Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 84

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 84
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 to the differences.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)June 30, 2025(unaudited)

The combined statements of operations for the unconsolidated joint ventures, from acquisition date through the three and six months ended June 30, 2025 and 2024, are as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Total revenues$382,176 $365,007 $754,102 $730,346 Operating expenses63,197 59,733 131,212 125,483 Real estate taxes71,658 73,479 143,162 149,111 Operating lease rent5,942 8,478 12,523 17,503 Loan loss and other investment reserves, net of recoveries1,438 — 1,438 — Interest expense, net of interest income130,336 142,196 259,232 292,050 Amortization of deferred financing costs5,878 4,159 11,897 10,231 Depreciation and amortization125,535 135,611 246,840 269,789 Total expenses403,984 423,656 806,304 864,167 Gain on early extinguishment of debt— 61,185 — 233,704 Net (loss) income before gain on sale$(21,808)$2,536 $(52,202)$99,883 Company's equity in net (loss) income from unconsolidated joint ventures$(22,775)$4,325 $(21,605)$115,485 

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)June 30, 2025(unaudited)

7. Debt Fund 

As of June 30, 2025, total capital committed to the Fund was $239.3 million, of which $41.1 million had been contributed. As of June 30, 2025, the Company's share of the total capital committed to the Fund was $44.2 million, of which $16.9 million had been contributed.During the three months ended June 30, 2025, the Fund acquired