Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 134

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 134
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174,063 — — Real Estate Taxes26,943 — — Operating lease rent138,228 — — Net operating income from unconsolidated joint ventures$195,508 Real Estate segment Net operating income$605,567 $605,567 Depreciation and amortization(862)— Interest expense, net of interest income— (25,133)SUMMIT and DPE Net income$(3,668)$55,980 $52,312 Non-operating net loss from unconsolidated joint ventures(253,466)Marketing, general and administrative expense(93,798)Transaction related costs(409)Depreciable real estate reserves(6,313)Loss on sale of real estate, net(84,485)Purchase price and other fair value adjustments(8,118)Equity in net loss on sale of interest in unconsolidated joint venture/real estate(131)Depreciation and amortization(215,305)Amortization of deferred financing costs(7,817)Interest expense, net of interest income(64,340)Net Loss$(76,303)For the real estate segment, the primary sources of revenue are tenant rents and escalations and reimbursement revenue. See Note 5, "Debt and Preferred Equity Investments," for additional details on our debt and preferred equity investments. We allocate loan loss reserves, net of recoveries, and transaction related costs to the debt and preferred equity segment. SUMMIT currently operates one location at One Vanderbilt Avenue in midtown Manhattan with the primary source of revenue generated from ticket sales. There were no transactions between the above three segments other than the SUMMIT lease with our One Vanderbilt Avenue joint venture, which is part of the real estate segment. See Note 10, "Related Party Transactions."

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Schedule III - Real Estate and Accumulated DepreciationDecember 31, 2024(in thousands)

Column AColumn BColumn CInitial CostColumn D CostCapitalizedSubsequent ToAcquisition (1)Column E Gross Amount at WhichCarried at Close of PeriodColumn FColumn GColumn HColumn IDescription (2)EncumbrancesLandBuilding &ImprovementsLandBuilding &ImprovementsLandBuilding &ImprovementsTotalAccumulated DepreciationDate ofConstruction