Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 58

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 58
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 Marketable SecuritiesAt acquisition, we designate a debt security as held-to-maturity, available-for-sale, or trading. As of September 30, 2025, we did not have any debt securities designated as trading. We account for our available-for-sale securities at fair value pursuant to ASC 820, with the net unrealized gains or losses reported as a component of accumulated other comprehensive income or loss. The cost of marketable securities sold and the amount reclassified out of accumulated other comprehensive income into earnings is determined using the specific identification method. We account for held-to-maturity securities at amortized cost basis. Credit losses for our debt securities are recognized in accordance with ASC Topic 326, Financial Instruments — Credit Losses ("ASC 326"). No allowance for loan losses were recognized for the nine months ended September 30, 2025 and 2024. We account for marketable equity securities at fair value pursuant to ASC 820, with the net unrealized gains or losses reported in net income.As of September 30, 2025 and December 31, 2024, we held the following marketable securities (in thousands):September 30, 2025December 31, 2024Commercial mortgage-backed securities - available-for-sale$16,099 $17,323 Commercial mortgage-backed securities - held-to-maturity$— $5,489 Total investment in marketable securities$16,099 $22,812 The cost basis of the available-for-sale commercial mortgage-backed securities ("CMBS") was $16.4 million and $18.3 million as of September 30, 2025 and December 31, 2024, respectively. These securities mature at various times through 2030. As of September 30, 2025, three securities were in an unrealized gain position of $0.1 million with a fair market value of $7.2 million, and three securities were in an unrealized loss position of  $0.4 million with a fair market value of $8.9 million. These marketable securities were in a continuous unrealized loss position for less than 12 months. As of December 31, 2024, one security was in an unrealized gain position of $0.2 million with a fair market value of $5.5 million, and two securities were 

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial