Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 17

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 17
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284,775 $— $272,326 $2,043,402 Revolving credit facility— — 360,000 — — — 360,000 Unsecured term loans— 100,000 1,050,000 — — — 1,150,000 Senior unsecured notes100,000 — — — — — 100,000 Trust preferred securities— — — — — 100,000 100,000 Financing leases1,616 3,276 3,325 3,375 3,426 193,368 208,386 Operating leases27,137 54,634 54,796 55,311 55,543 1,172,846 1,420,267 Estimated interest expense90,400 165,230 85,856 31,339 27,761 275,893 676,479 Joint venture debt1,120,691 1,009,242 1,730,905 382,294 — 1,800,300 6,043,432 Total$1,709,844 $1,522,530 $4,211,035 $757,094 $86,730 $3,814,733 $12,101,966 

We estimate that for the remainder of the year ending December 31, 2025, we expect to incur $67.1 million of leasing capital expenditures and $26.0 million of recurring capital expenditures on existing consolidated properties, of which $17.7 million will be funded by loan reserves. In addition, we expect to incur $19.1 million of development or redevelopment expenditures on existing consolidated properties, none of which will be funded by construction financing facilities or loan reserves. We expect our share of capital expenditures at our joint venture properties will be $72.6 million, of which $21.5 million will be funded by construction financing facilities or loan reserves. We expect to fund capital expenditures from operating cash flow, existing liquidity, and borrowings from construction financing facilities. Future property acquisitions may require substantial capital investments for refurbishment and leasing costs.

As of June 30, 2025, we had liquidity of $1.1 billion, comprised of $882.5 million of availability under our revolving credit facility and $200.1 million of consolidated cash on