Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 48

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 48
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44,785)Perpetual preferred unit dividends(11,213)(11,213)DRSPP proceeds342 23,753 23,753 Conversion of common units77 — Reallocation of noncontrolling interest in the Operating Partnership(77,400)(77,400)Deferred compensation plan and unit awards, net of forfeitures and tax withholdings90 15,886 15,886 Contributions to consolidated joint venture interests1,823 1,823 Consolidation of joint venture interest6,678 6,678 Cash distributions to noncontrolling interests(4,567)(4,567)Cash distributions declared ($2.250 per common unit, none of which represented a return of capital for federal income tax purposes)(145,186)(145,186)Balance at September 30, 2024$221,932 65,235 $3,361,661 $(27,308)$63,720 $3,620,005 

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

19

Table of ContentsSL Green Operating Partnership, L.P.Consolidated Statements of Cash Flows(unaudited, in thousands)

Nine Months Ended September 30, 20252024Operating Activities   Net income$6,799 $11,084 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization193,027 158,892 Equity in net loss (income) from unconsolidated joint ventures30,892 (100,057)Distributions of cumulative earnings from unconsolidated joint ventures437 306 Equity in net gain on sale of interest in unconsolidated joint venture/real estate(84,926)(19,006)Purchase price and other fair value adjustments8,090 36,321 Depreciable real estate reserves and impairment8,546 65,839 Loss (gain) on sale of real estate, net1,717 (4,730)Loan loss reserves and other investment reserves, net of recoveries(71,326)— Gain on sale of investments in marketable securities(10,232)— Gain on early extinguishment of debt— (17,777)Deferred rents receivable520 (2,166)Non-cash lease expense15,879 15,147 Other non-cash adjustments 33,126 31,460 Changes in operating assets and