Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 115

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 115
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,343 $405,130 Variable lease payments18,863 17,317 55,067 45,687 Total lease payments (1)$170,041 $157,767 $501,410 $450,817 Amortization of acquired above and below-market leases(1,505)(834)(4,618)(1,748)Total rental revenue$168,536 $156,933 $496,792 $449,069 (1)Amounts include $45.7 million and $136.8 million of sublease income during the three and nine months ended September 30, 2025, respectively, and $47.4 million and $141.6 million of sublease income during the three and nine months ended September 30, 2024 respectively. The components of lease income from sales-type leases during the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Interest income (1)$1,141 $1,127 $3,411 $3,369 (1)These amounts are included in "Other income" in our consolidated statements of operations.

19. Commitments and Contingencies

Legal ProceedingsAs of September 30, 2025, the Company and the Operating Partnership were not involved in any material litigation nor, to management's knowledge, was any material litigation threatened against us or our portfolio which if adversely determined could have a material adverse impact on us.Environmental MattersOur management believes that the properties are in compliance in all material respects with applicable Federal, state and local ordinances and regulations regarding environmental issues. Management is not aware of any environmental liability that it believes would have a materially adverse impact on our financial position, results of operations or cash flows. Management is unaware of any instances in which it would incur significant environmental cost if any of our properties were sold.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)September 30, 2025(unaudited)

20. Segment Information

The Company has three operating and reportable segments, real estate, debt and preferred equity investments, and SUMMIT. The results of these segments are provided to and reviewed by the CEO, our chief operating decision maker (“CODM”), who uses this information to assess performance