Real estate giants Vornado Realty Trust and SL Green Realty both had profit margins more than 20 percent in 2014, making them some of New York City’s most profitable public companies.
In the new list, compiled by Crain’s, the companies were joined by BlackRock, Signature Bank, Goldman Sachs and others. Macquarie Infrastructure topped the list with the highest profit margin: 77 percent. The profit margin is defined as net income as a percentage of revenue.
SL Green saw a revenue of $1.5 billion last year, a net income of $518 million and a profit margin of 33.5 percent. Vornado saw a revenue of $2.6 billion in 2014, and a net income of $865 million. The company’s profit margin was 32.8 percent, according to Crain’s.
The companies’ chief executive officers also saw their compensation go up last year. SL Green’s Marc Holliday earned $16.4 million in 2014, which was 29.7 percent more than the $12.7 million the year prior, as The Real Deal reported. Vornado’s Steven Roth earned $9.8 million in 2014, which meant a 33.7 percent increase from the $7.3 million he made in 2013. [Crain’s] — Claire Moses