increase / (Decrease) in Invested Capital		 2,520 -4,729 -1,844 -1,860 -391 -1,877 187 1,013 -2,662 1,269 691
Enterprise Value (EV)		 14,681 12,396 11,045 7,831 8,515 5,269 6,292 5,515 4,559 7,356 7,159
Market Capitalization		 6,771 6,774 6,360 4,467 5,080 3,265 3,914 1,857 2,767 4,460 3,272
Book Value per Share		 $70.16 $69.08 $60.17 $65.82 $64.33 $63.70 $67.39 $67.52 $55.07 $56.57 $48.36
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 $48.36
Total Capital		 16,434 15,051 13,208 12,221 11,763 10,917 10,290 11,606 8,684 9,670 10,322
Total Debt		 8,008 6,524 5,855 5,585 5,553 5,421 4,971 6,511 4,424 5,115 5,969
Total Long-Term Debt		 8,008 6,524 5,855 5,585 5,553 5,421 4,971 6,511 4,424 5,115 5,969
Net Debt		 6,549 4,179 3,336 2,408 2,444 1,196 1,602 2,926 1,096 2,070 2,984
Capital Expenditures (CapEx)		 2,540 -453 729 315 516 545 153 365 260 212 -158
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -276 -478 -169 -186 -202 -271 -233 -129 -146 -90 -91
Debt-free Net Working Capital (DFNWC)		 -21 -108 -12 -28 -6.26 102 104 255 190 242 246
Net Working Capital (NWC)		 -21 -108 -12 -28 -6.26 102 104 255 190 242 246
Net Nonoperating Expense (NNE)		 64 -874 142 115 96 -356 -337 240 374 -2.35 203
Net Nonoperating Obligations (NNO)		 9,132 4,302 3,632 2,489 2,523 1,360 1,725 2,962 1,134 2,109 3,002
Total Depreciation and Amortization (D&A)		 588 846 838 290 284 325 228 224 256 214 263
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% -9.03%
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% 24.52%
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% 24.52%
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 ($1.61)
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 70.44M
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 ($1.61)
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 70.44M
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 $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 71.03M
Normalized Net Operating Profit after Tax (NOPAT)		 281 -595 295 270 276 41 120 119 43 93 128
Normalized NOPAT Margin		 16.89% -31.94% 19.55% 22.03% 22.30% 3.93% 13.92% 12.99% 4.72% 10.45% 12.78%
Pre Tax Income Margin		 7.63% -42.62% 0.39% 24.57% 26.31% 36.04% 62.23% 0.89% -62.05% 3.07% -10.33%
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 0.46
NOPAT to Interest Expense		 1.18 0.00 0.95 1.71 2.04 0.00 1.98 1.83 -1.63 0.24 0.43
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 1.10
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 1.06
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% -286.99%
Augmented Payout Ratio		 84.13% 117.15% 2,335.70% 495.37% 260.34% 208.32% 136.06% -655.71% -42.51% 920.53% -310.00%

Quarterly Metrics And Ratios for SL Green Realty

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 71,031,183.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 71,031,183.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -1.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.07% 0.00% -23.55% 0.00% 9.28% 0.00% 27.66% 8.57% 6.59% 12.44% 5.52%
EBITDA Growth		 -27.96% -69.12% -176.57% 132.78% 43.97% 9.12% 370.94% 68.18% -18.37% -69.37% -22.59%
EBIT Growth		 -59.67% -100.00% -186.28% 108.38% 145.37% 0.00% 142.35% 176.69% -64.47% -108.53% -80.30%
NOPAT Growth		 -86.53% -100.00% -83.68% 113.24% 333.04% 0.00% 186.93% 229.27% -79.60% 19.56% -128.80%
Net Income Growth		 -277.66% 0.00% 147.94% 0.00% 57.30% 0.00% -217.16% -447.98% 479.54% -641.96% -259.24%
EPS Growth		 -445.45% 0.00% 131.75% 0.00% 44.74% 0.00% -250.00% -300.00% 261.90% -1,246.15% -300.00%
Operating Cash Flow Growth		 0.00% 82.03% -158.27% 28.76% 0.00% 20.78% 127.19% -31.35% -140.53% -51.03% -362.12%
Free Cash Flow Firm Growth		 274.79% 369.31% 326.16% 706.09% -127.83% -147.67% -180.64% -224.59% -28.33% 46.04% 98.76%
Invested Capital Growth		 -34.62% -33.05% -29.59% -100.00% 15.34% 23.53% 33.92% 0.00% 16.70% 10.37% 0.18%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 18.60% 0.00% 0.00% 0.00% 0.86% 1.20% 12.93% -8.46%
EBITDA Q/Q Growth		 130.01% -31.36% -174.29% 310.40% 0.00% -47.98% 87.79% 30.60% -40.52% -27.65% 37.09%
EBIT Q/Q Growth		 106.59% -100.00% 0.00% 130.02% 0.00% -100.00% 0.00% 96.17% -78.83% -174.05% 163.23%
NOPAT Q/Q Growth		 103.73% -100.00% 0.00% 166.72% 0.00% -100.00% 0.00% 152.69% -94.71% 161.81% -182.24%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -89.35% 0.00% 0.00% 0.00% 68.36% 615.78% -394.99% 25.38%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -120.00% 0.00% 0.00% 0.00% 46.67% 312.50% -538.24% 19.46%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -151.23% 421.65% 0.00% 0.00% -88.47% 712.04% -112.44% 520.27% -161.74%
Free Cash Flow Firm Q/Q Growth		 296.34% -7.68% -70.87% 149.91% 0.00% -58.14% -49.10% -286.13% 85.74% 34.77% 96.55%
Invested Capital Q/Q Growth		 -6.97% -0.71% 0.00% -100.00% 0.00% 6.33% 14.07% -2.77% -1.05% 0.57% 3.54%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 80.94% 0.00% 88.36% 89.59% 80.73% 0.00% 90.93% 87.21% 85.31% 89.98% 87.40%
EBITDA Margin		 35.05% 0.00% -20.35% 36.11% 46.17% 0.00% 43.20% 55.93% 32.87% 21.06% 31.54%
Operating Margin		 4.84% 0.00% -20.16% 11.34% 13.43% 0.00% 19.61% 34.39% 1.80% 5.96% -5.35%
EBIT Margin		 9.93% 0.00% -47.03% 11.91% 22.30% 0.00% 15.60% 30.34% 6.35% -4.16% 2.88%
Profit (Net Income) Margin		 -10.32% 0.00% 9.79% 0.88% -4.03% 0.00% -8.98% -2.82% 14.36% -37.52% -30.58%
Tax Burden Percent		 330.30% 0.00% 100.00% 41.68% -150.29% 0.00% 102.29% -132.99% 100.31% 84.55% 130.97%
Interest Burden Percent		 -31.47% 0.00% -20.81% 17.72% 12.04% 0.00% -56.29% 6.98% 225.55% 1,066.04% -812.20%
Effective Tax Rate		 0.00% 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)		 0.00% 0.00% -2.51% 0.00% 0.00% 0.00% 1.94% 8.91% 0.26% 0.60% -0.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -0.02% 0.00% 0.00% 0.00% -0.43% 2.96% 1.46% -3.91% -2.62%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -0.01% 0.00% 0.00% 0.00% -0.23% 2.06% 0.88% -2.25% -1.91%
Return on Equity (ROE)		 0.00% 0.00% -2.52% 0.00% 0.00% 0.00% 1.71% 10.97% 1.14% -1.65% -2.41%
Cash Return on Invested Capital (CROIC)		 41.86% 36.24% 31.36% 200.00% -14.25% -20.59% -27.81% -196.77% -13.28% -8.35% 0.65%
Operating Return on Assets (OROA)		 0.00% 0.00% -3.64% 0.00% 0.00% 0.00% 1.38% 5.16% 0.58% -0.39% 0.25%
Return on Assets (ROA)		 0.00% 0.00% 0.76% 0.00% 0.00% 0.00% -0.80% -0.48% 1.31% -3.49% -2.68%
Return on Common Equity (ROCE)		 0.00% 0.00% -2.12% 0.00% 0.00% 0.00% 1.41% 8.97% 0.92% -1.33% -1.90%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -14.52% 0.00% 0.00% 0.00% -0.25% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 7.12 0.00 -38 25 31 0.00 33 83 4.40 12 -9.48
NOPAT Margin		 3.39% 0.00% -20.16% 11.34% 13.43% 0.00% 13.73% 34.39% 1.80% 4.17% -3.75%
Net Nonoperating Expense Percent (NNEP)		 1.44% 0.00% -2.49% 3.70% 2.59% 0.00% 2.37% 5.94% -1.21% 4.51% 2.12%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.00% - 0.00% - 0.00% 0.32% 0.83% 0.04% 0.12% -0.10%
Cost of Revenue to Revenue		 19.06% 0.00% 11.64% 10.41% 19.27% 0.00% 9.07% 12.79% 14.69% 10.02% 12.60%
SG&A Expenses to Revenue		 34.55% 0.00% 37.96% 32.68% 30.78% 0.00% 35.10% 30.12% 41.10% 34.77% 33.40%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 76.10% 0.00% 108.51% 98.57% 67.30% 0.00% 71.32% 52.82% 83.51% 84.03% 92.75%
Earnings before Interest and Taxes (EBIT)		 21 0.00 -88 27 51 0.00 37 73 16 -12 7.28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 74 51 -38 80 106 55 104 135 80 58 80
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.59 0.78 1.00 0.00 1.35 1.20 1.13 1.23 1.20 0.95 0.80
Price to Tangible Book Value (P/TBV)		 0.59 0.78 1.00 0.00 1.35 1.20 1.13 1.23 1.20 0.95 0.80
Price to Revenue (P/Rev)		 0.00 3.03 4.09 0.00 0.00 5.03 4.36 4.59 4.36 3.26 2.59
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 631.77 0.00 0.00 2,055.45 0.00 0.00
Dividend Yield		 9.54% 7.55% 5.85% 5.77% 4.38% 4.45% 5.28% 4.95% 5.17% 6.74% 7.25%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.00% 0.00% 0.05% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.71 0.85 0.99 0.00 1.18 1.10 1.06 1.11 1.10 0.97 0.88
Enterprise Value to Revenue (EV/Rev)		 0.00 4.99 6.58 0.00 0.00 8.30 8.57 8.59 8.27 7.14 6.59
Enterprise Value to EBITDA (EV/EBITDA)		 13.65 0.00 0.00 0.00 35.36 22.23 17.01 15.58 15.78 18.96 18.96
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 62.96 33.14 28.39 30.77 62.33 78.60
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 263.90 101.85 68.78 55.72 67.69 105.69
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.45 19.86 34.68 0.00 61.94 56.76 49.95 60.39 71.40 86.36 114.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.33 1.87 2.62 0.60 0.00 0.00 0.00 0.00 0.00 0.00 135.51
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.96 1.04 1.11 0.00 1.31 1.12 1.39 1.40 1.35 1.37 1.30
Long-Term Debt to Equity		 0.96 1.04 1.11 0.00 1.31 1.12 1.39 1.40 1.35 1.37 1.30
Financial Leverage		 0.41 0.44 0.49 0.27 0.36 0.37 0.53 0.69 0.60 0.57 0.73
Leverage Ratio		 2.30 2.34 2.40 2.19 2.31 2.27 2.44 2.58 2.52 2.42 2.63
Compound Leverage Factor		 -0.72 0.00 -0.50 0.39 0.28 0.00 -1.37 0.18 5.68 25.79 -21.39
Debt to Total Capital		 48.99% 50.94% 52.64% 0.00% 56.72% 52.89% 58.22% 58.27% 57.46% 57.83% 56.58%
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% 0.00%
Long-Term Debt to Total Capital		 48.99% 50.94% 52.64% 0.00% 56.72% 52.89% 58.22% 58.27% 57.46% 57.83% 56.58%
Preferred Equity to Total Capital		 2.50% 2.56% 2.48% 0.00% 2.35% 2.30% 2.09% 2.12% 2.14% 2.15% 2.21%
Noncontrolling Interests to Total Capital		 5.44% 5.46% 5.66% 0.00% 5.56% 6.24% 5.66% 5.46% 6.07% 6.61% 8.21%
Common Equity to Total Capital		 43.07% 41.04% 39.23% 0.00% 35.37% 38.57% 34.03% 34.14% 34.33% 33.42% 32.99%
Debt to EBITDA		 15.47 -53.01 -23.11 0.00 25.53 15.46 13.08 11.55 11.67 15.81 16.09
Net Debt to EBITDA		 3.10 -13.13 -6.87 0.00 10.23 6.26 6.61 5.75 5.78 7.90 8.53
Long-Term Debt to EBITDA		 15.47 -53.01 -23.11 0.00 25.53 15.46 13.08 11.55 11.67 15.81 16.09
Debt to NOPAT		 0.00 -19.64 -20.39 0.00 0.00 183.50 78.34 50.99 41.21 56.43 89.71
Net Debt to NOPAT		 0.00 -4.86 -6.06 0.00 0.00 74.27 39.56 25.37 20.41 28.21 47.57
Long-Term Debt to NOPAT		 0.00 -19.64 -20.39 0.00 0.00 183.50 78.34 50.99 41.21 56.43 89.71
Altman Z-Score		 0.30 0.41 0.43 0.00 0.43 0.50 0.40 0.44 0.43 0.31 0.20
Noncontrolling Interest Sharing Ratio		 15.01% 0.00% 15.94% 15.49% 16.86% 0.00% 17.88% 18.17% 18.81% 19.41% 21.26%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.92 1.99 2.51 0.00 2.27 2.50 2.47 2.36 2.83 2.61 1.49
Quick Ratio		 1.27 1.40 1.59 0.00 1.51 1.59 1.51 1.42 1.88 1.43 1.49
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,884 2,662 2,347 5,865 -803 -1,269 -1,892 -7,307 -1,042 -680 -23
Operating Cash Flow to CapEx		 0.00% 73.39% -44.61% 0.00% 0.00% 118.29% 5.97% 0.00% 0.00% 17.66% -2.65%
Free Cash Flow to Firm to Interest Expense		 105.09 0.00 75.29 325.37 -17.67 0.00 -31.72 -110.16 -17.94 -10.57 -0.36
Operating Cash Flow to Interest Expense		 0.00 0.00 -0.79 4.40 0.00 0.00 0.11 0.82 -0.12 0.44 -0.27
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -2.57 4.40 0.00 0.00 -1.77 0.82 -0.08 -2.07 -10.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.08 0.08 0.00 0.00 0.09 0.09 0.17 0.09 0.09 0.09
Accounts Receivable Turnover		 0.00 17.03 19.63 0.00 0.00 15.23 15.96 0.00 8.89 15.11 13.68
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.18 0.17 0.00 0.00 0.21 0.22 0.00 0.21 0.21 0.21
Accounts Payable Turnover		 0.00 0.66 1.02 0.00 0.00 0.81 0.99 0.00 0.88 0.90 0.99
Days Sales Outstanding (DSO)		 0.00 21.43 18.59 0.00 0.00 23.96 22.87 0.00 41.06 24.15 26.68
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 555.43 357.57 0.00 0.00 450.52 367.39 0.00 412.66 403.53 367.13
Cash Conversion Cycle (CCC)		 0.00 -534.00 -338.98 0.00 0.00 -426.56 -344.51 0.00 -371.60 -379.38 -340.45
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,433 5,394 5,676 0.00 6,267 6,663 7,601 7,390 7,313 7,355 7,615
Invested Capital Turnover		 0.00 0.14 0.12 0.00 0.00 0.15 0.14 0.26 0.14 0.14 0.13
Increase / (Decrease) in Invested Capital		 -2,877 -2,662 -2,385 -5,840 833 1,269 1,925 7,390 1,046 691 14
Enterprise Value (EV)		 3,834 4,559 5,634 3,502 7,407 7,356 8,041 8,219 8,039 7,159 6,697
Market Capitalization		 2,258 2,767 3,504 3,502 4,518 4,460 4,094 4,395 4,245 3,272 2,635
Book Value per Share		 $59.01 $55.07 $54.62 $0.00 $51.79 $56.57 $50.69 $50.05 $49.80 $48.36 $46.46
Tangible Book Value per Share		 $59.01 $55.07 $54.62 $0.00 $51.79 $56.57 $50.69 $50.05 $49.80 $48.36 $46.46
Total Capital		 8,865 8,684 8,957 0.00 9,427 9,670 10,623 10,455 10,347 10,322 10,046
Total Debt		 4,343 4,424 4,715 0.00 5,347 5,115 6,184 6,093 5,946 5,969 5,684
Total Long-Term Debt		 4,343 4,424 4,715 0.00 5,347 5,115 6,184 6,093 5,946 5,969 5,684
Net Debt		 871 1,096 1,401 0.00 2,143 2,070 3,123 3,031 2,945 2,984 3,014
Capital Expenditures (CapEx)		 0.00 66 55 0.00 0.00 49 112 0.00 -2.06 161 664
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -139 -146 -83 0.00 -102 -90 -97 -112 -28 -91 -86
Debt-free Net Working Capital (DFNWC)		 170 190 235 0.00 213 242 240 230 329 246 83
Net Working Capital (NWC)		 170 190 235 0.00 213 242 240 230 329 246 83
Net Nonoperating Expense (NNE)		 29 0.00 -56 23 40 0.00 54 90 -31 115 68
Net Nonoperating Obligations (NNO)		 911 1,134 1,433 0.00 2,186 2,109 3,163 3,028 2,911 3,002 3,254
Total Depreciation and Amortization (D&A)		 53 51 50 54 55 55 66 62 65 70 73
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -15.97% -9.70% 0.00% 0.00% -10.17% -10.34% -11.74% -2.87% -9.03% -8.50%
Debt-free Net Working Capital to Revenue		 0.00% 20.75% 27.51% 0.00% 0.00% 27.25% 25.58% 24.07% 33.85% 24.52% 8.15%
Net Working Capital to Revenue		 0.00% 20.75% 27.51% 0.00% 0.00% 27.25% 25.58% 24.07% 33.85% 24.52% 8.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.38) $0.00 $0.20 $0.00 ($0.21) $0.00 ($0.30) ($0.16) $0.35 ($1.50) ($1.20)
Adjusted Weighted Average Basic Shares Outstanding		 64.11M 63.81M 64.33M 0.00 64.39M 65.06M 70.42M 70.44M 70.44M 70.44M 70.69M
Adjusted Diluted Earnings per Share		 ($0.38) $0.00 $0.20 $0.00 ($0.21) $0.00 ($0.30) ($0.16) $0.34 ($1.49) ($1.20)
Adjusted Weighted Average Diluted Shares Outstanding		 68.30M 67.97M 70.10M 0.00 64.39M 65.69M 70.42M 70.44M 71.15M 70.44M 70.69M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 64.72M 65.11M 65.11M 0.00 65.92M 71.31M 71.32M 71.32M 71.33M 71.03M 71.43M
Normalized Net Operating Profit after Tax (NOPAT)		 6.85 0.00 9.97 27 22 0.00 39 58 3.08 28 15
Normalized NOPAT Margin		 3.26% 0.00% 5.31% 12.25% 9.40% 0.00% 16.22% 24.07% 1.26% 10.13% 5.98%
Pre Tax Income Margin		 -3.12% 0.00% 9.79% 2.11% 2.68% 0.00% -8.78% 2.12% 14.32% -44.37% -23.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.76 0.00 -2.83 1.47 1.13 0.00 0.63 1.11 0.27 -0.18 0.11
NOPAT to Interest Expense		 0.26 0.00 -1.21 1.40 0.68 0.00 0.55 1.25 0.08 0.18 -0.14
EBIT Less CapEx to Interest Expense		 0.76 0.00 -4.61 1.47 1.13 0.00 -1.26 1.11 0.30 -2.69 -10.02
NOPAT Less CapEx to Interest Expense		 0.26 0.00 -2.99 1.40 0.68 0.00 -1.33 1.25 0.11 -2.33 -10.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -41.00% -44.65% 0.00% 0.00% 794.21% -2,539.40% -1,367.36% 999.98% -286.99% -144.15%
Augmented Payout Ratio		 0.00% -42.51% -48.79% 0.00% 0.00% 920.53% -2,856.91% -1,555.33% 1,108.87% -310.00% -154.38%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from SL Green Realty Corp (NYSE: SLG) using the latest four years of quarterly income statements, balance sheets, and cash flow statements provided. The focus is on trends that may matter to retail investors evaluating profitability, liquidity, and leverage.

  • Strong near-term operating liquidity in Q4 2025: Net Cash From Continuing Operating Activities was about $28.49 million, indicating ongoing cash generation from core operations.
  • Liquidity support from financing activity in Q4 2025: Net Cash From Financing Activities was about $240.66 million, helped by a debt issuance of roughly $540.71 million, boosting near-term liquidity.
  • Substantial asset base underpinning the REIT model: Total assets around $11.14 billion and Property, Plant & Equipment (net) near $4.87 billion (as of Q3 2025) reflect a large, tangible real estate portfolio.
  • Revenue level and volatility: Q4 2025 operating revenue was $276.47 million, which is below Q4 2023’s $317.59 million, signaling ongoing revenue volatility across cycles for this asset class.
  • One-time items affecting quarterly profitability in Q4 2025: Impairment charge of about $23.55 million and Other Operating Expenses / (Income) net around $42.91 million suggest non-recurring items contributing to the quarterly result.
  • Debt and leverage context: Long-term debt around $5.02 billion with total liabilities near $6.74 billion and total equity around $3.55–$3.93 billion (as seen in 2025 quarters) indicate a typical REIT capital structure with meaningful leverage.
  • Material quarterly loss in Q4 2025: Net income attributable to common shareholders was roughly -$104.57 million; Basic EPS around -$1.50 and Diluted EPS around -$1.49 highlight a sharp quarterly loss.
  • Interest burden in Q4 2025: Interest expense was about $64.29 million, a substantial drag on quarterly profitability.
  • Profitability has been volatile with multiple recent losses: Early 2025 quarters show losses (e.g., Q1 2025 net income to common around -$21.08 million; Q2 2025 around -$11.09 million), culminating in the large Q4 2025 loss, signaling ongoing earnings pressure.
  • Investing cash outflows remain large in Q4 2025: Net cash from investing activities was about -$289.70 million, driven by acquisitions and other investments, which reduces near-term cash despite positive operating cash flow.
05/13/26 10:22 PM ETAI Generated. May Contain Errors.

SL Green Realty Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SL Green Realty's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SL Green Realty's net income appears to be on a downward trend, with a most recent value of -$96.92 million in 2025, falling from $317.46 million in 2015. The previous period was $30.22 million in 2024. See SL Green Realty's forecast for analyst expectations on what's next for the company.

SL Green Realty's total operating income in 2025 was $151.09 million, based on the following breakdown:
  • Total Gross Profit: $886.68 million
  • Total Operating Expenses: $735.59 million

Over the last 10 years, SL Green Realty's total revenue changed from $1.66 billion in 2015 to $1.00 billion in 2025, a change of -39.7%.

SL Green Realty's total liabilities were at $6.73 billion at the end of 2025, a 13.8% increase from 2024, and a 40.5% decrease since 2015.

In the past 10 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 $155.75 million as of their latest financial filing in 2025.

Over the last 10 years, SL Green Realty's book value per share changed from 70.16 in 2015 to 48.36 in 2025, a change of -31.1%.


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Financial statements for NYSE:SLG last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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