diff --git a/src/gpgmm/common/SlabMemoryAllocator.cpp b/src/gpgmm/common/SlabMemoryAllocator.cpp
index e93df8849..8a04c8933 100644
--- a/src/gpgmm/common/SlabMemoryAllocator.cpp
+++ b/src/gpgmm/common/SlabMemoryAllocator.cpp
@@ -161,7 +161,7 @@ namespace gpgmm {
             Slab* freeSlab = cache->FreeList.head()->value();
             ASSERT(freeSlab != nullptr);
 
-            if (freeSlab->Allocation->GetSize() >= slabSize) {
+            if (freeSlab->Allocation && freeSlab->Allocation->GetSize() >= slabSize) {
                 return freeSlab->Allocation->GetSize();
             }
         }
diff --git a/src/tests/unittests/SlabMemoryAllocatorTests.cpp b/src/tests/unittests/SlabMemoryAllocatorTests.cpp
index e9771f75a..0700f340c 100644
--- a/src/tests/unittests/SlabMemoryAllocatorTests.cpp
+++ b/src/tests/unittests/SlabMemoryAllocatorTests.cpp
@@ -1017,6 +1017,26 @@ TEST_F(SlabCacheAllocatorTests, SlabPrefetch) {
     }
 }
 
+TEST_F(SlabCacheAllocatorTests, CachedMemory) {
+    constexpr uint64_t kBlockSize = 32;
+    constexpr uint64_t kMaxSlabSize = 512;
+
+    SlabCacheAllocator allocator(
+        kMaxSlabSize, kDefaultSlabSize, kDefaultSlabAlignment, kDefaultSlabFragmentationLimit,
+        /*prefetchSlab*/ true, kNoSlabGrowthFactor, std::make_unique<DummyMemoryAllocator>());
+
+    // Re-requesting same size from cached memory should always succeed.
+    MemoryAllocationRequest request = CreateBasicRequest(kBlockSize, 1);
+    request.AlwaysCacheSize = true;
+
+    std::unique_ptr<MemoryAllocation> allocation = allocator.TryAllocateMemory(request);
+    ASSERT_NE(allocation, nullptr);
+    allocator.DeallocateMemory(std::move(allocation));
+
+    request.AvailableForAllocation = 0;
+    EXPECT_EQ(allocator.TryAllocateMemory(request), nullptr);
+}
+
 // Verify creating more slabs than memory available fails.
 TEST_F(SlabCacheAllocatorTests, OutOfMemory) {
     SlabCacheAllocator allocator(kDefaultSlabSize, kDefaultSlabSize, kDefaultSlabAlignment,