Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 46

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 46
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 securities at fair value pursuant to ASC 820-10, with the net unrealized gains or losses reported in net income.As of March 31, 2025 and December 31, 2024, we held the following marketable securities (in thousands):March 31, 2025December 31, 2024Commercial mortgage-backed securities - available-for-sale$12,295 $17,323 Commercial mortgage-backed securities - held-to-maturity$— $5,489 Total investment in marketable securities$12,295 $22,812 The cost basis of the available-for-sale commercial mortgage-backed securities ("CMBS") was $12.9 million and $18.3 million as of March 31, 2025 and December 31, 2024, respectively. These securities mature at various times through 2030. As of March 31, 2025, one security was in an unrealized gain position of $0.1 million with a fair market value of $6.2 million, and one security was in an unrealized loss position of $0.7 million with a fair market value of $6.0 million. This marketable security was in a continuous unrealized loss position for less than 12 months. As of December 31, 2024  one security was in an unrealized gain position of $0.2 million with a fair market value of $5.5 million, and two securities were in an unrealized loss position of $1.5 million and fair market value of $11.8 million with one of the securities being in a continuous unrealized loss position for more than 12 months. We do not intend to sell our other securities, and it is more likely than not that we will not be required to sell the investment before the recovery of its amortized cost basis.The cost basis of the held-to-maturity CMBS was $5.5 million as of December 31, 2024 and was purchased at a $0.2 million discount. During the three months ended March 31, 2025, we received aggregate net proceeds of $5.7 million from the repayment of this security.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)March 31, 2025(unaudited)

During the three months ended March 31, 202