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SL GREEN REALTY CORP (SLG)

For the quarter ending 2025-03-31, SLG made $374,198K in revenue. -$21,075K in net income. Net profit margin of -5.63%.

Overview

Revenue
$374,198K
Net Income
-$21,075K
Net Profit Margin
-5.63%
EPS
-$0.3
Unit: Thousand (K) dollars
Revenue Breakdown
    • Total revenues
    • Fixed lease payments
    • Loan loss and other investment r...
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-03-31
2024-09-30
2024-06-30
Fixed lease payments146,127 - -
Variable lease payments18,501 - -
Total lease payments164,628 - -
Amortization of acquired above and below-market leases-1,609 - -
Total revenues239,846 229,691 222,820
Equity in net income from unconsolidated joint ventures1,170 -15,428 4,325
Loss on sale of real estate, net-482 7,471 -2,741
Marketing, general and administrative21,724 21,015 20,032
Real estate taxes37,217 30,831 32,058
Transaction related costs295 171 76
Operating lease rent6,106 6,363 6,368
Operating expenses, including related party expenses of 3 in 2025, and 0 in 202456,062 49,507 46,333
Interest expense, net of interest income45,681 42,091 35,803
Loan loss and other investment reserves, net of recoveries-25,039 - -
Depreciation and amortization64,498 53,176 52,247
Amortization of deferred financing costs1,687 1,669 1,677
Summit operator tax benefit-45 -1,779 1,855
Summit operator expenses21,764 37,901 23,188
Interest expense on senior obligations of consolidated securitization vehicles13,972 3,330 -
Total expenses243,922 244,275 219,637
Purchase price and other fair value adjustments-9,611 12,906 1,265
Depreciable real estate reserves and impairment-8,546 - -13,721
Equity in net gain (loss) on sale of interest in unconsolidated joint venturereal estate- 371 -8,129
Gain on early extinguishment of debt- - 17,777
Net (loss) income-21,545 -9,264 1,959
Preferred units distributions2,154 2,176 2,406
Noncontrolling interests in the operating partnership-1,465 -914 -153
Noncontrolling interests in other partnerships-4,897 -985 -1,871
Net (loss) income attributable to slgreen-17,337 -9,541 1,577
Perpetual preferred stock dividends3,738 3,738 3,737
Net (loss) income attributable to slgreen common stockholders-21,075 -13,279 -2,160
Basic eps-0.3 -0.21 -0.04
Diluted eps-0.3 -0.21 -0.04
Basic average shares70,424,000 64,388,000 64,353,000
Diluted average shares70,424,000 64,388,000 68,740,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Net (loss) incomeattributable to slgreen...-$21,075K Perpetual preferred stockdividends$3,738K Net (loss) incomeattributable to slgreen-$17,337K Noncontrolling interests inother partnerships-$4,897K Noncontrolling interests in theoperating partnership-$1,465K Summit operatorrevenue$22,534K Interest income from realestate loans held by...$15,981K Investment income$16,114K Rental revenue, net$163,019K Other income$22,198K Preferred unitsdistributions$2,154K Net (loss) income-$21,545K Equity in net incomefrom unconsolidated...$1,170K Total revenues$239,846K Depreciable real estatereserves and impairment-$8,546K Purchase price and otherfair value...-$9,611K Total expenses$243,922K Summit operator taxbenefit-$45K Loan loss and otherinvestment reserves, net of...-$25,039K Loss on sale of realestate, net-$482K Interest expense onsenior obligations of...$13,972K Summit operatorexpenses$21,764K Amortization of deferredfinancing costs$1,687K Depreciation andamortization$64,498K Interest expense, net ofinterest income$45,681K Operating expenses,including related party...$56,062K Operating lease rent$6,106K Transaction related costs$295K Real estate taxes$37,217K Marketing, general andadministrative$21,724K