Every material Form 8-K SL Green Realty filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SL Green Realty Corp., as general partner of SL Green Operating Partnership, L.P., entered into a thirty-first amendment to the partnership agreement on October 31, 2025 covering the issuance of 172,809 Series X Preferred Units. The units were issued as part of the consideration for the acquisition of ownership interests in certain commercial real estate property, and they may convert into common units and, in certain circumstances, be redeemed for company common stock.
172,809 Series X Preferred Units issued, each with a $25.00 liquidation preference
Initial conversion price of $80.00 per common unit
Cumulative quarterly distribution of 3.00% of the liquidation preference per year
Units issued without registration under Section 4(a)(2) of the Securities Act of 1933
SL Green reported third-quarter 2025 net income attributable to common stockholders of $24.9 million, or $0.34 per diluted share, compared with a net loss of $13.3 million, or $0.21 per share, a year earlier. Diluted FFO was $1.58 per share, though that figure is net of $13.1 million in transaction costs ($0.17 per share) tied mainly to the company's pursuit of a gaming license, and same-store cash NOI fell 4.2% from the prior-year quarter.
Q3 2025 diluted EPS was $0.34 versus a $0.21 loss in Q3 2024; diluted FFO was $1.58 per share versus $1.13.
Same-store cash NOI decreased 4.2% in Q3 2025, or 5.5% excluding lease termination income.
Total revenues were $244.8 million in Q3 2025 versus $229.7 million in Q3 2024.
For the nine months ended September 30, 2025, the company reported a net loss to common stockholders of $7.3 million, or $0.12 per share.
SL Green Realty agreed on August 13, 2025 to extend Chief Legal Officer and General Counsel Andrew Levine's term for three years, through January 1, 2028, with an effective date of January 1, 2025. The filing sets his base salary at $600,000 and describes expanded bonus, equity and severance terms, which shareholders can review in the attached employment agreement.
Base salary of $600,000 per year under the new three-year term
Annual bonus opportunity of 50-150% of base salary, with a maximum of up to 300% of base salary
Annual time-based LTIP unit awards with a target value of not less than $1,450,000
Severance of 12 months of benefit continuation without a change in control, or 24 months plus 2x salary and average bonus with one
SL Green reported a second-quarter 2025 net loss attributable to common stockholders of $11.1 million, or $0.16 per share, compared with a net loss of $2.2 million, or $0.04 per share, a year earlier, and FFO of $1.63 per share, down from $2.05. The company raised its 2025 FFO per share guidance to $5.65 to $5.95 while keeping its 2025 net income per share guidance at $1.27 to $1.57.
Q2 2025 net loss attributable to common stockholders was $11.1 million, or $0.16 per share, versus a net loss of $2.2 million, or $0.04 per share, in Q2 2024.
Q2 2025 FFO was $1.63 per share, down from $2.05 per share a year earlier; total revenues were $241.9 million versus $222.8 million.
2025 FFO per share guidance was revised to $5.65 to $5.95 from $5.25 to $5.55, an increase of $0.40 per share at the midpoint, while net income guidance of $1.27 to $1.57 per share was maintained.
Manhattan same-store office occupancy was 91.4% at June 30, 2025, and the company expects it to reach 93.2% by December 31, 2025.
SL Green Realty amended the employment agreement with CEO Marc Holliday on June 24, 2025. The amendment states that his $5,000,000 annual time-based award is not guaranteed and will be set by the Compensation Committee based on prior-year performance, and removes formulaic cash payments after a change in control.
Amendment dated June 24, 2025, filed as Exhibit 10.1
$5,000,000 annual time-based award is not guaranteed; value set by Compensation Committee based on prior-year performance
Eliminates formulaic cash payments after a change in control in lieu of base salary, annual bonus and equity entitlements
A diminution in compensation after a change in control would constitute good reason
SL Green reported a first-quarter 2025 net loss attributable to common stockholders of $21.1 million, or $0.30 per share, compared with net income of $13.1 million, or $0.20 per share, a year earlier. Total revenues rose to $239.8 million from $187.9 million, but funds from operations (FFO) fell to $1.40 per share from $3.07, a year-earlier figure that included a $141.7 million debt extinguishment gain.
Net loss attributable to common stockholders of $21.1 million, or $0.30 per share, versus net income of $13.1 million, or $0.20 per share, in Q1 2024.
Total revenues of $239.8 million, up from $187.9 million in Q1 2024.
FFO of $106.5 million, or $1.40 per share, versus $215.4 million, or $3.07 per share, in Q1 2024; the prior-year figure included a $141.7 million gain at 2 Herald Square.
Q1 2025 FFO included $25.0 million of income tied to the expected resolution of a commercial mortgage investment. Manhattan same-store office occupancy was 91.8% at March 31, 2025, versus 92.4% at year-end 2024, with a target of 93.2% by De
SL Green Realty Corp. appointed Peggy Lamb as an independent director and member of its Compensation Committee, effective March 19, 2025. Ms. Lamb has more than thirty years of real estate industry experience, and the filing states she owns none of the company's common stock and has no related party transactions with the company.
Board appointment effective March 19, 2025, including a seat on the Compensation Committee
Ms. Lamb is Managing Director of Halstatt, LLC and previously spent fifteen years in investment banking at Goldman Sachs
As of the filing date, Ms. Lamb owns no SL Green common stock; she will receive non-employee director compensation as described in the April 19, 2024 proxy statement
SL Green reported fourth-quarter 2024 net income attributable to common stockholders of $9.4 million, or $0.13 per share, compared with a net loss of $155.6 million, or $2.45 per share, a year earlier. Funds from operations (FFO) was $1.81 per share, including a $26.0 million ($0.36 per share) gain on discounted debt extinguishment at 690 Madison Avenue, and total revenues rose to $245.9 million from $211.7 million. Same-store cash net operating income fell 1.9% for the quarter, or 2.7% excluding lease termination income.
Q4 2024 FFO of $131.9 million, or $1.81 per share, versus $49.7 million, or $0.72 per share, in Q4 2023
Full-year 2024 FFO of $569.8 million, or $8.11 per share, versus $4.94 per share in 2023; full-year net income of $7.1 million, or $0.08 per share
Manhattan office leases signed in Q4 2024 carried a mark-to-market 9.0% above previous fully escalated rents
Same-store cash NOI decreased 1.9% in Q4 2024 (2.7% excluding lease termination income)
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SL Green Realty filing is on SEC EDGAR ↗. 8-K briefs of other companies →