SL Green Realty Corp (SLG) - Net Assets
Based on the latest financial reports, SL Green Realty Corp (SLG) has net assets worth $4.42 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.81 Billion) and total liabilities ($7.39 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SLG capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.42 Billion |
| % of Total Assets | 37.41% |
| Annual Growth Rate | 11.43% |
| 5-Year Change | -18.15% |
| 10-Year Change | -48.95% |
| Growth Volatility | 29.39 |
SL Green Realty Corp - Net Assets Trend (1997–2025)
This chart illustrates how SL Green Realty Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SLG stock market capitalisation.
Annual Net Assets for SL Green Realty Corp (1997–2025)
The table below shows the annual net assets of SL Green Realty Corp from 1997 to 2025. Also explore SLG net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.35 Billion | -4.43% |
| 2024-12-31 | $4.55 Billion | +6.91% |
| 2023-12-31 | $4.26 Billion | -16.38% |
| 2022-12-31 | $5.09 Billion | -4.21% |
| 2021-12-31 | $5.32 Billion | -3.23% |
| 2020-12-31 | $5.50 Billion | -11.50% |
| 2019-12-31 | $6.21 Billion | -6.42% |
| 2018-12-31 | $6.64 Billion | -9.75% |
| 2017-12-31 | $7.35 Billion | -13.76% |
| 2016-12-31 | $8.53 Billion | +1.20% |
| 2015-12-31 | $8.43 Billion | +5.33% |
| 2014-12-31 | $8.00 Billion | +9.11% |
| 2013-12-31 | $7.33 Billion | +2.26% |
| 2012-12-31 | $7.17 Billion | +7.81% |
| 2011-12-31 | $6.65 Billion | +23.21% |
| 2010-12-31 | $5.40 Billion | +8.00% |
| 2009-12-31 | $5.00 Billion | +10.22% |
| 2008-12-31 | $4.53 Billion | -0.15% |
| 2007-12-31 | $4.54 Billion | +80.01% |
| 2006-12-31 | $2.52 Billion | +61.87% |
| 2005-12-31 | $1.56 Billion | +9.53% |
| 2004-12-31 | $1.42 Billion | +41.51% |
| 2003-12-31 | $1.01 Billion | +49.78% |
| 2002-12-31 | $671.36 Million | +1.82% |
| 2001-12-31 | $659.34 Million | +32.29% |
| 2000-12-31 | $498.40 Million | +11.35% |
| 1999-12-31 | $447.60 Million | +0.29% |
| 1998-12-31 | $446.32 Million | +112.42% |
| 1997-12-31 | $210.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SL Green Realty Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 73929600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $711.00K | 0.02% |
| Other Components | $4.61 Billion | 119.15% |
| Total Equity | $3.87 Billion | 100.00% |
SL Green Realty Corp Competitors by Market Cap
The table below lists competitors of SL Green Realty Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inner Mongolia ERDOS Resources Co Ltd
SHG:600295
|
$3.94 Billion |
|
Comstock Resources Inc
NYSE:CRK
|
$3.94 Billion |
|
Oscar Health Inc
NYSE:OSCR
|
$3.94 Billion |
|
Adaro Minerals Indonesia Tbk PT
JK:ADMR
|
$3.94 Billion |
|
Transcend Information Inc
TW:2451
|
$3.93 Billion |
|
Aris Mining Corporation
NYSE MKT:ARMN
|
$3.93 Billion |
|
Bath & Body Works Inc.
NYSE:BBWI
|
$3.93 Billion |
|
Banco del Bajío S.A. Institución de Banca Múltiple
MX:BBAJIOO
|
$3.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SL Green Realty Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,951,300,000 to 3,870,426,000, a change of -80,874,000 (-2.0%).
- Net loss of 88,277,000 reduced equity.
- Dividend payments of 263,989,000 reduced retained earnings.
- Share repurchases of 1,094,000 reduced equity.
- Other comprehensive income decreased equity by 18,196,000.
- Other factors increased equity by 290,682,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-88.28 Million | -2.28% |
| Dividends Paid | $263.99 Million | -6.82% |
| Share Repurchases | $1.09 Million | -0.03% |
| Other Comprehensive Income | $-18.20 Million | -0.47% |
| Other Changes | $290.68 Million | +7.51% |
| Total Change | $- | -2.05% |
Book Value vs Market Value Analysis
This analysis compares SL Green Realty Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.16x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $17.59 | $55.56 | x |
| 1998-12-31 | $18.81 | $55.56 | x |
| 1999-12-31 | $15.67 | $55.56 | x |
| 2000-12-31 | $14.72 | $55.56 | x |
| 2001-12-31 | $22.76 | $55.56 | x |
| 2002-12-31 | $17.07 | $55.56 | x |
| 2003-12-31 | $25.11 | $55.56 | x |
| 2004-12-31 | $32.20 | $55.56 | x |
| 2005-12-31 | $33.01 | $55.56 | x |
| 2006-12-31 | $50.83 | $55.56 | x |
| 2007-12-31 | $63.64 | $55.56 | x |
| 2008-12-31 | $66.44 | $55.56 | x |
| 2009-12-31 | $62.69 | $55.56 | x |
| 2010-12-31 | $69.65 | $55.56 | x |
| 2011-12-31 | $72.99 | $55.56 | x |
| 2012-12-31 | $74.27 | $55.56 | x |
| 2013-12-31 | $71.22 | $55.56 | x |
| 2014-12-31 | $74.22 | $55.56 | x |
| 2015-12-31 | $75.24 | $55.56 | x |
| 2016-12-31 | $83.67 | $55.56 | x |
| 2017-12-31 | $73.19 | $55.56 | x |
| 2018-12-31 | $76.68 | $55.56 | x |
| 2019-12-31 | $64.69 | $55.56 | x |
| 2020-12-31 | $63.56 | $55.56 | x |
| 2021-12-31 | $67.33 | $55.56 | x |
| 2022-12-31 | $68.98 | $55.56 | x |
| 2023-12-31 | $54.85 | $55.56 | x |
| 2024-12-31 | $56.23 | $55.56 | x |
| 2025-12-31 | $50.59 | $55.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SL Green Realty Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.80%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.86x
- Recent ROE (-2.28%) is below the historical average (6.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 12.96% | 82.71% | 0.09x | 1.82x | $6.23 Million |
| 1998 | 7.28% | 21.50% | 0.18x | 1.92x | $-11.03 Million |
| 1999 | 10.55% | 20.80% | 0.19x | 2.64x | $2.25 Million |
| 2000 | 18.95% | 37.43% | 0.20x | 2.55x | $40.71 Million |
| 2001 | 9.56% | 29.20% | 0.16x | 2.08x | $-2.93 Million |
| 2002 | 11.86% | 37.74% | 0.13x | 2.35x | $11.67 Million |
| 2003 | 10.32% | 44.71% | 0.10x | 2.38x | $3.08 Million |
| 2004 | 15.54% | 60.01% | 0.13x | 2.04x | $74.64 Million |
| 2005 | 10.79% | 42.70% | 0.11x | 2.27x | $11.47 Million |
| 2006 | 9.22% | 39.97% | 0.12x | 1.93x | $-18.77 Million |
| 2007 | 17.26% | 62.63% | 0.09x | 2.99x | $277.72 Million |
| 2008 | 9.74% | 34.10% | 0.10x | 2.81x | $-10.36 Million |
| 2009 | 1.31% | 5.69% | 0.10x | 2.39x | $-381.30 Million |
| 2010 | 5.57% | 27.72% | 0.10x | 2.09x | $-239.18 Million |
| 2011 | 10.06% | 47.59% | 0.09x | 2.26x | $3.77 Million |
| 2012 | 1.81% | 8.59% | 0.09x | 2.22x | $-529.82 Million |
| 2013 | 2.11% | 10.00% | 0.09x | 2.29x | $-514.91 Million |
| 2014 | 7.51% | 34.53% | 0.09x | 2.46x | $-172.93 Million |
| 2015 | 3.99% | 17.37% | 0.08x | 2.71x | $-437.70 Million |
| 2016 | 3.06% | 14.66% | 0.11x | 1.86x | $-591.55 Million |
| 2017 | 1.53% | 7.35% | 0.11x | 1.90x | $-622.54 Million |
| 2018 | 3.90% | 20.95% | 0.10x | 1.92x | $-404.96 Million |
| 2019 | 5.17% | 23.36% | 0.09x | 2.35x | $-262.79 Million |
| 2020 | 7.74% | 36.96% | 0.09x | 2.38x | $-111.17 Million |
| 2021 | 9.59% | 56.71% | 0.07x | 2.32x | $-19.43 Million |
| 2022 | -1.50% | -8.31% | 0.07x | 2.59x | $-547.93 Million |
| 2023 | -14.35% | -64.92% | 0.09x | 2.52x | $-922.16 Million |
| 2024 | 0.78% | 4.34% | 0.07x | 2.65x | $-364.48 Million |
| 2025 | -2.28% | -8.80% | 0.09x | 2.86x | $-475.32 Million |
Industry Comparison
This section compares SL Green Realty Corp's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,101,088,300
- Average return on equity (ROE) among peers: 11.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SL Green Realty Corp (SLG) | $4.42 Billion | 12.96% | 1.67x | $3.94 Billion |
| Alexandria Real Estate Equities Inc (ARE) | $485.85 Million | 8.24% | 1.39x | $9.18 Billion |
| Brandywine Realty Trust (BDN) | $797.85 Million | -22.50% | 3.49x | $537.26 Million |
| Boston Properties Inc (BXP) | $2.53 Billion | 6.06% | 1.47x | $10.52 Billion |
| COPT Defense Properties (CDP) | $1.32 Billion | 3.23% | 1.91x | $3.99 Billion |
| City Office (CIO) | $549.13 Million | -4.84% | 1.24x | $3.63 Million |
| Creative Media & Community Trust Corporation (CMCT) | $85.83 Million | 8.36% | 0.42x | $8.66 Million |
| Cousins Properties Incorporated (CUZ) | $4.43 Billion | 2.29% | 0.62x | $4.79 Billion |
| Eerly Govt Ppty Inc (DEA) | $619.89 Million | -0.21% | 0.47x | $1.10 Billion |
| Douglas Emmett Inc (DEI) | $17.05 Million | 98.95% | 140.66x | $1.91 Billion |
| Equity Commonwealth (EQC) | $178.85 Million | 13.23% | 0.64x | $169.73 Million |
About SL Green Realty Corp
SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 m… Read more