Filing Flows › SL Green Realty (SLG) › Q1 2026
SL Green Realty (SLG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
SL Green Realty (SLG) reported revenue of $253M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -8% from the quarter before. Operating margin was 57.4%, net loss $77.4M (30.6% of revenue).
SL Green Realty, Q1 2026: revenue $253M (+6% year over year), operating margin 57.4%, net loss $77.4M, operating cash flow −$17.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $253M | -8% | +6% |
| Operating profit | $145M | -18% | — |
| Net earnings | −$77.4M | — | — |
| Operating cash flow | −$17.6M | -162% | — |
What changed
Revenue was $253.1M in Q1 2026, up 6% year over year and down 8% from the previous quarter.
Operating profit was $145.3M, a 57.4% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 70% reached operating profit, above the 57% margin then. Total costs grew 4% against revenue growth of 6%. The quarter ended with a net loss of $77.4M, narrower than the previous quarter's $103.7M loss. Net interest and other expense of $222.7M was the main reason.
Operating cash flow was −$17.6M. Non-cash charges added back $69.8M of depreciation and amortization. Working capital and other items used $9.9M. Capital expenditures of $664.1M exceeded it, leaving free cash flow of −$681.7M.
Questions
What was SL Green Realty's revenue in the first quarter 2026?
SL Green Realty (SLG) reported revenue of $253M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -8% from the quarter before.
Was SL Green Realty profitable in the first quarter 2026?
Operating profit was $145M (57.4% of revenue) and net loss $77.4M.
Source: SL Green Realty 10-Q on SEC EDGAR.