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SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, debt investing, financing, development, redevelopment, construction and leasing. As of December 31, 2025, the Company held interests in 56 buildings totaling 31.4 million square feet. This included ownership interests in 28.0 million square feet in Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments, excluding fund investments. SL Green Realty Corp. was incorporated in 1980 in Maryland, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $940M | $419M | $-88M | $83M | -2.6% | 8.4% | -388.0% |
| 2024 | $867M | $410M | $31M | $130M | 0.8% | -5.1% | -105.5% |
| 2023 | $914M | $-206M | $-557M | $230M | -15.6% | -0.6% | 678.0% |
| 2022 | $919M | $236M | $-72M | $276M | -1.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 919.45 | 913.71 | 867.29 | 940.31 |
| Cost Of Revenue | - | 431.09 | 478.16 | 454.68 | 525.17 |
| Gross Profit | - | 488.37 | 435.55 | 412.62 | 415.14 |
| Operating Expense | - | 309.96 | 366.09 | 292.63 | 273.70 |
| Operating Income | - | 178.40 | 69.46 | 119.98 | 141.45 |
| EBITDA | - | 236.28 | -206.38 | 409.61 | 418.52 |
| EBIT | - | 12.30 | -462.03 | 195.54 | 155.76 |
| Pretax Income | - | -76.30 | -599.34 | 30.22 | -96.92 |
| Net Income | - | -71.63 | -557.30 | 30.65 | -88.28 |
| Net Income Common Stockholders | - | -95.24 | -582.16 | 5.16 | -113.76 |
| Total Expenses | - | 741.05 | 844.25 | 747.31 | 798.86 |
| Interest Expense | - | 88.60 | 137.31 | 165.32 | 252.68 |
| Interest Income | - | 0.99 | 3.03 | 22.94 | 68.35 |
| Selling General And Administration | - | 93.80 | 111.39 | 85.19 | 89.31 |
| Normalized EBITDA | - | 335.74 | 240.96 | 170.18 | 408.08 |
| Normalized Income | - | 27.82 | -109.96 | -158.49 | -98.72 |
| Market Cap | 3,011.31 | 3,011.31 | 3,011.31 | 3,011.31 | 3,011.31 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SL Green Realty Corp.this co. | SLG | - | -34.11 | 0.87 | -2.6% | 18.64 |
| Apple Hospitality REIT, Inc. | APLE | $3.1B | 17.75 | 0.99 | 5.6% | 10.56 |
| Curbline Properties Corp. | CURB | $3.0B | 74.46 | 1.55 | 2.1% | 24.85 |
| Urban Edge Properties | UE | $2.7B | 32.46 | 2.36 | 7.3% | 14.89 |
| Highwoods Properties, Inc. | HIW | $2.6B |
| - |
| - |
| - |
| - |
| - |
| 16.50 |
| 1.12 |
| 6.8% |
| 10.10 |
| Four Corners Property Trust, Inc. | FCPT | $2.6B | 24.84 | 1.71 | 6.9% | 17.72 |
| Uniti Group Inc. | UNIT | $2.4B | 2.23 | 7.64 | 343.1% | 5.31 |
| DiamondRock Hospitality Company | DRH | $2.4B | 20.62 | 1.44 | 7.0% | 11.69 |
| Getty Realty Corp. | GTY | $2.0B | 25.54 | 1.89 | 7.4% | 16.00 |
| Peer Median | - | 22.73 | 1.63 | 7.0% | 13.29 | |