Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,053 | $844 | $827 | $914 | $886 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | $606 | $599 | $731 |
| Net Income | $371 | $450 | -$78 | -$565 | $22 |
Over the five-year period, SL GREEN REALTY CORP’s revenue exhibits moderate fluctuations. Starting with a revenue of approximately 1,052.7 million USD in 2020, the company experienced a notable decline of about 20% to 844 million USD in 2021, followed by a slight dip to 826.7 million USD in 2022. Revenues then recovered to 913.7 million USD in 2023 before settling at 886.3 million USD in 2024. While gross profit data remains unreported (recorded as zero), operating income shows a marked improvement from zero in 2020 and 2021 to 605.6 million USD in 2022, with subsequent slight decline in 2023 to 598.7 million USD and an increase to 730.6 million USD in 2024. This indicates a significant operational turnaround starting in 2022, suggesting that cost management or other operational efficiencies may have been initiated even as revenue fluctuated. Net income tells a more volatile story. After posting positive net income of 371.1 million USD in 2020 and 449.8 million USD in 2021, the company saw an early decline to -78.1 million USD in 2022—a swing of over 120% compared to the previous year—followed by a sharper downturn to -564.6 million USD in 2023. However, 2024 recorded a modest rebound to 22.0 million USD. These swings, particularly the significant negative turnaround in 2022 and 2023, suggest the influence of non-operational factors such as increased financing costs, asset write-downs, or other one-time adjustments. Overall, while improvements in operating income are encouraging, the volatility in net income raises questions about underlying financial stability. In the context of the competitive real estate investment trust (REIT) industry, where cyclical market conditions and property valuations are critical, SL GREEN’s mixed performance emphasizes the need for continued focus on non-operational expenses and risk management to maintain long-term sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.