SL Green Realty Corp income statement
In fiscal 2025, SL Green Realty Corp reported revenue of $1.00bn, up 13.2% on the year before, operating income of $652m (a 65.0% margin) and net income of −$96.9m, or −$1.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 978 | 1,084 | 1,247 | 1,290 | 1,371 | 1,520 | 1,663 | 1,864 | 1,511 | 1,227 | 1,239 | 1,053 | 861 | 919 | 914 | 886 | 1,003 | 1,038 |
| Selling, general and administrative | 74 | 76 | 80 | 83 | 86 | 92 | 95 | 100 | 100 | 93 | 101 | 92 | 95 | 94 | 111 | 85 | 89 | 92 |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — | — | 606 | 599 | 731 | 652 | 692 |
| Interest expense | 237 | 233 | 287 | 311 | 313 | 343 | 324 | 321 | 257 | 237 | 247 | 186 | 145 | 166 | 229 | 196 | 216 | — |
| Net interest income | 233 | −231 | −285 | −310 | −311 | 317 | 324 | 321 | 257 | −209 | −191 | −117 | −71 | −89 | −137 | −147 | −188 | −202 |
| Provision for credit losses | 151 | 24 | 11 | 3 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 35 | 3 | 0 | 7 | 0 | 0 | 72 |
| Income before tax | −84 | 112 | 120 | 59 | 118 | 175 | 77 | −5 | 165 | — | — | — | — | — | — | — | — | — |
| Income tax | 1 | 1 | 0 | 0 | 4 | 8 | 3 | 3 | 4 | 3 | 2 | 1 | 3 | 3 | 9 | 1 | — | — |
| Net income | 58 | 301 | 647 | 196 | 135 | 518 | 284 | 250 | 101 | 247 | 270 | 371 | 450 | −78 | −565 | 22 | −97 | −176 |
| Diluted EPS | $0.54 | $3.56 | $7.56 | $1.79 | $1.13 | $5.39 | $2.78 | $2.41 | $0.90 | $2.84 | $3.28 | $5.01 | $6.50 | −$1.49 | −$9.12 | $0.08 | −$1.61 | −$2.49 |
| Diluted shares (average) | 72m | 80m | 86m | 93m | 95m | 100m | 104m | 105m | 103m | 89m | 82m | 75m | 71m | 68m | 68m | 66m | 70m | 71m |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | 830 | 854 | 945 | 915 | 962 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 246 | 240 | 242 | 245 | 276 | 253 | 264 |
| Selling, general and administrative | 21 | 23 | 22 | 22 | 24 | 22 | 23 | 23 |
| Operating income | 149 | 147 | 136 | 129 | 209 | 177 | 145 | 160 |
| Interest expense | 51 | 47 | — | — | — | — | — | — |
| Net interest income | −42 | −38 | −46 | −45 | −47 | −49 | −51 | −54 |
| Provision for credit losses | 0 | 0 | −25 | −46 | 0 | 72 | 0 | 0 |
| Income tax | 1 | −2 | 1 | 1 | −0 | — | — | — |
| Net income | −10 | 13 | −17 | −7 | 29 | −101 | −81 | −23 |
| Diluted EPS | −$0.21 | $0.14 | −$0.30 | −$0.16 | $0.34 | −$1.49 | −$1.20 | −$0.38 |
| EBITDA | 203 | 202 | 201 | 189 | 272 | 247 | 215 | 227 |
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