SLG on NYSE

SL Green Realty

American real estate investment firm

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1980Founded1

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  • TickerSLG on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersNew York City1
  • Websitewww.slgreen.com
  • Incorporated inMD4
  • Business addressOne Vanderbilt Avenue, New York, Ny 100174
  • Filer categoryLarge accelerated filer4

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

65.0%Operating margin6
-9.7%Net margin6
13.2%Revenue growth, 20256
-2.6%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Real Estate brought in 79% of the revenue SL Green Realty broke down this way in fiscal 2025.

  1. Real Estate$788.6M679%up 11% from 2024
  2. Summit$122.3M612%down 8% from 2024
  3. Debt And Preferred Equity$92.1M69%up 113% from 2024
Business segments by year
Business segments202320242025
Real Estate$760.7M$709.7M$788.6M
Summit$118.3M$133.2M$122.3M
Debt And Preferred Equity$34.7M$43.3M$92.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin9¢$89.3M
  • Other costs70¢$698.1M
  • Interest21¢$215.6M

Out of $1.0B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid100¢$242.6M

Out of $82.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue789106$1.0B in 2025−19% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $1.1B$1.1B2020−15%2021: $861.3M$861.3M2021−18%2022: $919.5M$919.5M2022+7%2023: $913.7M$913.7M2023−1%2024: $886.3M$886.3M2024−3%2025: $1.0B$1.0B2025+13%
Operating income106$651.9M in 2025+8% since 2022
0$200.0M$400.0M$600.0M$800.0M2022: $605.6M$605.6M20222023: $598.7M$598.7M2023−1%2024: $730.6M$730.6M2024+22%2025: $651.9M$651.9M2025−11%
Net income789106-$96.9M in 2025
-$1.0B-$500.0M0$500.0M2019: $270.4M$270.4M20192020: $371.1M$371.1M2020+37%2021: $449.8M$449.8M2021+21%2022: -$78.1M-$78.1M20222023: -$564.6M-$564.6M2023+623%2024: $22.0M$22.0M20242025: -$96.9M-$96.9M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Rental revenue, net$680.1M$606.0M$683.3M
SUMMIT Operator revenue$122.3M$133.2M$118.3M
Investment income$29.4M$24.4M$34.7M
Interest income from real estate loans held by consolidated securitization vehicles$62.7M$19.0M$0
Other income$108.5M$103.7M$77.4M
Total revenues$1.0B$886.3M$913.7M
Operating expenses, including related party expenses of $9 in 2025, $7 in 2024 and $5 in 2023$226.1M$189.6M$196.7M
Real estate taxes$155.0M$128.2M$143.8M
Operating lease rent$24.4M$24.4M$27.3M
SUMMIT Operator expenses$116.4M$111.7M$101.2M
Interest expense, net of interest income$187.7M$147.2M$137.1M
Amortization of deferred financing costs$7.1M$6.6M$7.8M
SUMMIT Operator tax expense$3.3M$730.0K$9.2M
Interest expense on senior obligations of consolidated securitization vehicles$60.7M$14.6M$0
Depreciation and amortization$255.7M$207.4M$247.8M
Loan loss and other investment reserves, net of recoveries-$71.3M$0$6.9M
Transaction related costs$13.9M$401.0K$1.1M
Marketing, general and administrative$89.3M$85.2M$111.4M
Total expenses$1.1B$916.2M$990.3M
Equity in net loss from unconsolidated joint ventures-$56.1M-$179.7M-$76.5M
Loss from debt fund investments, net-$1.4M$0$0
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate$86.1M$208.1M-$13.4M
Purchase price and other fair value adjustments-$36.2M$89.0M-$17.3M
(Loss) gain on sale of real estate, net-$2.1M$3.0M-$32.4M
Depreciable real estate reserves and impairments-$32.1M-$104.1M-$382.4M
Gain on sale of marketable securities$10.2M$0$0
Gain (loss) on early extinguishment of debt$0$43.8M-$870.0K
Net (loss) income-$96.9M$30.2M-$599.3M
Perpetual preferred stock dividends-$14.9M-$14.9M-$14.9M
Net (loss) income attributable to SL Green common stockholders-$111.9M$7.1M-$579.5M
Noncontrolling interests in the Operating Partnership$7.7M-$497.0K$37.5M
Noncontrolling interests in other partnerships-$971.0K-$928.0K-$4.6M
Preferred units distributions-$8.6M-$8.6M-$7.3M
Net (loss) income attributable to SL Green-$96.9M$22.0M-$564.6M
Basic earnings (loss) per share (in dollars per share)-$1.61$0.08-$9.12
Diluted earnings (loss) per share (in dollars per share)-$1.61$0.08-$9.12
Basic weighted average common shares outstanding (in shares)70.4M shares65.1M shares63.8M shares
Diluted weighted average common shares and common share equivalents outstanding (in shares)70.4M shares65.7M shares68.0M shares

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The story

Founded by Stephen L. Green in 1980.1

The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green. In 1997, the company was formed as a successor.

In 2000, the company sold the Whitehall Building. In 2002, in partnership with SITQ, the company acquired One Astor Plaza for $483.5 million.

In 2003, the company acquired 461 Fifth Avenue for $100.3 million. In November 2004, the company sold The Knickerbocker Hotel in Manhattan for $160 million. In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.

In 2006, the company acquired Reckson Associates in a $4 billion transaction. In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction. Citigroup reacquired the building in 2016.

In 2010, the company acquired the Pershing Square Building from Shorenstein Properties for $330 million. In 2011, the company sold One Court Square in Long Island City, Queens to David Werner and Joel Schreiber for $481 million

In August 2017, the company sold the Montague-Court Building for $171 million to CIM Group. The company had bought the property for $107.5 million in 2007 and made significant upgrades. In November 2018, the company purchased a $148 million stake in 245 Park Avenue from Chinese conglomerate HNA Group. The company was also appointed as property manager and leasing manager.

From Wikipedia’s article on SL Green Realty, shared under CC BY-SA 4.0.5

Leadership

Who has led SL Green Realty, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Timeline

  1. Jan 4, 2006New chief executive Marc Holliday becomes CEO16
  2. Aug 15, 1997Went public Listed on NYSE1
  3. 1980Founded Founded1

Filings

255 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 35 major events, 152 insider forms, 18 large holders, 47 other. The latest 20:

  1. Oct 7, 2026SCHEDULE 13G EDGAR
  2. Sep 28, 20264 EDGAR
  3. Aug 24, 20264 EDGAR
  4. Aug 21, 2026144/A EDGAR
  5. Aug 21, 2026144 EDGAR
  6. Aug 7, 2026SCHEDULE 13G/A EDGAR
  7. Jul 23, 20268-K EDGAR
  8. Jun 25, 20264 EDGAR
  9. Jun 25, 20264 EDGAR
  10. Jun 2, 20264 EDGAR
  11. Jun 2, 20268-K EDGAR
  12. May 15, 2026SCHEDULE 13G EDGAR
  13. May 12, 2026SCHEDULE 13G EDGAR
  14. May 6, 20264 EDGAR
  15. May 6, 20264 EDGAR
  16. Apr 30, 2026SCHEDULE 13G EDGAR
  17. Apr 22, 2026ARS EDGAR
  18. Apr 22, 2026DEFA14A EDGAR
  19. Apr 22, 2026DEF 14A EDGAR
  20. Apr 16, 20268-K EDGAR

The 255 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:

  1. Oct 7, 2026SCHEDULE 13G
  2. Aug 7, 2026SCHEDULE 13G/A
  3. May 15, 2026SCHEDULE 13G
  4. May 12, 2026SCHEDULE 13G
  5. Apr 30, 2026SCHEDULE 13G
  6. Mar 26, 2026SCHEDULE 13G/A
  7. Feb 5, 2026SCHEDULE 13G
  8. Feb 13, 2024SC 13G/A
  9. Jan 30, 2024SC 13G/A
  10. Jan 19, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,654,257$706.9M0.0%+275,066
Vanguard Portfolio Management LLC7,279,883$376.9M0.0%+130,803
State Street Corp4,069,007$213.1M0.0%−2,533
Vanguard Capital Management LLC3,202,877$165.8M0.0%−2,337
Geode Capital Management, LLC2,016,074$104.4M0.0%+98,100
Alyeska Investment Group, L.P.2,015,548$104.3M0.3%−896,163
Goldman Sachs Group Inc1,843,651$95.4M0.0%−242,633
Charles Schwab Investment Management Inc1,707,975$88.4M0.0%+113,877
Northern Trust Corp1,522,422$78.8M0.0%+69,216
Nuveen, LLC1,397,557$72.4M0.0%+51,619
Centersquare Investment Management LLC1,227,532$63.5M0.5%+153,581
Deutsche Bank Ag\1,124,243$58.2M0.0%+241,218
Dimensional Fund Advisors LP1,082,611$56.0M0.0%+29,168
Morgan Stanley932,071$48.3M0.0%−25,886
Victory Capital Management Inc856,626$44.3M0.0%−449
Bank of New York Mellon Corp816,627$42.3M0.0%+17,417
UBS Group AG763,108$39.5M0.0%−357,288
Wellington Management Group Llp703,663$36.4M0.0%−52,950
Jpmorgan Chase & Co584,323$31.1M0.0%−118,145
Legal & General Group Plc528,180$27.3M0.0%−18,514
Bank Of America Corp /de/481,648$24.9M0.0%−262,405
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC480,634$24.9M0.0%+477,616
MetLife Investment Management, LLC474,055$24.5M0.1%+20,960
Vanguard Fiduciary Trust Co473,480$24.5M0.0%+12,886
Russell Investments Group, Ltd.472,522$24.5M0.0%+125,772

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+24.8%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000−8.5%Report
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−55.8%Report
Mar 1, 2023Daniel S. GoldmanDemocratic, HouseBuy$1,001 - $15,000−56.9%Report
Mar 18, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+232.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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