Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 4

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 4
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 17.8 (17.8)(100.0)%Loan loss and other investment reserves, net of recoveries46.3 — 46.3 100.0 %Gain on sale of marketable securities10.2 — 10.2 100.0 %Net (loss) income$(6.8)$2.0 $(8.8)(440.0)%    

66

Rental revenue

Rental revenues increased due primarily to the consolidation of 100 Park Avenue ($10.1 million) at the end of the fourth quarter of 2024 and the acquisition of 500 Park Avenue ($4.3 million) in the first quarter of 2025. 

The following table presents a summary of the commenced leasing activity for the three months ended June 30, 2025 in our Manhattan portfolio:

 UsableSFRentableSFNew Cash Rent (per rentable SF) (1)Prev.EscalatedRent (perrentableSF) (2)TI/LCperrentableSFFreeRent (inmonths)AverageLeaseTerm (inyears)Manhattan       Space available at beginning of the period2,510,328      Property out of redevelopment392,845 Space which became available during the period (3)     •       Office431,674       •       Retail1,226       •       Storage1,458        434,358       Total space available3,337,531       Leased space commenced during the period:       •       Office(4)548,719 605,551 $69.34 $91.47 $127.85 13.0 11.1 •       Retail7,963 6,918 $75.16 $68.99 $43.37 8.0 20.7 •       Storage3,173 3,052 $24.83 $15.00 $2.13 8.9 11.8 Total leased space commenced559,855 615,521 $69.19 $90.51 $126.28 12.9 11.2 Total available space at end of period2,777,676       Early renewals      •       Office95,263 101,204 $83.