SL Green Realty Corp.(SLG)Earnings, Financials & Key Ratios

SLG•NYSE•REIT / Real Estate

$43.74

$3.11B mkt cap·Price updated May 6, 2026

SectorReal Estate IndustryOffice REITs Sub-IndustryGateway CBD Office REITs

AboutSL Green Realty Corp., an S&P 500 company and Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.Show more

Revenue$1B+42.0%
FFO$167M-30.4%
FFO/Share2.38-35.1%
FFO Payout0%-100.0%
FFO per Share2.38-35.1%
NOI Margin34.08%-4.7%
FFO Margin16.69%-51.0%
ROE-1.98%-385.0%
ROA-0.82%-367.3%
Debt/Assets71.34%+65.1%
Net Debt/EBITDA18.47+60.7%
Book Value/Share61.80-10.9%

Technical→

SLG Key Insights

SL Green Realty Corp. (SLG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗FFO declining 29.1% TTM
✗Low NOI margin of 34.1%
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SLG Price & Volume

SL Green Realty Corp. (SLG) stock price & volume — 10-year historical chart

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SLG Growth Metrics

SL Green Realty Corp. (SLG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-5%

5 Years-0.48%

3 Years5.2%

TTM38.9%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-387.99%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-3060.89%

Return on Capital

10 Years3.97%

5 Years2.46%

3 Years1.98%

Last Year1.49%

SLG Recent Earnings

SL Green Realty Corp. (SLG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

Apr 15, 2026

EPS

$0.84

Est $0.74

-13.0%

Revenue

$166M

Est $165M

+0.4%

Q1 2026

Jan 28, 2026

EPS

$1.13

Est $1.10

+2.7%

Revenue

$160M

Est $150M

+6.8%

Q4 2025

Oct 15, 2025

EPS

$1.58

Est $1.34

+17.9%

Revenue

$245M

Est $162M

+51.1%

Q3 2025

Jul 16, 2025

EPS

$1.63

Est $1.37

+19.0%

Revenue

$242M

Est $172M

+40.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 15, 2026	$0.84vs $0.74-13.0%	$166Mvs $165M+0.4%
Q1 2026	Jan 28, 2026	$1.13vs $1.10+2.7%	$160Mvs $150M+6.8%
Q4 2025	Oct 15, 2025	$1.58vs $1.34+17.9%	$245Mvs $162M+51.1%
Q3 2025	Jul 16, 2025	$1.63vs $1.37+19.0%	$242Mvs $172M+40.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
VNOVornado Realty TrustDirect Competitor	5.71B	30.26	7.20	1.27%	43.13%	11.54%	22.06%	1.16
BXPBXP, Inc.Direct Competitor	9.29B	58.53	33.64	2.19%	7.95%	3.58%	7.43%	2.26
KRCKilroy Realty CorporationDirect Competitor	3.98B	33.55	14.46	-2.02%	24.81%	4.91%		0.86
HIWHighwoods Properties, Inc.Direct Competitor	2.77B	25.10	17.31	-2.39%	11.4%	3.76%	6.02%	1.49
PDMPiedmont Office Realty Trust, Inc.Direct Competitor	1.05B	8.41	-12.55	-0.93%	-20.46%	-5.7%		1.52
DEAEasterly Government Properties, Inc.Direct Competitor	1.08B	23.25	80.17	11.27%	4.27%	1.07%	24.05%	1.23
PGREParamount Group, Inc.Product Competitor	1.46B	6.60	-31.43	1.97%	-13.47%	-2.39%	18.09%	0.92
CIOCity Office REIT, Inc.Product Competitor	282.14M	6.99	-11.10	-4.45%	-75.34%	-20.22%	20.86%	0.88

Compare SLG vs Peers

SL Green Realty Corp. (SLG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VNO

Most directly comparable listed peer for SLG.

Scale Benchmark

vs SPG

Larger-name benchmark to compare SLG against a more recognizable public peer.

Peer Set

Compare Top 5

vs VNO, BXP, KRC, HIW

SLG Income Statement

SL Green Realty Corp. (SLG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	1.53B	1.23B	1.2B	1.03B	805.91M	861.5M	837.2M	706.58M	1B
Revenue Growth %	-13.95%	-19.48%	-2.45%	-14.69%	-21.57%	6.9%	-2.82%	-15.6%	41.96%
Property Operating Expenses	570.92M	455.5M	458.63M	423.86M	365.69M	428.44M	462.07M	453.95M	661.26M
Net Operating Income (NOI)	962.45M▲ 0%	779.2M▼ 19.0%	745.85M▼ 4.3%	603.69M▼ 19.1%	440.22M▼ 27.1%	433.06M▼ 1.6%	375.13M▼ 13.4%	252.63M▼ 32.7%	341.79M▲ 35.3%
NOI Margin %	62.77%	63.11%	61.92%	58.75%	54.62%	50.27%	44.81%	35.75%	34.08%
Operating Expenses	100.5M	92.63M	100.88M	91.83M	94.91M	93.8M	111.39M	85.19M	187.78M
G&A Expenses	100.5M	92.63M	100.88M	91.83M	94.91M	93.8M	111.39M	85.19M	187.78M
EBITDA	1.24B	964.06M	917.33M	825.53M	558.11M	549.71M	497.33M	377.46M	409.72M
EBITDA Margin %	81.07%	78.08%	76.16%	80.34%	69.25%	63.81%	59.4%	53.42%	40.85%
Depreciation & Amortization	381.2M	277.49M	272.36M	313.67M	212.81M	210.45M	233.59M	210.02M	255.71M
D&A / Revenue %	24.86%	22.47%	22.61%	30.53%	26.41%	24.43%	27.9%	29.72%	25.49%
Operating Income	861.95M▲ 0%	686.57M▼ 20.3%	644.97M▼ 6.1%	511.87M▼ 20.6%	345.3M▼ 32.5%	339.26M▼ 1.8%	263.75M▼ 22.3%	167.44M▼ 36.5%	154.01M▼ 8.0%
Operating Margin %	56.21%	55.61%	53.55%	49.81%	42.85%	39.38%	31.5%	23.7%	15.35%
Interest Expense	258.63M	210.63M	194.65M	118.86M	72.28M	89.47M	144.95M	165.32M	0
Interest Coverage	3.33x	3.26x	3.31x	4.31x	4.78x	3.79x	1.82x	1.01x	-
Non-Operating Income	403.32M	279.51M	272.36M	313.67M	217.97M	218.81M	257.01M	208.17M	0
Pretax Income	101.07M▲ 0%	270.86M▲ 168.0%	291.49M▲ 7.6%	414.76M▲ 42.3%	480.63M▲ 15.9%	-76.3M▼ 115.9%	-585.56M▼ 667.4%	30.22M▲ 105.2%	-96.92M▼ 420.7%
Pretax Margin %	6.59%	21.94%	24.2%	40.36%	59.64%	-8.86%	-69.94%	4.28%	-9.66%
Income Tax	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Income	112.78M▲ 0%	258.65M▲ 129.3%	281.35M▲ 8.8%	379.8M▲ 35.0%	457.06M▲ 20.3%	-71.63M▼ 115.7%	-543.52M▼ 658.8%	30.65M▲ 105.6%	-88.28M▼ 388.0%
Net Margin %	7.35%	20.95%	23.36%	36.96%	56.71%	-8.31%	-64.92%	4.34%	-8.8%
Net Income Growth %	-56.81%	129.35%	8.78%	35%	20.34%	-115.67%	-658.78%	105.64%	-387.99%
Funds From Operations (FFO)	493.98M▲ 0%	536.14M▲ 8.5%	553.7M▲ 3.3%	693.47M▲ 25.2%	669.87M▼ 3.4%	138.82M▼ 79.3%	-309.94M▼ 323.3%	240.67M▲ 177.7%	167.44M▼ 30.4%
FFO Margin %	32.22%	43.42%	45.97%	67.49%	83.12%	16.11%	-37.02%	34.06%	16.69%
FFO Growth %	-44.07%	8.54%	3.28%	25.24%	-3.4%	-79.28%	-323.27%	177.65%	-30.43%
FFO per Share	5.07	6.20	6.76	9.52	9.76	2.04	-4.56	3.66	2.38
FFO Payout Ratio %	67.52%	58.42%	55.33%	42.39%	40.47%	188.83%	-74.51%	90.92%	0%
EPS (Diluted)	0.92▲ 0%	2.83▲ 207.6%	3.28▲ 15.9%	5.01▲ 52.7%	6.50▲ 29.7%	-1.40▼ 121.5%	-8.36▼ 497.1%	0.08▲ 100.9%	-1.59▼ 2122.9%
EPS Growth %	-62.9%	207.61%	15.9%	52.74%	29.74%	-121.54%	-497.14%	100.94%	-2122.9%
EPS (Basic)	0.92	2.83	3.29	5.03	6.57	-1.98	-9.53	0.01	-1.59
Diluted Shares Outstanding	97.49M	86.43M	81.86M	72.82M	68.67M	67.93M	67.97M	65.69M	70.44M

SLG Balance Sheet

SL Green Realty Corp. (SLG) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	13.98B	12.75B	12.77B	11.71B	11.07B	12.36B	9.53B	10.47B	11.08B
Asset Growth %	-11.82%	-8.81%	0.12%	-8.29%	-5.47%	11.65%	-22.86%	9.85%	5.85%
Real Estate & Other Assets	8.34B	6.78B	7.13B	5.96B	6.15B	7.55B	510.76M	5.02B	-864.43M
PP&E (Net)	0	0	0	0	0	0	5.02B	865.64M	864.43M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets	1.12B	713.36M	1.01B	783.32M	837.93M	715.03M	655.2M	1.38B	0
Cash & Equivalents	127.89M	129.47M	166.07M	266.06M	251.42M	203.27M	221.82M	184.29M	336.5M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	460.49M	149.64M	467.02M	106.74M	226.42M	180.78M	113.7M	124.53M	-664.99M
Intangible Assets	48.84M	25.5M	26.98M	25.15M	17.08M	213.49M	4.78M	181.07M	0
Total Liabilities	6.63B	6.12B	6.56B	6.21B	5.75B	7.26B	5.27B	5.92B	6.73B
Total Debt	5.9B	5.59B	5.93B	5.42B	4.97B	6.51B	4.42B	4.52B	7.91B
Net Debt	5.77B	5.46B	5.77B	5.15B	4.72B	6.31B	4.2B	4.34B	7.57B
Long-Term Debt	5.86B	5.05B	5.27B	4.82B	3.64B	5.07B	2.94B	3.29B	4.84B
Short-Term Borrowings	0	0	234.01M	105.26M	381.33M	443.22M	554.75M	316.24M	0
Capital Lease Obligations	42.84M	113.31M	420.13M	491.98M	954.28M	999.32M	933.22M	917.84M	3.07B
Total Current Liabilities	506.19M	254.25M	616.4M	544M	919.04M	906.13M	880.18M	642.14M	220.65M
Accounts Payable	137.14M	147.06M	166.91M	151.31M	157.57M	154.87M	153.16M	122.67M	0
Deferred Revenue	208.12M	94.45M	114.05M	118.57M	107.28M	272.25M	134.05M	164.89M	147.42M
Other Liabilities	-69.08M	531.78M	239.33M	356.63M	247.7M	286.68M	521.31M	1.06B	-8.05B
Total Equity	7.35B▲ 0%	6.64B▼ 9.8%	6.21B▼ 6.4%	5.5B▼ 11.5%	5.32B▼ 3.2%	5.09B▼ 4.2%	4.26B▼ 16.4%	4.55B▲ 6.9%	4.35B▼ 4.4%
Equity Growth %	-13.76%	-9.75%	-6.42%	-11.5%	-3.23%	-4.21%	-16.38%	6.91%	-4.43%
Shareholders Equity	6.23B	5.9B	5.44B	4.91B	4.76B	4.76B	3.79B	3.95B	3.87B
Minority Interest	1.13B	734.57M	769.03M	586.46M	553.7M	331.88M	474.16M	603.66M	482.66M
Common Stock	939K	847K	803K	716K	672K	656K	660K	711K	711K
Additional Paid-in Capital	4.97B	4.51B	4.29B	3.86B	3.74B	3.79B	3.83B	4.16B	4.21B
Retained Earnings	1.14B	1.28B	1.08B	1.02B	975.78M	651.14M	-151.55M	-449.1M	-741.88M
Preferred Stock	221.93M	221.93M	221.93M	221.93M	221.93M	221.93M	221.93M	221.93M	421.2M
Return on Assets (ROA)	0.76%	1.93%	2.21%	3.1%	4.01%	-0.61%	-4.97%	0.31%	-0.82%
Return on Equity (ROE)	1.42%	3.7%	4.38%	6.49%	8.45%	-1.38%	-11.62%	0.7%	-1.98%
Debt / Assets	42.17%	43.8%	46.48%	46.3%	44.92%	52.7%	46.42%	43.21%	71.34%
Debt / Equity	0.80x	0.84x	0.96x	0.99x	0.93x	1.28x	1.04x	0.99x	1.82x
Net Debt / EBITDA	4.64x	5.66x	6.29x	6.24x	8.46x	11.48x	8.45x	11.50x	18.47x
Book Value per Share	75.43	76.78	75.86	75.47	77.45	75.00	62.68	69.34	61.80

SLG Cash Flow Statement

SL Green Realty Corp. (SLG) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	543M	441.54M	376.47M	554.24M	255.98M	417.83M	229.5M	291.07M	0
Operating CF Growth %	-15.68%	-18.69%	-14.74%	47.22%	-53.81%	63.23%	-45.07%	26.83%	-100%
Operating CF / Revenue %	35.41%	35.76%	31.26%	53.94%	31.76%	48.5%	27.41%	41.19%	0%
Net Income	112.78M	270.86M	291.49M	378.03M	457.06M	-73.85M	-599.34M	28.75M	2.14M
Depreciation & Amortization	419.82M	289.9M	284.01M	325.46M	228.29M	216.17M	255.65M	207.44M	255.71M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	46.38M	-89.43M	-86.32M	-228.06M	-308.96M	315.87M	570.24M	187.4M	-257.86M
Working Capital Changes	-35.97M	-29.79M	-112.71M	78.8M	-120.42M	-40.36M	2.95M	-132.52M	0
Cash from Investing	-18.85M	681.66M	114.49M	1.06B	993.58M	306.41M	171.34M	-43.43M	-10.23M
Acquisitions (Net)	0	5.46M	-128.68M	-70.31M	0	82.84M	0	18.31M	0
Purchase of Investments	-1.13B	0	-615.71M	0	0	-300.38M	-82.69M	-619.34M	0
Sale of Investments	0	1000K	1000K	1000K	0	1000K	0	1000K	-1000K
Other Investing	1.11B	-26.84M	-233.49M	789.15M	993.58M	0	254.04M	-23.05M	0
Cash from Financing	-684.96M	-1.09B	-528.65M	-1.48B	-1.29B	-677.17M	-449.38M	-251.52M	0
Dividends Paid	-333.54M	-313.23M	-306.39M	-294M	-271.07M	-262.14M	-230.93M	-218.82M	0
Common Dividends	-333.54M	-313.23M	-306.39M	-294M	-271.07M	-262.14M	-230.93M	-218.82M	0
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0
Share Repurchases	-806.58M	-980.75M	-387.89M	-638.58M	-344.39M	-210.06M	-20.78M	-182K	0
Other Financing	-37.88M	-41.78M	-82.63M	-161.97M	-62.93M	52.99M	-12.03M	-12.46M	0
Net Change in Cash	-119.94M▲ 0%	29.09M▲ 124.3%	-37.68M▼ 229.6%	131.37M▲ 448.6%	-35.81M▼ 127.3%	47.07M▲ 231.4%	-48.53M▼ 203.1%	-3.88M▲ 92.0%	-10.23M▼ 163.6%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0
Cash at Beginning	369.97M	250.03M	279.11M	241.43M	372.8M	336.98M	384.05M	335.52M	0
Cash at End	250.03M	279.11M	241.43M	372.8M	336.98M	384.05M	335.52M	331.64M	-10.23M
Free Cash Flow	543M▲ 0%	441.54M▼ 18.7%	376.47M▼ 14.7%	554.24M▲ 47.2%	255.98M▼ 53.8%	117.06M▼ 54.3%	229.5M▲ 96.1%	79.2M▼ 65.5%	0▼ 100.0%
FCF Growth %	-15.68%	-18.69%	-14.74%	47.22%	-53.81%	-54.27%	96.06%	-65.49%	-100%
FCF / Revenue %	35.41%	35.76%	31.26%	53.94%	31.76%	13.59%	27.41%	11.21%	0%

SLG Key Ratios

SL Green Realty Corp. (SLG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	8.93	5.07	6.2	6.76	9.52	9.76	2.04	-4.56	3.66	2.38
FFO Payout Ratio	35.56%	67.52%	58.42%	55.33%	42.39%	40.47%	188.83%	-74.51%	90.92%	0%
NOI Margin	66.64%	62.77%	63.11%	61.92%	58.75%	54.62%	50.27%	44.81%	35.75%	34.08%
Net Debt / EBITDA	3.65x	4.64x	5.66x	6.29x	6.24x	8.46x	11.48x	8.45x	11.50x	18.47x
Debt / Assets	41.14%	42.17%	43.8%	46.48%	46.3%	44.92%	52.7%	46.42%	43.21%	71.34%
Interest Coverage	3.36x	3.33x	3.26x	3.31x	4.31x	4.78x	3.79x	1.82x	1.01x	-
Book Value / Share	86.23	75.43	76.78	75.86	75.47	77.45	75	62.68	69.34	61.8
Revenue Growth	6.33%	-13.95%	-19.48%	-2.45%	-14.69%	-21.57%	6.9%	-2.82%	-15.6%	41.96%

SLG SEC Filings & Documents

SL Green Realty Corp. (SLG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 16, 2026·SEC

Material company update

Mar 6, 2026·SEC

Material company update

Mar 4, 2026·SEC

10-K Annual Reports

FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 1, 2025·SEC

SLG Frequently Asked Questions

SL Green Realty Corp. (SLG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

SL Green Realty Corp. (SLG) reported $981.4M in revenue for fiscal year 2025. This represents a 2880% increase from $32.9M in 1997.

SL Green Realty Corp. (SLG) grew revenue by 42.0% over the past year. This is strong growth.

SL Green Realty Corp. (SLG) reported a net loss of $88.3M for fiscal year 2025.

Dividend & Returns

SL Green Realty Corp. (SLG) has a return on equity (ROE) of -2.0%. Negative ROE indicates the company is unprofitable.

Industry Metrics

SL Green Realty Corp. (SLG) generated Funds From Operations (FFO) of $170.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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SL Green Realty Corp. (SLG) financial analysis — history, returns, DCA and operating performance tools

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Dividend History

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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SL Green Realty Corp.(SLG)Earnings, Financials & Key Ratios

SLG Key Insights

✓Strengths

✗Weaknesses

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