Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 113

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 113
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 the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at their aggregate termination value of $18.5 million as of June 30, 2025.Gains and losses on terminated hedges are included in accumulated other comprehensive income, and are recognized into earnings over the term of the related obligation. Over time, the realized and unrealized gains and losses held in accumulated other comprehensive income will be reclassified into earnings as an adjustment to interest expense in the same periods in which the hedged interest payments affect earnings. We estimate that ($35.1 million) of the current balance held in accumulated other comprehensive income will be reclassified into interest expense and $1.2 million of the portion related to our share of joint venture accumulated other comprehensive income will be reclassified into equity in net (loss) income from unconsolidated joint ventures within the next 12 months.The following table presents the effects of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the three months ended June 30, 2025 and 2024, respectively (in thousands): Amount of Gain Recognized inOther Comprehensive (Loss) IncomeLocation of Gain Reclassified from Accumulated Other Comprehensive (Loss) Income into IncomeAmount of Gain Reclassified fromAccumulated OtherComprehensive (Loss) Income into IncomeThree Months Ended June 30,Three Months Ended June 30,Derivative2025202420252024Interest Rate Swaps/Caps$(3,081)$11,192 Interest expense$5,906 $9,734 Share of unconsolidated joint ventures' derivative instruments(2,622)1,836 Equity in net (loss) income from unconsolidated joint ventures975 3,392 $(5,703)$13,028 $6,881 $13,126 

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

The following table presents the effect of our derivative financial instruments and our share of our joint ventures' derivative financial instruments that are designated and qualify as hedging instruments on the consolidated statements of operations for the six months ended June 30, 2025 and 2024, respectively (in thousands): Amount