Filing Flows › SL Green Realty (SLG) › Q2 2025
SL Green Realty (SLG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
SL Green Realty (SLG) reported revenue of $242M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +0.9% from the quarter before. Operating margin was 53.4%, net loss $6.8M (2.8% of revenue).
SL Green Realty, Q2 2025: revenue $242M (+9% year over year), operating margin 53.4%, net loss $6.8M, operating cash flow $54.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $242M | +0.9% | +9% |
| Operating profit | $129M | — | — |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | $54.5M | +712% | -31% |
What changed
Revenue was $241.9M in Q2 2025, up 9% year over year and up 1% from the previous quarter.
Operating profit was $129.3M, a 53.4% margin (down 25.8 points year over year). Operating profit fell $47.2M even though revenue rose $19.1M versus a year earlier, so costs grew faster than sales. Total costs grew 143% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+246%). The quarter ended with a net loss of $6.8M, narrower than the previous quarter's $21.5M loss. Net interest and other expense of $134.9M was the main reason.
Operating cash flow was $54.5M (down 31% year over year). Non-cash charges added back $63.6M of depreciation and amortization.
Questions
What was SL Green Realty's revenue in the second quarter 2025?
SL Green Realty (SLG) reported revenue of $242M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +0.9% from the quarter before.
Was SL Green Realty profitable in the second quarter 2025?
Operating profit was $129M (53.4% of revenue) and net loss $6.8M.
Source: SL Green Realty 10-Q on SEC EDGAR.