Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 19

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 19
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, leasing, financing and property management skills and invest in existing buildings that meet our investment criteria. During the six months ended June 30, 2025, when compared to the six months ended June 30, 2024, we used cash primarily for the following investing activities (in thousands):

Acquisitions of real estate$(112,440)Capital expenditures and capitalized interest(27,995)Acquisition deposits and deferred purchase price12,817 Joint venture investments268,159 Distributions from joint ventures(21,521)Proceeds from sales of real estate/partial interest in property(361,212)Debt and preferred equity and other investments75,902 Increase in net cash used in investing activities$(166,290)

Funds spent on capital expenditures, which are comprised of building and tenant improvements, increased from $108.1 million for the six months ended June 30, 2024 to $136.1 million for the six months ended June 30, 2025 due to increased spending on development and redevelopment properties. 

We generally fund our investment activity through the sale of real estate, the sale or repayment of debt and preferred equity investments, property-level financing, our corporate credit facilities, or construction facilities. From time to time, the Company may issue common or preferred stock or equity-linked securities, or the Operating Partnership may issue common or preferred units of limited partnership interest.

During the six months ended June 30, 2025, when compared to the six months ended June 30, 2024, we used cash primarily for the following financing activities (in thousands):

Proceeds from our debt obligations$(124,453)Repayments of our debt obligations311,324 Net distribution to noncontrolling interests27,436 Other financing activities(10,837)Proceeds from stock options exercised and DRSPP issuance11 Proceeds from issuance of common stock(871)Dividends and distributions paid(11,934)Decrease in net cash used in financing activities$190,676 

Capitalization

Our authorized capital stock consists of 260,000,000 shares, $0.01 par value per share, consisting of 160,000,000 shares of common stock, $0.01 par value per share, 75,000,000 shares of excess stock, at $0.01 par value per share, and 25,000,000 shares of preferred stock, $0.01 par value per share. As of June 30, 202