SLGSL GREEN REALTY CORP
Real Estate Investment Trusts
- Revenue
- $1.0B
- 13% YoY
- Operating margin
- 65.0%
- 21% YoY
- EBITDA
- $915M
- 3.2% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.4×
- $3.1B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowFired293% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $861M | $919M | $914M | $886M | $1.0B | 13% |
| Operating income | — | $606M | $599M | $731M | $652M | 11% |
| Net income | $481M | −$76M | −$599M | $30M | −$97M | 421% |
| Operating cash flow | $256M | $276M | $230M | $130M | $83M | 36% |
| Buybacks | $341M | $151M | $0 | $0 | — | |
| Dividends | $271M | $262M | $231M | $219M | $243M | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $17M | $959K | 104 | 65 |
| FY2024 | $21M | $49M | 146 | 83 |
| FY2023 | $19M | $31M | 93 | 80 |
| FY2022 | $17M | −$12M | 62 | 77 |
| FY2021 | $21M | $33M | 127 | 123 |