Sl Green Rlty Financials
Sl Green Rlty (SLG) reported $1.0B in revenue for fiscal year 2025, up 13.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Large asset-level earnings are being squeezed by weak cash conversion and a heavier leverage posture.
Operating cash flow fell to$83M in FY2025 from$230M in FY2023 even though debt intensity kept rising and EBITDA stayed in a similar band. That mix implies the assets are still producing accounting income, but cash conversion quality has weakened because more of the business is being carried by its financing structure rather than by cash left after operations.
With total assets above
The dividend burden has outrun internal cash generation: dividends paid were
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Sl Green Rlty's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Sl Green Rlty, and counted as zero in the overall score.
Sl Green Rlty passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Sl Green Rlty reported a net loss of $96.9M while generating $82.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Sl Green Rlty earns $3.02 in operating income for every $1 of interest expense ($651.9M vs $215.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Sl Green Rlty generated $1.0B in revenue in fiscal year 2025. This represents an increase of 13.2% from the prior year.
Sl Green Rlty's EBITDA was $914.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.2% from the prior year.
Sl Green Rlty reported -$96.9M in net income in fiscal year 2025. This represents a decrease of 420.7% from the prior year.
Cash & Balance Sheet
Sl Green Rlty held $155.7M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Sl Green Rlty paid $3.09 per share in dividends in fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Sl Green Rlty's operating margin was 65.0% in fiscal year 2025, reflecting core business profitability. This is down 17.4 percentage points from the prior year.
Sl Green Rlty's net profit margin was -9.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 13.1 percentage points from the prior year.
Sl Green Rlty's ROE was -2.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
SLG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B+13.2% | $886.3M-3.0% | $913.7M-0.6% | $919.5M+6.8% | $861.3M-18.2% | $1.1B-15.0% | $1.2B+0.9% | $1.2B-18.8% | $1.5B-18.9% | $1.9B+12.1% | $1.7B+9.4% | $1.5B+10.9% | $1.4B+6.3% | $1.3B+3.5% | $1.2B |
| SG&A Expenses | $90.4M | $89.3M+4.8% | $85.2M-23.5% | $111.4M+18.8% | $93.8M-1.2% | $94.9M+3.4% | $91.8M-9.0% | $100.9M+8.9% | $92.6M-7.8% | $100.5M+0.7% | $99.8M+5.2% | $94.9M+2.6% | $92.5M+7.3% | $86.2M+4.0% | $82.8M+3.4% | $80.1M |
| Operating Income | $661.2M | $651.9M-10.8% | $730.6M+22.0% | $598.7M-1.1% | $605.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $210.4M | $215.6M+9.8% | $196.3M-14.2% | $228.8M+37.4% | $166.5M+14.7% | $145.2M-21.9% | $185.9M-24.7% | $246.8M+4.3% | $236.7M-7.9% | $257.0M-20.0% | $321.2M-0.8% | $323.9M-5.5% | $342.6M+9.5% | $312.9M+0.5% | $311.2M+8.3% | $287.3M |
| Income Tax | N/A | N/A | $700K-92.4% | $9.2M+253.8% | $2.6M-7.1% | $2.8M+133.3% | $1.2M-20.0% | $1.5M-46.4% | $2.8M-34.9% | $4.3M+53.6% | $2.8M-9.7% | $3.1M-60.3% | $7.8M+77.3% | $4.4M | $0 | $0 |
| Net Income | -$160.2M | -$96.9M-420.7% | $30.2M+105.0% | -$599.3M-685.5% | -$76.3M-115.9% | $480.6M+29.5% | $371.1M+37.2% | $270.4M+9.4% | $247.3M+143.9% | $101.4M-59.4% | $249.9M-12.0% | $284.1M-45.2% | $518.1M+282.7% | $135.4M-31.1% | $196.4M-69.7% | $647.4M |
| EPS (Diluted) | — | -$1.61 | $0.08 | -$9.12-512.1% | -$1.49-122.9% | $6.50+29.7% | $5.01+52.7% | $3.28+19.3% | $2.75+216.1% | $0.87-62.8% | $2.34-13.3% | $2.70-48.4% | $5.23+375.5% | $1.10-36.8% | $1.74-76.3% | $7.33 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SLG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.1B+5.9% | $10.5B+9.9% | $9.5B-22.9% | $12.4B+11.6% | $11.1B-5.5% | $11.7B-8.3% | $12.8B+0.1% | $12.8B-8.8% | $14.0B-11.8% | $15.9B-19.6% | $19.7B+15.4% | $17.1B+14.3% | $15.0B+4.0% | $14.4B+6.7% | $13.5B |
| Cash & Equivalents | $155.7M-15.5% | $184.3M-16.9% | $221.8M+9.1% | $203.3M-19.1% | $251.4M-5.5% | $266.1M+60.2% | $166.1M+28.3% | $129.5M+1.2% | $127.9M-54.2% | $279.4M+9.4% | $255.4M-9.2% | $281.4M+36.1% | $206.7M+8.8% | $190.0M+37.5% | $138.2M |
| Total Liabilities | $6.7B+13.8% | $5.9B+12.2% | $5.3B-27.4% | $7.3B+26.3% | $5.7B-7.5% | $6.2B-5.3% | $6.6B+7.2% | $6.1B-7.8% | $6.6B-9.6% | $7.3B-35.1% | $11.3B+24.2% | $9.1B+19.3% | $7.6B+5.7% | $7.2B+5.6% | $6.8B |
| Long-Term Debt | N/A | N/A | N/A | $3.2B+131.5% | $1.4B-29.6% | $2.0B-9.3% | $2.2B+11.3% | $2.0B-30.9% | $2.8B-30.4% | $4.1B-61.0% | $10.5B+23.5% | $8.5B+21.5% | $7.0B+206.9% | -$6.5B-7.0% | -$6.1B |
| Total Equity | $3.7B-7.1% | $4.0B+4.4% | $3.8B-17.4% | $4.6B-3.8% | $4.8B-3.0% | $4.9B-9.8% | $5.4B-7.8% | $5.9B-5.2% | $6.2B-15.0% | $7.3B+0.5% | $7.3B+5.0% | $6.9B+6.3% | $6.5B+1.6% | $6.4B+7.4% | $6.0B |
| Retained Earnings | -$741.9M-65.2% | -$449.1M-196.3% | -$151.6M-123.3% | $651.1M-33.3% | $975.8M-3.9% | $1.0B-6.4% | $1.1B-15.2% | $1.3B+12.3% | $1.1B-27.8% | $1.6B-3.9% | $1.6B+2.2% | $1.6B+8.9% | $1.5B-5.2% | $1.6B-8.7% | $1.7B |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
SLG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $58.6M | $82.9M-36.0% | $129.6M-43.5% | $229.5M-16.9% | $276.1M+7.9% | $256.0M-53.8% | $554.2M+47.2% | $376.5M-14.7% | $441.5M-18.7% | $543.0M-15.7% | $644.0M+22.3% | $526.5M+7.4% | $490.4M+27.0% | $386.2M+11.4% | $346.8M+12.9% | $307.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $253.0M-0.6% | $254.5M-24.3% | $336.0M-18.4% | $411.9M+1.4% | $406.4M+9.9% | $369.9M+88.2% | $196.6M+32.7% | $148.1M-6.9% | $159.1M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $123.5M-34.0% | $187.1M-9.6% | $207.0M-10.8% | $232.1M+93.3% | $120.0M-0.4% | $120.5M-36.5% | $189.6M-4.5% | $198.6M+34.2% | $148.0M |
| Investing Cash Flow | -$846.9M | -$330.8M-378.6% | $118.8M-30.7% | $171.3M-59.8% | $425.8M-57.1% | $993.6M-5.9% | $1.1B+822.7% | $114.5M-83.2% | $681.7M+2996.5% | $22.0M-98.9% | $2.0B+187.1% | -$2.3B-184.4% | -$796.8M-26.8% | -$628.4M+46.0% | -$1.2B-58.5% | -$733.9M |
| Financing Cash Flow | $789.9M | $252.8M+200.2% | -$252.2M+43.9% | -$449.4M+31.4% | -$654.8M+49.1% | -$1.3B+13.1% | -$1.5B-179.8% | -$528.6M+51.7% | -$1.1B-59.7% | -$685.0M+75.0% | -$2.7B-259.7% | $1.7B+349.5% | $381.2M+47.2% | $258.9M-70.2% | $868.4M+274.2% | $232.1M |
| Dividends Paid | $185.3M | $242.6M+10.9% | $218.8M-5.2% | $230.9M-11.9% | $262.1M-3.3% | $271.1M-7.8% | $294.0M-4.0% | $306.4M-2.2% | $313.2M-6.1% | $333.5M+6.2% | $314.1M+22.0% | $257.4M+24.4% | $207.0M+39.5% | $148.4M+22.4% | $121.2M+89.8% | $63.9M |
| Share Buybacks | N/A | N/A | $0 | $0-100.0% | $151.2M-55.7% | $341.4M-35.4% | $528.5M+37.5% | $384.4M-60.8% | $979.5M+21.5% | $806.3M | $0 | $0 | N/A | N/A | $14.2M+157.9% | $5.5M |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SLG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 65.0%-17.4pp | 82.4%+16.9pp | 65.5%-0.3pp | 65.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -9.7%-13.1pp | 3.4%+69.0pp | -65.6%-57.3pp | -8.3%-64.1pp | 55.8%+20.6pp | 35.3%+13.4pp | 21.8%+1.7pp | 20.2%+13.4pp | 6.7%-6.7pp | 13.4%-3.7pp | 17.1%-17.0pp | 34.1%+24.2pp | 9.9%-5.4pp | 15.2%-36.7pp | 51.9% |
| Return on Equity | -2.6%-3.4pp | 0.8%+16.6pp | -15.8%-14.2pp | -1.7%-11.8pp | 10.1%+2.5pp | 7.6%+2.6pp | 5.0%+0.8pp | 4.2%+2.6pp | 1.6%-1.8pp | 3.4%-0.5pp | 3.9%-3.6pp | 7.5%+5.4pp | 2.1%-1.0pp | 3.1%-7.8pp | 10.8% |
| Return on Assets | -0.9%-1.2pp | 0.3%+6.6pp | -6.3%-5.7pp | -0.6%-5.0pp | 4.3%+1.2pp | 3.2%+1.0pp | 2.1%+0.2pp | 1.9%+1.2pp | 0.7%-0.9pp | 1.6%+0.1pp | 1.4%-1.6pp | 3.0%+2.1pp | 0.9%-0.5pp | 1.4%-3.4pp | 4.8% |
| Debt-to-Equity | 1.83+0.3x | 1.50+0.1x | 1.39+0.7x | 0.70+0.4x | 0.29-0.1x | 0.400.0x | 0.40+0.1x | 0.33-0.1x | 0.46-0.1x | 0.56-0.9x | 1.44+0.2x | 1.22+0.2x | 1.07 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | 10.0%-5.3pp | 15.2%+1.5pp | 13.7%+1.3pp | 12.4%+5.2pp | 7.2%-0.7pp | 7.9%-5.9pp | 13.8%-1.6pp | 15.4%+3.5pp | 11.9% |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Similar Companies
Where Sl Green Rlty Ranks
Frequently Asked Questions
What is Sl Green Rlty's annual revenue?
Sl Green Rlty (SLG) reported $1.0B in total revenue for fiscal year 2025. This represents a 13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sl Green Rlty's revenue growing?
Sl Green Rlty (SLG) revenue grew by 13.2% year-over-year, from $886.3M to $1.0B in fiscal year 2025.
Is Sl Green Rlty profitable?
No, Sl Green Rlty (SLG) reported a net income of -$96.9M in fiscal year 2025, with a net profit margin of -9.7%.
What is Sl Green Rlty's EBITDA?
Sl Green Rlty (SLG) had EBITDA of $914.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sl Green Rlty's operating margin?
Sl Green Rlty (SLG) had an operating margin of 65.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Sl Green Rlty's net profit margin?
Sl Green Rlty (SLG) had a net profit margin of -9.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Sl Green Rlty pay dividends?
Yes, Sl Green Rlty (SLG) paid $3.09 per share in dividends during fiscal year 2025.
What is Sl Green Rlty's return on equity (ROE)?
Sl Green Rlty (SLG) has a return on equity of -2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sl Green Rlty's operating cash flow?
Sl Green Rlty (SLG) generated $82.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Sl Green Rlty's total assets?
Sl Green Rlty (SLG) had $11.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Sl Green Rlty's debt-to-equity ratio?
Sl Green Rlty (SLG) had a debt-to-equity ratio of 1.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sl Green Rlty's return on assets (ROA)?
Sl Green Rlty (SLG) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Sl Green Rlty's Piotroski F-Score?
Sl Green Rlty (SLG) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sl Green Rlty's earnings high quality?
Sl Green Rlty (SLG) reported a net loss of $96.9M while generating $82.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Sl Green Rlty cover its interest payments?
Sl Green Rlty (SLG) has an interest coverage ratio of 3.02x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Sl Green Rlty?
Sl Green Rlty (SLG) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.