Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 70

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 70
---
2)March 31, 2025December 31, 2024Fixed Rate Debt:10 East 53rd StreetMay 2025May 20285.37%$204,888 $205,000 100 Church StreetJune 2025June 20275.89%370,000 370,000 7 Dey / 185 BroadwayNovember 2025November 20266.65%190,148 190,148 Landmark SquareJanuary 2027January 20274.90%100,000 100,000 485 Lexington AvenueFebruary 2027February 20274.25%450,000 450,000 500 Park AvenueJanuary 2028January 20306.57%80,000 — 420 Lexington AvenueOctober 2040October 20408.24%272,325 272,326 Total fixed rate debt$1,667,361 $1,587,474 Floating Rate Debt:100 Park AvenueJune 2025December 2027S+2.32%$369,366 $360,000 CMBS Repurchase Facility— 3,550 Total floating rate debt$369,366 $363,550 Total mortgages and other loans payable$2,036,727 $1,951,024 Deferred financing costs, net of amortization(8,175)(6,389)Total mortgages and other loans payable, net$2,028,552 $1,944,635 (1)Reflects exercise of all available extension options. The ability to exercise extension options may be subject to certain conditions, including the operating performance of the property. (2)Interest rate as of March 31, 2025, taking into account interest rate hedges in effect during the period. Floating rate debt is presented with the stated spread over Term SOFR ("S"), unless otherwise specified.As of March 31, 2025 and December 31, 2024, the gross book value of the properties collateralizing the mortgages and other loans payable was approximately $2.3 billion and $2.2 billion, respectively.CMBS Securities Repurchase FacilityIn December 2024, the Company entered into a repurchase facility for CMBS securities (CMBS Repurchase Facility), which provides us with the ability to sell certain CMBS investments with a simultaneous agreement to repurchase the same at a certain date or on demand. We seek to mitigate risks associated with our rep