Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 131

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 131
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,Operating Lease Costs202420232022Operating lease costs before capitalized operating lease costs$24,423 $29,637 $33,773 Operating lease costs capitalized— (2,345)(6,830)Operating lease costs, net (1)$24,423 $27,292 $26,943 (1)This amount is included in Operating lease rent in our consolidated statements of operations.The following table provides lease cost information for the Company's financing leases for the years ended December 31, 2024, 2023 and 2022 (in thousands):Year Ended December 31,Financing Lease Costs202420232022Interest on financing leases before capitalized interest$4,502 $4,446 $4,555 Interest on financing leases, net (1)4,502 4,446 4,555 Financing lease costs, net$4,502 $4,446 $4,555 (1)These amounts are included in Interest expense, net of interest income in our consolidated statements of operations.(2)These amounts are included in Depreciation and amortization in our consolidated statements of operations.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)December 31, 2024    

As of December 31, 2024, the weighted-average discount rate used to calculate the lease liabilities was 4.46%. As of December 31, 2024, the weighted-average remaining lease term was 27 years, inclusive of purchase options expected to be exercised.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)December 31, 2024    

21. Segment Information

The Company has three operating and reportable segments, real estate, debt and preferred equity investments, and SUMMIT. The results of these segments are provided to and reviewed by the CEO, our chief operating decision maker (“CODM”), who uses this information to assess performance and inform key decisions regarding operations, resources and capital allocation.In 2024, our CODM revised the approach for reviewing results of the operating and reportable segments to be more specific to the respective businesses of each. Previously, the same profit or loss measure was utilized across all segments. With the continued growth and diversification of the Company's revenue sources, we determined that this approach needed to evolve accordingly. As