Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 34

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 34
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ization vehicles, $838.3 million and $830.3 million of other assets included in other line items, $367.4 million and $357.9 million of real estate debt, net, $1.1 million and $1.1 million of accrued interest payable, $— million and $— million of lease liabilities, $1,409.2 million and $590.1 million of senior obligations of consolidated securitization vehicles and $322.8 million and $324.8 million of other liabilities included in other line items as of March 31, 2025 and December 31, 2024, respectively.

The accompanying notes are an integral part of these consolidated financial statements.

13

Table of ContentsSL Green Operating Partnership, L.P.Consolidated Statements of Operations(unaudited, in thousands, except per unit data)

Three Months Ended March 31, 20252024RevenuesRental revenue, net$163,019 $141,504 SUMMIT Operator revenue22,534 25,604 Investment income16,114 7,403 Interest income from real estate loans held by consolidated securitization vehicles15,981 — Other income22,198 13,371 Total revenues239,846 187,882 ExpensesOperating expenses, including related party expenses of $3 in 2025, and $0 in 202456,062 43,608 Real estate taxes37,217 31,606 Operating lease rent6,106 6,405 SUMMIT Operator expenses21,764 21,858 Interest expense, net of interest income45,681 31,173 Amortization of deferred financing costs1,687 1,539 SUMMIT Operator tax benefit(45)(1,295)Interest expense on senior obligations of consolidated securitization vehicles13,972 — Depreciation and amortization64,498 48,584 Loan loss and other investment reserves, net of recoveries(25,039)— Transaction related costs295 16 Marketing, general and administrative21,724 21,313 Total expenses243,922 204,807 Equity in net income from unconsolidated joint ventures1,170 111,160 Equity in net gain on sale of interest in unconsolidated joint venture/real estate— 26,764 Purchase price and other fair value adjustments(9,611)(50,492