Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 29

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 29
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879 (1,294)15,585 Acquisition of subsidiary interest from noncontrolling interest(5,674)(5,674)Other comprehensive income22,674 22,674 Perpetual preferred stock dividends(3,738)(3,738)DRSPP proceeds2 77 77 Reallocation of noncontrolling interest in the Operating Partnership(42,841)(42,841)Deferred compensation plan and stock awards, net of forfeitures and tax withholdings78 4,601 4,601 Consolidation of joint venture interest6,678 6,678 Cash distributions to noncontrolling interests(1,283)(1,283)Cash distributions declared ($0.750 per common share, none of which represented a return of capital for federal income tax purposes)(48,356)(48,356)Balance at March 31, 2024$221,932 64,806 $660 $3,831,130 $(128,655)$40,151 $(229,607)$68,037 $3,803,648 

The accompanying notes are an integral part of these consolidated financial statements.

9

Table of ContentsSL Green Realty Corp.Consolidated Statements of Cash Flows(unaudited, in thousands,  except per share data)

Three Months Ended March 31,20252024Operating Activities Net (loss) income$(21,545)$18,389 Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:Depreciation and amortization66,185 50,123 Equity in net income from unconsolidated joint ventures(1,170)(111,160)Distributions of cumulative earnings from unconsolidated joint ventures122 68 Equity in net gain on sale of interest in unconsolidated joint venture/real estate— (26,764)Purchase price and other fair value adjustments9,611 50,492 Depreciable real estate reserves and impairment8,546 52,118 Loss on sale of real estate, net482 — Loan loss reserves and other investment reserves, net of recoveries(25,039)— Deferred rents receivable3,586 (3,721)Non-cash lease expense5,191 5,003 Other non-cash adjustments 9,499 11,166 Changes in operating assets and liabilities:Tenant and other receivables(