SL Green Realty Corp key statistics and ratios
In fiscal 2025, SL Green Realty Corp had return on equity of -2.5% and a net margin of -9.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 5.9% | 27.7% | 51.9% | 15.2% | 9.9% | 34.1% | 17.1% | 13.4% | 6.7% | 20.1% | 21.8% | 35.2% | 52.2% | −8.5% | −61.8% | 2.5% | −9.7% | −16.9% |
| Return on equity | 1.3% | 6.5% | 11.9% | 3.2% | 2.1% | 7.7% | 4.0% | 3.4% | 1.5% | 4.1% | 4.8% | 7.2% | 9.3% | −1.7% | −13.5% | 0.6% | −2.5% | −5.0% |
| Return on assets | 0.5% | 2.8% | 5.2% | 1.4% | 0.9% | 3.2% | 1.5% | 1.4% | 0.7% | 1.8% | 2.1% | 3.0% | 3.9% | −0.7% | −5.2% | 0.2% | −0.9% | −1.5% |
| Effective tax rate | — | 0.8% | 0.0% | 0.0% | 3.7% | 4.5% | 4.0% | — | 2.6% | — | — | — | — | — | — | — | — | — |
| SG&A as % of revenue | 7.6% | 7.0% | 6.4% | 6.4% | 6.3% | 6.1% | 5.7% | 5.4% | 6.6% | 7.5% | 8.1% | 8.7% | 11.0% | 10.2% | 12.2% | 9.6% | 8.9% | 8.8% |
| Dividends ÷ net income | 136.1% | 19.6% | 9.9% | 61.7% | 109.6% | 40.0% | 90.6% | 125.7% | 329.0% | 126.7% | 113.3% | 79.2% | 60.3% | — | — | 994.2% | — | — |
Moat
Weak moat
How hard SL Green Realty's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 0 / 20
Net income has been a median 1.3% of total assets over 10 years.
- Durability 3 / 20
Net margin has been a median 13.5%; its worst year was -43.2%.
- Cash conversion 10 / 20
Free cash flow was positive in 6 of 10 years, at a median 8.5% of revenue.
- Discipline 17 / 20
The diluted share count fell 1.2% over five years; stock-based pay has been a median 2.0% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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