Company: SLG-PI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001040971-25-000031
Chunk: 99

Company: SL GREEN REALTY CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 99
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ferred UnitsPreferred units not owned by SL Green are further described in Note 11, “Noncontrolling Interests on the Company's Consolidated Financial Statements - Preferred Units of Limited Partnership Interest in the Operating Partnership.”Earnings per UnitThe Operating Partnership's earnings per unit for the three and six months ended June 30, 2025 and 2024, respectively, are computed as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,Numerator2025202420252024Basic (Loss) Earnings:Net (loss) income attributable to SLGOP common unitholders$(11,867)$(2,313)$(34,407)$11,729 Less: distributed earnings allocated to participating securities(1,243)(436)(2,486)(872)Net (loss) income attributable to SLGOP common unitholders (numerator for basic earnings per unit)$(13,110)$(2,749)$(36,893)$10,857 Add back: dilutive effect of earnings allocated to participating securities and contingently issuable shares— — — 436 (Loss) income attributable to SLGOP common unitholders (numerator for diluted earnings per unit)$(13,110)$(2,749)$(36,893)$11,293 Three Months Ended June 30,Six Months Ended June 30,Denominator2025202420252024Basic units:Weighted average common units outstanding74,455 68,740 74,491 68,753 Effect of Dilutive Securities:Stock-based compensation plans— — — 1,384 Diluted weighted average common units outstanding74,455 68,740 74,491 70,137 The Operating Partnership has excluded 352,917 and 352,917 common unit equivalents from the diluted units outstanding for the three and six months ended June 30, 2025, respectively, as they were anti-dilutive. The Operating Partnership has excluded 1,574,571 and 135,000 common unit equivalents from the diluted units outstanding for the three and six months ended June 30, 2024, respectively, as they were anti-dilutive.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)June 30, 2025(unaudited)

14. Share-based Compensation

We have share-based employee and director compensation plans