Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 96

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 96
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ized inOther Comprehensive (Loss) IncomeLocation of Gain Reclassified from Accumulated Other Comprehensive (Loss) Income into IncomeAmount of Gain Reclassified fromAccumulated OtherComprehensive (Loss) Income into IncomeThree Months Ended March 31,Three Months Ended March 31,Derivative2025202420252024Interest Rate Swaps/Caps$(12,314)$31,156 Interest expense$5,718 $9,763 Share of unconsolidated joint ventures' derivative instruments(6,448)5,705 Equity in net (loss) income from unconsolidated joint ventures872 3,884 $(18,762)$36,861 $6,590 $13,647 The following table summarizes the notional value at inception and fair value of our joint ventures' derivative financial instruments as of March 31, 2025 based on Level 2 information. The notional value is an indication of the extent of our involvement in these instruments at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands).NotionalValueStrikeRateEffectiveDateExpirationDateClassificationFairValueInterest Rate Cap$618,406 4.000 %November 2024May 2025Asset$229 Interest Rate Cap285,000 4.000 %August 2024July 2025Asset230 Interest Rate Swap250,000 3.608 %April 2023February 2026Asset753 Interest Rate Swap250,000 3.608 %April 2023February 2026Asset753 Interest Rate Swap177,000 1.555 %December 2022February 2026Asset3,706 Interest Rate Swap268,750 4.039 %July 2024September 2028Liability(3,891)Interest Rate Swap268,750 4.058 %July 2024September 2028Liability(4,058)Interest Rate Swap537,500 4.065 %July 2024September 2028Liability(8,345)$(10,623)

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)March 31, 2025(unaudited)

18. Lease Income

The Operating Partnership is the lessor and the sublessor to tenants under