Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 98

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 98
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 quarterly dividend that may be paid to the holder of a share of common stock. Each series of Preferred Units makes a distribution that is set in accordance with an amendment to the partnership agreement of the Operating Partnership. Preferred Units may also be convertible into OP Units at the election of the holder thereof or the Company, subject to the terms of such Preferred Units.Net income (loss) allocated to the preferred unitholders and common unitholders reflects their pro rata share of net income (loss) and distributions.

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

Limited Partner UnitsAs of September 30, 2025, limited partners, other than SL Green, owned 6.39%, or 4,849,771 common units, of the Operating Partnership.Preferred UnitsPreferred units not owned by SL Green are further described in Note 11, “Noncontrolling Interests on the Company's Consolidated Financial Statements - Preferred Units of Limited Partnership Interest in the Operating Partnership.”Earnings per UnitThe Operating Partnership's earnings per unit for the three and nine months ended September 30, 2025 and 2024, respectively, are computed as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,Numerator2025202420252024Basic Earnings (Loss):Net income (loss) attributable to SLGOP common unitholders$26,611 $(14,193)$(7,796)$(2,464)Less: distributed earnings allocated to participating securities(1,239)(1,147)(3,725)(3,415)Net income (loss) attributable to SLGOP common unitholders (numerator for basic earnings per unit)$25,372 $(15,340)$(11,521)$(5,879)Add back: dilutive effect of earnings allocated to participating securities and contingently issuable shares213 — — — Income (loss) attributable to SLGOP common unitholders (numerator for diluted earnings per unit)$25,585 $(15,340)$(11,521)$(5,879)Three Months Ended September 30,Nine Months Ended September 30,Denominator2025202420252024Basic units:Weighted average common units outstanding74,318 67,999 74,433 68,092 Effect of Dilutive Securities:Stock-based