Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 117

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 117
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 Estate segment Net operating income$265,296 $265,296 Equity in net income from unconsolidated joint ventures— 9,977 Income from debt fund investments, net— 600 Loan loss and other investment reserves, net of recoveries— 71,326 Depreciation and amortization(1,643)— Interest expense, net of interest income— (14,018)Interest expense on senior obligations of consolidated securitization vehicles— (34,989)SUMMIT Net income and DPE Net income$3,785 $92,379 $96,164 Non-operating net loss from unconsolidated joint ventures(120,705)Marketing, general and administrative expense(43,303)Transaction related costs(472)Depreciable real estate reserves(8,546)Depreciable real estate reserves in unconsolidated joint venture(1,780)Loss on sale of real estate, net(649)Purchase price and other fair value adjustments(19,228)Equity in net loss on sale of interest in unconsolidated joint venture/real estate(1,946)Gain on sale of marketable securities10,232 Depreciation and amortization(123,015)Amortization of deferred financing costs(3,429)Interest expense, net of interest income(76,981)Net Loss$(28,362)

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)June 30, 2025(unaudited)

June 30, 2024Real Estate SegmentSUMMIT SegmentDPE SegmentTotalTotal revenues$338,902 $58,206 $13,594 $410,702 Expenses:SUMMIT Operator expenses— 45,046 — SUMMIT Operator tax benefit— 560 — Operating Expenses89,941 — — Real Estate Taxes63,664 — — Operating lease rent12,773 — — Net operating income from unconsolidated joint ventures$261,662 Real Estate segment Net operating income$434,186 $434,186 Equity in net income from unconsolidated joint ventures— 1,720 Depreciation and amortization(1,036)— Interest expense, net of interest income— (13,111)Interest expense on senior obligations of consolidated se