Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 122

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 122
---
 include investment in commercial real estate properties and investment in unconsolidated joint ventures. During the three and six months ended June 30, 2025, there were no material changes to these estimates.

65

Table of Contents

Results of Operations

Comparison of the three months ended June 30, 2025 to the three months ended June 30, 2024 

The following comparison for the three months ended June 30, 2025, or 2025, to the three months ended June 30, 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 June 30, 2025 (Same-Store Properties totaled 22 of our 28 consolidated operating buildings),

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 or redevelopment,

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

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

v.“Other,” which represents properties where we sold an interest 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$149.3 $137.4 $11.9 8.7 %$— $0.2 $15.9 $13.0 $165.2 $150.6 $14.6 9.7 %SUMMIT Operator revenue— — — — %— — $31.0 $32.6 31.0 32.6 (1.6)(4.9)%Investment income— — — — %— — 6.3 6.2 6.3 6.2 0.1 1.6 %Interest income from real estate loans held by consolidated securitization vehicles— — — — %— — 21.0 — 21