Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 132

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 132
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 a result, our CODM now evaluates real estate performance and allocates resources based on net operating income ("NOI"), which serves as the profit or loss measure for the operating segment. For our debt and preferred equity investments and SUMMIT operating segment performance, our CODM evaluates and allocates resources based on net income. The CODM does not review asset information as a measure to assess performance. 

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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    

The reportable segment profit or loss measures for the twelve months ended December 31, 2024, December 31, 2023, and December 31, 2022 are as follows (in thousands): December 31, 2024Real Estate SegmentSUMMIT SegmentDPE SegmentTotalTotal revenues$709,725 $133,214 $43,333 $886,272 Expenses:SUMMIT Operator expenses— 111,739 — SUMMIT Operator tax expense— 730 — Operating Expenses189,598 — — Real Estate Taxes128,187 — — Operating lease rent24,423 — — Net operating income from unconsolidated joint ventures$363,113 Real Estate segment Net operating income$730,630 $730,630 Equity in net loss (income) from unconsolidated joint ventures— 11,513 Depreciation and amortization(2,436)— Interest expense, net of interest income— (28,142)Interest expense on senior obligations of consolidated securitization vehicles— (14,634)SUMMIT and DPE Net income$18,309 $12,070 $30,379 Non-operating net loss from unconsolidated joint ventures(291,131)Marketing, general and administrative expense(85,187)Transaction related costs(401)Gain on early extinguishment of debt43,762 Depreciable real estate reserves(104,071)Depreciable real estate reserves in unconsolidated joint venture(263,190)Gain on sale of real estate, net3,025 Purchase price and other fair value adjustments88,966 Equity in net gain on sale of interest in unconsolidated joint venture/real estate208,144 Depreciation and amortization(205,007)Amortization of