Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 83

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 83
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 unconsolidated joint ventures$2,627,443 $2,690,138 (1)At September 30, 2025, $435.6 million of net unamortized basis differences between the amount at which our investments are carried and our share of equity in net assets of the underlying property will be amortized through equity in net income (loss) from unconsolidated joint ventures over the remaining life of the underlying items having given rise to the differences.The combined statements of operations for the unconsolidated joint ventures, from acquisition date through the three and nine months ended September 30, 2025 and 2024, are as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Total revenues$405,636 $376,949 $1,159,738 $1,107,295 Operating expenses71,447 67,104 202,659 192,587 Real estate taxes71,117 73,686 214,279 222,797 Operating lease rent(3,065)8,487 9,458 25,990 Loan loss and other investment reserves, net of recoveries— — 1,438 — Transaction related costs695 — 695 — Interest expense, net of interest income111,539 141,067 370,771 433,117 Amortization of deferred financing costs6,693 4,487 18,590 14,718 Depreciation and amortization128,565 137,640 375,405 407,429 Total expenses386,991 432,471 1,193,295 1,296,638 Gain on early extinguishment of debt129,068 — 129,068 233,704 Net income (loss)$147,713 $(55,522)$95,511 $44,361 Company's equity in net (loss) income from unconsolidated joint ventures$(9,287)$(15,428)$(30,892)$100,057 

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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)

7. Debt Fund 

As of September 30, 2025, total capital committed to the Fund was $1.0