For the year ending 2025-12-31, SLG made $1,003,046K in revenue. -$111,860K in net income. Net profit margin of -11.15%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenues | 1,003,046 | 886,272 | ||
| Operating expenses, including related party expenses of 9 in 2025, 7 in 2024 and 5 in 2023 | 226,099 | 189,598 | ||
| Real estate taxes | 155,023 | 128,187 | ||
| Summit operator tax expense | - | 730 | ||
| Operating lease rent | 24,423 | 24,423 | ||
| Summit operator expenses | 116,364 | 111,739 | ||
| Transaction related costs | - | 401 | ||
| Interest expense, net of interest income | 187,656 | 147,220 | ||
| Amortization of deferred financing costs | 7,054 | 6,619 | ||
| Summit operator tax expense | 3,259 | - | ||
| Interest expense on senior obligations of consolidated securitization vehicles | 60,693 | 14,634 | ||
| Depreciation and amortization | 255,713 | 207,443 | ||
| Loan loss and other investment reserves, net of recoveries | -71,326 | - | ||
| Transaction related costs | 13,942 | - | ||
| Marketing, general and administrative | 89,310 | 85,187 | ||
| Total expenses | 1,068,210 | 916,181 | ||
| Equity in net loss from unconsolidated joint ventures | -56,143 | -179,695 | ||
| Loss from debt fund investments, net | -1,446 | - | ||
| Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate | 86,068 | 208,144 | ||
| Purchase price and other fair value adjustments | -36,233 | 88,966 | ||
| (loss) gain on sale of real estate, net | -2,143 | 3,025 | ||
| Depreciable real estate reserves and impairments | -32,092 | -104,071 | ||
| Gain on sale of marketable securities | 10,232 | - | ||
| Gain (loss) on early extinguishment of debt | 0 | 43,762 | ||
| Noncontrolling interests in other partnerships | - | -928 | ||
| Net (loss) income | -96,921 | 30,222 | ||
| Noncontrolling interests in the operating partnership | -7,673 | 497 | ||
| Noncontrolling interests in other partnerships | -971 | - | ||
| Preferred units distributions | 8,633 | 8,643 | ||
| Net (loss) income attributable to slgreen | -96,910 | 22,010 | ||
| Perpetual preferred stock dividends | 14,950 | 14,950 | ||
| Net (loss) income attributable to slgreen common stockholders | -111,860 | 7,060 | ||
| Basic earnings (loss) per share (in dollars per share) | -1.61 | 0.08 | ||
| Basic weighted average common shares outstanding (in shares) | 70,443,000 | 65,062,000 | ||
| Diluted earnings (loss) per share (in dollars per share) | -1.61 | 0.08 | ||
| Diluted weighted average common shares and common share equivalents outstanding (in shares) | 70,443,000 | 65,688,000 | ||
SL GREEN REALTY CORP (SLG)
SL GREEN REALTY CORP (SLG)