SL GREEN REALTY CORPSLGEarnings & Financial Report
SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".
SLG Q4 FY2025 Key Financial Metrics
Revenue
$276.5M
Gross Profit
N/A
Operating Profit
$177.4M
Net Profit
$-100.8M
Gross Margin
N/A
Operating Margin
64.2%
Net Margin
-36.5%
YoY Growth
12.4%
EPS
$-1.49
SL GREEN REALTY CORP Q4 FY2025 Financial Summary
SL GREEN REALTY CORP reported revenue of $276.5M (up 12.4% YoY) for Q4 FY2025, with a net profit of $-100.8M (down 870.0% YoY) (-36.5% margin).
Key Financial Metrics
| Total Revenue | $276.5M |
|---|---|
| Net Profit | $-100.8M |
| Gross Margin | N/A |
| Operating Margin | 64.2% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
SL GREEN REALTY CORP Q4 FY2025 revenue of $276.5M breaks down across 3 segments, led by Real Estate Segment at $223.1M (80.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Real Estate Segment | $223.1M | 80.7% |
| Other | $35.9M | 13.0% |
| Debt And Preferred Equity Segment | $17.4M | 6.3% |
SL GREEN REALTY CORP Revenue by Segment — Quarterly Trend
SL GREEN REALTY CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Real Estate Segment and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Real Estate Segment | $223.1M | $196.7M | $183.5M | $185.2M |
| Other | $35.9M | — | — | — |
| Debt And Preferred Equity Segment | $17.4M | $15.2M | $27.4M | $32.1M |
SL GREEN REALTY CORP Annual Revenue by Year
SL GREEN REALTY CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.0B).
SL GREEN REALTY CORP Quarterly Revenue & Net Profit History
SL GREEN REALTY CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $276.5M | +12.4% | $-100.8M | -36.5% |
| Q3 FY2025 | $244.8M | +6.6% | $28.6M | 11.7% |
| Q2 FY2025 | $241.9M | +8.6% | $-7.4M | -3.0% |
| Q1 FY2025 | $239.8M | +27.7% | $-17.3M | -7.2% |
| Q4 FY2024 | $245.9M | +16.1% | $19.1M | 7.8% |
| Q3 FY2024 | $229.7M | +9.3% | $-9.5M | -4.2% |
| Q2 FY2024 | $222.8M | -9.4% | $1.6M | 0.7% |
| Q1 FY2024 | $187.9M | -23.6% | $16.9M | 9.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $187.9M | $222.8M | $229.7M | $245.9M | $239.8M | $241.9M | $244.8M | $276.5M |
| YoY Growth | -23.6% | -9.4% | 9.3% | 16.1% | 27.7% | 8.6% | 6.6% | 12.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $9.76B | $9.55B | $10.22B | $10.47B | $11.41B | $11.25B | $11.14B | $11.08B |
| Liabilities | $5.52B | $5.36B | $6.14B | $5.92B | $6.97B | $6.89B | $6.74B | $6.73B |
| Equity | $3.74B | $3.69B | $3.56B | $3.95B | $3.84B | $3.79B | $3.77B | $3.67B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-24.7M | $79.4M | $16.7M | $129.6M | $6.7M | $54.5M | $-6.8M | $82.9M |