Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 124

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 124
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.4 million) of the current balance held in accumulated other comprehensive income will be reclassified into interest expense and ($1.7 million) of the portion related to our share of joint venture accumulated other comprehensive income will be reclassified into equity in net loss from unconsolidated joint ventures within the next 12 months.The following table presents the effects of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022, respectively (in thousands): Amount of Gain (Loss)Recognized inOther Comprehensive Income (Loss)Location of Gain (Loss)  Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain (Loss) Reclassified fromAccumulated Other Comprehensive Income into IncomeYear Ended December 31,Year Ended December 31,Derivative202420232022202420232022Interest Rate Swaps/Caps$41,802 $18,484 $83,162 Interest expense$37,398 $42,270 $4,989 Share of unconsolidated joint ventures' derivative instruments6,870 7,399 24,783 Equity in net loss from unconsolidated joint ventures10,965 16,050 (673)$48,672 $25,883 $107,945 $48,363 $58,320 $4,316 The following table summarizes the notional value at inception and fair value of our joint ventures' derivative financial instruments as of December 31, 2024 based on Level 2 information. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands).Notional ValueStrike RateEffective DateExpiration DateClassificationFair ValueInterest Rate Cap$658,357 4.000 %November 2024May 2025Asset$727 Interest Rate Cap285,000 4.000 %August 2024July 2025Asset423 Interest Rate Swap250,000 3.608 %April 2023February 2026Asset1,309 Interest Rate Swap250,000 3.608 %April 2023February 2026Asset1,309 Interest Rate Swap