Company: SLG-PI
Filing Date: 2025-04-17
Form Type: 10-K/A
Source: 0001040971-25-000019
Chunk: 27

Company: SL GREEN REALTY CORP
Filing Date: 2025-04-17
Form: 10-K/A
Chunk 27
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 to 90.0% and repaid the previous $ 60.9million mortgage on the property for a net payment of $ 32.1million. As a result of the transactions, the Company assessed the property for recoverability and recorded a $ 34.3million charge to write down the carrying value of the investment, which is included in Depreciable real estate reserves and impairments in the consolidated statement of operations.

<div align='center'>SL Green Realty Corp. and SL Green Operating Partnership, L.P.</div>

### Notes to Consolidated Financial Statements (cont.)

#### December 31, 2024
For the year ended December 31, 2024, we recognized a reduction of rental revenue of ($ 2.6million) for the amortization of aggregate above-market leases in excess of below-market leases resulting from the allocation of the purchase price of the applicable properties. For the years ended December 31, 2023 and 2022, we recognized $ 14.2million and $ 5.7million, respectively, of rental revenue for the amortization of aggregate below-market leases in excess of above-market leases.

The following summarizes our identified intangible assets (acquired above-market leases and in-place leases) and intangible liabilities (acquired below-market leases) as of December 31, 2024 and 2023 (in thousands):

|                                                                   |     |   | December 31, 2024 |     |   | December 31, 2023 |
|:------------------------------------------------------------------|:----|:--|------------------:|:----|:--|------------------:|
| Identified intangible assets (included in other assets):          |     |   |                   |     |   |                   |
| Gross amount                                                      |     | $ |           378,277 |     | $ |           189,680 |
| Accumulated amortization                                          |     |   |          -197,211 |     |   |          -184,902 |
| Net                                                               |     | $ |           181,066 |     | $ |             4,778 |
| Identified intangible liabilities (included in deferred revenue): |     |   |                   |     |   |                   |
| Gross amount                                                      |     | $ |           243,703 |     | $ |           205,394 |
| Accumulated amortization                                          |     |   |          -204,092 |     |   |          -202,089 |