SLG SL GREEN REALTY CORP

FY2025 10-K
Filed: Feb 17, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

SL GREEN REALTY CORP (SLG) filed its fiscal year 2025 10-K annual report with the SEC on Feb 17, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: Real estate investment, focusing on property ownership, leasing, financing, and management in NYC office sector
  • Increased capital expenditures $255.6M in 2025 vs $211.9M in 2024 driven by leasing-related costs
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Management Discussion & Analysis

  • Liquidity $781.9M at 12/31/2025: $602.5M credit facility availability, $179.4M cash including $23.7M marketable securities
  • Total debt maturities and obligations $12.14B over 2026-Thereafter, incl. $2.15B mortgages, $1.15B unsecured term loans, $640M revolver
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Risk Factors

  • Regulatory risk: New York City Local Law 97 carbon emission caps starting 2024, with potential significant fines for non-compliance after 2029
  • Macroeconomic threat: $555.1M consolidated and $1.1B unconsolidated joint venture mortgage debt maturing in 2026, risking refinancing challenges amid higher rates
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Financial Summary
XBRL

Revenue

$1.0B

Net Income

-$97M

Operating Margin

65.0%

Net Margin

-9.7%

ROE

-2.6%

Total Assets

$11.1B

EPS (Diluted)

$-1.61

Operating Cash Flow

$83M

Source: XBRL data from SL GREEN REALTY CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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