Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 110

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 110
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 $919,366 $284,888 $— $272,325 $2,036,727 Revolving credit facility— — 490,000 — — — 490,000 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 leases2,424 3,276 3,325 3,375 3,426 193,368 209,194 Operating leases40,205 53,734 53,746 54,211 54,443 1,154,422 1,410,761 Estimated interest expense138,283 167,087 88,941 31,797 27,959 275,487 729,554 Joint venture debt1,196,030 936,639 1,718,655 382,294 — 1,800,300 6,033,918 Total$1,846,942 $1,450,884 $4,324,033 $756,565 $85,828 $3,795,902 $12,260,154 

We estimate that for the remainder of the year ending December 31, 2025, we expect to incur $113.7 million of leasing capital expenditures and $20.9 million of recurring capital expenditures on existing consolidated properties, of which $24.6 million will be funded by loan reserves. In addition, we expect to incur $20.8 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 $113.5 million, of which $42.2 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 March 31, 2025, we had liquidity of $0.9 billion, comprised of $752.5 million of availability under our revolving credit facility and $192.4