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SL Green Reports Q4 Earnings With Strong NYC Economic Outlook
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Commercial Observer
SL Green Realty’s Marc Holliday began the real estate investment trust (REIT)’s fourth-quarter earnings call on Thursday with speculation that New York City’s fiscal strength is uncertain, especially as Mayor Zohran Mamdani gets settled in at Gracie Mansion.
“At the same time, there’s a lot of political maneuvering going on as we enter budget season in Albany.
Total revenue for SL Green in the fourth quarter was $276.4 million, a steady increase from the $245.8 million recorded in the last three months of 2024.
Overall, the REIT saw a net loss in the fourth quarter of 2025 of $104.6 million, in contrast to the same period in 2024, when income was calculated at $9.4 million, SL Green said.
In the third quarter of 2025, SL Green was rejected in its bid for a Times Square casino at 1515 Broadway, which it had planned with Caesars Entertainment and Roc Nation.