Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 60

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 60
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 2024, one investment, which is fully reserved, was not performing in accordance with its respective terms. This is further discussed in the Debt Investments table below.No other financing receivables were 90 days past due as of March 31, 2025 and December 31, 2024.

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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)

The following table sets forth the carrying value of our consolidated debt and preferred equity investment portfolio by risk rating as of March 31, 2025 and December 31, 2024 (dollars in thousands):Risk RatingMarch 31, 2025December 31, 20241 - Low Risk Assets - Low probability of loss$158,954 $156,720 2 - Watch List Assets - Higher potential for loss (1)159,235 147,006 3 - High Risk Assets - Loss more likely than not— — $318,189 $303,726 (1)Includes two investments with a total carrying value of $53.5 million that are included in the Company's alternative strategy portfolio.The following table sets forth the carrying value of our consolidated debt and preferred equity investment portfolio by year of origination and risk rating as of March 31, 2025 (dollars in thousands):As of March 31, 2025Risk Rating2024 (1)2023 (1)2022 (1)Prior (1)Total1 - Low Risk Assets - Low probability of loss$— $— $— $158,954 $158,954 2 - Watch List Assets - Higher potential for loss— — — 159,235 (2)159,235 3 - High Risk Assets - Loss more likely than not— — — — — $— $— $— $318,189 $318,189 (1)Year in which the investment was originated or acquired by us or in which a material modification occurred.(2)Includes two investments with a total carrying value of $53.5 million that are included in the Company's alternative strategy portfolio.We have determined that we have one portfolio segment of financing receivables as of March 31, 2025 and December 31, 2024 comprised of commercial real estate which is primarily recorded in debt and