SL Green Realty’s Revenue Breakdown(2016-2023)

This statistic highlights SL Green Realty’s Revenue Breakdown, split across Investment income, Other income, and Rental revenue, reported quarterly from 2016 Q1 onwards.

SL Green Realty’s Revenue Breakdown

(All the figures are in thousand dollars except percentages)

The company’s overall income increased by 19% during the three quarters, indicating consistent development. However, investment income fell by 54% in the first quarter of 2023 as compared to the first quarter of 2022. Other revenue, on the other hand, grew significantly, increasing by 62% during the same time period. The primary contributor to overall income was rental revenue, which climbed by 25% between the first quarters of 2022 and 2023. Despite the fall in investment income, the company’s total income increased during the specified quarters.

Investment Income

SL Green earned $19,888,000 in investment income in the first quarter of 2022. This sum, however, fell significantly to $11,305,000 in Q4 2022, representing a 54% fall. The negative trend continued into the first quarter of 2023, with investment income falling to $9,057,000. The negative growth rate of -54% implies that SL Green is having difficulty earning profits from their investment portfolio during this time period. Further investigation is required to determine the specific causes of this reduction and their potential impact on the company’s overall financial health.

Other Income

SL Green’s other income, includes revenue streams other than investment and leasing activities, showed a divergent trend. The data show consistent growth across the three quarters analyzed. Starting at $12,045,000 in Q1 2022, the company’s other income increased by 62% to $16,284,000 in Q4 2022. Other income reached $19,476,000 in Q1 2023, continuing the rising trend. This expansion indicates that SL Green successfully exploited various revenue streams throughout this time period, possibly through leasing contracts, property sales, or other supplementary services.

Rental Revenue

As a REIT, SL Green derives a large percentage of its revenue from rental properties. The corporation earned $156,031,000 in net rental revenue in the first quarter of 2022. This figure increased by 25% to $197,285,000 in the fourth quarter of 2022. However, SL Green’s rental revenue fell marginally to $195,042,000 in Q1 2023. Despite this decline, the 19% growth rate over the three quarters demonstrates that the company’s core rental operations performed well overall.

About Company

SL Green Realty Corp. is a well-known New York City-based real estate investment trust (REIT). SL Green, one of Manhattan’s leading commercial office landlords, owns, operates, and leases a varied portfolio of outstanding office buildings. SL Green is noted for its commitment to sustainability and tenant happiness, with a focus on Class A properties. Through strategic acquisitions, new initiatives, and effective property management, the company has a good track record of generating value for shareholders. SL Green is a trusted and renowned player in the New York City real estate market, because of its knowledge and commitment to innovation.

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