Company: SLG-PI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001040971-25-000010
Chunk: 104

Company: SL GREEN REALTY CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 104
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 recorded at the greater of its cost basis or fair market value based on the closing stock price of our common stock at the end of the reporting period.Below is a summary of the activity relating to the noncontrolling interests in the Operating Partnership for the years ended December 31, 2024 and 2023 (in thousands): December 31, 2024December 31, 2023Balance at beginning of period$238,051 $269,993 Distributions(13,915)(14,779)Issuance of common units20,790 25,365 Redemption and conversion of common units(28,663)(18,589)Net income (loss)497 (37,465)Accumulated other comprehensive income (loss) allocation151 (1,960)Fair value adjustment72,030 15,486 Balance at end of period$288,941 $238,051 

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)December 31, 2024    

Preferred Units of Limited Partnership Interest in the Operating PartnershipBelow is a summary of the preferred units of limited partnership interest in the Operating Partnership as of December 31, 2024:IssuanceStated Distribution RateNumber of Units AuthorizedNumber of Units IssuedNumber of Units OutstandingAnnual Dividend  Per Unit(1)Liquidation Preference Per Unit(2)Conversion Price Per Unit(3)Date of IssuanceSeries A (4)6.00 %109,161 109,161 109,161 $60.0000 $1,000.00 $— August 2015Series F7.00 %60 60 60 70.0000 1,000.00 29.12 January 2007Series K3.50 %700,000 563,954 341,677 0.8750 25.00 134.67 August 2014Series L4.00 %500,000 378,634 272,783 1.0000 25.00 — August 2014Series R3.50 %400,000 400,000 400,000 0.8750 25.00 154.89 August 2015Series S4.00 %1,077,280 1,077,