Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 118

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 118
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curitization vehicles— — SUMMIT Net income and DPE Net income$11,564 $2,203 $13,767 Non-operating net loss from unconsolidated joint ventures(147,897)Marketing, general and administrative expense(41,345)Transaction related costs(92)Gain on early extinguishment of debt17,777 Depreciable real estate reserves(65,839)Loss on sale of real estate, net(2,741)Purchase price and other fair value adjustments(49,227)Equity in net gain on sale of interest in unconsolidated joint venture/real estate18,635 Depreciation and amortization(99,795)Amortization of deferred financing costs(3,216)Interest expense, net of interest income(53,865)Net Income$20,348 

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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)

The reportable segment profit or loss measures for the three months ended June 30, 2025 and 2024 are as follows (in thousands):June 30, 2025Real Estate SegmentSUMMIT SegmentDPE SegmentTotalTotal revenues$183,521 $31,007 $27,388 $241,916 Expenses:SUMMIT Operator expenses— 24,847 — SUMMIT Operator tax expense— 1,547 — Operating Expenses51,105 — — Real Estate Taxes37,750 — — Operating lease rent6,105 — — Net operating income from unconsolidated joint ventures$40,719 Real Estate segment Net operating income$129,280 $129,280 Equity in net income from unconsolidated joint ventures— 5,059 Income from debt fund investments, net— 600 Loan loss and other investment reserves, net of recoveries— 46,287 Depreciation and amortization(883)— Interest expense, net of interest income— (6,973)Interest expense on senior obligations of consolidated securitization vehicles— (21,017)SUMMIT Net income and DPE Net income$3,730 $51,344 $55,074 Non-operating net loss from unconsolidated joint ventures(68,553)Marketing, general