Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 131

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 131
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.0)%Loan loss and other investment reserves, net of recoveries71.3 — 71.3 100.0 %Gain on sale of marketable securities10.2 — 10.2 100.0 %Net (loss) income(28.4)20.3 (48.7)(239.9)%

70

Rental revenue

Rental revenues increased due primarily to the consolidation of  100 Park Avenue ($20.1 million) at the end of the fourth quarter of 2024 and 10 East 53rd Street ($7.6 million) at the end of the first quarter of 2024 and the acquisition of 500 Park Avenue ($8.1 million) in the first quarter of 2025. 

The following table presents a summary of the commenced leasing activity for the six months ended June 30, 2025 in our Manhattan and Suburban portfolio:

 UsableSFRentableSFNewCashRent (perrentableSF) (1)Prev.EscalatedRent (perrentableSF) (2)TI/LCperrentableSFFreeRent (inmonths)AverageLeaseTerm (inyears)Manhattan       Space available at beginning of the period2,628,302      Property out of  redevelopment392,845 Acquired vacancies11,118 Space which became available during the period (3)     •       Office771,851       •       Retail18,414       •       Storage3,111        793,376       Total space available3,825,641       Leased space commenced during the period:       •       Office(4)1,025,228 1,121,201 $73.87 $97.04 $126.61 11.8 10.2 •       Retail16,304 15,452 $93.24 $139.45 $53.81 8.4 19.5 •       Storage6,433 7,747 $46.86 $23.36 $18.33 8.1 9.5 Total leased space commenced1,047,965 1,144,400 $73.95 $98.04 $124.90 11.8 10.3 Total available