Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 112

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 112
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 %November 2024November 2027 Other Liabilities (7,376)Interest Rate Swap100,000 3.756 %January 2023January 2028 Other Liabilities (890)Interest Rate Swap80,000 4.174 %February 2025February 2028 Other Liabilities (1,528)Interest Rate Swap204,963 3.915 %February 2025May 2028 Other Liabilities (2,906)$(5,894)

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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)

During the three and six months ended June 30, 2025, we recorded losses of $1.2 million and $4.3 million based on the changes in the fair value of mark-to-market interest rate swaps, which is included in Purchase price and other fair value adjustments in the consolidated statements of operations. During the three and six months ended June 30, 2024, we recorded a gain of $1.3 million and $6.5 million, respectively, based on the changes in the fair value of forward-starting interest rate swaps, which is included in Purchase price and other fair value adjustments in the consolidated statements of operations. During the three and six months ended June 30, 2025, we recorded a gain of less than $0.1 million and $0.1 million on the changes in fair value, which is included in interest expense in the consolidated statements of operations. During the three and six months ended June 30, 2024, we recorded a loss of $0.1 million and $0.1 million, respectively, on the changes in fair value, which is included in interest expense in the consolidated statements of operations.Certain agreements the Company has with each of its derivative counterparties contain a provision where if the Company defaults on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. As of June 30, 2025, the fair value of derivatives in a net liability position, including accrued interest but excluding any adjustment for nonperformance risk related to these agreements, was ($17.8 million). As of June 30, 2025, the Company was not required to post any collateral related to these agreements and was not in breach of any agreement provisions. If