Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 102

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 102
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Comparison of the three months ended March 31, 2025 to the three months ended March 31, 2024 

The following comparison for the three months ended March 31, 2025, or 2025, to the three months ended March 31, 2024, or 2024, makes reference to the effect of the following:

i.“Same-Store Properties,” which represents all operating properties owned by us at January 1, 2024 and still owned by us in the same manner as of March 31, 2025 (Same-Store Properties totaled 21 of our 28 consolidated operating properties),

ii.“Acquisition Properties,” which represents all properties or interests in properties acquired in 2025 and 2024 and all non-Same-Store Properties, including properties that are under development, redevelopment or were deconsolidated during the period,

iii."Disposed Properties," which represents all properties or interests in properties sold or partially sold in 2025 and 2024,

iv."Alternative Strategy Portfolio," which represents non-core assets, and

v.“Other,” which represents properties that were partially sold resulting in deconsolidation and corporate level items not allocable to specific properties, as well as the Service Corporation and eEmerge Inc.

 Same-StoreDisposedOtherConsolidated(in millions)20252024$Change%Change202520242025202420252024$Change%ChangeRental revenue$149.2 $137.4 $11.8 8.6 %$— $0.5 $13.8 $3.6 $163.0 $141.5 $21.5 15.2 %SUMMIT Operator revenue— — — — %— — 22.5 25.6 22.5 25.6 (3.1)(12.1)%Investment income— — — — %— — 16.1 7.4 16.1 7.4 8.7 117.6 %Interest income from real estate loans held by consolidated securitization vehicles— — — — %— — 16.0 — 16.0 — 16.0 100.0 %Other income4.5 1.2 3.3 275.0 %— — 17.7