Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 37

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 37
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 purposes)(48,356)(48,356)Balance at March 31, 2024$221,932 64,806 $3,473,528 $40,151 $68,037 $3,803,648 

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

16

Table of ContentsSL Green Operating Partnership, L.P.Consolidated Statements of Cash Flows(unaudited, in thousands)

Three Months Ended March 31, 20252024Operating Activities   Net (loss) income$(21,545)$18,389 Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:Depreciation and amortization66,185 50,123 Equity in net income from unconsolidated joint ventures(1,170)(111,160)Distributions of cumulative earnings from unconsolidated joint ventures122 68 Equity in net gain on sale of interest in unconsolidated joint venture/real estate— (26,764)Purchase price and other fair value adjustments9,611 50,492 Depreciable real estate reserves and impairment8,546 52,118 Loss on sale of real estate, net482 — Loan loss reserves and other investment reserves, net of recoveries(25,039)— Deferred rents receivable3,586 (3,721)Non-cash lease expense5,191 5,003 Other non-cash adjustments 9,499 11,166 Changes in operating assets and liabilities:Tenant and other receivables(6,046)(3,174)Related party receivables8,334 245 Deferred lease costs(4,469)(3,735)Other assets(28,978)(12,644)Accounts payable, accrued expenses, other liabilities and security deposits(8,182)(50,003)Deferred revenue(5,097)3,017 Lease liability - operating leases(4,320)(4,097)Net cash provided by (used in) operating activities6,710 (24,677)Investing ActivitiesAcquisitions of real estate property(112,440)— Additions to land, buildings and improvements(74,239)(55,316)Acquisition deposits and deferred purchase price— (12,817)Investments in unconsolidated joint ventures(36,786)(23,830)Distributions in excess of