Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 75

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 75
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 good faith and a potential source of funds to offset the economic costs associated with lost revenue from that tenant and the costs associated with re-tenanting a space. The properties in our real estate portfolio are located in the New York metropolitan area, principally in Manhattan. Our tenants operate in various industries. Other than one tenant, Paramount Global, which accounted for 5.5% of our share of annualized cash rent as of December 31, 2024, no other tenant in our portfolio accounted for more than 5.0% of our share of annualized cash rent, including our share of joint venture annualized cash rent, as of December 31, 2024.For the years ended December 31, 2024, 2023, and 2022, the following properties contributed more than 5.0% of our annualized cash rent from office properties, including our share of annualized cash rent from joint venture office properties:Property2024Property2023Property2022One Vanderbilt Avenue14.7%One Vanderbilt Avenue16.0%One Vanderbilt Avenue14.1%11 Madison Avenue8.8%11 Madison Avenue8.3%245 Park Avenue10.0%420 Lexington Avenue7.0%420 Lexington Avenue6.7%11 Madison Avenue7.8%1515 Broadway6.7%1515 Broadway6.4%420 Lexington Avenue6.3%245 Park Avenue6.7%1185 Avenue of the Americas5.6%1515 Broadway5.8%1185 Avenue of the Americas5.9%280 Park Avenue5.5%1185 Avenue of the Americas5.1%280 Park Avenue5.2%245 Park Avenue5.5%280 Park Avenue5.1%As of December 31, 2024, 57.2% of our work force is covered by five collective bargaining agreements, and none of our work force is covered by collective bargaining agreements that expire before December 31, 2025. See Note 19, "Benefits Plans."ReclassificationCertain prior year balances have been reclassified to conform to our current year presentation.Beginning in the second quarter of 2024, we reclassified amounts recorded for certain right-of-use assets classified as operating leases from a gross presentation above accumulated depreciation to a net presentation below accumulated depreciation in our consolidated balance sheets. This includes reclassifying the related amortization that was previously included in the accumulated depreciation. We believe this presentation enhances the Company's financial statements.

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