Saturday 31 October 2026 Export SLG’s income statement to Excel — free account

SL Green Realty Corporation

SL Green Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 13.2% from fiscal 2024. In the quarter to June 2026, revenue grew 9.13%, EPS fell 137.5%, free cash flow grew 7,443.1% and total debt rose 14.9%, each against the same quarter a year earlier.

50.31 0.62 −1.22%

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Market cap: $3.9B
P/E: 0.0×
Fwd P/E: −44.3×
Dividend yield: 4.71%
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total sells 3.56

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	—	1	—	—	—	—	1	—	—

Insider Ownership 5.77%

Capital & Financial Ratios $m

Market Cap 3,890.00

Revenue 1,038.37

Net Income (156.85)

Free Cash Flow (392.83)

Net Debt 4,039.52

Current Ratio 3.10

Debt/Equity 1.00

P/E ratio 0.00

Fwd P/E (44.30)

P/S ratio 3.42

P/B ratio 0.84

Past 5Y EPS Growth —

This Y EPS Growth 51.21%

Next Y EPS Growth (89.13%)

Next Y revenue growth (31.58%)

Next 5Y EPS Growth 2.52%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 25.41%

10-year low 10-year high

P/B against its own 10 years 30.70%

10-year low 10-year high

EV/Sales against its own 10 years 16.45%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 2.37

Annual Dividend Yield 4.71%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.44	0.62 0.62 0.62
2025	2.83	0.26 0.26 0.26 0.26 0.26 0.26 0.26 0.26 0.26 0.26 0.26
2024	3.01	0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.26
2023	3.23	0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.25
2022	3.69	0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.27
2021	4.06	0.31 0.31 0.31 0.31 0.31 0.30 0.31 0.31 0.31 0.31 0.31 0.31 0.32
2020	3.14	0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.32
2019	3.65	0.90 0.90 0.90 0.94
2018	3.49	0.86 0.86 0.86 0.90
2017	3.33	0.82 0.82 0.82 0.86
2016	3.12	0.76 0.76 0.76 0.82

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	336	332	336	382
Receivables	45	71	62	74
Inventory	—	—	—	—
Other	—	—	—	—
	381	403	398	456

	2023	2024	2025	Q'26
Payables	153	123	135	129
ST’ Debt	—	—	—	—
Other	—	—	—	—
	171	139	150	147

Compound Annual Growth %

	10y	5y	3y
Sales	(4.93%)	(0.96%)	2.94%
Cash Flow	(16.88%)	(31.61%)	(33.04%)
Earnings	0.00%	0.00%	0.00%
Book Value	(6.39%)	(4.56%)	(5.11%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.59 Actual 1.59

0.69 1.02 1.35 1.67 2.00

Q4 FY25 Beat +0.03

Q1 FY26 Miss −0.22

Q2 FY26 Beat +0.24

Q3 FY26 Met 0.00

Q4 FY26 — Jan 27

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q4 FY25	1.10	1.13	Beat by 0.03
Q1 FY26	1.06	0.84	Miss by 0.22
Q2 FY26	1.19	1.43	Beat by 0.24
Q3 FY26	1.59	1.59	Met by 0.00
Q4 FY26	1.85	—	Reports 27 January 2027

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.20)	(0.38)	—	—	—
’25	(0.30)	(0.16)	0.34	(1.49)	(1.61)
’24	0.20	(0.04)	(0.21)	0.13	0.08
’23	(0.63)	(5.63)	(0.38)	(2.45)	(9.12)
’22	0.11	(0.70)	0.11	(1.01)	(1.49)
’21	(0.11)	1.56	5.93	(0.82)	6.50
’20	1.56	0.78	0.20	2.48	5.02

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	253	264	—	—	—
’25	240	242	245	276	1,003
’24	188	223	230	246	886
’23	246	246	210	212	914
’22	188	201	212	318	919
’21	226	218	205	212	861
’20	314	254	250	235	1,053

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(18)	88	—	—	—
’25	7	54	(7)	28	83
’24	(25)	79	17	58	130
’23	42	62	77	48	230
’22	81	101	67	26	276
’21	19	85	88	65	256
’20	42	182	104	226	554

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(732)	361	—	—	—
’25	(86)	(5)	65	(87)	(114)
’24	(54)	457	(17)	260	647
’23	(20)	87	468	(7)	527
’22	97	313	(5)	133	537
’21	32	323	16	81	452
’20	(55)	259	89	829	1,122

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	85.06	99.62	81.43	80.03	37.29	59.75	32.15	19.06	41.81	40.26		(8.0%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	128.08	122.34	113.00	99.61	102.24	88.27	85.15	50.11	82.81	69.66		(6.5%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	1,075	1,065	1,058	1,033	794	931	1,137	1,188	1,221	1,289		+2.0%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	1.73	1.42	1.16	1.20	1.33	0.93	0.81	0.77	0.73	0.78		(8.5%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	1,864	1,511	1,227	1,239	1,053	861	919	914	886	1,003		(6.7%)	686	675	567	(17.3%)
	Gross margin, %	68.11	62.23	63.45	62.98	63.09	57.88	53.40	48.68	48.78	47.97		(20.1) pt	Powerpack SL Green Realty Corporation’s next three years, line by line Analysts expect revenue to shrink 17.3% a year to 2028 — slower than the −6.7% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(3)	12	294	343	224	249	66	(490)	207	(39)		+31.8%
	EBT margin, %	(0.17)	0.77	23.98	27.66	21.32	28.86	7.19	(53.68)	23.34	(3.85)		(3.7) pt
	Net income	279	101	271	291	415	481	(76)	(599)	30	(97)		n/m
	Depreciation	846	419	290	284	325	228	224	256	214	263		(12.2%)
Per share, $
Per share, $	Revenue	19.74	16.27	15.04	16.08	14.95	13.10	14.39	14.32	13.62	14.24		(3.6%)
	Earnings	2.49	0.93	2.84	3.29	5.03	6.57	(1.49)	(9.12)	0.08	(1.61)		n/m
	Cash flow	6.82	5.84	5.41	4.89	7.87	3.89	4.32	3.60	1.99	1.18		(17.7%)
	Capex	21.43	3.53	11.23	(3.99)	8.06	2.99	4.09	4.67	7.95	(2.79)		n/m
	Free cash flow	28.25	9.37	16.64	0.90	15.93	6.88	8.40	8.27	9.94	(1.62)		n/m
	Book value	90.28	79.13	81.33	80.59	78.07	80.90	79.71	66.77	70.01	61.80		(4.1%)
	Shares, m	94	93	82	77	70	66	64	64	65	70		(3.2%)
Valuation, ×
Valuation, ×	P/E	46.37	114.35	30.30	29.92	12.51	11.23	0.00	0.00	849.00	0.00		109.4
	P/S	5.83	6.56	5.58	6.06	4.23	5.64	2.37	3.21	4.99	3.22		4.8
	P/B	1.36	1.45	1.12	1.32	0.88	0.99	0.46	0.76	1.07	0.78		1.0
	EV/Sales	9.13	10.30	9.90	10.35	8.70	10.03	8.06	6.78	8.80	7.01		8.9
	EV/FCF	6.38	17.87	8.95	185.27	8.16	19.10	13.80	11.74	12.06	(61.74)		22.2
Cash, $m
Cash, $m	Operating cash flow	644	543	442	376	554	256	276	230	130	83		(20.4%)
	Capex	2,024	328	916	(307)	567	196	261	298	517	(197)		n/m
	Free cash flow	2,668	871	1,358	69	1,122	452	537	527	647	(114)		n/m
Balance, $m
Balance, $m	Working capital	213	155	179	117	286	244	277	210	263	248		+1.7%
	Total debt	6,524	5,898	5,585	5,553	5,081	4,120	5,616	3,596	3,714	4,140		(4.9%)
	Net debt	6,154	5,648	5,306	5,311	4,708	3,783	5,232	3,261	3,382	3,803		(5.2%)
	Shareholders’ equity	8,527	7,353	6,636	6,210	5,496	5,319	5,095	4,260	4,555	4,353		(7.2%)
Returns, %
Returns, %	ROA	1.32	0.58	1.73	1.99	2.90	3.82	(0.79)	(5.30)	0.07	(1.04)		(2.4) pt
	ROIC	1.35	2.03	2.02	2.14	1.51	1.15	1.03	0.50	0.92	0.94		(0.4) pt
	ROE	2.95	1.17	3.57	4.29	6.57	8.72	(1.94)	(13.53)	0.18	(2.77)		(5.7) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BXP BXP, Inc.	$11.2B	33.7×	29.4×	+3.14% (above 0%: growing)	−23.21% (below 0%: shrinking)	+38.70% (above 0%: growing)	61.43%	28.91%	Compare
CDP COPT Defense Properties	$7.7B	23.2×	23.5×	+3.94% (above 0%: growing)	+17.65% (above 0%: growing)	+76.90% (above 0%: growing)	60.18%	32.03%	Compare
VNO Vornado Realty Trust	$7.2B	1,723×	— (loss-making)	+4.71% (above 0%: growing)	−97.93% (below 0%: shrinking)	−90.54% (below 0%: shrinking)	51.58%	5.54%	Compare
ARE Alexandria Real Estate Equities, Inc.	$7.1B	— (loss-making)	— (loss-making)	−13.03% (below 0%: shrinking)	n/m	−158.14% (below 0%: shrinking)	68.72%	17.23%	Compare
CUZ Cousins Properties Incorporated	$4.8B	737×	134×	+11.83% (above 0%: growing)	+77.78% (above 0%: growing)	+811.42% (above 0%: growing)	68.47%	24.85%	Compare
KRC Kilroy Realty Corporation	$4.3B	25.3×	139×	−6.04% (below 0%: shrinking)	−70.69% (below 0%: shrinking)	−83.18% (below 0%: shrinking)	65.29%	23.99%	Compare
SLG SL Green Realty Corporation	$3.9B	— (loss-making)	— (loss-making)	+9.13% (above 0%: growing)	n/m	+7,443.12% (above 0%: growing)	48.82%	7.84%
HIW Highwoods Properties, Inc.	$3.4B	20.4×	17.8×	+7.87% (above 0%: growing)	+400.00% (above 0%: growing)	+364.51% (above 0%: growing)	67.58%	26.47%	Compare
DEI Douglas Emmett, Inc.	$1.7B	— (loss-making)	— (loss-making)	+1.63% (above 0%: growing)	n/m	+41.06% (above 0%: growing)	63.19%	19.62%	Compare
Median of peers	$5.9B	29.5×	29.4×	+3.54%	−2.78%	+39.88%	64.24%	24.42%

All 19 Reit Office stocks →

Pay and ownership Proxy statement filed 22 April 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	17.36m	959.11k	104.00
2024	20.69m	48.60m	146.00
2023	18.51m	30.80m	93.00
2022	16.66m	(11.76m)	62.00
2021	21.09m	32.64m	127.00

Ownership

Directors and executive officers, together 5.94%

BlackRock, Inc. 16.55%

The Vanguard Group 13.44%

State Street Corporation 5.76%

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement