Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 93

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 93
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, inclusive of our ownership share of the joint ventures, and related parties as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):June 30, 2025December 31, 2024Due from joint ventures$11,902 $19,199 Other128 7,666 Related party receivables$12,030 $26,865 

11. Noncontrolling Interests on the Company's Consolidated Financial Statements

Noncontrolling interests represent the common and preferred units of limited partnership interest in the Operating Partnership not held by the Company as well as third party equity interests in our other consolidated subsidiaries. Noncontrolling interests in the Operating Partnership are shown in the mezzanine equity while the noncontrolling interests in our other consolidated subsidiaries are shown in the equity section of the Company’s consolidated financial statements.Common Units of Limited Partnership Interest in the Operating PartnershipAs of June 30, 2025 and December 31, 2024, the noncontrolling interest unit holders owned 6.40%, or 4,852,552 units, and 5.97%, or 4,509,953 units, of the Operating Partnership, respectively. As of June 30, 2025, 4,852,552 shares of our common stock were reserved for issuance upon the redemption of units of limited partnership interest of the Operating Partnership.Noncontrolling interests in the Operating Partnership is 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 six months ended June 30, 2025 and the twelve months ended December 31, 2024 (in thousands):June 30, 2025December 31, 2024Balance at beginning of period$288,941 $238,051 Distributions(7,962)(13,915)Issuance of common units9,998 20,790 Redemption and conversion of common units(21,491)(28,663)Net (loss) income(2,240)497 Accumulated other comprehensive (loss) income allocation(2,418)151 Fair value adjustment22,323 72,030 Balance at end of period$287,151 $288,941 

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