SL Green Operating Partnership, L.P. earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026
Q3 2026 Revenue up 12% year over year to $273M · 28¢ of every $1 of revenue kept as net profit · operating margin 64.5%
SL Green Operating Partnership, L.P. made $273M in Q3 2026 (+12% Y/Y). Operating margin 64.5%, net earnings $75.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Revenue$273M
Year over year+12%
Operating margin64.5%
Net earnings$75.9M
Operating cash flow−$4.8M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $273.0M in Q3 2026, up 12% year over year and up 3% from the previous quarter.
Operating profit was $176.0M, a 64.5% margin (down 21.0 points year over year). Operating profit fell $33.2M even though revenue rose $28.2M versus a year earlier, so costs grew faster than sales. Total costs grew 173% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+522%). Net earnings were $75.9M, up 165% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$4.8M. Non-cash charges added back $63.6M of depreciation and amortization. Working capital and other items used $158.1M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 5, 2026
$273M
+12%
64.5%
$75.9M
−$4.8M
Q2 2026
10-Q
Aug 6, 2026
$264M
+9%
60.6%
−$10.9M
—
Q1 2025
10-Q
May 1, 2025
$240M
+28%
56.7%
−$21.5M
$6.7M
Q3 2024
10-Q
Oct 31, 2024
$230M
+9%
-3.6%
−$9.3M
$16.7M
Q2 2024
10-Q
Jul 31, 2024
$223M
-9%
1.3%
$1.6M
—
Charts
Latest (Q3 2026): Y/Y +12%, Q/Q +3%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $89.7M, Operating cash flow −$4.8M.+88217.6% since FY2010: more shares outstanding (issuance, stock pay).Cash $156M, short-term investments —, long-term debt — at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, primarily engaged in the ownership, management, operation, acquisition, development, redevelopment, repositioning and financing of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally in Manhattan, a borough of New York City. We were formed in June, 1997 for the purpose of continuing the commercial real estate business of S.L. Green Properties, Inc., our predecessor entity. As of December 31, 2025, we owned the following interests in properties in the New York metropolitan area, primarily in midtown Manhattan. Our investments located outside of Manhattan are referred to as the Suburban properties:
In its own words, from its 10-K, filed Feb 25, 2026.
SL Green Operating Partnership, L.P. against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +12%. Operating margin: 64.5% against the peers' median 20.6%.