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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 17, 2024

SL GREEN REALTY CORP.
(Exact name of registrant as specified in its charter)

Maryland
(State or other jurisdiction of incorporation or organization)

1-13199 13-3956775
(Commission File Number)        (I.R.S. Employer Identification No.)
One Vanderbilt Avenue                10017
New York, New York              (Zip Code)
(Address of principal executive offices)
(212) 594-2700
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Registrant Trading Symbol Title of Each Class Name of Each Exchange on Which Registered
SL Green Realty Corp. SLG Common Stock, $0.01 par value New York Stock Exchange
SL Green Realty Corp. SLG.PRI 6.500% Series I Cumulative Redeemable Preferred Stock, $0.01 par value New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company     [☐]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [ ]


Item 2.02.    Results of Operations and Financial Condition

Following the issuance of a press release on July 17, 2024 announcing SL Green Realty Corp.’s, or the Company, results for the quarter ended June 30, 2024, the Company has made available on its website supplemental information regarding the Company’s operations that is too voluminous for a press release. The Company is attaching the press release as Exhibit 99.1 and the supplemental package as Exhibit 99.2 to this Current Report on Form 8-K.

The information (including Exhibits 99.1 and 99.2) being furnished pursuant to this “Item 2.02. Results of Operations and Financial Condition” shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Act, or the Exchange Act regardless of any general incorporation language in such filing.

Item 7.01.    Regulation FD Disclosure

As discussed in Item 2.02 above, on July 17, 2024, the Company issued a press release announcing its results for the quarter ended June 30, 2024, and that it is maintaining its earnings guidance of net income per share of $2.73 to $3.03 for the year ending December 31, 2024, and revising its NAREIT defined FFO per share (diluted) guidance of $7.35 to $7.65 for the year ending December 31, 2024 to $7.45 to $7.75 of FFO per share (diluted).

The following table reconciles the estimated earnings per share (diluted) to FFO per share (diluted) range for the year ending December 31, 2024:

Year Ending
December 31,
2024 2024
Net income per share attributable to SL Green stockholders (diluted) $ 2.73  $ 3.03 
Add:
Depreciation and amortization 2.48  2.48 
Joint ventures depreciation and noncontrolling interests adjustments 3.66  3.66 
Net loss attributable to noncontrolling interests (0.09) (0.09)
Depreciable real estate reserve 0.94  0.94 
Less:
Gain on sale of real estate and discontinued operations, net 2.73  2.73 
Equity in net gain on sale of interest in unconsolidated joint venture / real estate 0.27  0.27 
Purchase price and other fair value adjustments (0.79) (0.79)
Depreciation on non-real estate assets 0.06  0.06 
Funds From Operations per share attributable to SL Green common stockholders and noncontrolling interests (diluted) $ 7.45  $ 7.75 

The information being furnished pursuant to this “Item 7.01. Regulation FD Disclosure” shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing. This information will not be deemed an admission as to the materiality of such information that is required to be disclosed solely by Regulation FD.

Item 9.01.    Financial Statements and Exhibits

(d)     Exhibits

    99.1    Press release regarding results for the quarter ended June 30, 2024.
    99.2    Supplemental package.



Non-GAAP Supplemental Financial Measures

Funds from Operations (FFO)

FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended in December 2018, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.

The Company presents FFO because it considers it an important supplemental measure of the Company’s operating performance and believes that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, particularly those that own and operate commercial office properties. The Company also uses FFO as one of several criteria to determine performance-based compensation for members of its senior management. FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions, and real estate related impairment charges, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, and interest costs, providing perspective not immediately apparent from net income. FFO does not represent cash generated from operating activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance or to cash flow from operating activities (determined in accordance with GAAP) as a measure of the Company’s liquidity, nor is it indicative of funds available to fund the Company’s cash needs, including the Company's ability to make cash distributions.

Funds Available for Distribution (FAD)

FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and pro-rata adjustments for these items from the Company's unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring capital expenditures.
FAD is not intended to represent cash flow for the period and is not indicative of cash flow provided by operating activities as determined in accordance with GAAP. FAD is presented solely as a supplemental disclosure with respect to liquidity because the Company believes it provides useful information regarding the Company’s ability to fund its dividends. Because all companies do not calculate FAD the same way, the presentation of FAD may not be comparable to similarly titled measures of other companies. FAD does not represent cash flow from operating, investing and finance activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.
Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)

EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.
The Company presents EBITDAre because the Company believes that EBITDAre, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of the Company’s ability to incur and service debt. EBITDAre should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.


Net Operating Income (NOI) and Cash NOI
NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and the amortization of acquired above and below-market leases from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.

The Company presents NOI and Cash NOI because the Company believes that these measures, when taken together with the corresponding GAAP financial measures and reconciliations, provide investors with meaningful information regarding the operating performance of properties. When operating performance is compared across multiple periods, the investor is provided with information not immediately apparent from net income that is determined in accordance with GAAP. NOI and Cash NOI provide information on trends in the revenue generated and expenses incurred in operating the Company's properties, unaffected by the cost of leverage, straight-line adjustments, depreciation, amortization, and other net income components. The Company uses these metrics internally as performance measures. None of these measures is an alternative to net income (determined in accordance with GAAP) and same-store performance should not be considered an alternative to GAAP net income performance.
Coverage Ratios
The Company presents fixed charge and debt service coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and operating lease rent from current cash net operating income. These coverage ratios represent a common measure of the Company’s ability to service fixed cash payments; however, these ratios are not used as an alternative to cash flow from operating, financing and investing activities (determined in accordance with GAAP).


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SL GREEN REALTY CORP.
/s/ Matthew J. DiLiberto
Matthew J. DiLiberto
Chief Financial Officer
Date: July 18, 2024



EX-99.1 2 a24q2earningsrelease.htm EX-99.1 Document
Exhibit 99.1

SL GREEN REALTY CORP. REPORTS
SECOND QUARTER 2024 EPS OF ($0.04) PER SHARE;
AND FFO OF $2.05 PER SHARE

INCREASES 2024 EARNINGS GUIDANCE


Financial and Operating Highlights
•Net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024 as compared to net loss of $5.63 per share for the same period in 2023.
•Funds from operations, or FFO, of $2.05 per share for the second quarter of 2024, inclusive of $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $1.43 per share for the same period in 2023.
•The Company is increasing its 2024 earnings guidance range for the year ending December 31, 2024 to FFO per share of $7.45 to $7.75, an increase of $0.10 per share at the midpoint, to reflect the outperformance of the real estate portfolio and SUMMIT One Vanderbilt as well as incremental fee generation, while maintaining its 2024 net income guidance range of $2.73 to $3.03 per share.
•Signed 38 Manhattan office leases covering 420,513 square feet in the second quarter of 2024 and 98 Manhattan office leases covering 1,054,173 square feet in the first six months of 2024. The mark-to-market on signed Manhattan office leases was 15.5% higher for the second quarter and 5.4% higher for the first six months of 2024 than the previous fully escalated rents on the same spaces.
•To date in 2024, signed 105 Manhattan office leases covering 1,421,574 square feet with a mark-to-market of 12.8% higher than the previous fully escalated rents on the same spaces.
•Same-store cash net operating income, or NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, decreased by 1.3% for both the second quarter and the first six months of 2024, as compared to the same periods in 2023, excluding lease termination income.
•Manhattan same-store office occupancy increased to 89.6% as of June 30, 2024, inclusive of leases signed but not yet commenced. The Company expects to increase Manhattan same-store office occupancy, inclusive of leases signed but not yet commenced, to more than 91.5% by December 31, 2024.



Investing Highlights
•Contracted for sale of 100% of the Giorgio Armani Residences at 760 Madison Avenue for gross consideration totaling $168.2 million. All sales are expected to close in the fourth quarter of 2024.
•In July, closed on the previously announced sale of the Palisades Premier Conference Center for $26.3 million plus certain fees payable to the Company. The Company took control of the property in July 2023 in partial satisfaction of a legal judgement. The transaction generated net proceeds to the Company of $19.8 million.
•Closed on the previously announced sale of 719 Seventh Avenue in Times Square for $30.5 million plus certain fees payable to the Company. The transaction generated net proceeds to the Company of $3.6 million after repayment of the mortgage loan. In connection with the closing of the sale, the Company repaid the existing $50.0 million mortgage for $32.0 million.
•Together with our joint venture partner, closed on the previously announced sale of the fee ownership interest in 625 Madison Avenue for a gross sales price of $634.6 million plus certain fees payable to the Company. In connection with the sale, the Company, together with its joint venture partner, originated a $235.5 million preferred equity investment in the property. The transaction generated net proceeds to the Company of $199.3 million.
Financing Highlights
•Together with our joint venture partner, closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue. The modification extended the maturity date to September 2026, with the partnership's option to extend to a fully extended maturity date of September 2028. The interest rate was maintained at 1.78% over Term SOFR, which the partnership subsequently fixed at 5.84% through the fully extended maturity date.
•The partnership separately modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.
Special Servicing and Asset Management Highlights
•The Company continues to grow its special servicing and asset management business, with $3.0 billion of active assignments.



NEW YORK, July 17, 2024 - SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported a net loss attributable to common stockholders for the quarter ended June 30, 2024 of $2.2 million and $0.04 per share as compared to a net loss of $360.2 million and $5.63 per share for the same quarter in 2023.
The Company also reported net income attributable to common stockholders for the six months ended June 30, 2024 of $11.0 million and $0.16 per share as compared to a net loss of $399.9 million and $6.25 per share for the same period in 2023.
The Company reported FFO for the quarter ended June 30, 2024 of $143.9 million and $2.05 per share, or $94.1 million and $1.34 per share, excluding $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $98.4 million and $1.43 per share for the same period in 2023, which was net of $0.4 million, or $0.01 per share, of non-cash fair value adjustments for derivatives.
The Company also reported FFO for the six months ended June 30, 2024 of $359.4 million and $5.12 per share, or $162.7 million and $2.32 per share, excluding $190.1 million, or $2.71 per share, of gains on discounted debt extinguishments at 2 Herald Square, 280 Park Avenue, and 719 Seventh Avenue and $6.5 million, or $0.09 per share, of non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $203.9 million and $2.96 per share for the same period in 2023.
All per share amounts are presented on a diluted basis.
Operating and Leasing Activity
Same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, decreased by 0.9% for the second quarter of 2024, or 1.3% excluding lease termination income, as compared to the same period in 2023.
Same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, increased by 0.1% for the six months ended June 30, 2024, and decreased 1.3% excluding lease termination income, as compared to the same period in 2023.
During the second quarter of 2024, the Company signed 38 office leases in its Manhattan office portfolio totaling 420,513 square feet. The average rent on the Manhattan office leases signed in the second quarter of 2024, excluding leases signed at One Vanderbilt and One Madison, was $100.66 per rentable square foot with an average lease term of 8.8 years and average tenant concessions of 7.0 months of free rent with a tenant improvement allowance of $77.26 per rentable square foot. Twenty-one leases comprising 266,133 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $112.76 per rentable square foot, representing a 15.5% increase over the previous fully escalated rents on the same office spaces.



During the six months ended June 30, 2024, the Company signed 98 office leases in its Manhattan office portfolio totaling 1,054,173 square feet. The average rent on the Manhattan office leases signed in 2024, excluding leases signed at One Vanderbilt and One Madison, was $85.54 per rentable square foot with an average lease term of 7.5 years and average tenant concessions of 6.9 months of free rent with a tenant improvement allowance of $63.46 per rentable square foot. Fifty-three leases comprising 560,716 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $94.45 per rentable square foot, representing a 5.4% increase over the previous fully escalated rents on the same office spaces.
Occupancy in the Company's Manhattan same-store office portfolio increased to 89.6% as of June 30, 2024, inclusive of 436,291 square feet of leases signed but not yet commenced, as compared to 89.2% at the end of the previous quarter. The Company expects to increase Manhattan same-store office occupancy, inclusive of leases signed but not yet commenced, to more than 91.5% by December 31, 2024.
Significant leasing activity in the second quarter and to date in July includes:
•Renewal and expansion with Ares Management for 307,336 square feet at 245 Park Avenue;
•New lease with Elliot Management Corporation for 149,437 square feet at 280 Park Avenue;
•New lease with Tradeweb Markets LLC for 75,825 square feet at 245 Park Avenue;
•Three new leases for a total of 37,856 square feet at 220 East 42nd Street;
•Early renewal with Brightwood Capital Advisors for 17,320 square feet at 810 Seventh Avenue;
•New lease with Bluerock Real Estate LLC for 14,085 square feet at 919 Third Avenue; and
•New lease with Willow Tree Capital Partners for 10,820 square feet at 450 Park Avenue.



Investment Activity
Contracted for sale of 100% of the Giorgio Armani Residences at 760 Madison Avenue for gross consideration totaling $168.2 million. All sales are expected to close in the fourth quarter of 2024.
In July, the Company closed on the previously announced sale of the Palisades Premier Conference Center for $26.3 million plus certain fees payable to the Company. The Company took control of the property in July 2023 in partial satisfaction of a legal judgement. The transaction generated net proceeds to the Company of $19.8 million.
In June, the Company closed on the previously announced sale of 719 Seventh Avenue in Times Square for $30.5 million plus certain fees payable to the Company. The transaction generated net proceeds to the Company of $3.6 million after repayment of the mortgage loan. In connection with the closing of the sale, the Company repaid the existing $50.0 million mortgage for $32.0 million.
In May, together with our joint venture partner, the Company closed on the previously announced sale of the fee ownership interest in 625 Madison Avenue for a gross sales price of $634.6 million plus certain fees payable to the Company. In connection with the sale, the Company, together with its joint venture partner, originated a $235.5 million preferred equity investment in the property. The transaction generated net proceeds to the Company of $199.3 million.
Debt and Preferred Equity Investment Activity
The carrying value of the Company’s debt and preferred equity portfolio was $495.7 million at June 30, 2024, including $205.2 million representing the Company's share of the preferred equity investment in 625 Madison Avenue that was originated in the second quarter and is accounted for as an unconsolidated joint venture. The portfolio had a weighted average current yield of 7.5%, or 8.8% as of June 30, 2024, excluding the effect of a $50.0 million investment that is on non-accrual. During the second quarter, no investments were sold or repaid, and the Company did not acquire any new investments.
Financing Activity
In April, together with our joint venture partner, closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue. The modification extended the maturity date to September 2026, with the partnership's option to extend to a fully extended maturity date of September 2028. The interest rate was maintained at 1.78% over Term SOFR, which the partnership subsequently fixed at 5.84% through the fully extended maturity date.
The partnership separately modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.



Special Servicing and Asset Management Activity
The Company continues to grow its special servicing and asset management business, with $3.0 billion of active assignments. In addition, we have been designated as special servicer of $6.4 billion of assets that are not currently in special servicing. Since inception, the Company's cumulative special servicing and asset management appointments total $17.4 billion.
Earnings Guidance
The Company is increasing its 2024 earnings guidance range for the year ending December 31, 2024 to FFO per share of $7.45 to $7.75, to reflect the outperformance of the real estate portfolio and SUMMIT One Vanderbilt as well as incremental fee generation, while maintaining its 2024 net income guidance range of $2.73 to $3.03.
Dividends
In the second quarter of 2024, the Company declared:
•Three monthly ordinary dividends on its outstanding common stock of $0.25 per share, which were paid in cash on May 15, June 17, and July 15, 2024, equating to an annualized dividend of $3.00 per share of common stock; and
•A quarterly dividend on its outstanding 6.50% Series I Cumulative Redeemable Preferred Stock of $0.40625 per share for the period April 15, 2024 through and including July 14, 2024, which was paid in cash on July 15, 2024 and is the equivalent of an annualized dividend of $1.625 per share.
Conference Call and Audio Webcast
The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, July 18, 2024, at 2:00 pm ET to discuss the financial results.
Supplemental data will be available prior to the quarterly conference call in the Investors section of the SL Green Realty Corp. website at www.slgreen.com under “Financial Reports.”
The live conference call will be webcast in listen-only mode and a replay will be available in the Investors section of the SL Green Realty Corp. website at www.slgreen.com under “Presentations & Webcasts.”
Research analysts who wish to participate in the conference call must first register at https://register.vevent.com/register/BIa4aa7c3f3c3b4914a98f1cb01261b5f1.



Company Profile
SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
To obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at investor.relations@slgreen.com.



Disclaimers
Non-GAAP Financial Measures
During the quarterly conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. A reconciliation of each non-GAAP financial measure and the comparable GAAP financial measure can be found in this release and in the Company’s Supplemental Package.

Forward-looking Statements
This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.



SL GREEN REALTY CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited and in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
Revenues: 2024 2023 2024 2023
Rental revenue, net $ 135,563  $ 165,651  $ 263,766  $ 340,243 
Escalation and reimbursement revenues 15,069  20,294  28,370  40,744 
SUMMIT Operator revenue 32,602  28,180  58,206  47,951 
Investment income 6,191  9,103  13,594  18,160 
Other income 33,395  22,808  46,766  44,702 
Total revenues 222,820  246,036  410,702  491,800 
Expenses:
Operating expenses, including related party expenses of $0 and $0 in 2024 and $0 and $1 in 2023
 46,333  46,957  89,941  99,021 
Real estate taxes 32,058  39,885  63,664  81,268 
Operating lease rent 6,368  6,655  12,773  12,956 
SUMMIT Operator expenses 23,188  22,836  45,046  43,524 
Interest expense, net of interest income 35,803  40,621  66,976  82,274 
Amortization of deferred financing costs 1,677  2,154  3,216  4,175 
SUMMIT Operator tax expense 1,855  1,879  560  3,146 
Depreciation and amortization 52,247  69,335  100,831  148,117 
Loan loss and other investment reserves, net of recoveries —  —  —  6,890 
Transaction related costs 76  33  92  917 
Marketing, general and administrative 20,032  22,974  41,345  46,259 
Total expenses 219,637  253,329  424,444  528,547 
Equity in net income (loss) from unconsolidated joint ventures 4,325  (21,932) 115,485  (29,344)
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (8,129) —  18,635  (79)
Purchase price and other fair value adjustments 1,265  (17,409) (49,227) (17,170)
Loss on sale of real estate, net (2,741) (26,678) (2,741) (28,329)
Depreciable real estate reserves (13,721) (305,916) (65,839) (305,916)
Gain on early extinguishment of debt 17,777  —  17,777  — 
Net (loss) income 1,959  (379,228) 20,348  (417,585)
Net loss attributable to noncontrolling interests:
Noncontrolling interests in the Operating Partnership 153  23,582  (748) 25,919 
Noncontrolling interests in other partnerships 1,871  1,040  3,165  2,665 
Preferred units distributions (2,406) (1,851) (4,309) (3,449)
Net (loss) income attributable to SL Green 1,577  (356,457) 18,456  (392,450)
Perpetual preferred stock dividends (3,737) (3,737) (7,475) (7,475)
Net (loss) income attributable to SL Green common stockholders $ (2,160) $ (360,194) $ 10,981  $ (399,925)
Earnings Per Share (EPS)
Basic (loss) earnings per share $ (0.04) $ (5.63) $ 0.16  $ (6.25)
Diluted (loss) earnings per share $ (0.04) $ (5.63) $ 0.16  $ (6.25)
Funds From Operations (FFO)
Basic FFO per share $ 2.08  $ 1.43  $ 5.19  $ 2.98 
Diluted FFO per share $ 2.05  $ 1.43  $ 5.12  $ 2.96 
Basic ownership interest
Weighted average REIT common shares for net income per share 64,353  64,102  64,340  64,091 
Weighted average partnership units held by noncontrolling interests 4,387  4,239  4,413  4,172 
Basic weighted average shares and units outstanding 68,740  68,341  68,753  68,263 
Diluted ownership interest
Weighted average REIT common share and common share equivalents 65,793  64,694  65,724  64,684 
Weighted average partnership units held by noncontrolling interests 4,387  4,239  4,413  4,172 
Diluted weighted average shares and units outstanding 70,180  68,933  70,137  68,856 



SL GREEN REALTY CORP.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
June 30, December 31,
2024 2023
Assets (Unaudited)
Commercial real estate properties, at cost:
Land and land interests $ 1,134,432  $ 1,092,671 
Building and improvements 3,743,316  3,655,624 
Building leasehold and improvements 1,365,423  1,354,569 
6,243,171  6,102,864 
Less: accumulated depreciation (2,041,102) (1,968,004)
4,202,069  4,134,860 
Assets held for sale 21,615  — 
Cash and cash equivalents 199,501  221,823 
Restricted cash 116,310  113,696 
Investment in marketable securities 16,593  9,591 
Tenant and other receivables 41,202  33,270 
Related party receivables 8,127  12,168 
Deferred rents receivable 266,596  264,653 
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,618 and $1,630 in 2024 and 2023, respectively, and allowances of $13,520 and $13,520 in 2024 and 2023, respectively
 290,487  346,745 
Investments in unconsolidated joint ventures 2,895,399  2,983,313 
Deferred costs, net 107,163  111,463 
Right-of-use assets - operating leases 875,878  885,929 
Other assets 507,712  413,670 
        Total assets $ 9,548,652  $ 9,531,181 
Liabilities
Mortgages and other loans payable $ 1,649,892  $ 1,497,386 
Revolving credit facility 540,000  560,000 
Unsecured term loan 1,250,000  1,250,000 
Unsecured notes 100,000  100,000 
Deferred financing costs, net (14,304) (16,639)
Total debt, net of deferred financing costs 3,525,588  3,390,747 
Accrued interest payable 20,083  17,930 
Accounts payable and accrued expenses 121,050  153,164 
Deferred revenue 153,660  134,053 
Lease liability - financing leases 106,187  105,531 
Lease liability - operating leases 819,439  827,692 
Dividend and distributions payable 20,088  20,280 
Security deposits 58,002  49,906 
Liabilities related to assets held for sale 10,424  — 
Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities 100,000  100,000 
Other liabilities 423,816  471,401 
        Total liabilities 5,358,337  5,270,704 
Commitments and contingencies
Noncontrolling interests in Operating Partnership 265,823  238,051 
Preferred units 166,731  166,501 
Equity
SL Green stockholders' equity:
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2024 and December 31, 2023
 221,932  221,932 
Common stock, $0.01 par value 160,000 shares authorized, 65,874 and 65,786 issued and outstanding (including 1,060 and 1,060 held in Treasury) at June 30, 2024 and December 31, 2023, respectively
 660  660 
Additional paid-in capital 3,836,751  3,826,452 
Treasury stock at cost (128,655) (128,655)
Accumulated other comprehensive income 40,371  17,477 
Retained deficit (279,763) (151,551)
Total SL Green Realty Corp. stockholders’ equity 3,691,296  3,786,315 
Noncontrolling interests in other partnerships 66,465  69,610 
        Total equity 3,757,761  3,855,925 
Total liabilities and equity $ 9,548,652  $ 9,531,181 



SL GREEN REALTY CORP.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(unaudited and in thousands, except per share data)


Three Months Ended Six Months Ended
June 30, June 30,
Funds From Operations (FFO) Reconciliation: 2024 2023 2024 2023
Net (loss) income attributable to SL Green common stockholders $ (2,160) $ (360,194) $ 10,981  $ (399,925)
Add:
Depreciation and amortization 52,247  69,335  100,831  148,117 
Joint venture depreciation and noncontrolling interest adjustments 72,238  65,149  146,496  134,683 
Net loss attributable to noncontrolling interests (2,024) (24,622) (2,417) (28,584)
Less:
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (8,129) —  18,635  (79)
Purchase price and other fair value adjustments (50) (17,013) (55,702) (17,013)
Loss on sale of real estate, net (2,741) (26,678) (2,741) (28,329)
Depreciable real estate reserves (13,721) (305,916) (65,839) (305,916)
Depreciation on non-rental real estate assets 1,000  851  2,153  1,719 
FFO attributable to SL Green common stockholders and unit holders $ 143,942  $ 98,424  $ 359,385  $ 203,909 
































SL GREEN REALTY CORP.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(unaudited and in thousands, except per share data)


Three Months Ended Six Months Ended
June 30, June 30,
Operating income and Same-store NOI Reconciliation: 2024 2023 2024 2023
Net (loss) income $ 1,959  $ (379,228) $ 20,348  $ (417,585)
Depreciable real estate reserves 13,721  305,916  65,839  305,916 
Loss on sale of real estate, net 2,741  26,678  2,741  28,329 
Purchase price and other fair value adjustments (1,265) 17,409  49,227  17,170 
Equity in net loss (gain) on sale of interest in unconsolidated joint venture/real estate 8,129  —  (18,635) 79 
Depreciation and amortization 52,247  69,335  100,831  148,117 
SUMMIT Operator tax expense 1,855  1,879  560  3,146 
Amortization of deferred financing costs 1,677  2,154  3,216  4,175 
Interest expense, net of interest income 35,803  40,621  66,976  82,274 
Operating income 116,867  84,764  291,103  171,621 
Equity in net (income) loss from unconsolidated joint ventures (4,325) 21,932  (115,485) 29,344 
Marketing, general and administrative expense 20,032  22,974  41,345  46,259 
Transaction related costs 76  33  92  917 
Loan loss and other investment reserves, net of recoveries —  —  —  6,890 
SUMMIT Operator expenses 23,188  22,836  45,046  43,524 
Gain on early extinguishment of debt (17,777) —  (17,777) — 
Investment income (6,191) (9,103) (13,594) (18,160)
SUMMIT Operator revenue (32,602) (28,180) (58,206) (47,951)
Non-building revenue (25,714) (21,110) (30,763) (27,916)
Net operating income (NOI) 73,554  94,146  141,761  204,528 
Equity in net income (loss) from unconsolidated joint ventures 4,325  (21,932) 115,485  (29,344)
SLG share of unconsolidated JV depreciation and amortization 70,652  60,781  140,098  125,504 
SLG share of unconsolidated JV amortization of deferred financing costs 2,367  3,141  5,462  6,203 
SLG share of unconsolidated JV interest expense, net of interest income 69,280  62,589  142,083  125,735 
SLG share of unconsolidated JV gain on early extinguishment of debt (30,705) —  (172,369) — 
SLG share of unconsolidated JV investment income (1,720) (317) (1,720) (630)
SLG share of unconsolidated JV non-building revenue (1,623) (2,046) (2,124) (4,343)
NOI including SLG share of unconsolidated JVs 186,130  196,362  368,676  427,653 
NOI from other properties/affiliates (30,401) (28,848) (53,487) (92,960)
Same-Store NOI 155,729  167,514  315,189  334,693 
Straight-line and free rent 1,743  (3,082) (1,162) (8,882)
Amortization of acquired above and below-market leases, net 865  166  914  332 
Operating lease straight-line adjustment 204  204  408  408 
SLG share of unconsolidated JV straight-line and free rent (1,324) (6,448) (3,216) (15,001)
SLG share of unconsolidated JV amortization of acquired above and below-market leases, net (4,409) (4,212) (8,816) (8,436)
SLG share of unconsolidated JV operating lease straight-line adjustment —  —  —  — 
Same-store cash NOI $ 152,808  $ 154,142  $ 303,317  $ 303,114 
Lease termination income (1,069) (123) (2,200) (752)
SLG share of unconsolidated JV lease termination income (57) (355) (3,343) (734)
Same-store cash NOI excluding lease termination income $ 151,682  $ 153,664  $ 297,774  $ 301,628 



SL GREEN REALTY CORP.
NON-GAAP FINANCIAL MEASURES - DISCLOSURES
Funds from Operations (FFO)
FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended in December 2018, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.
The Company presents FFO because it considers it an important supplemental measure of the Company’s operating performance and believes that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, particularly those that own and operate commercial office properties. The Company also uses FFO as one of several criteria to determine performance-based compensation for members of its senior management. FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions, and real estate related impairment charges, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, and interest costs, providing perspective not immediately apparent from net income. FFO does not represent cash generated from operating activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance or to cash flow from operating activities (determined in accordance with GAAP) as a measure of the Company’s liquidity, nor is it indicative of funds available to fund the Company’s cash needs, including the Company's ability to make cash distributions.
Funds Available for Distribution (FAD)
FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and pro-rata adjustments for these items from the Company's unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring capital expenditures.
FAD is not intended to represent cash flow for the period and is not indicative of cash flow provided by operating activities as determined in accordance with GAAP. FAD is presented solely as a supplemental disclosure with respect to liquidity because the Company believes it provides useful information regarding the Company’s ability to fund its dividends. Because all companies do not calculate FAD the same way, the presentation of FAD may not be comparable to similarly titled measures of other companies. FAD does not represent cash flow from operating, investing and finance activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.
Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)
EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.
The Company presents EBITDAre because the Company believes that EBITDAre, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of the Company’s ability to incur and service debt. EBITDAre should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.
Net Operating Income (NOI) and Cash NOI
NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and the amortization of acquired above and below-market leases from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.
The Company presents NOI and Cash NOI because the Company believes that these measures, when taken together with the corresponding GAAP financial measures and reconciliations, provide investors with meaningful information regarding the operating performance of properties. When operating performance is compared across multiple periods, the investor is provided with information not immediately apparent from net income that is determined in accordance with GAAP. NOI and Cash NOI provide information on trends in the revenue generated and expenses incurred in operating the Company's properties, unaffected by the cost of leverage, straight-line adjustments, depreciation, amortization, and other net income components. The Company uses these metrics internally as performance measures. None of these measures is an alternative to net income (determined in accordance with GAAP) and same-store performance should not be considered an alternative to GAAP net income performance.
Coverage Ratios
The Company presents fixed charge and debt service coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and operating lease rent from current cash net operating income. These coverage ratios represent a common measure of the Company’s ability to service fixed cash payments; however, these ratios are not used as an alternative to cash flow from operating, financing and investing activities (determined in accordance with GAAP).
SLG-EARN


EX-99.2 3 a24q2supplemental.htm EX-99.2 Document


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SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development, redevelopment, construction and leasing.
As of June 30, 2024, the Company held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet in Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
•SL Green’s common stock is listed on the New York Stock Exchange and trades under the symbol SLG.
•SL Green's website is www.slgreen.com.
•This data is furnished to supplement audited and unaudited regulatory filings of the Company and should be read in conjunction with those filings. The financial data herein is unaudited and is provided to assist readers of quarterly and annual financial filings and should not be read in replacement of, or superior to, such financial filings. As such, data otherwise contained in future regulatory filings covering the same period may restate the data presented herein.
Questions pertaining to the information contained herein should be referred to Investor Relations at investor.relations@slgreen.com.

















Forward-looking Statements
This supplemental reporting package includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this supplemental reporting package that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this supplemental reporting package are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

The following discussion related to the consolidated financial statements of the Company should be read in conjunction with the financial statements for the quarter ended June 30, 2024 that will be included on Form 10-Q to be filed on or before August 9, 2024.
Supplemental Information
2
Second Quarter 2024
TABLE OF CONTENTS
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Definitions
Highlights -
Comparative Balance Sheets
Comparative Statements of Operations
Comparative Computation of FFO and FAD
Consolidated Statement of Equity
Joint Venture Statements -
Selected Financial Data -
Debt Summary Schedule -
Derivative Summary Schedule
Lease Liability Schedule
Debt and Preferred Equity Investments -
Selected Property Data
Property Portfolio -
Largest Tenants
Tenant Diversification
Leasing Activity -
Lease Expirations -
Summary of Real Estate Acquisition/Disposition Activity -
Non-GAAP Disclosures and Reconciliations
Analyst Coverage
Executive Management
Supplemental Information
3
Second Quarter 2024
DEFINITIONS
                               
                          
                         
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Annualized cash rent - Monthly base rent and escalations per the lease, excluding concessions, deferrals, and abatements as of the last day of the quarter, multiplied by 12.
ASP - Alternative strategy portfolio.
Capitalized Interest - The total of i) interest cost for project specific debt on properties that are under development or redevelopment plus ii) an imputed interest cost for properties that are under development or redevelopment, which is calculated based on the Company’s equity investment in those properties multiplied by the Company’s consolidated weighted average borrowing rate. Capitalized Interest is a component of the carrying value of a development or redevelopment property.
Debt service coverage - Operating Income adding back income taxes, loan loss reserves and the Company's share of joint venture depreciation and amortization, divided by total interest and principal payments.
Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre) - EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.
First generation TIs and LCs - Tenant improvements (TIs), leasing commissions (LCs), and other leasing costs which are generally incurred during the first 4-5 years following acquisition of a property.
Fixed charge - Total payments for interest, loan principal amortization, ground rent and preferred stock dividends.
Fixed charge coverage - Operating Income adding back income taxes, loan loss reserves and the Company's share of joint venture depreciation and amortization, divided by Fixed Charge.
Funds Available for Distribution (FAD) - FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and pro-rata adjustments for these items from the Company's unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring capital expenditures.







Funds from Operations (FFO) - FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended in December 2018, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.
Junior Mortgage Participations - Subordinate interests in first mortgages.
Mezzanine Debt - Loans secured by ownership interests in real estate.
Net Operating Income (NOI) and Cash NOI - NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and the amortization of acquired above and below-market leases from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.
Preferred Equity Investments - Equity investments that are senior to common equity and are entitled to preferential returns.
Recurring capital expenditures - Building improvements and leasing costs required to maintain current revenues. Recurring capital expenditures do not include building improvements that are incurred to bring a property up to “operating standards.”
Redevelopment costs - Non-recurring capital expenditures incurred to improve properties to the Company’s operating standards.
Right of Use Assets / Lease Liabilities - Represents the right to control the use of leased property and the corresponding obligation, both measured at inception as the present value of the lease payments. The asset and related liability are classified as either operating or financing based on the length and cost of the lease and whether the lease contains a purchase option or a transfer of ownership. Operating leases are expensed through operating lease rent while financing leases are expensed through amortization and interest expense.








Supplemental Information
4
Second Quarter 2024
DEFINITIONS
                               
                          
                         
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Same-Store Properties (Same-Store) - Properties owned in the same manner during both the current and prior year, excluding development and redevelopment properties that are not stabilized for both the current and prior year. Changes to Same-Store properties in 2023 are as follows:
Added to Same-Store in 2024: Removed from Same-Store in 2024:
885 Third Avenue 717 Fifth Avenue (disposed)
450 Park Avenue 719 Seventh Avenue (ASP)
Worldwide Plaza (ASP)
115 Spring Street (ASP)
11 West 34th Street (ASP)
650 Fifth Avenue (ASP)
1552-1560 Broadway (ASP)
Second generation TIs and LCs - Tenant improvements, leasing commissions, and other leasing costs that do not meet the definition of first generation TIs and LCs.
SLG Interest - 'SLG Share' or 'Share of JV' is computed by multiplying the referenced line item by the Company's percentage ownership or economic interest in the respective joint ventures and may not accurately depict the legal and/or economic implications of holding a non-controlling interest in the respective joint ventures.
Total square feet owned - The total square footage of properties either owned directly by the Company or in which the Company has a joint venture interest.
Supplemental Information
5
Second Quarter 2024
SECOND QUARTER 2024 HIGHLIGHTS

Unaudited
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NEW YORK, July 17, 2024 - SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported a net loss attributable to common stockholders for the quarter ended June 30, 2024 of $2.2 million and $0.04 per share as compared to a net loss of $360.2 million and $5.63 per share for the same quarter in 2023.
The Company also reported net income attributable to common stockholders for the six months ended June 30, 2024 of $11.0 million and $0.16 per share as compared to a net loss of $399.9 million and $6.25 per share for the same period in 2023.
The Company reported FFO for the quarter ended June 30, 2024 of $143.9 million and $2.05 per share, or $94.1 million and $1.34 per share, excluding $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $98.4 million and $1.43 per share for the same period in 2023, which was net of $0.4 million, or $0.01 per share, of non-cash fair value adjustments for derivatives.
The Company also reported FFO for the six months ended June 30, 2024 of $359.4 million and $5.12 per share, or $162.7 million and $2.32 per share, excluding $190.1 million, or $2.71 per share, of gains on discounted debt extinguishments at 2 Herald Square, 280 Park Avenue, and 719 Seventh Avenue and $6.5 million, or $0.09 per share, of non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $203.9 million and $2.96 per share for the same period in 2023.
All per share amounts are presented on a diluted basis.
Operating and Leasing Activity
Same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, decreased by 0.9% for the second quarter of 2024, or 1.3% excluding lease termination income, as compared to the same period in 2023.
Same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, increased by 0.1% for the six months ended June 30, 2024, and decreased 1.3% excluding lease termination income, as compared to the same period in 2023.
During the second quarter of 2024, the Company signed 38 office leases in its Manhattan office portfolio totaling 420,513 square feet. The average rent on the Manhattan office leases signed in the second quarter of 2024, excluding leases signed at One Vanderbilt and One Madison, was $100.66 per rentable square foot with an average lease term of 8.8 years and average tenant concessions of 7.0 months of free rent with a tenant improvement allowance of $77.26 per rentable square foot. Twenty-one leases comprising 266,133 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $112.76 per rentable square foot, representing a 15.5% increase over the previous fully escalated rents on the same office spaces.
During the six months ended June 30, 2024, the Company signed 98 office leases in its Manhattan office portfolio totaling 1,054,173 square feet. The average rent on the Manhattan office leases signed in 2024, excluding leases signed at One Vanderbilt and One Madison, was $85.54 per rentable square foot with an average lease term of 7.5 years and average tenant concessions of 6.9 months of free rent with a tenant improvement allowance of $63.46 per rentable square foot. Fifty-three leases comprising 560,716 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $94.45 per rentable square foot, representing a 5.4% increase over the previous fully escalated rents on the same office spaces.
Occupancy in the Company's Manhattan same-store office portfolio increased to 89.6% as of June 30, 2024, inclusive of 436,291 square feet of leases signed but not yet commenced, as compared to 89.2% at the end of the previous quarter. The Company expects to increase Manhattan same-store office occupancy, inclusive of leases signed but not yet commenced, to more than 91.5% by December 31, 2024.
Significant leasing activity in the second quarter and to date in July includes:
•Renewal and expansion with Ares Management for 307,336 square feet at 245 Park Avenue;
•New lease with Elliot Management Corporation for 149,437 square feet at 280 Park Avenue;
•New lease with Tradeweb Markets LLC for 75,825 square feet at 245 Park Avenue;
Supplemental Information
6
Second Quarter 2024
SECOND QUARTER 2024 HIGHLIGHTS

Unaudited
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•Three new leases for a total of 37,856 square feet at 220 East 42nd Street;
•Early renewal with Brightwood Capital Advisors for 17,320 square feet at 810 Seventh Avenue;
•New lease with Bluerock Real Estate LLC for 14,085 square feet at 919 Third Avenue; and
•New lease with Willow Tree Capital Partners for 10,820 square feet at 450 Park Avenue.
Investment Activity
Contracted for sale of 100% of the Giorgio Armani Residences at 760 Madison Avenue for gross consideration totaling $168.2 million. All sales are expected to close in the fourth quarter of 2024.
In July, the Company closed on the previously announced sale of the Palisades Premier Conference Center for $26.3 million plus certain fees payable to the Company. The Company took control of the property in July 2023 in partial satisfaction of a legal judgement. The transaction generated net proceeds to the Company of $19.8 million.
In June, the Company closed on the previously announced sale of 719 Seventh Avenue in Times Square for $30.5 million plus certain fees payable to the Company. The transaction generated net proceeds to the Company of $3.6 million after repayment of the mortgage loan. In connection with the closing of the sale, the Company repaid the existing $50.0 million mortgage for $32.0 million.
In May, together with our joint venture partner, the Company closed on the previously announced sale of the fee ownership interest in 625 Madison Avenue for a gross sales price of $634.6 million plus certain fees payable to the Company. In connection with the sale, the Company, together with its joint venture partner, originated a $235.5 million preferred equity investment in the property. The transaction generated net proceeds to the Company of $199.3 million.
Debt and Preferred Equity Investment Activity
The carrying value of the Company’s debt and preferred equity portfolio was $495.7 million at June 30, 2024, including $205.2 million representing the Company's share of the preferred equity investment in 625 Madison Avenue
that was originated in the second quarter and is accounted for as an unconsolidated joint venture. The portfolio had a weighted average current yield of 7.5%, or 8.8% as of June 30, 2024, excluding the effect of a $50.0 million investment that is on non-accrual. During the second quarter, no investments were sold or repaid, and the Company did not acquire any new investments.
Financing Activity
In April, together with our joint venture partner, closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue. The modification extended the maturity date to September 2026, with the partnership's option to extend to a fully extended maturity date of September 2028. The interest rate was maintained at 1.78% over Term SOFR, which the partnership subsequently fixed at 5.84% through the fully extended maturity date.
The partnership separately modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.

Supplemental Information
7
Second Quarter 2024
SECOND QUARTER 2024 HIGHLIGHTS

Unaudited
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Special Servicing and Asset Management Activity
The Company continues to grow its special servicing and asset management business, with $3.0 billion of active assignments. In addition, we have been designated as special servicer of $6.4 billion of assets that are not currently in special servicing. Since inception, the Company's cumulative special servicing and asset management appointments total $17.4 billion.
Earnings Guidance
The Company is increasing its 2024 earnings guidance range for the year ending December 31, 2024 to FFO per share of $7.45 to $7.75, to reflect the outperformance of the real estate portfolio and SUMMIT One Vanderbilt as well as incremental fee generation, while maintaining its 2024 net income guidance range of $2.73 to $3.03.
Dividends
In the second quarter of 2024, the Company declared:
•Three monthly ordinary dividends on its outstanding common stock of $0.25 per share, which were paid in cash on May 15, June 17, and July 15, 2024, equating to an annualized dividend of $3.00 per share of common stock; and
•A quarterly dividend on its outstanding 6.50% Series I Cumulative Redeemable Preferred Stock of $0.40625 per share for the period April 15, 2024 through and including July 14, 2024, which was paid in cash on July 15, 2024 and is the equivalent of an annualized dividend of $1.625 per share.
Conference Call and Audio Webcast
The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, July 18, 2024, at 2:00 pm ET to discuss the financial results.
Supplemental data will be available prior to the quarterly conference call in the Investors section of the SL Green Realty Corp. website at www.slgreen.com under “Financial Reports.”
The live conference call will be webcast in listen-only mode and a replay will be available in the Investors section of the SL Green Realty Corp. website at www.slgreen.com under “Presentations & Webcasts.”
Research analysts who wish to participate in the conference call must first register at https://register.vevent.com/register/BIa4aa7c3f3c3b4914a98f1cb01261b5f1.

Supplemental Information
8
Second Quarter 2024
KEY FINANCIAL DATA

Unaudited
(Dollars in Thousands Except Per Share)
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As of or for the three months ended
6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Earnings Per Share
Net (loss) income available to common stockholders (EPS) - diluted $ (0.04) $ 0.20  $ (2.45) $ (0.38) $ (5.63)
Funds from operations (FFO) available to common stockholders - diluted $ 2.05  $ 3.07  $ 0.72  $ 1.27  $ 1.43 
Common Share Price & Dividends
Closing price at the end of the period $ 56.64  $ 55.13  $ 45.17  $ 37.30  $ 30.05 
Closing high price during period $ 57.38  $ 55.13  $ 48.00  $ 41.47  $ 30.72 
Closing low price during period $ 48.32  $ 42.45  $ 29.25  $ 29.79  $ 20.60 
Annual dividend per common share $ 3.00  $ 3.00  $ 3.00  $ 3.25  $ 3.25 
FFO dividend payout ratio (trailing 12 months) 43.7% 48.8% 65.2% 57.1% 55.5%
Funds available for distribution (FAD) dividend payout ratio (trailing 12 months) 54.2% 63.8% 97.3% 89.4% 90.4%
Common Shares & Units
Common shares outstanding 64,814  64,806  64,726  64,398  64,387 
Units outstanding 4,299  4,417  3,949  4,139  4,238 
Total common shares and units outstanding 69,113  69,223  68,675  68,537  68,625 
Weighted average common shares and units outstanding - basic 68,740  68,767  68,014  68,296  68,341 
Weighted average common shares and units outstanding - diluted 70,180  70,095  69,300  69,105  68,933 
Market Capitalization
Market value of common equity $ 3,914,560  $ 3,816,264  $ 3,102,050  $ 2,556,430  $ 2,062,181 
Liquidation value of preferred equity/units 396,730  396,500  396,500  396,500  396,500 
Consolidated debt 3,639,892  3,801,378  3,507,386  3,368,872  3,825,313 
Consolidated market capitalization $ 7,951,182  $ 8,014,142  $ 7,005,936  $ 6,321,802  $ 6,283,994 
SLG share of unconsolidated JV debt 6,866,190  7,087,348  7,352,275  7,345,740  7,113,281 
Market capitalization including SLG share of unconsolidated JVs $ 14,817,372  $ 15,101,490  $ 14,358,211  $ 13,667,542  $ 13,397,275 
Consolidated debt service coverage (trailing 12 months) 3.26x 2.82x 2.27x 2.31x 2.50x
Consolidated fixed charge coverage (trailing 12 months) 2.63x 2.32x 1.88x 1.94x 2.09x
Debt service coverage, including SLG share of unconsolidated JVs (trailing 12 months) 1.69x 1.59x 1.41x 1.49x 1.61x
Fixed charge coverage, including SLG share of unconsolidated JVs (trailing 12 months) 1.54x 1.44x 1.28x 1.35x 1.44x








Supplemental Information
9
Second Quarter 2024
KEY FINANCIAL DATA

Unaudited
(Dollars in Thousands Except Per Share)
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As of or for the three months ended
6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Selected Balance Sheet Data
Real estate assets before depreciation $ 6,264,757 
(1)
 $ 6,260,955 
(1)
 $ 6,102,864  $ 6,039,003  $ 5,963,895 
Investments in unconsolidated joint ventures $ 2,895,399  $ 2,984,786  $ 2,983,313  $ 3,152,752  $ 3,228,663 
Debt and preferred equity investments $ 290,487  $ 352,347  $ 346,745  $ 334,327  $ 636,476 
Cash and cash equivalents $ 199,501  $ 196,035  $ 221,823  $ 189,750  $ 191,979 
Investment in marketable securities $ 16,593  $ 10,673  $ 9,591  $ 9,616  $ 9,797 
Total assets $ 9,548,652  $ 9,764,292  $ 9,531,181  $ 9,690,582  $ 10,041,288 
Consolidated fixed rate & hedged debt $ 3,039,399  $ 3,040,885  $ 3,237,386  $ 3,248,724  $ 3,250,165 
Consolidated variable rate debt 540,000  650,000  160,000  10,148  465,148 
Consolidated ASP debt 60,493  110,493  110,000  110,000  110,000 
Total consolidated debt $ 3,639,892  $ 3,801,378  $ 3,507,386  $ 3,368,872  $ 3,825,313 
Deferred financing costs, net of amortization (14,304) (15,875) (16,639) (18,340) (20,394)
Total consolidated debt, net $ 3,625,588  $ 3,785,503  $ 3,490,747  $ 3,350,532  $ 3,804,919 
Total liabilities $ 5,358,337  $ 5,521,908  $ 5,270,704  $ 5,168,616  $ 5,460,520 
Fixed rate & hedged debt, including SLG share of unconsolidated JV debt $ 8,720,916  $ 8,418,284  $ 8,703,587  $ 8,719,794  $ 9,108,034 
Variable rate debt, including SLG share of unconsolidated JV debt (2)
 785,013  1,429,640  964,467  818,474  670,731 
ASP debt, including SLG share of unconsolidated ASP JV debt 1,000,153  1,040,802  1,191,607  1,176,344  1,159,829 
Total debt, including SLG share of unconsolidated JV debt $ 10,506,082  $ 10,888,726  $ 10,859,661  $ 10,714,612  $ 10,938,594 
Selected Operating Data
Property operating revenues $ 150,632  $ 141,504  $ 151,357  $ 150,991  $ 185,945 
Property operating expenses (84,759) (81,619) (86,467) (88,033) (93,497)
Property NOI $ 65,873  $ 59,885  $ 64,890  $ 62,958  $ 92,448 
SLG share of unconsolidated JV Property NOI 117,506  116,741  119,506  126,661  106,566 
Property NOI, including SLG share of unconsolidated JV Property NOI $ 183,379  $ 176,626  $ 184,396  $ 189,619  $ 199,014 
SUMMIT Operator revenue 32,602  25,604  35,240  35,069  28,180 
Investment income, including SLG share of unconsolidated JV 7,911  7,403  7,176  10,010  9,420 
Other income, including SLG share of unconsolidated JV 35,077  17,162  17,983  25,746  27,994 
Gain (loss) on early extinguishment of debt, including SLG share of unconsolidated JV 48,482  141,664  (870) —  — 
SUMMIT Operator expenses (23,188) (21,858) (24,887) (32,801) (22,836)
Loan loss and other investment reserves, net of recoveries —  —  —  —  — 
Transaction costs, including SLG share of unconsolidated JVs (76) (16) (16) (166) (33)
Marketing general & administrative expenses (20,032) (21,313) (42,257) (22,873) (22,974)
Income taxes 1,230  606  737  (544) 802 
EBITDAre $ 265,385  $ 325,878  $ 177,502  $ 204,060  $ 219,567 
(1) Includes $21.6 million attributable to Palisades Premier Conference Center, which was held for sale as of June 30, 2024 and was sold on July 9, 2024.
(2) Does not reflect floating rate debt and preferred equity investments that provide a hedge against floating rate debt.
Supplemental Information
10
Second Quarter 2024
KEY FINANCIAL DATA
Manhattan Properties (1)
Unaudited
(Dollars in Thousands Except Per Share)
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As of or for the three months ended
6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Selected Operating Data
Property operating revenues $ 145,369  $ 136,869  $ 145,542  $ 145,547  $ 181,045 
Property operating expenses 73,436  70,223  73,799  78,271  83,135 
Property NOI $ 71,933  $ 66,646  $ 71,743  $ 67,276  $ 97,910 
Other income - consolidated $ 2,270  $ 2,136  $ 2,190  $ 3,285  $ 1,157 
SLG share of property NOI from unconsolidated JVs $ 117,384  $ 116,617  $ 120,572  $ 126,531  $ 106,445 
Office Portfolio Statistics (Manhattan Operating Properties)
Consolidated office buildings in service 14  14  13  13  13 
Unconsolidated office buildings in service 10  10  12  12  12 
24  24  25  25  25 
Consolidated office buildings in service - square footage 8,753,441  8,753,441 8,399,141 8,399,141 8,399,141
Unconsolidated office buildings in service - square footage 13,009,149  13,009,149 15,412,174 15,412,174 15,412,174
21,762,590  21,762,590  23,811,315  23,811,315  23,811,315 
Same-Store office occupancy inclusive of leases signed not yet commenced 89.6% 89.2% 89.8% 89.9% 89.8%
Office Leasing Statistics (Manhattan Operating Properties)
New leases commenced 30  31  20  21  21 
Renewal leases commenced 12  19  6  22  11 
Total office leases commenced 42  50  26  43  32 
Commenced office square footage filling vacancy 195,953  109,576  37,718  80,485  44,346 
Commenced office square footage on previously occupied space (M-T-M leasing) (2)
 211,251 280,879 235,703 218,964 369,906
Total office square footage commenced 407,204  390,455  273,421  299,449  414,252 
Average starting cash rent psf - office leases commenced $ 96.79  $ 75.11  $ 107.62  $ 82.96  $ 78.88 
Previous escalated cash rent psf - office leases commenced (3)
 $ 100.86  $ 76.02  $ 102.55  $ 86.10  $ 78.00 
(Decrease) increase in new cash rent over previously escalated cash rent (2) (3)
 (4.0)% (1.2)% 4.9% (3.6)% 1.1%
Average lease term 11.9 7.0 11.5 4.9 5.6
Tenant concession packages psf $ 105.17  $ 52.48  $ 102.43  $ 33.25  $ 49.43 
Free rent months 10.0 7.3 10.3 5.0 7.2
(1) Property data for operating buildings only.
(2) Calculated on space that was occupied within the previous 12 months.
(3) Previously escalated cash rent includes base rent plus all additional amounts paid by the previous tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.
Supplemental Information
11
Second Quarter 2024
COMPARATIVE BALANCE SHEETS

Unaudited
(Dollars in Thousands)
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As of
6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets
Commercial real estate properties, at cost:
Land and land interests $ 1,134,432  $ 1,150,681  $ 1,092,671  $ 1,090,370  $ 1,071,469 
Building and improvements 3,743,316  3,729,884  3,655,624  3,605,247  3,494,853 
Building leasehold and improvements 1,365,423  1,358,851  1,354,569  1,343,386  1,397,573 
6,243,171  6,239,416  6,102,864  6,039,003  5,963,895 
Less: accumulated depreciation (2,041,102) (2,005,893) (1,968,004) (1,935,594) (1,892,607)
Net real estate 4,202,069  4,233,523  4,134,860  4,103,409  4,071,288 
Other real estate investments:
Debt and preferred equity investments, net (1)
 290,487 

352,347  346,745  334,327  636,476 
Investment in unconsolidated joint ventures 2,895,399  2,984,786  2,983,313  3,152,752  3,228,663 
Assets held for sale, net 21,615 
(2)
 21,586 
(2)
 —  —  — 
Cash and cash equivalents 199,501  196,035  221,823  189,750  191,979 
Restricted cash 116,310  122,461  113,696  119,573  119,080 
Investment in marketable securities 16,593  10,673  9,591  9,616  9,797 
Tenant and other receivables 41,202  38,659  33,270  37,295  36,657 
Related party receivables 8,127  12,229  12,168  9,723  28,955 
Deferred rents receivable 266,596  267,969  264,653  262,808  260,625 
Deferred costs, net 107,163  109,296  111,463  108,370  112,347 
Right-of-use assets - operating leases 875,878  880,926  885,929  890,888  895,815 
Other assets 507,712  533,802  413,670  472,071  449,606 
 Total Assets $ 9,548,652  $ 9,764,292  $ 9,531,181  $ 9,690,582  $ 10,041,288 
(1) This balance excludes a $205.2 million preferred equity investment included in the Investment in unconsolidated joint ventures line item.
(2) Includes Palisades Premier Conference Center, which was sold on July 9, 2024.
Supplemental Information
12
Second Quarter 2024
COMPARATIVE BALANCE SHEETS

Unaudited
(Dollars in Thousands)
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As of
6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Liabilities
Mortgages and other loans payable $ 1,649,892  $ 1,701,378  $ 1,497,386  $ 1,518,872  $ 1,520,313 
Unsecured term loans 1,250,000  1,250,000  1,250,000  1,250,000  1,675,000 
Unsecured notes 100,000  100,000  100,000  100,000  100,000 
Revolving credit facility 540,000  650,000  560,000  400,000  430,000 
Deferred financing costs (14,304) (15,875) (16,639) (18,340) (20,394)
Total debt, net of deferred financing costs 3,525,588  3,685,503  3,390,747  3,250,532  3,704,919 
Accrued interest payable 20,083  23,217  17,930  17,934  15,711 
Accounts payable and accrued expenses 121,050  101,495  153,164  146,332  116,700 
Deferred revenue 153,660  157,756  134,053  136,063  125,589 
Lease liability - financing leases 106,187  105,859  105,531  105,198  104,870 
Lease liability - operating leases 819,439  823,594  827,692  887,412  890,305 
Dividends and distributions payable 20,088  20,135  20,280  21,725  21,750 
Security deposits 58,002  56,398  49,906  50,071  49,877 
Liabilities related to assets held for sale 10,424 
(1)
 10,649 
(1)
 —  —  — 
Junior subordinated deferrable interest debentures 100,000  100,000  100,000  100,000  100,000 
Other liabilities 423,816  437,302  471,401  453,349  330,799 
Total Liabilities 5,358,337  5,521,908  5,270,704  5,168,616  5,460,520 
Noncontrolling interests in Operating Partnership
     (4,299 units outstanding at 6/30/2024)
 265,823  272,235  238,051  248,222  254,434 
Preferred units 166,731  166,501  166,501  166,501  166,501 
Equity
SL Green stockholders' equity:
Series I Preferred Stock 221,932  221,932  221,932  221,932  221,932 
Common stock, $0.01 par value, 160,000 shares authorized, 65,874
issued and outstanding at 6/30/2024, including 1,060 shares held in treasury
 660  660  660  656  656 
Additional paid–in capital 3,836,751  3,831,130  3,826,452  3,813,758  3,805,704 
Treasury stock at cost (128,655) (128,655) (128,655) (128,655) (128,655)
Accumulated other comprehensive income 40,371  40,151  17,477  69,616  57,769 
Retained (deficit) earnings (279,763) (229,607) (151,551) 62,406  135,518 
Total SL Green Realty Corp. stockholders' equity 3,691,296  3,735,611  3,786,315  4,039,713  4,092,924 
Noncontrolling interests in other partnerships 66,465  68,037  69,610  67,530  66,909 
Total Equity 3,757,761  3,803,648  3,855,925  4,107,243  4,159,833 
 Total Liabilities and Equity $ 9,548,652  $ 9,764,292  $ 9,531,181  $ 9,690,582  $ 10,041,288 
(1) Includes Palisades Premier Conference Center, which was sold on July 9, 2024.
Supplemental Information
13
Second Quarter 2024
COMPARATIVE STATEMENT OF OPERATIONS

Unaudited
(Dollars in Thousands Except Per Share)
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Three Months Ended Six Months Ended
June 30, June 30, March 31, June 30, June 30,
2024 2023 2024 2024 2023
Revenues
Rental revenue, net $ 135,563  $ 165,651  $ 128,203  $ 263,766  $ 340,243 
Escalation and reimbursement revenues 15,069  20,294  13,301  28,370  40,744 
SUMMIT Operator revenue 32,602  28,180  25,604  58,206  47,951 
Investment income 6,191  9,103  7,403  13,594  18,160 
Other income 33,395  22,808  13,371  46,766  44,702 
Total Revenues 222,820  246,036  187,882  410,702  491,800 
Gain on early extinguishment of debt 17,777  —  —  17,777  — 
Expenses
Operating expenses 46,333  46,957  43,608  89,941  99,021 
Real estate taxes 32,058  39,885  31,606  63,664  81,268 
Operating lease rent 6,368  6,655  6,405  12,773  12,956 
SUMMIT Operator expenses 23,188  22,836  21,858  45,046  43,524 
Loan loss and other investment reserves, net of recoveries —  —  —  —  6,890 
Transaction related costs 76  33  16  92  917 
Marketing, general and administrative 20,032  22,974  21,313  41,345  46,259 
Total Operating Expenses 128,055  139,340  124,806  252,861  290,835 
Equity in net income (loss) from unconsolidated joint ventures 4,325  (21,932) 111,160  115,485  (29,344)
Operating Income 116,867  84,764  174,236  291,103  171,621 
Interest expense, net of interest income 35,803  40,621  31,173  66,976  82,274 
Amortization of deferred financing costs 1,677  2,154  1,539  3,216  4,175 
SUMMIT Operator tax expense 1,855  1,879  (1,295) 560  3,146 
Depreciation and amortization 52,247  69,335  48,584  100,831  148,117 
Income (Loss) from Continuing Operations (1)
 25,285  (29,225) 94,235  119,520  (66,091)
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (8,129) —  26,764  18,635  (79)
Purchase price and other fair value adjustments 1,265  (17,409) (50,492) (49,227) (17,170)
Loss on sale of real estate, net (2,741) (26,678) —  (2,741) (28,329)
Depreciable real estate reserves (13,721) (305,916) (52,118) (65,839) (305,916)
Net Income (Loss) 1,959  (379,228) 18,389  20,348  (417,585)
Net loss attributable to noncontrolling interests 2,024  24,622  393  2,417  28,584 
Preferred units distributions (2,406) (1,851) (1,903) (4,309) (3,449)
Net Income (Loss) attributable to SL Green 1,577  (356,457) 16,879  18,456  (392,450)
Perpetual preferred stock dividends (3,737) (3,737) (3,738) (7,475) (7,475)
Net (Loss) Income attributable to SL Green common stockholders $ (2,160) $ (360,194) $ 13,141  $ 10,981  $ (399,925)
Basic (loss) earnings per share $ (0.04) $ (5.63) $ 0.20  $ 0.16  $ (6.25)
Diluted (loss) earnings per share $ (0.04) $ (5.63) $ 0.20  $ 0.16  $ (6.25)
(1) Before equity in net (loss) gain, purchase price and other fair value adjustments, loss on sale and depreciable real estate reserves shown below.
Supplemental Information
14
Second Quarter 2024
COMPARATIVE COMPUTATION OF FFO AND FAD

Unaudited
(Dollars in Thousands Except Per Share)
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Three Months Ended Six Months Ended
June 30, June 30, March 31, June 30, June 30,
2024 2023 2024 2024 2023
Funds from Operations
Net (Loss) Income attributable to SL Green common stockholders $ (2,160) $ (360,194) $ 13,141  $ 10,981  $ (399,925)
Depreciation and amortization 52,247  69,335  48,584  100,831  148,117 
Joint ventures depreciation and noncontrolling interests adjustments 72,238  65,149  74,258  146,496  134,683 
Net loss attributable to noncontrolling interests (2,024) (24,622) (393) (2,417) (28,584)
Equity in net loss (gain) on sale of interest in unconsolidated joint venture/real estate 8,129  —  (26,764) (18,635) 79 
Purchase price and other fair value adjustments 50  17,013  55,652  55,702  17,013 
Loss on sale of real estate, net 2,741  26,678  —  2,741  28,329 
Depreciable real estate reserves 13,721  305,916  52,118  65,839  305,916 
Depreciation on non-rental real estate assets (1,000) (851) (1,153) (2,153) (1,719)
Funds From Operations $ 143,942  $ 98,424  $ 215,443  $ 359,385  $ 203,909 
Funds From Operations - Basic per Share $ 2.08  $ 1.43  $ 3.11  $ 5.19  $ 2.98 
Funds From Operations - Diluted per Share $ 2.05  $ 1.43  $ 3.07  $ 5.12  $ 2.96 
Funds Available for Distribution
FFO $ 143,942  $ 98,424  $ 215,443  $ 359,385  $ 203,909 
Non real estate depreciation and amortization 1,000  851  1,153  2,153  1,719 
Amortization of deferred financing costs 1,677  2,154  1,539  3,216  4,175 
Non-cash deferred compensation 9,454  12,236  10,780  20,234  26,183 
FAD adjustment for joint ventures (15,166) (21,813) (11,381) (26,547) (42,651)
Straight-line rental income and other non-cash adjustments 2,503  (11,371) (3,067) (564) (26,697)
Non-cash fair value adjustments on mark-to-market derivatives (1,315) 396  (5,160) (6,475) 157 
Second cycle tenant improvements (19,305) (15,259) (13,479) (32,784) (20,900)
Second cycle leasing commissions (3,791) (1,240) (3,487) (7,278) (4,809)
Revenue enhancing recurring CAPEX (33) (135) (19) (52) (238)
Non-revenue enhancing recurring CAPEX (4,737) (4,280) (2,375) (7,112) (7,324)
Reported Funds Available for Distribution $ 114,229  $ 59,963  $ 189,947  $ 304,176  $ 133,524 
First cycle tenant improvements $ 1,128  $ 543  $ 461  $ 1,589  $ 565 
First cycle leasing commissions $ 40  $ 5  $ —  $ 40  $ 108 
Development costs $ 13,422  $ 11,341  $ 15,697  $ 29,119  $ 19,149 
Redevelopment costs $ 2,870  $ 3,451  $ 1,654  $ 4,524  $ 8,144 
Capitalized interest $ 13,784  $ 26,969  $ 17,949  $ 31,733  $ 52,433 
Supplemental Information
15
Second Quarter 2024
CONSOLIDATED STATEMENT OF EQUITY

Unaudited
(Dollars in Thousands)
slglogo.jpg

Accumulated
Series I Other
Preferred Common Additional Treasury Retained Noncontrolling Comprehensive
Stock Stock Paid-In Capital Stock Deficit Interests Income Total
Balance at December 31, 2023 $ 221,932  $ 660  $ 3,826,452  $ (128,655) $ (151,551) $ 69,610  $ 17,477  $ 3,855,925 
Net income 18,456  (3,165) 15,291 
Acquisition of subsidiary interest from noncontrolling interest (5,674) (5,674)
Other comprehensive income - net unrealized loss on derivative instruments 21,311  21,311 
Other comprehensive income - SLG share of unconsolidated joint venture net unrealized loss on derivative instruments 268  268 
Other comprehensive income - net unrealized loss on marketable securities 1,315  1,315 
Perpetual preferred stock dividends (7,475) (7,475)
DRSPP proceeds 120  120 
Reallocation of noncontrolling interest in the Operating Partnership (42,477) (42,477)
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings 10,179  10,179 
Consolidation of partially owned entity 6,678  6,678 
Cash distributions to noncontrolling interests (2,807) (2,807)
Cash distributions declared ($1.5000 per common share, none of which represented a return of capital for federal income tax purposes)
 (96,716) (96,716)
Balance at June 30, 2024 $ 221,932  $ 660  $ 3,836,751  $ (128,655) $ (279,763) $ 66,465  $ 40,371  $ 3,757,761 
RECONCILIATION OF SHARES AND UNITS OUTSTANDING, AND DILUTION COMPUTATION
Common Stock OP Units Stock-Based Compensation Diluted Shares
Share Count at December 31, 2023 64,726,253  3,949,448  —  68,675,701 
YTD share activity 87,782  349,389  —  437,171 
Share Count at June 30, 2024 64,814,035  4,298,837  —  69,112,872 
Weighting factor (19,469) 114,524  929,141  1,024,196 
Weighted Average Share Count at June 30, 2024 - Diluted 64,794,566  4,413,361  929,141  70,137,068 
Supplemental Information
16
Second Quarter 2024
JOINT VENTURE STATEMENTS
Balance Sheet for Unconsolidated Joint Ventures
Unaudited
(Dollars in Thousands)
slglogo.jpg

As of
June 30, 2024 March 31, 2024 December 31, 2023
Total SLG Share Total SLG Share Total SLG Share
Assets
Commercial real estate properties, at cost:
Land and land interests $ 4,222,970  $ 2,110,135  $ 4,852,319  $ 2,679,256  $ 4,991,534  $ 2,732,409 
Building and improvements 14,103,745  7,082,454  13,994,777  7,049,600  14,428,029  7,194,972 
Building leasehold and improvements 1,008,186  408,457  995,651  402,349  984,811  346,818 
  19,334,901  9,601,046  19,842,747  10,131,205  20,404,374  10,274,199 
Less: accumulated depreciation (2,820,658) (1,430,518) (2,718,615) (1,376,515) (2,842,968) (1,384,319)
Net real estate 16,514,243  8,170,528  17,124,132  8,754,690  17,561,406  8,889,880 
Other real estate investments:
Debt and preferred equity investments, net 225,743  205,268  —  —  —  — 
Cash and cash equivalents 311,324  155,441  258,238  124,307  334,197  161,856 
Restricted cash 361,579  201,126  350,224  199,439  321,841  188,373 
Tenant and other receivables 22,346  15,333  46,850  29,773  38,539  20,865 
Deferred rents receivable 597,063  344,123  587,963  339,523  634,993  351,054 
Deferred costs, net 330,642  179,972  335,443  182,608  339,085  179,850 
Right-of-use assets - financing leases 732,548  516,603  683,194  500,415  685,133  317,300 
Right-of-use assets - operating leases 198,611  96,176  217,316  102,958  220,801  104,552 
Other assets 2,145,709  897,768  2,203,435  927,298  2,245,680  935,322 
Total Assets $ 21,439,808  $ 10,782,338  $ 21,806,795  $ 11,161,011  $ 22,381,675  $ 11,149,052 
Liabilities and Equity
Mortgage and other loans payable, net of deferred financing costs of
$89,982 at 6/30/2024, of which $49,691 is SLG share
 $ 13,593,682  $ 6,816,499  $ 13,824,249  $ 7,036,750  $ 14,799,277  $ 7,297,410 
Accrued interest payable 64,401  28,380  54,743  25,388  55,103  23,408 
Accounts payable and accrued expenses 241,413  121,004  256,658  119,696  270,788  112,455 
Deferred revenue 1,022,793  462,077  1,070,740  487,183  1,108,180  498,387 
Lease liability - financing leases 790,442  549,067  745,257  534,330  745,473  346,350 
Lease liability - operating leases 223,978  110,396  242,042  116,937  244,803  118,248 
Security deposits 46,383  21,702  40,764  20,292  43,503  22,510 
Other liabilities 78,344  51,570  78,368  48,736  78,311  49,330 
Equity 5,378,372  2,621,643  5,493,974  2,771,699  5,036,237  2,680,954 
Total Liabilities and Equity $ 21,439,808  $ 10,782,338  $ 21,806,795  $ 11,161,011  $ 22,381,675  $ 11,149,052 
Supplemental Information
17
Second Quarter 2024
JOINT VENTURE STATEMENTS
Statement of Operations for Unconsolidated Joint Ventures
Unaudited
(Dollars in Thousands)
slglogo.jpg
Three Months Ended
June 30, 2024 June 30, 2023 March 31, 2024
Total SLG Share Total SLG Share Total SLG Share
Revenues
Rental revenue, net $ 302,425  $ 155,563  $ 284,782  $ 147,455  $ 300,675  $ 159,279 
Escalation and reimbursement revenues 57,800  32,404  48,091  26,124  58,872  33,076 
Investment income 1,904  1,720  1,249  317  20  — 
Other income 2,878  1,682  10,167  5,186  5,772  3,791 
Total Revenues 365,007  191,369  344,289  179,082  365,339  196,146 
Gain on early extinguishment of debt 61,185  30,705  —  —  172,519  141,664 
Expenses
Operating expenses 59,733  30,820  58,776  30,331  65,750  34,701 
Real estate taxes 73,479  37,707  66,124  33,318  75,632  38,785 
Operating lease rent 8,478  1,934  7,258  3,364  9,025  2,128 
Total Operating Expenses 141,690  70,461  132,158  67,013  150,407  75,614 
Operating Income 284,502  151,613  212,131  112,069  387,451  262,196 
Interest expense, net of interest income 142,196  69,280  129,154  62,589  149,854  72,803 
Amortization of deferred financing costs 4,159  2,367  7,198  3,141  6,072  3,095 
Depreciation and amortization 135,611  70,652  117,402  60,781  134,178  69,446 
Net Income (Loss) 2,536  9,314  (41,623) (14,442) 97,347  116,852 
Real estate depreciation 135,608  70,650  117,395  60,776  134,172  69,442 
FFO Contribution $ 138,144  $ 79,964  $ 75,772  $ 46,334  $ 231,519  $ 186,294 
FAD Adjustments:
Non real estate depreciation and amortization $ 3  $ 2  $ 7  $ 5  $ 6  $ 4 
Amortization of deferred financing costs 4,159  2,367  7,198  3,141  6,072  3,095 
Straight-line rental income and other non-cash adjustments (18,770) (10,423) (17,828) (11,356) (9,519) (10,841)
Second cycle tenant improvements (6,764) (3,625) (18,695) (9,550) (4,909) (2,640)
Second cycle leasing commissions (4,926) (2,583) (4,436) (2,253) (1,411) (830)
Revenue enhancing recurring CAPEX (55) (28) (556) (284) (41) (22)
Non-revenue enhancing recurring CAPEX (1,617) (876) (2,928) (1,516) (357) (147)
Total FAD Adjustments $ (27,970) $ (15,166) $ (37,238) $ (21,813) $ (10,159) $ (11,381)
First cycle tenant improvements $ 4,423  $ 1,260  $ 622  $ 159  $ 3,081  $ 1,027 
First cycle leasing commissions $ 49  $ 24  $ 182  $ 46  $ 1,735  $ 489 
Development costs $ 36,437  $ 12,743  $ 74,164  $ 20,218  $ 51,737  $ 14,174 
Redevelopment costs $ 12,815  $ 4,270  $ 25,462  $ 9,403  $ 11,489  $ 3,848 
Capitalized interest $ 40,628  $ 15,009  $ 32,867  $ 10,629  $ 34,889  $ 13,256 
Supplemental Information
18
Second Quarter 2024
JOINT VENTURE STATEMENTS
Statement of Operations for Unconsolidated Joint Ventures
Unaudited
(Dollars in Thousands)
slglogo.jpg
Six Months Ended
June 30, 2024 June 30, 2023
Total SLG Share Total SLG Share
Revenues
Rental revenue, net $ 603,100  $ 314,842  $ 610,446  $ 314,642 
Escalation and reimbursement revenues 116,672  65,480  105,489  57,673 
Investment income 1,924  1,720  2,485  630 
Other income 8,650  5,473  15,321  7,944 
Total Revenues 730,346  387,515  733,741  380,889 
Gain on early extinguishment of debt 233,704  172,369  —  — 
Expenses
Operating expenses 125,483  65,521  120,744  62,875 
Real estate taxes 149,111  76,492  14,439  6,702 
Operating lease rent 17,503  4,062  131,864  66,433 
Total Operating Expenses 292,097  146,075  267,047  136,010 
Operating Income 671,953  413,809  466,694  244,879 
Interest expense, net of interest income 292,050  142,083  258,631  125,735 
Amortization of deferred financing costs 10,231  5,462  14,243  6,203 
Depreciation and amortization 269,789  140,098  242,668  125,504 
Net Income (Loss) 99,883  126,166  (48,848) (12,563)
Real estate depreciation 269,780  140,092  242,655  125,495 
FFO Contribution $ 369,663  $ 266,258  $ 193,807  $ 112,932 
FAD Adjustments:
Non real estate depreciation and amortization $ 9  $ 6  $ 13  $ 9 
Amortization of deferred financing costs 10,231  5,462  14,243  6,203 
Straight-line rental income and other non-cash adjustments (28,289) (21,264) (40,245) (25,142)
Second cycle tenant improvements (11,673) (6,265) (33,664) (17,354)
Second cycle leasing commissions (6,337) (3,413) (5,142) (2,652)
Revenue enhancing recurring CAPEX (96) (50) (689) (357)
Non-revenue enhancing recurring CAPEX (1,974) (1,023) (6,726) (3,358)
Total FAD Adjustments $ (38,129) $ (26,547) $ (72,210) $ (42,651)
First cycle tenant improvements $ 7,504  $ 2,287  $ 783  $ 220 
First cycle leasing commissions $ 1,784  $ 513  $ 307  $ 78 
Development costs $ 88,174  $ 26,917  $ 150,243  $ 41,014 
Redevelopment costs $ 24,304  $ 8,118  $ 42,876  $ 14,931 
Capitalized interest $ 75,517  $ 28,265  $ 63,217  $ 20,120 
Supplemental Information
19
Second Quarter 2024
SELECTED FINANCIAL DATA
Net Operating Income(1)
Unaudited
(Dollars in Thousands)
slglogo.jpg

Three Months Ended Six Months Ended
June 30, June 30, March 31, June 30, June 30,
2024 2023 2024 2024 2023
Net Operating Income (1)
 $ 77,412  $ 100,682  $ 68,338  $ 145,750  $ 205,977 
SLG share of NOI from unconsolidated JVs 118,076 107,037 112,990  231,065  237,251 
NOI, including SLG share of unconsolidated JVs 195,488  207,719  181,328  376,815  443,228 
Partners' share of NOI - consolidated JVs (2,285) 89  88  (2,197) 152 
NOI - SLG share $ 193,203  $ 207,808  $ 181,416  $ 374,618  $ 443,380 
NOI, including SLG share of unconsolidated JVs $ 195,488  $ 207,719  $ 181,328  $ 376,815  $ 443,228 
Free rent (net of amortization) 655  (8,998) (4,554) (3,899) (19,718)
Straight-line revenue adjustment (4,936) (4,774) (5,198) (10,133) (11,732)
Amortization of acquired above and below-market leases, net (5,497) (10,737) (6,311) (11,807) (23,233)
Operating lease straight-line adjustment 905  832  985  1,890  1,379 
Straight-line tenant credit loss 634  (138) 5,841  6,475  (585)
Cash NOI, including SLG share of unconsolidated JVs 187,249  183,904  172,091  359,341  389,339 
Partners' share of cash NOI - consolidated JVs (2,498) 31  25  (2,473) 94 
Cash NOI - SLG share $ 184,751  $ 183,935  $ 172,116  $ 356,868  $ 389,433 
(1) Includes SL Green Management Corp. and Emerge 212. Excludes lease termination income.
NOI Summary by Portfolio (1) - SLG Share
Three Months Ended Six Months Ended
June 30, 2024 June 30, 2024
NOI Cash NOI NOI Cash NOI
Manhattan Office $ 163,676  $ 158,029  $ 327,111  $ 309,445 
Development / Redevelopment 6,563  6,030 9,339  8,576 
High Street Retail 244  193 484  366 
Suburban & Residential 4,414  4,474  7,728  8,062 
Total Operating and Development 174,897  168,726  344,662  326,449 
Alternative Strategy Portfolio 16,587  13,976  27,961  27,728 
Property Dispositions (2)
 (523) (523) (760) (760)
Other (3)
 2,243  2,573  2,756  3,452 
Total $ 193,204  $ 184,752  $ 374,619  $ 356,869 
(1) Portfolio composition consistent with the Selected Property Data tables.
(2) Includes properties sold or otherwise disposed of during the respective period.
(3) Includes SL Green Management Corp., Emerge 212, Belmont Insurance Company and Ticonderoga Insurance Company.
Supplemental Information
20
Second Quarter 2024
SELECTED FINANCIAL DATA
Same Store Net Operating Income - Wholly Owned and Consolidated JVs
Unaudited
(Dollars in Thousands)
slglogo.jpg
Three Months Ended Three Months Ended Six Months Ended
June 30, June 30, March 31, June 30, June 30,
2024 2023 % 2024 2024 2023 %
Revenues
Rental revenue, net $ 124,933  $ 131,114  (4.7) % $ 129,116  $ 254,049  $ 265,359  (4.3) %
Escalation & reimbursement revenues 14,730  16,839  (12.5) % 13,790  28,520  34,038  (16.2) %
Other income 1,369  186  636.0  % 1,248  2,617  967  170.6  %
Total Revenues $ 141,032  $ 148,139  (4.8) % $ 144,154  $ 285,186  $ 300,364  (5.1) %
Expenses
Operating expenses $ 35,923  $ 34,525  4.0  % $ 37,131  $ 73,054  $ 72,796  0.4  %
Real estate taxes 30,832  31,051  (0.7) % 31,421  62,253  62,185  0.1  %
Operating lease rent 6,106  6,106  0.0  % 6,106  12,211  12,211  —  %
Total Operating Expenses $ 72,861  $ 71,682  1.6  % $ 74,658  $ 147,518  $ 147,192  0.2  %
Operating Income $ 68,171  $ 76,457  (10.8) % $ 69,496  $ 137,668  $ 153,172  (10.1) %
Interest expense & amortization of financing costs $ 19,308  $ 18,733  3.1  % $ 19,567  $ 38,875  $ 36,906  5.3  %
Depreciation & amortization 44,960  44,947  0.0  % 44,342  89,302  88,706  0.7  %
Income before noncontrolling interest $ 3,903  $ 12,777  (69.5) % $ 5,587  $ 9,491  $ 27,560  (65.6) %
Real estate depreciation & amortization 44,960  44,947  0.0  % 44,342  89,302  88,706  0.7  %
FFO Contribution $ 48,863  $ 57,724  (15.4) % $ 49,929  $ 98,793  $ 116,266  (15.0) %
Non–building revenue (283) (53) 434.0  % (67) (350) (194) 80.4  %
Interest expense & amortization of financing costs 19,308  18,733  3.1  % 19,567  38,875  36,906  5.3  %
Non-real estate depreciation —  —  —  % —  —  —  —  %
NOI $ 67,888  $ 76,404  (11.1) % $ 69,429  $ 137,318  $ 152,978  (10.2) %
Cash Adjustments
Free rent (net of amortization) $ (1,606) $ (3,386) (52.6) % $ (4,810) $ (6,416) $ (8,371) (23.4) %
Straight-line revenue adjustment 2,491  291  756.0  % 1,226  3,717  (190) (2,056.3) %
Amortization of acquired above and below-market leases, net 865  166  421.1  % 49  914  332  175.3  %
Operating lease straight-line adjustment 204  204  —  % 204  408  408  —  %
Straight-line tenant credit loss 858  13  6,500.0  % 679  1,537  (321) (578.8) %
Cash NOI $ 70,700  $ 73,692  (4.1) % $ 66,777  $ 137,478  $ 144,836  (5.1) %
Lease termination income (1,069) (123) 769.1  % (1,163) (2,200) (752) 192.6  %
Cash NOI excluding lease termination income $ 69,631  $ 73,569  (5.4) % $ 65,614  $ 135,278  $ 144,084  (6.1) %
Operating Margins
NOI to real estate revenue, net 48.2  % 51.6  % 48.2  % 48.2  % 51.0  %
Cash NOI to real estate revenue, net 50.2  % 49.8  % 46.3  % 48.3  % 48.3  %
NOI before operating lease rent/real estate revenue, net 52.6  % 55.7  % 52.4  % 52.5  % 55.0  %
Cash NOI before operating lease rent/real estate revenue, net 54.4  % 53.7  % 50.4  % 52.4  % 52.2  %
Supplemental Information
21
Second Quarter 2024
SELECTED FINANCIAL DATA
Same Store Net Operating Income - Unconsolidated JVs
Unaudited
(Dollars in Thousands, SLG Share)
slglogo.jpg

Three Months Ended Three Months Ended Six Months Ended
June 30, June 30, March 31, June 30, June 30,
2024 2023 % 2024 2024 2023 %
Revenues
Rental revenue, net $ 116,594  $ 122,061  (4.5) % $ 115,795  $ 232,389  $ 240,830  (3.5) %
Escalation & reimbursement revenues 28,486  23,671  20.3  % 28,987  57,473  52,239  10.0  %
Other income 413  1,006  (58.9) % 3,437  3,850  2,126  81.1  %
Total Revenues $ 145,493  $ 146,738  (0.8) % $ 148,219  $ 293,712  $ 295,195  (0.5) %
Expenses
Operating expenses $ 27,150  $ 26,292  3.3  % $ 27,893  $ 55,044  $ 54,761  0.5  %
Real estate taxes 30,040  28,590  5.1  % 30,040  60,080  57,126  5.2  %
Operating lease rent 108  108  —  % 108  217  217  —  %
Total Operating Expenses $ 57,298  $ 54,990  4.2  % $ 58,041  $ 115,341  $ 112,104  2.9  %
Operating Income $ 88,195  $ 91,748  (3.9) % $ 90,178  $ 178,371  $ 183,091  (2.6) %
Interest expense & amortization of financing costs $ 51,831  $ 51,310  1.0  % $ 54,058  $ 105,889  $ 102,516  3.3  %
Depreciation & amortization 53,496  50,166  6.6  % 50,565  104,060  100,716  3.3  %
Loss before noncontrolling interest $ (17,132) $ (9,728) 76.1  % $ (14,445) $ (31,578) $ (20,141) 56.8  %
Real estate depreciation & amortization 53,494  50,162  6.6  % 50,561  104,054  100,707  3.3  %
FFO Contribution $ 36,362  $ 40,434  (10.1) % $ 36,116  $ 72,476  $ 80,566  (10.0) %
Non–building revenue (354) (638) (44.5) % (146) (500) (1,376) (63.7) %
Interest expense & amortization of financing costs 51,831  51,310  1.0  % 54,058  105,889  102,516  3.3  %
Non-real estate depreciation 2  4  (50.0) % 4  6  9  (33.3) %
NOI $ 87,841  $ 91,110  (3.6) % $ 90,032  $ 177,871  $ 181,715  (2.1) %
Cash Adjustments
Free rent (net of amortization) $ 2,285  $ (2,648) (186.3) % $ 651  $ 2,936  $ (6,323) (146.4) %
Straight-line revenue adjustment (3,612) (3,654) (1.1) % (2,794) (6,405) (8,516) (24.8) %
Amortization of acquired above and below-market leases, net (4,409) (4,212) 4.7  % (4,407) (8,816) (8,436) 4.5  %
Operating lease straight-line adjustment —  —  —  % —  —  —  —  %
Straight-line tenant credit loss 3  (146) (102.1) % 251  253  (162) (256.2) %
Cash NOI $ 82,108  $ 80,450  2.1  % $ 83,733  $ 165,839  $ 158,278  4.8  %
Lease termination income (57) (355) (83.9) % (3,286) (3,343) (734) 355.4  %
Cash NOI excluding lease termination income $ 82,051  $ 80,095  2.4  % $ 80,447  $ 162,496  $ 157,544  3.1  %
Operating Margins
NOI to real estate revenue, net 60.5  % 62.4  % 60.8  % 60.7  % 61.8  %
Cash NOI to real estate revenue, net 56.6  % 55.1  % 56.5  % 56.6  % 53.9  %
NOI before operating lease rent/real estate revenue, net 60.6  % 62.4  % 60.9  % 60.7  % 61.9  %
Cash NOI before operating lease rent/real estate revenue, net 56.6  % 55.1  % 56.6  % 56.6  % 53.9  %
Supplemental Information
22
Second Quarter 2024
SELECTED FINANCIAL DATA
Same Store Net Operating Income
Unaudited
(Dollars in Thousands)
slglogo.jpg
Three Months Ended Three Months Ended Six Months Ended
June 30, June 30, March 31, June 30, June 30,
2024 2023 % 2024 2024 2023 %
Revenues
Rental revenue, net $ 124,933  $ 131,114  (4.7) % $ 129,116  $ 254,049  $ 265,359  (4.3) %
Escalation & reimbursement revenues 14,730  16,839  (12.5) % 13,790  28,520  34,038  (16.2) %
Other income 1,369  186  636.0  % 1,248  2,617  967  170.6  %
Total Revenues $ 141,032  $ 148,139  (4.8) % $ 144,154  $ 285,186  $ 300,364  (5.1) %
Equity in net income (loss) from unconsolidated joint ventures (1)
 $ (17,132) $ (9,728) 76.1  % $ (14,445) $ (31,578) $ (20,141) 56.8  %
Expenses
Operating expenses $ 35,923  $ 34,525  4.0  % $ 37,131  $ 73,054  $ 72,796  0.4  %
Real estate taxes 30,832  31,051  (0.7) % 31,421  62,253  62,185  0.1  %
Operating lease rent 6,106  6,106  0.0  % 6,106  12,211  12,211  —  %
Total Operating Expenses $ 72,861  $ 71,682  1.6  % $ 74,658  $ 147,518  $ 147,192  0.2  %
Operating Income $ 51,039  $ 66,729  (23.5) % $ 55,051  $ 106,090  $ 133,031  (20.3) %
Interest expense & amortization of financing costs $ 19,308  $ 18,733  3.1  % $ 19,567  $ 38,875  $ 36,906  5.3  %
Depreciation & amortization 44,960  44,947  0.0  % 44,342  89,302  88,706  0.7  %
(Loss) income before noncontrolling interest $ (13,229) $ 3,049  (533.9) % $ (8,858) $ (22,087) $ 7,419  (397.7) %
Real estate depreciation & amortization 44,960  44,947  0.0  % 44,342  89,302  88,706  0.7  %
Joint Ventures Real estate depreciation & amortization (1)
 53,494  50,162  6.6  % 50,561  104,054  100,707  3.3  %
FFO Contribution $ 85,225  $ 98,158  (13.2) % $ 86,045  $ 171,269  $ 196,832  (13.0) %
Non–building revenue (283) (53) 434.0  % (67) (350) (194) 80.4  %
Joint Ventures Non–building revenue (1)
 (354) (638) (44.5) % (146) (500) (1,376) (63.7) %
Interest expense & amortization of financing costs 19,308  18,733  3.1  % 19,567  38,875  36,906  5.3  %
Joint Ventures Interest expense & amortization of financing costs (1)
 51,831  51,310  1.0  % 54,058  105,889  102,516  3.3  %
Non-real estate depreciation —  —  —  % —  —  —  —  %
Joint Ventures Non-real estate depreciation (1)
 2  4  (50.0) % 4  6  9  (33.3) %
NOI $ 155,729  $ 167,514  (7.0) % $ 159,461  $ 315,189  $ 334,693  (5.8) %
Cash Adjustments
Non-cash adjustments $ 2,812  $ (2,712) (203.7) % $ (2,652) $ 160  $ (8,142) (102.0) %
Joint Ventures non-cash adjustments (1)
 (5,733) (10,660) (46.2) % (6,299) (12,032) (23,437) (48.7) %
Cash NOI $ 152,808  $ 154,142  (0.9) % $ 150,510  $ 303,317  $ 303,114  0.1  %
Lease termination income $ (1,069) $ (123) 769.1  % $ (1,163) $ (2,200) $ (752) 192.6  %
Joint Ventures lease termination income (1)
 (57) (355) (83.9) % (3,286) (3,343) (734) 355.4  %
Cash NOI excluding lease termination income $ 151,682  $ 153,664  (1.3) % $ 146,061  $ 297,774  $ 301,628  (1.3) %
Operating Margins
NOI to real estate revenue, net 54.5  % 56.9  % 54.6  % 54.5  % 56.3  %
Cash NOI to real estate revenue, net 53.5  % 52.4  % 51.5  % 52.5  % 51.0  %
NOI before operating lease rent/real estate revenue, net 56.6  % 59.1  % 56.7  % 56.7  % 58.4  %
Cash NOI before operating lease rent/real estate revenue, net 55.6  % 54.4  % 53.6  % 54.6  % 53.1  %
(1) The amount represents the Company's share of same-store unconsolidated joint venture activity. The Company does not control investments in unconsolidated joint ventures.
Supplemental Information
23
Second Quarter 2024
DEBT SUMMARY SCHEDULE
Consolidated
Unaudited
(Dollars in Thousands)
slglogo.jpg
Principal 2024 Current Final Principal
Ownership Outstanding Principal Maturity Maturity Due at
Fixed rate debt Interest (%) 6/30/2024 Coupon (1) Amortization Date Date (2) Maturity
Secured fixed rate debt
420 Lexington Avenue 100.0  $ 274,251  3.99% $ 4,488  Oct-24 Oct-40 $ 272,749 
10 East 53rd Street (capped) 55.0  205,000  5.45% —  May-25 May-28 (3) 205,000 
100 Church Street (swapped) 100.0  370,000  5.89% —  Jun-25 Jun-27 370,000 
185 Broadway / 7 Dey 100.0  190,148  6.65% —  Nov-25 Nov-26 (3) 190,148 
Landmark Square 100.0  100,000  4.90% —  Jan-27 Jan-27 100,000 
485 Lexington Avenue 100.0  450,000  4.25% —  Feb-27 Feb-27 450,000 
$ 1,589,399  5.07% $ 4,488  $ 1,587,897 
Unsecured fixed rate debt
Term Loan B (swapped) $ 200,000  4.41% $ —  Nov-24 Nov-24 $ 200,000 
Unsecured notes 100,000  4.27% —  Dec-25 Dec-25 100,000 
Term Loan A (swapped) 1,050,000  4.54% (4) —  May-27 May-27 1,050,000 
Junior subordinated deferrable interest debentures (swapped) 100,000  5.27% —  Jul-35 Jul-35 100,000 
$ 1,450,000  4.56% $ —  $ 1,450,000 
Total Fixed Rate Debt $ 3,039,399  4.82% $ 4,488  $ 3,037,897 
Floating rate debt
Alternative strategy portfolio
690 Madison (SOFR + 50 bps) 100.0  $ 60,493  5.84% $ —  Jul-25 Jul-25 $ 60,493 
$ 60,493  5.84% $ —  $ 60,493 
Unsecured floating rate debt
Revolving credit facility (SOFR+ 150 bps) (5) 100.0  $ 540,000  6.84% $ —  May-26 May-27 (3) $ 540,000 
$ 540,000  6.84% $ —  $ 540,000 
Total Floating Rate Debt $ 600,493  6.74% $ —  $ 600,493 
Consolidated Debt $ 3,579,399  5.13%
Alternative Strategy Portfolio Debt $ 60,493  5.84%
Total Debt - Consolidated $ 3,639,892  5.14% $ 4,488  $ 3,638,390 
Deferred financing costs (14,304)
Total Debt - Consolidated, net $ 3,625,588  5.14%
Total Debt - Unconsolidated JV, net $ 6,816,499  4.69%
Debt including SLG share of JV Debt $ 9,505,929  4.63%
Alternative Strategy Portfolio Debt including SLG share of JV Debt $ 1,000,153  6.89%
Total Debt including SLG share of JV Debt $ 10,506,082  4.85%
Weighted Average Balance & Interest Rate for the quarter, including SLG share of JV Debt $ 10,785,406  2.41%
(1) Coupon for floating rate debt determined using the effective Term SOFR rate at the end of the quarter of 5.34%. Coupon for loans that are subject to SOFR floors, interest rate caps or interest rate swaps were determined using the SOFR floors, interest rate cap strike rate, or swapped interest rate plus the applicable loan spread.
(2) Reflects exercise of all available extension options, which may be subject to conditions and result in adjusted terms.
(3) As-of-right extension.
(4) Represents a blended swapped rate inclusive of the effect of multiple swaps.
(5) Spread includes applicable Term SOFR adjustment.
Supplemental Information
24
Second Quarter 2024
DEBT SUMMARY SCHEDULE
Unconsolidated JVs
Unaudited
(Dollars in Thousands)
slglogo.jpg

Principal Outstanding
2024 Principal
 Current Final Principal
Ownership 6/30/2024 Amortization Maturity Maturity Due at Maturity
Fixed rate debt Interest (%) Gross Principal SLG Share Coupon (1) (SLG Share) Date Date (2) (SLG Share)
220 East 42nd (swapped) 51.0  $ 505,412  $ 257,760  7.87% (3) $ —  Jul-24 Jun-25 $ 257,760 
1515 Broadway 56.9  751,580  427,416  3.93% 11,975  Mar-25 Mar-25 419,372 
450 Park Avenue (capped) 25.1  279,059  70,044  6.10% —  Jun-25 Jun-27 70,044 
11 Madison Avenue 60.0  1,400,000  840,000  3.84% —  Sep-25 Sep-25 840,000 
One Madison Avenue (capped) 25.5  574,938  146,609  7.10% —  Nov-25 Nov-26 146,609 
15 Beekman 20.0  120,000  24,000  5.99% —  Jan-26 Jan-28 24,000 
800 Third Avenue (swapped) 60.5  177,000  107,120  3.37% —  Feb-26 Feb-26 107,120 
919 Third Avenue (swapped) 51.0  500,000  255,000  6.11% —  Apr-26 Apr-28 255,000 
280 Park Avenue (swapped) (4) 50.0  1,075,000  537,500  5.92% (3)(4) —  Sep-26 Sep-28 537,500 
245 Park Avenue 50.1  1,768,000  885,768  4.30% —  Jun-27 Jun-27 885,768 
One Vanderbilt Avenue 71.0  3,000,000  2,130,300  2.95% —  Jul-31 Jul-31 2,130,300 
$ 10,150,989  $ 5,681,517  4.18% (5) $ 11,975  $ 5,673,473 
Alternative strategy portfolio
650 Fifth Avenue 50.0  $ 65,000  $ 32,500  5.45% $ —  Jul-24 (6) Jul-24 (6) $ 32,500 
5 Times Square (capped) 31.6  551,020  173,847  7.23% —  Sep-24 Sep-26 173,847 
115 Spring Street 51.0  65,550  33,431  5.50% —  Mar-25 Mar-25 33,431 
Worldwide Plaza 25.0  1,200,000  299,400  3.98% —  Nov-27 Nov-27 299,400 
$ 1,881,570  $ 539,178  5.21% (5) $ —  $ 539,178 
Total Fixed Rate Debt $ 12,032,559  $ 6,220,695  4.27% (5) $ 11,975  $ 6,212,651 
Floating rate debt
100 Park Avenue (SOFR + 236 bps) (7) 49.9  $ 360,000  $ 179,640  7.70% $ —  Dec-24 Dec-25 $ 179,640 
One Madison Avenue (SOFR + 310 bps) 25.5  256,363  65,373  8.44% —  Nov-25 Nov-26 65,373 
$ 616,363  $ 245,013  7.90% (5) $ —  $ 245,013 
Alternative strategy portfolio
11 West 34th Street (LIBOR + 145 bps) 30.0  $ 23,000  $ 6,900  6.67% (8) —  Feb-23 (9) Feb-23 (9) $ 6,900 
1552 Broadway (SOFR + 275 bps) (7) 50.0  193,133  96,566  8.09% —  Feb-24 (10) Feb-24 (10) 96,566 
650 Fifth Avenue (SOFR + 225 bps) 50.0  210,000  105,000  7.59% —  Jul-24 (6) Jul-24 (6) 105,000 
5 Times Square (SOFR + 559 bps) 31.6  608,609  192,016  10.93% —  Sep-24 Sep-26 192,016 
$ 1,034,742  $ 400,482  9.29% (5) $ —  $ 400,482 
Total Floating Rate Debt $ 1,651,105  $ 645,495  8.76% (5) $ —  $ 645,495 
Unconsolidated JV Debt $ 10,767,352  $ 5,926,530  4.33% (5)
Alternative Strategy Portfolio Debt $ 2,916,312  $ 939,660  6.95% (5)
Total Debt - Unconsolidated JV $ 13,683,664  $ 6,866,190  4.69% (5) $ 11,975  $ 6,858,146 
Deferred financing costs (89,982) (49,691)
Total Debt - Unconsolidated JV, net $ 13,593,682  $ 6,816,499  4.69% (5)
(1) Coupon for floating rate debt determined using the effective Term SOFR rate at the end of the quarter of 5.34%. Coupon for loans that are subject to SOFR floors, interest rate caps or interest rate swaps were determined using the SOFR floors, interest rate cap strike rate, or swapped interest rate plus the applicable loan spread.
(2) Reflects exercise of all available extension options, which may be subject to conditions and result in adjusted terms.
(3) Coupon reflects interest rate swaps executed at the corporate level for SLG’s share of the outstanding debt.
(4) In July 2024, the swap put in place at the corporate level for SLG’s share of the mortgage at 280 Park Avenue was terminated and new swaps were put in place at the JV level by the JV partners, which reduced the all-in coupon of the mortgage to 5.84%.
(5) Calculated based on SL Green's share of the outstanding debt.
(6) In July 2024, the maturity date of the loan was extended by one month to August 2024. The Company is in discussions with the lenders on an extension.
(7) Spread includes applicable Term SOFR adjustment.
(8) The coupon rate is based on the last available LIBOR on June 30, 2023.
(9) The Company's joint venture partner is in discussions with the lender on resolution of the past maturity.
(10) The Company is in discussions with the lender on resolution of the past maturity.
Supplemental Information
25
Second Quarter 2024
DEBT COMPOSITION AND CORPORATE DEBT COVENANTS

Unaudited
(Dollars in Thousands)
slglogo.jpg
Composition of Debt
Core Portfolio Alternative Strategy Portfolio Total
Fixed Rate Debt
Consolidated $ 3,039,399  $ —  $ 3,039,399 
SLG Share of JV 5,681,517  539,178  6,220,695 
Total Fixed Rate Debt $ 8,720,916  91.7% $ 539,178  53.9% $ 9,260,094  88.1%
Floating Rate Debt
Consolidated $ 540,000  $ 60,493  $ 600,493 
SLG Share of JV 245,013  400,482  645,495 
785,013  8.3% 460,975  46.1% 1,245,988  11.9%
Debt & Preferred Equity and Other Investments (58,376) (0.6)% (49,846) (5.0)% (108,222) (1.0)%
Total Floating Rate Debt $ 726,637  7.6% $ 411,129  41.1% $ 1,137,766  10.8%
Total Debt $ 9,505,929  $ 1,000,153  $ 10,506,082 
Revolving Credit Facility Covenants (1)
Actual Required
Total Debt / Total Assets 36.5% Less than 60%
 Consolidated Fixed Charge Coverage 1.54x Greater than 1.40x
Maximum Secured Indebtedness 18.4% Less than 50%
Maximum Unencumbered Leverage Ratio 34.8% Less than 60%
Unsecured Notes Covenants (1)
Actual Required
Total Debt / Total Assets 35.6% Less than 60%
Secured Debt / Total Assets 20.7% Less than 40%
Debt Service Coverage 2.33x Greater than 1.50x
Unencumbered Assets / Unsecured Debt 361.5% Greater than 150%
(1) Covenants calculated pursuant to the terms of the underlying facility or notes.
Supplemental Information
26
Second Quarter 2024
DERIVATIVE SUMMARY SCHEDULE

Unaudited
(Dollars in Thousands)
slglogo.jpg
Consolidated Interest Rate Derivatives
Ownership Notional Value Fair Value
Secured Debt Interest (%) 6/30/2024 6/30/2024
Instrument (1)
Strike Rate (1)
 Effective Date Maturity Date
10 East 53rd Street 55.0  $205,000 $1,387 Cap 4.00  % February 2024 February 2025
SLGOP – 220 East 42nd Street 100.0  $257,760 $(186) (2) Swap 5.01  % June 2024 June 2025
100 Church Street 100.0  $370,000 $3,768 Swap 3.89  % November 2022 June 2027
SLGOP – 280 Park Avenue (3) 100.0  $537,500 $(1,041) (2) Swap 4.14  % April 2024 September 2028
Unsecured Debt
Term Loan A 100.0  $150,000 $4,504 Swap 2.62  % December 2021 January 2026
Term Loan A 100.0  200,000  8,547  Swap 2.59  % February 2023 February 2027
Term Loan A 100.0  100,000  3,505  Swap 2.90  % February 2023 February 2027
Term Loan A 100.0  100,000  3,923  Swap 2.73  % February 2023 February 2027
Term Loan A 100.0  50,000  2,294  Swap 2.46  % February 2023 February 2027
Term Loan A 100.0  300,000  11,330  Swap 2.87  % July 2023 May 2027
Term Loan A 100.0  150,000  3,023  Swap 3.52  % January 2024 May 2027
Term Loan B 100.0  $200,000 $5,892 Swap 2.66  % December 2021 January 2026
Junior subordinated deferrable interest debentures 100.0  $100,000 $1,397 Swap 3.76  % January 2023 January 2028
Forward-starting Derivatives
SLGOP – 450 Park Avenue 100.0  $68,678 $(486) (2) Swap 4.47  % August 2024 June 2027
SLGOP – One Madison Avenue 100.0  $300,000 $(3,582) (2) Swap 4.49  % November 2024 November 2027
10 East 53rd Street 55.0  $204,963 $8 Swap 3.92  % February 2025 May 2028
Unconsolidated JV Interest Rate Derivatives
Notional Value Fair Value
Ownership 6/30/2024 6/30/2024
Secured Debt Interest (%) Gross SLG Share Gross SLG Share
Instrument (1)
Strike Rate (1)
 Effective Date Maturity Date
450 Park Avenue 25.1  $279,059 $70,044 $400 $100 Cap 4.00  % August 2023 August 2024
5 Times Square (4) 31.6  $551,020 $173,847 $1,980 $625 Cap 3.50  % September 2023 September 2024
One Madison Avenue 25.5  $287,469 $73,305 $1,386 $353 Cap 4.00  % May 2024 November 2024
One Madison Avenue 25.5  $287,469 $73,305 $1,386 $353 Cap 4.00  % May 2024 November 2024
919 Third Avenue 51.0  $250,000 $127,500 $3,999 $2,039 Swap 3.61  % April 2023 February 2026
919 Third Avenue 51.0  250,000 127,500 4,001 2,041 Swap 3.61  % April 2023 February 2026
800 Third Avenue 60.5  $177,000 $107,120 $8,575 $5,190 Swap 1.55  % December 2022 February 2026
(1) Certain financings require the purchase of a cap at a specified strike rate.
(2) Quarterly changes in fair value recognized in the calculation of FFO.
(3) In July 2024, the swap put in place at the corporate level for SLG’s share of the mortgage at 280 Park Avenue was terminated and new swaps were put in place at the JV level by the JV partners, which reduced the all-in coupon of the mortgage to 5.84%.
(4) Alternative Strategy Portfolio asset.
Supplemental Information
27
Second Quarter 2024
SUMMARY OF LEASE LIABILITIES

Unaudited
(Dollars in Thousands)
slglogo.jpg

2024 Scheduled
2025 Scheduled
2026 Scheduled
2027 Scheduled
 Lease Year of Final
Property
Cash Payment (1)
Cash Payment (1)
Cash Payment (1)
Cash Payment (1)
Liabilities (2)
Expiration (3)
Consolidated Lease Liabilities (SLG Share)
Operating Leases
1185 Avenue of the Americas $ 3,455  $ 6,909  $ 6,909  $ 6,909  $ 84,852  2043
SL Green Headquarters at One Vanderbilt 849   (4) 1,736   (4) 1,776   (4) 1,779   (4) 90,383  2048
SUMMIT One Vanderbilt 3,479   (4) 6,958   (4) 6,958   (4) 6,958   (4) 431,445  2070
420 Lexington Avenue 5,599  11,199  11,199  11,199  171,947  2080
711 Third Avenue 2,750   (5) 5,500   (5) 5,500   (5) 5,500   (5) 40,812   (5) 2083
Total $ 16,132  $ 32,302  $ 32,342  $ 32,345  $ 819,439 
Financing Leases
15 Beekman $ 1,592  $ 3,228  $ 3,276  $ 3,325  $ 106,187  2119 (6)
Total $ 1,592  $ 3,228  $ 3,276  $ 3,325  $ 106,187 
SLG
2024 Scheduled
2025 Scheduled
2026 Scheduled
2027 Scheduled
 Lease Year of Final
Property Interest (%)
Cash Payment (1)
Cash Payment (1)
Cash Payment (1)
Cash Payment (1)
Liabilities (2)
Expiration (3)
Unconsolidated Joint Venture Lease Liabilities (SLG Share)
Operating Leases
Equinox Studio City (7)
 33.3 $ 307  $ 614  $ 614  $ 693  $ 3,186  2029
Alternative strategy portfolio
650 Fifth Avenue (Floors 4-6) 50.0 $ 895  $ 1,790  $ 1,802  $ 1,935  $ 14,236  2053
650 Fifth Avenue (Floors b-3) 50.0 785  1,569  1,571  1,585  31,812  2062
5 Times Square 31.6 —   (8) —  (8) —  (8) —  (8) —  (8) 2089
1560 Broadway 50.0 3,738  7,476  7,554  7,610  61,162  2114
Total $ 5,725  $ 11,449  $ 11,541  $ 11,823  $ 110,396 
Financing Leases
One Vanderbilt Avenue Garage 71.0 $ 104  $ 211  $ 213  $ 215  $ 3,442  2069
885 Third Avenue 34.1 375  795  817  817  15,483  2119
Alternative strategy portfolio
650 Fifth Avenue (Floors b-3) 50.0 $ 3,682  $ 7,364  $ 7,364  $ 7,364  $ 103,635  2062
2 Herald Square 95.0 7,187  14,613  14,978  15,353  405,250  2077 (6)
Total $ 11,348  $ 22,983  $ 23,372  $ 23,749  $ 527,810 
(1) Reflects SLG's share of remaining contractual base rent for each year presented. Leases may provide for additional rent payments based on exceeding specified thresholds.
(2) Per the balance sheet as of June 30, 2024.
(3) Reflects all available extension options.
(4) Reflects scheduled cash payments net of the Company's 71.0% ownership interest in One Vanderbilt.
(5) Reflects scheduled cash payments net of the Company's 50.0% ownership of the fee interest in the property.
(6) The Company has an option to purchase the ground lease for a fixed price on a specific date. Scheduled cash payments do not reflect the exercise of the purchase option.
(7) The Company has a JV interest in the sublandlord for the premises. Amounts reflect the sublandlord's lease obligation to the fee owner and have not been reduced by rents owed to the sublandlord under a sublease covering 100% of the premises.
(8) The base rent amount is determined semi-annually by the City of New York under a payment in-lieu of real estate taxes (PILOT) program.
Supplemental Information
28
Second Quarter 2024
DEBT AND PREFERRED EQUITY INVESTMENTS

Unaudited
(Dollars in Thousands)
slglogo.jpg

Weighted Average Book Weighted Average Weighted Average Yield
    Book Value (1)
 Value During Quarter
  Yield During Quarter (2)
At End Of Quarter (3)
6/30/2023 $ 636,476  $ 645,812  5.83% 6.07%
Debt investment originations/fundings/accretion
(4)
 45,730 
Preferred Equity investment originations/accretion
(4)
 2,068 
Joint venture investment originations/accretion/amortization
(4)
 — 
Redemptions/Sales/Syndications/Equity Ownership/Amortization (349,947)
Reserves/Realized Losses — 
9/30/2023 $ 334,327  $ 608,701  6.15% 8.21%
Debt investment originations/fundings/accretion
(4)
 10.315 
Preferred Equity investment originations/accretion
(4)
 2,103 
Joint venture investment originations/accretion/amortization
(4)
 — 
Redemptions/Sales/Syndications/Equity Ownership/Amortization — 
Reserves/Realized Losses — 
12/31/2023 $ 346,745  $ 358,011  7.79% 7.92%
Debt investment originations/fundings/accretion
(4)
 3,487 
Preferred Equity investment originations/accretion
(4)
 2,115 
Joint venture investment originations/accretion/amortization
(4)
 — 
Redemptions/Sales/Syndications/Equity Ownership/Amortization — 
Reserves/Realized Losses — 
3/31/2024 $ 352,347  $ 362,794  7.82% 7.95%
Debt investment originations/fundings/accretion
(4)
 619 
Preferred Equity investment originations/accretion
(4)
 2,150 
Joint venture investment originations/accretion/amortization
(4)
 205,208 
Redemptions/Sales/Syndications/Equity Ownership/Amortization (64,629)
Reserves/Realized Losses — 
6/30/2024 $ 495,695  $ 405,571  7.41% 7.46%
(1) Net of unamortized fees, discounts, and premiums.
(2) Excludes loan loss reserves and accelerated fee income resulting from early repayment.
(3) Calculated based on GAAP income, which includes cash interest, paid-in-kind interest, fee accrual and amortization of discounts, recognized in the last month of the quarter. Excludes accelerated fee income resulting from early repayment and loan loss reserves.
(4) Includes funded future funding obligations, amortization of fees and discounts and paid-in-kind investment income.
Supplemental Information
29
Second Quarter 2024
DEBT AND PREFERRED EQUITY INVESTMENTS

Unaudited
(Dollars in Thousands, Except Per Square Foot Amounts)
slglogo.jpg

Book Value Senior Weighted Average Weighted Average Weighted Average Yield
Type of Investment Floating rate Fixed rate Total

Financing
  Exposure PSF (1)
 Yield During Quarter (2)
   At End Of Quarter (2) (3)
Mezzanine Debt $ 108,222  $ 50,000  $ 158,222  $ 803,690  $ 583  7.49% 6.38%
Preferred Equity —  132,265  132,265  250,000  $ 776  6.46% 6.55%
Joint Venture Preferred Equity —  205,208  205,208  203,189  $ 744  8.85% 8.95%
Balance as of 6/30/2024
 $ 108,222  $ 387,473  $ 495,695 
(4)
 $ 700  7.41% 7.46%
Debt and Preferred Equity Maturity Profile (4)
2024
2025
2026
2027
2028 & Thereafter
Floating Rate $ 58,089  $ —  $ 50,133  $ —  $ — 
Fixed Rate —  30,000  205,208  132,265  20,000 
Sub-total $ 58,089  $ 30,000  $ 255,341  $ 132,265  $ 20,000 
(1) Net of loan loss reserves.
(2) Excludes accelerated fee income resulting from early repayment and loan loss reserves.
(3) Calculated based on GAAP income, which includes cash interest, paid-in-kind interest, fee accrual and amortization of discounts, recognized in the last month of the quarter, excluding accelerated fee income resulting from early repayment and loan loss reserves.
(4) The weighted average maturity of the outstanding balance is 2.07 years. Approximately 9.8% of our portfolio of investments have extension options, some of which may be subject to certain conditions for extension. The weighted average fully extended maturity of the outstanding balance is 2.17 years.
Supplemental Information
30
Second Quarter 2024
DEBT AND PREFERRED EQUITY INVESTMENTS

Unaudited
(Dollars in Thousands, Except Per Square Foot Amounts)
slglogo.jpg
   Book Value (1)
 Property Senior Yield At End
Investment Type 6/30/2024 Type Location Financing
    Last $ PSF (2)
 Fixed/Floating
  Of Quarter (3)
Preferred Equity $ 205,208  (4) Office Manhattan $ 203,189  $ 744  Fixed 8.95%
Preferred Equity 132,265  Multi-Family Rental Manhattan 250,000  $ 776  Fixed 6.55%
Mezzanine Loan 50,133  Multi-Family Rental Brooklyn 189,690  $ 735  Floating 10.54%
Mezzanine Loan (5) 49,846  (5) Office Manhattan 275,000  $ 414  Floating (6)
Mezzanine Loan 30,000  Office Manhattan 95,000  $ 573  Fixed 8.52%
Mezzanine Loan 20,000  Office Manhattan 85,000  $ 696  Fixed 8.11%
Mezzanine Loan 8,243  Multi-Family Rental Brooklyn 54,000  $ 449  Floating 18.08%
Total $ 495,695 
(1) Net of unamortized fees, discounts, premiums and loan loss reserves.
(2) Reflects the last dollar of exposure to the Company's most junior position.
(3) Calculated based on accounting income, which includes cash interest, paid-in-kind interest, fee accrual and amortization of discounts, recognized in the last month of the quarter excluding loan loss reserves.
(4) Investment is included in the Investment in unconsolidated joint ventures line item in our consolidated balance sheet.
(5) Alternative Strategy Portfolio asset.
(6) Loan was put on non-accrual in the first quarter of 2023 and continues to be on non-accrual as of June 30, 2024.

Supplemental Information
31
Second Quarter 2024
SELECTED PROPERTY DATA
Manhattan Operating Properties
Unaudited
(Dollars in Thousands)
slglogo.jpg
Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
CONSOLIDATED PROPERTIES
"Same Store"
10 East 53rd Street 55.0 Plaza District Fee Interest 354,300  1.6  96.3  98.1  98.1  98.1  $33,288 $18,309 39 
100 Church Street 100.0 Downtown Fee Interest 1,047,500  4.8  93.1  93.1  92.9  92.9  49,535 49,535 20 
110 Greene Street 100.0 Soho Fee Interest 223,600  1.0  91.8  92.2  90.9  93.2  18,494 18,494 53 
125 Park Avenue 100.0 Grand Central Fee Interest 604,245  2.8  99.9  99.9  99.3  99.3  48,676 48,676 23 
304 Park Avenue South 100.0 Midtown South Fee Interest 215,000  1.0  100.0  100.0  100.0  100.0  18,575 18,575 7 
420 Lexington Ave (Graybar) 100.0 Grand Central North Leasehold Interest 1,188,000  5.5  87.2  87.9  87.7  88.6  82,689 82,688 169 
461 Fifth Avenue 100.0 Midtown Fee Interest 200,000  0.9  80.1  98.2  76.9  90.6  15,131 15,131 15 
485 Lexington Avenue 100.0 Grand Central North Fee Interest 921,000  4.2  76.4  82.3  75.8  82.0  46,489 46,489 29 
555 West 57th Street 100.0 Midtown West Fee Interest 941,000  4.3  87.5  88.1  87.5  88.1  51,082 51,082 11 
711 Third Avenue      100.0 (4) Grand Central North Leasehold Interest (4) 524,000  2.4  94.5  94.5  95.3  95.3  34,243 34,243 21 
810 Seventh Avenue 100.0 Times Square Fee Interest 692,000  3.2  82.4  83.6  82.0  84.2  41,944 41,944 44 
1185 Avenue of the Americas 100.0 Rockefeller Center Leasehold Interest 1,062,000  4.9  73.1  76.8  73.1  76.8  69,134 69,134 14 
1350 Avenue of the Americas 100.0 Rockefeller Center Fee Interest 562,000  2.6  72.1  77.7  72.1  77.7  32,842 32,842 43 
Added to Same Store in 2024
885 Third Avenue 100.0 Midtown / Plaza District Fee / Leasehold Interest 218,796  1.0  73.1  73.1  73.0  73.0  10,080 10,080 11 
Subtotal / Weighted Average 8,753,441  40.2  % 85.3  % 87.5  % 85.3  % 87.5  % $552,202 $537,222 499 
Total / Weighted Average Consolidated Properties 8,753,441  40.2  % 85.3  % 87.5  % 85.3  % 87.5  % $552,202 $537,222 499 
UNCONSOLIDATED PROPERTIES
"Same Store"
One Vanderbilt Avenue 71.0 Grand Central Fee Interest 1,657,198  7.6  99.0  99.0  97.4  98.9  $284,451 $201,989 39 
11 Madison Avenue 60.0 Park Avenue South Fee Interest 2,314,000  10.7  96.2  96.2  96.2  96.2  169,711 101,827 8 
100 Park Avenue 50.0 Grand Central South Fee Interest 834,000  3.8  58.7  67.4  56.5  67.6  39,476 19,738 34 
220 East 42nd Street 51.0 Grand Central Fee Interest 1,135,000  5.2  88.4  92.0  88.4  89.5  68,689 35,031 31 
280 Park Avenue 50.0 Park Avenue Fee Interest 1,219,158  5.6  85.9  89.5  82.0  87.4  117,194 58,597 33 
800 Third Avenue 60.5 Grand Central North Fee Interest 526,000  2.4  83.1  88.8  83.0  85.1  33,805 20,452 40 
919 Third Avenue 51.0 Grand Central North Fee Interest 1,454,000  6.7  80.0  80.9  80.0  80.0  83,067 42,364 9 
1515 Broadway 56.9 Times Square Fee Interest 1,750,000  8.1  99.7  99.7  99.7  99.7  137,831 78,426 7 
Added to Same Store in 2024
450 Park Avenue 25.1 Park Avenue Fee Interest 337,000  1.5  82.9  89.3  82.9  92.5  35,721 8,966 22 
Subtotal / Weighted Average 11,226,356  51.6  % 89.3  % 91.3  % 88.5  % 90.6  % $969,945 $567,390 223 
"Non Same Store"
245 Park Avenue 50.1 Park Avenue Fee Interest 1,782,793  8.2  76.8  85.4  72.5  81.1  $139,071 $69,674 13 
Subtotal / Weighted Average 1,782,793  8.2  % 76.8  % 85.4  % 72.5  % 81.1  % $139,071 $69,674 13 
Total / Weighted Average Unconsolidated Properties 13,009,149  59.8  % 87.6  % 90.5  % 86.3  % 89.3  % $1,109,016 $637,064 236 
Manhattan Operating Properties Grand Total / Weighted Average 21,762,590  100.0  % 86.7  % 89.3  % 85.9  % 88.6  % $1,661,218 $1,174,286 735 
Manhattan Operating Properties Same Store Occupancy % 19,979,797  91.8  % 87.6  % 89.6  % 87.1  % 89.2  %
(1) Represents the rentable square footage at the time the property was acquired.
(2) Occupancy based on commenced leases.
(3) Occupancy inclusive of leases signed but not yet commenced.
(4) The Company also owns 50% of the fee interest.
Supplemental Information
32
Second Quarter 2024
SELECTED PROPERTY DATA
Retail, Residential and Suburban Operating Properties
Unaudited
(Dollars in Thousands)
slglogo.jpg
Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
RETAIL PROPERTIES
"Same Store" Retail
85 Fifth Avenue 36.3 Midtown South Fee Interest 12,946  36.4  100.0  100.0  100.0  100.0  $2,500 $907 1 
                               Subtotal/Weighted Average 12,946  36.4  % 100.0  % 100.0  % 100.0  % 100.0  % $2,500 $907 1 
"Non Same Store" Retail
760 Madison Avenue 100.0 Plaza District Fee Interest 22,648  63.6  100.0  100.0  100.0  100.0  $18,362 $18,362 1 
                               Subtotal/Weighted Average 22,648  63.6  % 100.0  % 100.0  % 100.0  % 100.0  % $18,362 $18,362 1
Total / Weighted Average Retail Properties 35,594  100.0  % 100.0  % 100.0  % 100.0  % 100.0  % $20,862 $19,269 2 
Ownership Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Average Monthly Rent Per Unit (4)
Properties Interest (%) SubMarket Ownership Square Feet (1) Units %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s) ($'s)
RESIDENTIAL PROPERTIES
"Non Same Store" Residential
7 Dey Street 100.0 Lower Manhattan Fee Interest 140,382  209  96.2  97.6  97.6  98.6  $11,844 $11,844 $4,911
15 Beekman Street 20.0 Downtown Leasehold Interest 221,884  484  (5) 100.0  100.0  100.0 100.0 13,474 2,695 N/A
                               Subtotal/Weighted Average 362,266  693  98.8  % 99.3  % 99.3  % 99.6  % $25,318 $14,539 $4,911
Total / Weighted Average Residential Properties 362,266  693  98.8  % 99.3  % 99.3  % 99.6  % $25,318 $14,539 $4,911
Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
SUBURBAN PROPERTIES
"Same Store" Suburban
Landmark Square 100.0 Stamford, Connecticut Fee Interest 862,800  100.0  72.4  72.4  73.8  73.8  $18,251 $18,251 91 
                               Subtotal/Weighted Average 862,800  100.0  % 72.4  % 72.4  % 73.8  % 73.8  % $18,251 $18,251 91 
Total / Weighted Average Suburban Properties 862,800  100.0  % 72.4  % 72.4  % 73.8  % 73.8  % $18,251 $18,251 91 
(1) Represents the rentable square footage at the time the property was acquired.
(2) Occupancy based on commenced leases.
(3) Occupancy inclusive of leases signed but not yet commenced.
(4) Calculated based on occupied units. Amount in dollars.
(5) Property occupied by Pace University and used as an academic center and dormitory space. 484 represents number of beds.
Supplemental Information
33
Second Quarter 2024
SELECTED PROPERTY DATA
Development / Redevelopment, Alternative Strategy Portfolio & Construction in Progress Properties
Unaudited
(Dollars in Thousands)
slglogo.jpg

Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Real Estate Book Value, Net Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
Development / Redevelopment
19 East 65th Street 100.0 Plaza District Fee Interest 14,639  1.7  5.5  5.5  5.5  5.5  $32 $32 $14,804 1 
185 Broadway 100.0 Lower Manhattan Fee Interest 50,206  5.9  34.5  34.5  34.5  34.5  3,449 3,449 49,176  4 
750 Third Avenue 100.0 Grand Central North Fee Interest 780,000  92.4  11.4  11.4  14.3  14.3  7,989 7,989 286,721  18 
Total / Weighted Average Development / Redevelopment Properties 844,845  100.0  % 12.7  % 12.7  % 15.4  % 15.3  % $11,470 $11,470 $350,701  23 
Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Investment Carrying Value, Net Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
Alternative Strategy Portfolio
2 Herald Square 95.0 Herald Square Leasehold Interest 369,000  10.0  43.9  43.9  43.9  43.9  $20,094 $19,090 $131,209 4 
5 Times Square 31.6 Times Square Leasehold Interest 1,127,931  30.5  23.3  23.3  23.3  23.3  27,116 8,555 147,126 3 
11 West 34th Street 30.0 Herald Square/Penn Station Fee Interest 17,150  0.5  100.0  100.0  100.0  100.0  3,475 1,043 0 1 
115 Spring Street 51.0 Soho Fee Interest 5,218  0.1  100.0  100.0  100.0  100.0  4,093 2,087 (6,032) 1 
650 Fifth Avenue 50.0 Plaza District Leasehold Interest 69,214  1.9  100.0  100.0  100.0  100.0  41,193 20,596 (72,161) 1 
690 Madison Avenue 100.0 Plaza District Fee Interest 7,848  0.2  100.0  100.0  100.0  100.0  1,505 1,505 (11,256) 1 
1552-1560 Broadway 50.0 Times Square Fee / Leasehold Interest 57,718  1.6  74.8  74.8  88.3  88.3  25,353 12,677 0 2 
Worldwide Plaza 25.0 Westside Fee Interest 2,048,725  55.2  91.8  91.8  91.8  91.8  144,381 36,022 91,746 22 
Total / Weighted Average Alternative Strategy Portfolio Properties 3,702,804  100.0  % 66.1  % 66.1  % 66.3  % 66.3  % $267,210 $101,575 $280,632  35 
(1) Represents the rentable square footage at the time the property was acquired.
(2) Occupancy based on commenced leases.
(3) Occupancy inclusive of leases signed but not yet commenced.
Construction in Progress
Future Equity Development
Equity Contributed Contributions Financing Budget
Building Address Ownership Percentage
Square Feet Interest (%)
TCO (1)
 Leased / Sold Company Partners Company Partners Drawn Available
Total (2)
One Madison 1,385,484 25.5 Q3 2023 64.3% $276,092 $761,157 $— $— $831,301 $418,699 $2,287,249
Giorgio Armani Residences at 760 Madison Avenue 35,926 100.0 Q4 2024 100.0% 128,975 — 28,619 — — — 157,594
Total Construction In Progress $405,067 $761,157 $28,619 $— $831,301 $418,699 $2,444,843
(1) Temporary Certificate of Occupancy.
(2) Includes fees payable to SL Green, as applicable.
Supplemental Information
34
Second Quarter 2024
SELECTED PROPERTY DATA
Retail Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties
Unaudited
(Dollars in Thousands)
slglogo.jpg

Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
HIGH STREET RETAIL - Consolidated Properties
760 Madison Avenue 100.0 Plaza District Fee Interest 22,648  1.8  100.0  100.0  100.0  100.0  $18,362 $18,362 1 
Subtotal / Weighted Average 22,648  1.8  % 100.0  % 100.0  % 100.0  % 100.0  % $18,362 $18,362 1 
HIGH STREET RETAIL - Unconsolidated Properties
85 Fifth Avenue 36.3 Midtown South Fee Interest 12,946  1.0  100.0  100.0  100.0  100.0  $2,500 $907 1 
Subtotal / Weighted Average 12,946  1.0  % 100.0  % 100.0  % 100.0  % 100.0  % $2,500 $907 1 
Total / Weighted Average High Street Retail 35,594  2.8  % 100.0  % 100.0  % 100.0  % 100.0  % $20,862 $19,269 2 
OTHER RETAIL - Consolidated Properties
10 East 53rd Street 55.0 Plaza District Fee Interest 38,657  3.0  100.0  100.0  100.0  100.0  $4,099 $2,255 3 
100 Church Street 100.0 Downtown Fee Interest 61,708  4.8  100.0  100.0  96.2  96.2  4,295 4,295 10 
110 Greene Street 100.0 Soho Fee Interest 16,121  1.2  100.0  100.0  100.0  100.0  4,493 4,493 3 
125 Park Avenue 100.0 Grand Central Fee Interest 32,124  2.5  97.3  97.3  100.0  100.0  4,549 4,549 6 
185 Broadway 100.0 Lower Manhattan Fee Interest 16,413  1.3  100.0  100.0  100.0  100.0  3,449 3,449 4 
304 Park Avenue South 100.0 Midtown South Fee Interest 25,330  2.0  100.0  100.0  100.0  100.0  3,650 3,650 5 
420 Lexington Ave (Graybar) 100.0 Grand Central North Leasehold Interest 54,026  4.2  100.0  100.0  93.6  100.0  5,367 5,367 6 
461 Fifth Avenue 100.0 Midtown Fee Interest 16,149  1.2  10.8  100.0  10.8  10.8  330 330 1 
485 Lexington Avenue 100.0 Grand Central North Fee Interest 41,701  3.2  64.7  64.7  68.5  68.5  3,981 3,981 6 
555 West 57th Street 100.0 Midtown West Fee Interest 53,186  4.1  100.0  100.0  100.0  100.0  3,060 3,060 2 
711 Third Avenue 100.0 Grand Central North Leasehold Interest 25,639  2.0  83.5  83.5  100.0  100.0  2,302 2,302 2 
750 Third Avenue (4) 100.0 Grand Central North Fee Interest 24,827  1.9  47.5  47.5  47.5  47.5  1,787 1,787 5 
810 Seventh Avenue 100.0 Times Square Fee Interest 18,207  1.4  98.6  98.6  98.6  98.6  4,716 4,716 3 
885 Third Avenue 100.0 Midtown / Plaza District Fee / Leasehold Interest 9,140  0.7  100.0  100.0  100.0  100.0  515 515 2 
1185 Avenue of the Americas 100.0 Rockefeller Center Leasehold Interest 58,271  4.5  98.3  98.3  98.3  98.3  5,314 5,314 4 
1350 Avenue of the Americas 100.0 Rockefeller Center Fee Interest 17,797  1.4  100.0  100.0  100.0  100.0  2,650 2,650 6 
Subtotal / Weighted Average 509,296  39.4  % 90.5  % 93.3  % 90.7  % 91.3  % $54,557 $52,713 68 
OTHER RETAIL - Unconsolidated Properties
One Vanderbilt Avenue 71.0 Grand Central Fee Interest 34,885  2.7  100.0  100.0  100.0  100.0  $5,800 $4,119 7 
11 Madison Avenue 60.0 Park Avenue South Fee Interest 38,800  3.0  96.4  96.4  96.4  96.4  3,739 2,243 4 
100 Park Avenue 50.0 Grand Central South Fee Interest 40,022  3.1  91.7  91.7  97.1  97.1  3,016 1,508 6 
220 East 42nd Street 51.0 Grand Central Fee Interest 33,866  2.6  67.1  67.1  67.1  67.1  1,576 804 3 
245 Park Avenue 50.1 Park Avenue Fee Interest 37,220  2.9  50.7  50.7  50.7  50.7  1,162 582 3 
280 Park Avenue 50.0 Park Avenue Fee Interest 28,219  2.2  93.9  93.9  93.9  93.9  1,432 716 2 
450 Park Avenue 25.1 Park Avenue Fee Interest 6,317  0.5  100.0  100.0  100.0  100.0  1,709 429 1 
800 Third Avenue 60.5 Grand Central North Fee Interest 9,900  0.8  28.3  100.0  28.3  28.3  400 242 1 
919 Third Avenue 51.0 Grand Central North Fee Interest 31,004  2.4  98.9  98.9  98.9  98.9  3,920 1,999 4 
1515 Broadway 56.9 Times Square Fee Interest 182,011  14.0  99.8  99.8  99.8  99.8  31,474 17,909 7 
Subtotal / Weighted Average 442,244  34.2  % 90.1  % 91.7  % 90.6  % 90.6  % $54,228 $30,551 38 
Total / Weighted Average Other Retail 951,540  73.6  % 90.3  % 92.6  % 90.6  % 91.0  % $108,785 $83,264 106 
(1) Represents the rentable square footage at the time the property was acquired.
(2) Occupancy based on commenced leases.
(3) Occupancy inclusive of leases signed but not yet commenced.
(4) Redevelopment properties.
Supplemental Information
35
Second Quarter 2024
SELECTED PROPERTY DATA - CONTINUED
Retail Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties
Unaudited
(Dollars in Thousands)
slglogo.jpg

Ownership % of Total June 30, 2024 March 31, 2024 Annualized Contractual
Cash Rent		 Total Tenants
Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet %
Occupied (2)		 %
Leased (3)		 %
Occupied (2)		 %
Leased (3)		 ($'s) SLG Share ($'s)
ALTERNATIVE STRATEGY PORTFOLIO - Consolidated Properties
690 Madison Avenue 100.0 Plaza District Fee Interest 7,944  0.6  100.0  100.0  100.0  100.0  $1,505 $1,505 1 
Subtotal / Weighted Average 7,944  0.6  % 100.0  % 100.0  % 100.0  % 100.0  % $1,505 $1,505 1 
ALTERNATIVE STRATEGY PORTFOLIO - Unconsolidated Properties
2 Herald Square (4) 95.0 Herald Square Leasehold Interest 94,531  7.3  40.6  40.6  40.6  40.6  $9,661 $9,178 3 
5 Times Square (4) 31.6 Times Square Leasehold Interest 42,934  3.3  56.9  56.9  56.9  56.9  4,260 1,344 2 
11 West 34th Street 30.0 Herald Square/Penn Station Fee Interest 17,150  1.3  100.0  100.0  100.0  100.0  3,475 1,043 1 
115 Spring Street 51.0 Soho Fee Interest 5,218  0.4  100.0  100.0  100.0  100.0  4,093 2,087 1 
650 Fifth Avenue 50.0 Plaza District Leasehold Interest 69,214  5.4  100.0  100.0  100.0  100.0  41,193 20,596 1 
1552-1560 Broadway 50.0 Times Square Fee / Leasehold Interest 57,718  4.5  74.8  74.8  88.3  88.3  25,353 12,677 2 
Worldwide Plaza 25.0 Westside Fee Interest 10,592  (5) 0.8  84.9  84.9  84.9  84.9  1,227 306 7 
Subtotal / Weighted Average 297,357  23.0  % 69.5  % 69.5  % 72.1  % 72.1  % $89,262 $47,231 17 
Total / Weighted Average Alternative Strategy Portfolio 305,301  23.6  % 70.3  % 70.3  % 72.8  % 72.8  % $90,767 $48,736 18 
Retail Grand Total / Weighted Average 1,292,435  100.0  % 85.8  % 87.5  % 86.7  % 86.9  % $220,414 $151,269 126 
(1) Represents the rentable square footage at the time the property was acquired.
(2) Occupancy based on commenced leases.
(3) Occupancy inclusive of leases signed but not yet commenced.
(4) Redevelopment properties.
(5) Excludes the theatre, parking garage, fitness gym and other amenity space totaling 241,371 square feet.

Supplemental Information
36
Second Quarter 2024
LARGEST TENANTS BY SLG SHARE OF ANNUALIZED CASH RENT

Unaudited
(Dollars in Thousands Except Per SF)
slglogo.jpg

Ownership Interest % Lease Expiration (1)   Total Rentable Square Feet   Annualized Contractual Cash Rent ($) SLG Share of Annualized Contractual Cash Rent ($)
% of SLG Share of Annualized Contractual Cash Rent (2)
 Annualized Contractual Rent PSF
Investment Grade Credit Rating (3)
Tenant Name Property
Paramount Global 1515 Broadway 56.9 Jun 2031 1,603,121  $106,334 $60,504 4.5% $66.33
555 West 57th Street 100.0 Apr 2029 186,266  10,790 10,790 0.8 57.93 
1515 Broadway 56.9 Mar 2028 9,106  2,166 1,232 0.1 237.84 
Worldwide Plaza 25.0 Jan 2027 32,598  2,480 619 — 76.08 
1,831,091  $121,770 $73,145 5.4% $66.50 BBB-
Credit Suisse (USA), Inc. 11 Madison Avenue 60.0 May 2037 1,184,762  $76,557 $45,934 3.4% $64.62 A+
Sony Corporation 11 Madison Avenue 60.0 Jan 2031 578,791  $51,291 $30,774 2.3% $88.62 A
TD Bank US Holding Company One Vanderbilt Avenue 71.0 Jul 2041 193,159  $25,988 $18,454 1.4% $134.54
One Vanderbilt Avenue 71.0 Aug 2041 6,843  3,234 2,296 0.2 472.58 
125 Park Avenue 100.0 Oct 2025 6,234  2,028 2,028 0.1 325.39 
125 Park Avenue 100.0 Oct 2030 26,536  1,838 1,838 0.1 69.26 
125 Park Avenue 100.0 Mar 2034 25,171  1,611 1,612 0.1 64.00 
257,943  $34,699 $26,228 1.9% $134.52 AA-
Bloomberg L.P. 919 Third Avenue 51.0 Feb 2029 749,216  $50,141 $25,572 1.9% $66.92
Societe Generale 245 Park Avenue 50.1 Oct 2032 520,831  $50,678 $25,390 1.9% $97.30 A
Carlyle Investment Management LLC One Vanderbilt Avenue 71.0 Sep 2036 194,702  $34,509 $24,505 1.8% $177.24 A-
McDermott Will & Emery LLP One Vanderbilt Avenue 71.0 Dec 2042 169,586  $31,692 $22,504 1.7% $186.88
420 Lexington Avenue 100.0 Oct 2026 10,043  622 622 — 61.92
179,629  $32,314 $23,126 1.7% $179.89
The City of New York 100 Church Street 100.0 Mar 2034 510,007  $22,398 $22,398 1.7% $43.92 Aa2
King & Spalding 1185 Avenue of the Americas 100.0 Oct 2025 218,275  $21,068 $21,068 1.6% $96.52
Nike Retail Services, Inc. 650 Fifth Avenue 50.0 Jan 2033 69,214  $41,193 $20,596 1.5% $595.15 AA-
Metro-North Commuter Railroad Company 420 Lexington Avenue 100.0 Nov 2034 344,873  $20,113 $20,113 1.5% $58.32
420 Lexington Avenue 100.0 Jan 2027 7,537  448 448 — 59.48
352,410  $20,561 $20,561 1.5% $58.34 (4) A3
WME IMG, LLC 304 Park Avenue 100.0 Apr 2028 174,069  $13,630 $13,630 1.0% $78.30
11 Madison Avenue 60.0 Sep 2030 104,618  10,561 6,337 0.5 100.95
278,687  $24,191 $19,967 1.5% $86.80
The Toronto Dominion Bank One Vanderbilt Avenue 71.0 Apr 2042 142,892  $20,961 $14,884 1.1% $146.69
125 Park Avenue 100.0 Apr 2042 52,450  3,588 3,588 0.3 68.41
195,342  $24,549 $18,472 1.4% $125.67 AA-
Giorgio Armani Corporation 760 Madison Avenue 100.0 Oct 2038 22,648  $18,362 $18,362 1.4% $810.76
Cravath, Swaine & Moore LLP Worldwide Plaza 25.0 Aug 2024 617,135  $69,388 $17,312 1.3% $112.44
Stone Ridge Holdings Group LP One Vanderbilt Avenue 71.0 Dec 2037 97,652  $22,974 $16,314 1.2% $235.27
Hess Corp 1185 Avenue of the Americas 100.0 Dec 2027 167,169  $15,487 $15,488 1.1% $92.64 BBB-
BMW of Manhattan, Inc. 555 West 57th Street 100.0 Jul 2032 226,556  $12,990 $12,991 1.0% $57.34 A
PJT Partners Holdings LP 280 Park Avenue 50.0 Jun 2041 220,280  $25,857 $12,929 1.0% $117.38
Total 8,472,340  $770,977 $491,132 36.5% $91.00
(1) Expiration of current lease term and does not reflect extension options.
(2) SLG Share of Annualized Cash Rent includes Manhattan, Suburban, Retail, Residential and Development / Redevelopment properties.
(3) Corporate or bond rating from S&P, Fitch or Moody's.
(4) Tenant pays rent on a net basis. Rent PSF reflects gross equivalent.
Supplemental Information
37
Second Quarter 2024
MANHATTAN TENANT DIVERSIFICATION

Unaudited
slglogo.jpg
chart-db2835ec0eb6416aac2.jpgchart-e8fb75a8fdde4523889.jpg


(1) Excluding residential tenants.
Supplemental Information
38
Second Quarter 2024
LEASING ACTIVITY - MANHATTAN OPERATING PROPERTIES
Available Space
Unaudited
slglogo.jpg

Activity Building Address # of Leases Square Feet (1) Rentable SF Escalated
Rent/Rentable SF ($'s)(2)
Available Space at 3/31/24 3,269,814 
Space which became available during the Quarter (3):
Office
One Vanderbilt Avenue 1  6,708  6,454  $248.68 
10 East 53rd Street 2  11,974  14,425  77.06 
100 Park Avenue 1  4,932  5,569  88.52 
110 Greene Street 2  6,324  6,297  88.32 
220 East 42nd Street 1  2,495  2,753  76.19 
280 Park Avenue 2  72,505  78,398  130.84 
420 Lexington Avenue 9  21,576  27,871  65.83 
450 Park Avenue 1  10,790  10,790  137.12 
800 Third Avenue 1  4,531  4,627  74.46 
885 Third Avenue 1  3,148  3,148  86.55 
Total/Weighted Average 21  144,983  160,332  $113.29 
Retail
100 Park Avenue 1  1,611  2,164  $78.35 
125 Park Avenue 1  815  871  228.32 
280 Park Avenue 1  1,925  1,927  171.06 
485 Lexington Avenue 1  1,571  1,612  324.45 
711 Third Avenue 1  4,039  4,230  276.17 
Total/Weighted Average 5  9,961  10,804  $221.15 
420 Lexington Avenue 1  288  344  $25.00 
Total/Weighted Average 1  288  344  $25.00 
Total Space which became available during the Quarter
Office 21  144,983  160,332  $113.29 
Retail 5  9,961  10,804  $221.15 
Storage 1  288  344  $25.00 
27  155,232  171,480  $119.91 
Total Available Space 3,425,046 
(1) Represents the rentable square footage at the time the property was acquired.
(2) Escalated cash rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment, excluding concessions.
(3) Includes expiring space, relocating tenants and move-outs where tenants vacated. Excludes lease expirations where tenants heldover.
Supplemental Information
39
Second Quarter 2024
LEASING ACTIVITY - MANHATTAN OPERATING PROPERTIES
Commenced Leasing
Unaudited
slglogo.jpg
Activity Building Address # of Leases Term (Yrs) Square Feet (1) Rentable SF New Cash Rent / Rentable SF(2) Prev. Escalated Rent/ Rentable SF(3) TI / Rentable SF Free Rent
# of Months
Available Space 3,425,046 
Office
One Vanderbilt Avenue 2  13.5 32,734  32,622  $216.15  $—  $136.85  7.8 
10 East 53rd Street 1  5.5 5,493  6,716  80.00  79.89  28.76  6.0 
100 Park Avenue 2  3.9 25,564  24,224  73.44  85.65  —  0.7 
110 Greene Street 4  4.3 8,209  8,209  84.97  89.19  5.94  5.3 
125 Park Avenue 2  10.6 4,374  4,599  66.00  63.69  102.45  7.0 
220 East 42nd Street 1  7.8 2,495  2,753  55.00  76.19  2.50  10.0 
245 Park Avenue 1  16.4 77,783  76,716  130.00  —  160.00  17.0 
280 Park Avenue 2  16.6 118,536  128,408  112.26  116.54  141.94  11.5 
420 Lexington Avenue 8  5.2 12,952  17,085  59.48  71.52  85.57  4.0 
450 Park Avenue 1  14.1 10,778  10,820  146.00  —  200.00  12.0 
461 Fifth Avenue 1  5.5 6,516  6,933  90.00  —  24.98  6.0 
485 Lexington Avenue 2  6.4 6,995  7,912  53.96  —  47.29  5.7 
800 Third Avenue 1  5.0 4,622  4,855  60.00  80.93  110.00  7.0 
810 Seventh Avenue 4  5.4 24,144  26,265  57.65  69.25  27.79  5.5 
885 Third Avenue 1  3.3 3,392  3,392  73.00  —  165.14  3.5 
Total/Weighted Average 33  12.7 344,587  361,509  $112.33  $108.08  $115.30  10.1 
Retail
100 Church Street 1  10.5 2,315  2,315  $93.30  $—  $79.91  6.0 
280 Park Avenue 1  10.5 1,925  2,133  56.26  154.54  70.32  6.0 
420 Lexington Avenue 1  15.8 3,016  3,432  157.34  —  116.55  10.0 
Total/Weighted Average 3  12.8 7,256  7,880  $111.17  $154.54  $93.27  7.7 
 Leased Space
Office (4) 33  12.7 344,587  361,509  $112.33  $108.08  $115.30  10.1 
Retail 3  12.8 7,256  7,880  $111.17  $154.54  $93.27  7.7 
Total 36  12.7 351,843  369,389  $112.30  $108.67  $114.83  10.1 
Total Available Space as of 6/30/24 3,073,203 
Early Renewals
Office
10 East 53rd Street 1  3.3 3,667  3,915  $120.69  $120.69  $28.90  3.0 
110 Greene Street 1  3.3 1,296  1,296  82.00  80.92  —  3.0 
420 Lexington Avenue 2  3.4 3,080  4,489  67.98  71.78  0.13  — 
810 Seventh Avenue 2  8.5 23,279  26,018  66.35  68.50  39.55  12.0 
1350 Avenue of the Americas 3  2.2 8,626  9,977  71.21  73.30  —  1.9 
Total/Weighted Average 9  6.0 39,948  45,695  $72.67  $74.69  $25.01  7.6 
Retail — 
304 Park Avenue South 1  5.0 1,300  1,300  $203.08 $195.39 $—  — 
810 Seventh Avenue 1  5.0 4,803  4,718  365.62 430.57 —  — 
Total/Weighted Average 2  5.0 6,103  6,018  $330.51  $379.77  $—  — 
Renewals
Early Renewals Office 9  6.0 39,948  45,695  $72.67  $74.69  $25.01  7.6 
Early Renewals Retail 2  5.0 6,103  6,018  $330.51 $379.77 —  — 
Total 11  5.9 46,051  51,713  $102.68 $110.19  $22.10  6.7 
(1) Represents the rentable square footage at the time the property was acquired.
(2) Annual initial base rent.
(3) Escalated cash rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment, excluding concessions.
(4) Average starting office rent excluding new tenants replacing vacancies is $103.45/rsf for 165,556 rentable SF.
     Average starting office rent for office space (leased and early renewals, excluding new tenants replacing vacancies) is $96.79/rsf for 211,251 rentable SF.
Supplemental Information
40
Second Quarter 2024
LEASE EXPIRATIONS - MANHATTAN OPERATING PROPERTIES
Office, Retail and Storage Leases
Unaudited
slglogo.jpg

Year of Lease Expiration Number of Expiring Leases (1) Rentable Square Footage of Expiring Leases SLG Share
Rentable Square Footage of Expiring Leases		 Percentage of Total
Sq. Ft.		 Annualized Contractual Cash Rent of Expiring Leases SLG Share
Annualized Contractual Cash Rent of Expiring Leases		 Annualized Contractual Cash Rent Per Square Foot of Expiring Leases $/psf (2) Current Weighted Average Asking Rent $/psf (3)
Wholly-Owned and Consolidated JV Properties
2nd Quarter 2024 (4) 7  11,059  11,059  0.1  % $677,701 $677,701 $61.28  $53.86 
3rd Quarter 2024 9  96,139  96,139  1.2  % 3,149,191 3,149,191 32.76 32.94
4th Quarter 2024 22  301,176  293,801.85  3.8  % 19,173,722 18,443,511 63.66 59.18
Total 2024 38  408,374  401,000  5.1  % $23,000,614 $22,270,403 $56.32  $52.86 
2025 78  728,232  716,848  9.4  % $58,102,169 $57,196,424 $79.79 $67.98
2026 65  827,346  806,589  10.4  % 58,629,317 56,555,625 70.86 66.61
2027 67  704,595  691,945  8.8  % 57,040,680  55,737,066  80.96  65.62 
2028 60  690,352  675,904  8.7  % 50,995,132  49,482,645  73.87  69.09 
2029 53  687,179  676,333  8.6  % 46,212,603  45,225,111  67.25  61.86 
2030 34  863,423  826,108  10.8  % 62,591,151  59,771,689  72.49  68.03 
2031 21  338,295  332,071  4.2  % 24,756,151  24,183,809  73.18  68.52 
2032 19  717,471  702,705  9.0  % 44,119,144  42,986,277  61.49  55.25 
2033 18  274,393  258,804  3.4  % 22,741,616  21,177,921  82.88  77.73 
Thereafter 58  1,723,905  1,709,432  21.6  % 104,013,110  102,634,937  60.34  53.46 
Grand Total 511  7,963,565  7,797,739  100.0  % $552,201,687 $537,221,907 $69.34  $62.50 
Unconsolidated JV Properties
2nd Quarter 2024 (4) 1  11,044  5,522  0.1  % $1,071,597 $535,798 $97.03  $70.00 
3rd Quarter 2024 2  6,808  3,502.187  0.1  % 510,581 256,947 75.00 58.89
4th Quarter 2024 4  21,058  11,180  0.1  % 1,877,784 992,674 89.17 79.53
Total 2024 7  38,910  20,204  0.3  % $3,459,962 $1,785,419 $88.92  $73.21 
2025 19  304,591  171,697  2.6  % $31,020,458 $17,481,731 $101.84 $86.01
2026 32  659,372  331,908  5.7  % 78,574,424 39,481,948 119.17 111.13
2027 25  322,555  150,591  2.8  % 40,298,209  19,193,520  124.93  124.42 
2028 24  274,151  155,715  2.4  % 32,196,134  18,603,671  117.44  119.78 
2029 16  880,303  448,624  7.6  % 64,231,246  32,545,480  72.96  79.16 
2030 16  349,987  198,894  3.0  % 39,294,154  22,215,858  112.27  91.62 
2031 21  2,783,989  1,559,796  24.1  % 209,651,496  116,896,903  75.31  77.57 
2032 13  986,280  506,881  8.5  % 89,456,277  46,187,789  90.70  100.20 
2033 10  199,200  120,317  1.7  % 25,342,471  16,180,580  127.22  129.76 
Thereafter 59  4,773,930  2,809,418  41.3  % 495,491,233  306,491,554  103.79  113.94 
Grand Total 242  11,573,268  6,474,045  100.0  % $1,109,016,064 $637,064,453 $95.83  $100.37 
(1) Tenants may have multiple leases.
(2) Represents in place annualized contractual cash rent allocated by year of expiration.
(3) Management's estimate of average asking rents for currently occupied space as of June 30, 2024. Taking rents are typically lower than asking rents and may vary from property to property.
(4) Includes month to month holdover tenants that expired prior to June 30, 2024.
Supplemental Information
41
Second Quarter 2024
LEASE EXPIRATIONS
Retail Leases Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties
Wholly-Owned and Consolidated JV's
Unaudited
slglogo.jpg

Year of Lease Expiration Number of Expiring Leases (1) Rentable Square Footage of Expiring Leases SLG Share
Rentable Square Footage of Expiring Leases		 Percentage of Total
Sq. Ft.		 Annualized Contractual Cash Rent of Expiring Leases SLG Share
Annualized Contractual Cash Rent of Expiring Leases		 Annualized Contractual Cash Rent Per Square Foot of Expiring Leases $/psf (2) Current Weighted Average Asking Rent $/psf (3)
High Street Retail
2024 (4) —  —  —  —  % $—  $—  $—  $— 
2025  —  —  —  —  % —  —  —  — 
2026  —  —  —  —  % —  —  —  — 
2027  —  —  —  —  % —  —  —  — 
2028  —  —  —  —  % —  —  —  — 
2029  —  —  —  —  % —  —  —  — 
2030  —  —  —  —  % —  —  —  — 
2031  —  —  —  —  % —  —  —  — 
2032  —  —  —  —  % —  —  —  — 
2033  —  —  —  —  % —  —  —  — 
Thereafter 1  22,648  22,648  100.0  % 18,362,136  18,362,136  810.76  511.93 
1  22,648  22,648  100.0  % $18,362,136  $18,362,136  $810.76  $511.93 
Vacancy (5) —  $0.00
Grand Total 22,648  $511.93 
Other Retail
2024 (4) 1  430  430  0.1  % $12,096  $12,096  $28.13  $60.00 
2025  2  14,197  14,197  3.0  % 2,507,581  2,507,581  176.63  174.38 
2026  4  10,104  10,104  2.2  % 1,124,978  1,124,978  111.34  91.11 
2027  6  30,531  29,475  6.5  % 4,840,630  4,660,761  158.55  99.69 
2028  4  11,393  9,526  2.4  % 1,944,987  1,658,351  170.72  127.98 
2029  4  27,702  27,702  5.9  % 2,508,992  2,508,992  90.57  86.47 
2030  6  52,462  52,462  11.2  % 8,970,650  8,970,650  170.99  119.76 
2031  3  7,343  7,343  1.6  % 1,154,205  1,154,205  157.18  116.74 
2032  7  71,237  71,237  15.2  % 5,972,269  5,972,269  83.84  73.43 
2033  7  63,848  63,848  13.6  % 8,408,615  8,408,615  131.70  115.56 
Thereafter 24  179,311  164,838  38.3  % 17,112,228  15,734,055  95.43  71.82 
68  468,558  451,162  100.0  % $54,557,231  $52,712,553  $116.44  $91.66 
Vacancy (5) 47,946  $76.22
Grand Total 516,504  $90.22 
Alternative Strategy Portfolio
2024 (4) —  —  —  —  % $—  $—  $—  $— 
2025  —  —  —  —  % —  —  —  — 
2026  —  —  —  —  % —  —  —  — 
2027  —  —  —  —  % —  —  —  — 
2028  —  —  —  —  % —  —  —  — 
2029  —  —  —  —  % —  —  —  — 
2030  —  —  —  —  % —  —  —  — 
2031  —  —  —  —  % —  —  —  — 
2032  —  —  —  —  % —  —  —  — 
2033  1  7,944  7,944  100.0  % 1,504,764  1,504,764  189.42  394.65 
Thereafter —  —  —  —  % —  —  —  — 
1  7,944  7,944  100.0  % $1,504,764  $1,504,764  $189.42  $394.65 
Vacancy (5) —  $0.00
Grand Total 7,944  $394.65 
(1) Tenants may have multiple leases.
(2) Represents in place annualized contractual cash rent allocated by year of expiration.
(3) Management's estimate of average asking rents for currently occupied space as of June 30, 2024. Taking rents are typically lower than asking rents and may vary from property to property.
(4) Includes month to month holdover tenants that expired prior to June 30, 2024.
(5) Includes square footage of leases signed but not yet commenced.

Supplemental Information
42
Second Quarter 2024
LEASE EXPIRATIONS
Retail Leases Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties
Unconsolidated JV's
Unaudited
slglogo.jpg
Year of Lease Expiration Number of Expiring Leases (1) Rentable Square Footage of Expiring Leases SLG Share
Rentable Square Footage of Expiring Leases		 Percentage of Total
Sq. Ft.		 Annualized Contractual Cash Rent of Expiring Leases SLG Share
Annualized Contractual Cash Rent of Expiring Leases		 Annualized Contractual Cash Rent Per Square Foot of Expiring Leases $/psf (2) Current Weighted Average Asking Rent $/psf (3)
High Street Retail
2024 (4) —  —  —  —  % $—  $—  $—  $— 
2025  —  —  —  —  % —  —  —  — 
2026  —  —  —  —  % —  —  —  — 
2027  —  —  —  —  % —  —  —  — 
2028  —  —  —  —  % —  —  —  — 
2029  —  —  —  —  % —  —  —  — 
2030  —  —  —  —  % —  —  —  — 
2031  —  —  —  —  % —  —  —  — 
2032  —  —  —  —  % —  —  —  — 
2033  —  —  —  —  % —  —  —  — 
Thereafter 1  13,092  4,748  100.0  % 2,499,996  906,749  190.96  160.40 
1  13,092  4,748  100.0  % $2,499,996  $906,749  $190.96  $160.40 
Vacancy (5) —  $0.00
Grand Total 13,092  $160.40 
Other Retail
2024 (4) —  —  —  —  % $—  $—  $—  $— 
2025  —  —  —  —  % —  —  —  — 
2026  3  20,560  11,166  5.2  % 10,629,075  5,970,694  516.98  346.81 
2027  3  19,225  10,145  4.9  % 11,181,679  6,303,510  581.62  460.98 
2028  3  22,872  12,064  5.8  % 3,387,901  1,843,386  148.12  160.14 
2029  5  61,747  31,614  15.6  % 6,311,336  2,968,346  102.21  83.43 
2030  2  11,970  6,811  3.0  % 6,927,167  3,941,558  578.71  304.49 
2031  4  13,215  6,905  3.3  % 1,529,694  844,044  115.75  99.57 
2032  2  18,864  9,499  4.8  % 1,292,263  652,062  68.50  114.93 
2033  2  4,721  2,429  1.2  % 572,656  293,529  121.30  148.09 
Thereafter 14  221,815  129,785  56.2  % 12,396,126  7,733,482  55.88  64.72 
38  394,989  220,418  100.0  % $54,227,897  $30,550,611  $137.29  $118.97 
Vacancy (5) 47,760  $169.82
Grand Total 442,749  $124.45 
Alternative Strategy Portfolio
2024 (4) 2  17,758  5,518  8.9  % $1,979,574  $616,664  $111.48  $148.83 
2025  —  —  —  —  % —  —  —  — 
2026  3  17,869  6,381  9.0  % 7,641,362  3,148,207  427.63  261.69 
2027  1  1,685  420  0.8  % 445,327  111,109  264.29  175.00 
2028  1  1,819  454  0.9  % 207,732  51,829  114.20  99.91 
2029  3  32,599  16,524  16.4  % 23,952,029  12,171,519  734.75  375.71 
2030  —  —  —  —  % —  —  —  — 
2031  2  23,536  21,077  11.8  % 7,358,398  6,856,285  312.64  290.32 
2032  —  —  —  —  % —  —  —  — 
2033  1  16,343  15,526  8.2  % 2,001,188  1,901,129  122.45  122.38 
Thereafter 4  87,456  41,785  44.0  % 45,676,646  22,374,481  522.28  459.16 
17  199,065  107,685  100.0  % $89,262,256  $47,231,223  $448.41  $346.79 
Vacancy (5) 81,216  $363.45
Grand Total 280,281  $351.62 
(1) Tenants may have multiple leases.
(2) Represents in place annualized contractual cash rent allocated by year of expiration.
(3) Management's estimate of average asking rents for currently occupied space as of June 30, 2024. Taking rents are typically lower than asking rents and may vary from property to property.
(4) Includes month to month holdover tenants that expired prior to June 30, 2024.
(5) Includes square footage of leases signed but not yet commenced.
Supplemental Information
43
Second Quarter 2024
SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY
Manhattan Office
Unaudited
(Dollars in Thousands)
slglogo.jpg
Gross Asset Occupancy (%)
Property Submarket Interest Acquired Type of Ownership Net Rentable SF Valuation ($'s) at acquisition 6/30/2024
2001 - 2024 Acquisitions
Jun-01 317 Madison Avenue Grand Central 100.0% Fee Interest 450,000  $ 105,600  95.0 N/A
Sep-01 1250 Broadway Penn Station 49.9 Fee Interest 670,000  126,500  97.7 N/A
May-02 1515 Broadway Times Square 55.0 Fee Interest 1,750,000  483,500  98.0 99.7
Feb-03 220 East 42nd Street Grand Central 100.0 Fee Interest 1,135,000  265,000  91.9 88.4
Mar-03 125 Broad Street Downtown 100.0 Fee Interest 525,000  92,000  100.0 N/A
Oct-03 461 Fifth Avenue Midtown 100.0 Leasehold Interest 200,000  60,900  93.9 80.1
Dec-03 1221 Avenue of the Americas Rockefeller Center 45.0 Fee Interest 2,550,000  1,000,000  98.8 N/A
Mar-04 19 West 44th Street Midtown 35.0 Fee Interest 292,000  67,000  86.0 N/A
Jul-04 750 Third Avenue Grand Central 100.0 Fee Interest 779,000  255,000  100.0 11.4
Jul-04 485 Lexington Avenue Grand Central 30.0 Fee Interest 921,000  225,000  100.0 76.4
Oct-04 625 Madison Avenue Plaza District 100.0 Leasehold Interest 563,000  231,500  68.0 13.3
Feb-05 28 West 44th Street Midtown 100.0 Fee Interest 359,000  105,000  87.0 N/A
Apr-05 1 Madison Avenue Park Avenue South 55.0 Fee Interest 1,177,000  803,000  96.0 34.2
Apr-05 5 Madison Avenue Clock Tower Park Avenue South 100.0 Fee Interest 267,000  115,000  N/A N/A
Jun-05 19 West 44th Street Midtown 65.0 Fee Interest —  91,200  92.2 N/A
Mar-06 521 Fifth Avenue Midtown 100.0 Leasehold Interest 460,000  210,000  97.0 N/A
Jun-06 609 Fifth Avenue Midtown 100.0 Fee Interest 160,000  182,000  98.5 N/A
Dec-06 485 Lexington Avenue Grand Central 70.0 Fee Interest —  578,000  90.5 76.4
Dec-06 800 Third Avenue Grand Central North 43.0 Fee Interest 526,000  285,000  96.9 83.1
Jan-07 Reckson - NYC Portfolio Various 100.0 Fee Interests / Leasehold Interest 5,612,000  3,679,530  98.3 77.3
Apr-07 331 Madison Avenue Grand Central 100.0 Fee Interest 114,900  73,000  97.6 N/A
Apr-07 1745 Broadway Midtown 32.3 Leasehold Interest 674,000  520,000  100.0 N/A
Jun-07 333 West 34th Street Penn Station 100.0 Fee Interest 345,400  183,000  100.0 N/A
Aug-07 1 Madison Avenue Park Avenue South 45.0 Fee Interest 1,177,000  1,000,000  99.8 N/A
Dec-07 388 & 390 Greenwich Street Downtown 50.6 Fee Interest 2,635,000  1,575,000  100.0 N/A
Jan-10 100 Church Street Downtown 100.0 Fee Interest 1,047,500  181,600  41.3 93.1
May-10 600 Lexington Avenue Grand Central North 55.0 Fee Interest 303,515  193,000  93.6 N/A
Aug-10 125 Park Avenue Grand Central 100.0 Fee Interest 604,245  330,000  99.1 99.9
Jan-11 521 Fifth Avenue Midtown 49.9 Leasehold Interest 460,000  245,700  80.7 N/A
Apr-11 1515 Broadway Times Square 45.0 Fee Interest 1,750,000  1,210,000  98.5 99.7
May-11 110 East 42nd Street Grand Central 100.0 Fee Interest 205,000  85,570  72.6 N/A
May-11 280 Park Avenue Park Avenue 49.5 Fee Interest 1,219,158  1,110,000  78.2 85.9
Nov-11 180 Maiden Lane Financial East 49.9 Fee Interest 1,090,000  425,680  97.7 N/A
Nov-11 51 East 42nd Street Grand Central 100.0 Fee Interest 142,000  80,000  95.5 N/A
Feb-12 10 East 53rd Street Plaza District 55.0 Fee Interest 354,300  252,500  91.9 96.3
Jun-12 304 Park Avenue South Midtown South 100.0 Fee Interest 215,000  135,000  95.8 100.0
Sep-12 641 Sixth Avenue Midtown South 100.0 Fee Interest 163,000  90,000  92.1 N/A
Dec-12 315 West 36th Street Times Square South 35.5 Fee Interest 147,619  46,000  99.2 N/A
May-14 388 & 390 Greenwich Street Downtown 49.4 Fee Interest 2,635,000  1,585,000  100.0 N/A
Jul-15 110 Greene Street Soho 90.0 Fee Interest 223,600  255,000  84.0 91.8
Aug-15 30 East 40th Street Grand Central South 60.0 Leasehold Interest 69,446  4,650  100.0 N/A
Aug-15 11 Madison Avenue Park Avenue South 100.0 Fee Interest 2,314,000  2,285,000  71.6 96.2
Dec-15 600 Lexington Avenue Grand Central North 45.0 Fee Interest 303,515  284,000  95.5 N/A
Oct-17 Worldwide Plaza Westside 24.4 Fee Interest 2,048,725  1,725,000  100.0 91.8
May-18 2 Herald Square Herald Square 100.0 Leasehold Interest 369,000  266,000  81.6 43.9
May-19 110 Greene Street Soho 10.0 Fee Interest 223,600  256,500  93.3 91.8
Jul-20 885 Third Avenue Midtown / Plaza District 100.0 Fee / Leasehold Interest 625,300  387,932  94.8 73.1
Oct-20 590 Fifth Avenue Midtown 100.0 Fee Interest 103,300  107,200  90.0 N/A
Jun-22 450 Park Avenue Park Avenue 25.1 Fee Interest 337,000  445,000  79.8 82.9
Sep-22 245 Park Avenue Park Avenue 100.0 Fee Interest 1,782,793  1,960,000  91.8 76.8
42,078,916  $ 26,258,062 

Supplemental Information
44
Second Quarter 2024
SUMMARY OF REAL ESTATE DISPOSITION ACTIVITY
Manhattan Office
Unaudited
(Dollars in Thousands)
slglogo.jpg

Gross Asset Valuation
Property Submarket Interest Sold Type of Ownership Net Rentable SF ($'s) ($'s/SF)
2001 - 2024 Dispositions
Jan-01 633 Third Ave Grand Central North 100.0% Fee Interest 40,623  $ 13,250  $ 326 
May-01 1 Park Ave Grand Central South 45.0 Fee Interest 913,000  233,900  256 
Jun-01 1412 Broadway Times Square South 100.0 Fee Interest 389,000  90,700  233 
Jul-01 110 East 42nd Street Grand Central 100.0 Fee Interest 69,700  14,500  208 
Sep-01 1250 Broadway Penn Station 45.0 Fee Interest 670,000  126,500  189 
Jun-02 469 Seventh Avenue Penn Station 100.0 Fee Interest 253,000  53,100  210 
Mar-03 50 West 23rd Street Chelsea 100.0 Fee Interest 333,000  66,000  198 
Jul-03 1370 Broadway Times Square South 100.0 Fee Interest 255,000  58,500  229 
Dec-03 321 West 44th Street Times Square 100.0 Fee Interest 203,000  35,000  172 
May-04 1 Park Avenue Grand Central South 75.0 Fee Interest 913,000  318,500  349 
Oct-04 17 Battery Place North Financial 100.0 Fee Interest 419,000  70,000  167 
Nov-04 1466 Broadway Times Square 100.0 Fee Interest 289,000  160,000  554 
Apr-05 1414 Avenue of the Americas Plaza District 100.0 Fee Interest 111,000  60,500  545 
Aug-05 180 Madison Avenue Grand Central 100.0 Fee Interest 265,000  92,700  350 
Jul-06 286 & 290 Madison Avenue Grand Central 100.0 Fee Interest 149,000  63,000  423 
Aug-06 1140 Avenue of the Americas Rockefeller Center 100.0 Leasehold Interest 191,000  97,500  510 
Dec-06 521 Fifth Avenue Grand Central 50.0 Leasehold Interest 460,000  240,000  522 
Mar-07 1 Park Avenue Grand Central South 100.0 Fee Interest 913,000  550,000  602 
Mar-07 70 West 36th Street Garment 100.0 Fee Interest 151,000  61,500  407 
Jun-07 110 East 42nd Street Grand Central North 100.0 Fee Interest 181,000  111,500  616 
Jun-07 125 Broad Street Downtown 100.0 Fee Interest 525,000  273,000  520 
Jun-07 5 Madison Clock Tower Park Avenue South 100.0 Fee Interest 267,000  200,000  749 
Jul-07 292 Madison Avenue Grand Central South 100.0 Fee Interest 187,000  140,000  749 
Jul-07 1372 Broadway Penn Station/Garment 85.0 Fee Interest 508,000  335,000  659 
Nov-07 470 Park Avenue South Park Avenue South/Flatiron 100.0 Fee Interest 260,000  157,000  604 
Jan-08 440 Ninth Avenue Penn Station 100.0 Fee Interest 339,000  160,000  472 
May-08 1250 Broadway Penn Station 100.0 Fee Interest 670,000  310,000  463 
Oct-08 1372 Broadway Penn Station/Garment 15.0 Fee Interest 508,000  274,000  539 
May-10 1221 Avenue of the Americas Rockefeller Center 45.0 Fee Interest 2,550,000  1,280,000  502 
Sep-10 19 West 44th Street Midtown 100.0 Fee Interest 292,000  123,150  422 
May-11 28 West 44th Street Midtown 100.0 Fee Interest 359,000  161,000  448 
Aug-13 333 West 34th Street Penn Station 100.0 Fee Interest 345,400  220,250  638 
May-14 673 First Avenue Grand Central South 100.0 Leasehold Interest 422,000  145,000  344 
Sep-15 120 West 45th Street Midtown 100.0 Fee Interest 440,000  365,000  830 
Sep-15 315 West 36th Street Times Square South 100.0 Fee Interest 148,000  115,000  777 
Jun-16 388 & 390 Greenwich Street Downtown 100.0 Fee Interest 2,635,000  2,000,000  759 
Aug-16 11 Madison Avenue Park Avenue South 40.0 Fee Interest 2,314,000  2,600,000  1,124 
Nov-17 1515 Broadway Times Square 30.0 Fee Interest 1,750,000  1,950,000  1,114 
Jan-18 600 Lexington Avenue Grand Central North 100.0 Fee Interest 303,515  305,000  1,005 
Feb-18 1515 Broadway Times Square 13.0 Fee Interest 1,750,000  1,950,000  1,114 
May-18 1745 Broadway Midtown 56.9 Leasehold Interest 674,000  633,000  939 
Nov-18 3 Columbus Circle Columbus Circle 48.9 Fee Interest 530,981  851,000  1,603 
Nov-18 2 Herald Square Herald Square 49.0 Leasehold Interest 369,000  265,000  718 
May-19 521 Fifth Avenue Grand Central 50.5 Fee Interest 460,000  381,000  828 
Dec-20 30 East 40th Street Grand Central South 60.0 Leasehold Interest 69,446  5,200  75 
Mar-21 55 West 46th Street - Tower 46 Midtown 25.0 Fee Interest 347,000  275,000  793 
Jun-21 635 - 641 Sixth Avenue Midtown South 100.0 Fee Interest 267,000  325,000  1,217 
Jul-21 220 East 42nd Street Grand Central 49.0 Fee Interest 1,135,000  783,500  690 
Oct-21 590 Fifth Avenue Midtown 100.0 Fee Interest 103,300  103,000  997 
Dec-21 110 East 42nd Street Grand Central 100.0 Fee Interest 215,400  117,075  544 
Jun-23 245 Park Avenue Park Avenue 49.9 Fee Interest 1,782,793  1,995,000  1,119 
29,695,158  $ 21,313,825  $ 718 
Supplemental Information
45
Second Quarter 2024
SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY
Retail, Residential, Development / Redevelopment and Land
Unaudited
(Dollars in Thousands)

slglogo.jpg

Interest Gross Asset Occupancy (%)
Property Type of Property Submarket  Acquired Type of Ownership Net Rentable SF Valuation ($'s) at acquisition 6/30/2024
2005 - 2023 Acquisitions
Jul-05 1551-1555 Broadway Retail Times Square 10.0% Fee Interest 25,600  $ 85,000  N/A N/A
Jul-05 21 West 34th Street Retail Herald Square 50.0 Fee Interest 30,100  17,500  N/A N/A
Sep-05 141 Fifth Avenue Retail Flatiron 50.0 Fee Interest 21,500  13,250  N/A N/A
Nov-05 1604 Broadway Retail Times Square 63.0 Leasehold Interest 29,876  4,400  17.2 N/A
Dec-05 379 West Broadway Retail Cast Iron/Soho 45.0 Leasehold Interest 62,006  19,750  100.0 N/A
Jan-06 25-29 West 34th Street Retail Herald Square/Penn Station 50.0 Fee Interest 41,000  30,000  55.8 N/A
Sep-06 717 Fifth Avenue Retail Midtown/Plaza District 32.8 Fee Interest 119,550  251,900  63.1 N/A
Aug-07 180 Broadway Development Lower Manhattan 50.0 Fee Interest 24,300  13,600  85.2 N/A
Apr-07 Two Herald Square Land Herald Square 55.0 Fee Interest N/A 225,000  N/A N/A
Jul-07 885 Third Avenue Land Midtown / Plaza District 55.0 Fee Interest N/A 317,000  N/A N/A
Feb-08 182 Broadway Development Lower Manhattan 50.0 Fee Interest 46,280  30,000  83.8 N/A
Nov-10 Williamsburg Terrace Retail Brooklyn, New York 100.0 Fee Interest 52,000  18,000  100.0 N/A
Dec-10 11 West 34th Street Retail Herald Square/Penn Station 30.0 Fee Interest 17,150  10,800  100.0 100.0
Dec-10 Two Herald Square Land Herald Square 45.0 Fee Interest 354,400  247,500  N/A N/A
Dec-10 885 Third Avenue Land Midtown / Plaza District 45.0 Fee Interest 607,000  352,000  N/A N/A
Dec-10 292 Madison Avenue Land Grand Central South 100.0 Fee Interest 203,800  78,300  N/A N/A
Jan-11 3 Columbus Circle Redevelopment Columbus Circle 48.9 Fee Interest 741,500  500,000  20.1 N/A
Aug-11 1552-1560 Broadway Retail Times Square 50.0 Fee Interest 35,897  136,550  59.7 74.8
Sep-11 747 Madison Avenue Retail Plaza District 33.3 Fee Interest 10,000  66,250  100.0 N/A
Jan-12 DFR Residential and Retail Portfolio Residential Plaza District, Upper East Side 80.0 Fee Interests / Leasehold Interest 489,882  193,000  95.1 N/A
Jan-12 724 Fifth Avenue Retail Plaza District 50.0 Fee Interest 65,010  223,000  92.9 N/A
Jul-12 West Coast Office Portfolio West Coast 27.6 Fee Interest 4,473,603  880,104  76.3 N/A
Aug-12 33 Beekman Street Development Downtown 45.9 Fee Interest 163,500  31,160  — N/A
Sep-12 635 Sixth Avenue Redevelopment Midtown South 100.0 Fee Interest 104,000  83,000  — N/A
Oct-12 1080 Amsterdam Redevelopment Upper West Side 87.5 Leasehold Interest 82,250  —  2.2 N/A
Dec-12 21 East 66th Street Retail Plaza District 32.3 Fee Interest 16,736  75,000  100.0 N/A
Dec-12 985-987 Third Avenue Redevelopment Upper East Side 100.0 Fee Interest 13,678  18,000  — N/A
Dec-12 131-137 Spring Street Retail Soho 100.0 Fee Interest 68,342  122,300  100.0 N/A
Mar-13 248-252 Bedford Avenue Residential Brooklyn, New York 90.0 Fee Interest 66,611  54,900  — N/A
Nov-13 650 Fifth Avenue Retail Plaza District 50.0 Leasehold Interest 32,324  —  63.6 100.0
Nov-13 315 West 33rd Street - The Olivia Retail / Residential Penn Station 100.0 Fee Interest 492,987  386,775  96.6 N/A
Nov-13 562, 570 & 574 Fifth Avenue Redevelopment Plaza District 100.0 Fee Interest 66,962  146,222  74.6 N/A
Jul-14 719 Seventh Avenue Retail Times Square 75.0 Fee Interest 6,000  41,149  100.0 N/A
Jul-14 115 Spring Street Retail Soho 100.0 Fee Interest 5,218  52,000  100.0 100.0
Jul-14 752-760 Madison Avenue Retail Plaza District 100.0 Fee Interest 21,124  282,415  100.0 100.0
Sep-14 121 Greene Street Retail Soho 50.0 Fee Interest 7,131  27,400  100.0 N/A
Sep-14 635 Madison Avenue Land Plaza District 100.0 Fee Interest 176,530  145,000  N/A N/A
Oct-14 102 Greene Street Retail Soho 100.0 Fee Interest 9,200  32,250  100.0 N/A
Oct-14 175-225 Third Street Redevelopment Brooklyn, New York 95.0 Fee Interest —  72,500  — N/A
Nov-14 55 West 46th Street - Tower 46 Redevelopment Midtown 100.0 Fee Interest 347,000  295,000  — N/A
Feb-15 Stonehenge Portfolio Residential Various Various Fee Interest 2,589,184  40,000  96.5 N/A
Mar-15 1640 Flatbush Avenue Redevelopment Brooklyn, New York 100.0 Fee Interest 1,000  6,799  100.0 N/A
Jun-15 Upper East Side Residential Residential Upper East Side Residential 90.0 Fee Interest 27,000  50,074  96.4 N/A
Aug-15 187 Broadway & 5-7 Dey Street Retail Lower Manhattan 100.0 Fee Interest 73,600  63,690  90.5 N/A
Mar-16 183 Broadway Retail Lower Manhattan 100.0 Fee Interest 9,100  28,500  58.3 N/A
Apr-16 605 West 42nd Street - Sky Residential Midtown West 20.0 Fee Interest 927,358  759,046  — N/A
Jul-18 1231 Third Avenue Residential Upper East Side 100.0 Fee Interest 38,992  55,355  100.0 N/A
Oct-18 133 Greene Street Retail Soho 100.0 Fee Interest 6,425  30,999  100.0 N/A
Dec-18 712 Madison Avenue Retail Plaza District 100.0 Fee Interest 6,600  57,996  100.0 N/A
Apr-19 106 Spring Street Redevelopment Soho 100.0 Fee Interest 5,928  80,150  — N/A
May-19 410 Tenth Avenue Redevelopment Hudson Yards 70.9 Fee Interest 638,000  440,000  76.3 N/A
Jan-20 762 Madison Avenue Redevelopment Plaza District 10.0 Fee Interest 6,109  29,250  55.1 N/A
Jan-20 707 Eleventh Avenue Redevelopment Midtown West 100.0 Fee Interest 159,720  90,000  54.3 N/A
Jan-20 126 Nassau Street Development Lower Manhattan 100.0 Leasehold Interest 98,412  —  87.3 100.0
Oct-20 85 Fifth Avenue Retail Midtown South 36.3 Fee Interest 12,946  59,000  100.0 100.0
Sep-21 1591-1597 Broadway Land Times Square 100.0 Fee Interest 7,684  121,000  N/A N/A
Sep-21 690 Madison Avenue Retail Plaza District 100.0 Fee Interest 7,848  72,221  100.0 100.0
Sep-22 5 Times Square Redevelopment Times Square 31.6 Leasehold Interest 1,131,735  1,096,714  22.5 23.3
Sep-23 625 Madison Avenue Land Plaza District 90.4 Fee Interest 563,000  620,245  N/A N/A
15,440,688  $ 9,279,014 
2024 Acquisitions
Jan-24 2 Herald Square Redevelopment Herald Square 44.0% Leasehold Interest 369,000  $ 120,000  43.9 43.9
Mar-24 719 Seventh Avenue Retail Times Square 25.0 Fee Interest 10,040  76,500  — N/A
379,040  $ 196,500 
Supplemental Information
46
Second Quarter 2024
SUMMARY OF REAL ESTATE DISPOSITION ACTIVITY
Retail, Residential, Development / Redevelopment, Land and Alternative Strategy Portfolio
Unaudited
(Dollars in Thousands)
slglogo.jpg

Interest Gross Asset Valuation
Property Type of Property Submarket Sold Type of Ownership Net Rentable SF ($'s) ($'s/SF)
2011 - 2023 Dispositions
Sep-11 1551-1555 Broadway Retail Times Square 10.0% Fee Interest 25,600  $ 276,757  $ 10,811 
Feb-12 141 Fifth Avenue Retail Flatiron 100.0 Fee Interest 13,000  46,000  3,538 
Feb-12 292 Madison Avenue Land Grand Central South 100.0 Fee Interest 203,800  85,000  417 
Apr-12 379 West Broadway Retail Cast Iron/Soho 100.0 Leasehold Interest 62,006  48,500  782 
Jun-12 717 Fifth Avenue Retail Midtown/Plaza District 50.0 Fee Interest 119,550  617,584  5,166 
Sep-12 3 Columbus Circle Redevelopment Columbus Circle 29.0 Fee Interest 214,372  143,600  670 
Feb-13 44 West 55th Street Retail Plaza District 100.0 Fee Interest 8,557  6,250  730 
Jun-13 West Coast Office Portfolio West Coast Los Angeles, California 100.0 Fee Interest 406,740  111,925  275 
Aug-13 West Coast Office Portfolio West Coast Fountain Valley, California 100.0 Fee Interest 302,037  66,994  222 
Sep-13 West Coast Office Portfolio West Coast San Diego, California 100.0 Fee Interest 110,511  45,400  411 
Dec-13 27-29 West 34th Street Retail Herald Square/Penn Station 100.0 Fee Interest 15,600  70,052  4,491 
Jan-14 21-25 West 34th Street Retail Herald Square/Penn Station 100.0 Fee Interest 30,100  114,948  3,819 
Mar-14 West Coast Office Portfolio West Coast 100.0 Fee Interest 3,654,315  756,000  207 
May-14 747 Madison Avenue Retail Plaza District 100.0 Fee Interest 10,000  160,000  16,000 
Jul-14 985-987 Third Avenue Redevelopment Upper East Side 100.0 Fee Interest 13,678  68,700  5,023 
Sep-14 180-182 Broadway Redevelopment Lower Manhattan 100.0 Fee Interest 156,086  222,500  1,425 
Nov-14 2 Herald Square Land Herald Square/Penn Station 100.0 Fee Interest 354,400  365,000  1,030 
Nov-14 55 West 46th Street - Tower 46 Redevelopment Midtown 75.0 Fee Interest 347,000  295,000  850 
Jan-15 180 Maiden Lane Redevelopment Financial East 100.0 Fee Interest 1,090,000  470,000  431 
Aug-15 131-137 Spring Street Retail Soho 80.0 Fee Interest 68,342  277,750  4,064 
Dec-15 570 & 574 Fifth Avenue Redevelopment Plaza District 100.0 Fee Interest 24,327  125,400  5,155 
Feb-16 248-252 Bedford Avenue Residential Brooklyn, New York 90.0 Fee Interest 66,611  55,000  826 
Feb-16 885 Third Avenue Land Midtown / Plaza District 100.0 Fee Interest 607,000  453,000  746 
May-16 33 Beekman Street Redevelopment Downtown 100.0 Fee Interest 163,500  196,000  1,199 
Oct-16 400 East 57th Street Residential Upper East Side 49.0 Fee Interest 290,482  170,000  585 
Apr-17 102 Greene Street Retail Soho 90.0 Fee Interest 9,200  43,500  4,728 
Sep-17 102 Greene Street Retail Soho 10.0 Fee Interest 9,200  43,500  4,728 
Apr-18 175-225 Third Street Redevelopment Brooklyn, New York 95.0 Fee Interest —  115,000  — 
Jun-18 635 Madison Avenue Land Plaza District 100.0 Fee Interest 176,530  153,000  867 
Jul-18 724 Fifth Avenue Retail Plaza District 50.0 Fee Interest 65,010  365,000  5,615 
Oct-18 72nd Street Assemblage & 1231 Third Avenue Residential Upper East Side Various Fee Interest —  143,800  — 
Jan-19 131-137 Spring Street Retail Soho 20.0 Fee Interest 68,342  216,000  3,161 
Aug-19 115 Spring Street Retail Soho 49.0 Fee Interest 5,218  66,050  12,658 
Dec-19 562 Fifth Avenue Redevelopment Plaza District 100.0 Fee Interest 42,635  52,393  1,229 
Dec-19 1640 Flatbush Avenue Redevelopment Brooklyn, New York 100.0 Fee Interest 1,000  16,150  16,150 
Mar-20 315 West 33rd Street - The Olivia Retail / Residential Penn Station 100.0 Fee Interest 492,987  446,500  906 
May-20 609 Fifth Avenue - Retail Condominium Retail Rockefeller Center 100.0 Fee Interest 21,437  168,000  7,837 
Sep-20 400 East 58th Street Residential Upper East Side 90.0 Fee Interest 140,000  62,000  443 
Dec-20 410 Tenth Avenue Redevelopment Hudson Yards 70.9 Fee Interest 638,000  952,500  1,493 
Dec-20 Williamsburg Terrace Retail Brooklyn, New York 100.0 Fee Interest 52,000  32,000  615 
Jan-21 712 Madison Avenue Retail Plaza District 100.0 Fee Interest 6,600  43,000  6,515 
Feb-21 133 Greene Street Retail Soho 100.0 Fee Interest 6,425  15,796  2,459 
Mar-21 106 Spring Street Redevelopment Soho 100.0 Fee Interest 5,928  34,024  5,740 
Jun-21 605 West 42nd Street - Sky Residential Westside 20.0 Fee Interest 927,358  858,100  925 
Sep-21 400 East 57th Street Residential Upper East Side 41.0 Fee Interest 290,482  133,500  460 
Feb-22 707 Eleventh Avenue Redevelopment Midtown West 100.0 Fee Interest 159,720  95,000  595 
Apr-22 1080 Amsterdam Residential Upper West Side 92.5 Leasehold Interest 82,250  42,650  519 
May-22 1591-1597 Broadway Land Times Square 100.0 Fee Interest 7,684  121,000  15,747 
Jun-22 609 Fifth Avenue Redevelopment Rockefeller Center 100.0 Fee Interest 138,563  100,500  725 
Dec-22 885 Third Avenue - Condominium Redevelopment Midtown / Plaza District 100.0 Fee / Leasehold Interest 414,317  300,400  725 
Feb-23 121 Greene Street Retail Soho 50.0 Fee Interest 7,131  14,000  1,963 
Dec-23 21 East 66th Street Retail Plaza District 32.3 Fee Interest 13,069  40,575  3,105 
12,138,700  $ 9,921,298  $ 817 
2024 Dispositions
Jan-24 717 Fifth Avenue Retail Midtown / Plaza District 10.9% Fee Interest 119,550  $ 963,000  $ 8,055 
May-24 625 Madison Avenue Redevelopment Plaza District 90.4 Fee Interest 563,000  634,600  1,127 
Jun-24 719 Seventh Avenue Retail Times Square 100.0 Fee Interest 10,040  30,500  3,038 
692,590  $ 1,628,100  $ 2,351 
Supplemental Information
47
Second Quarter 2024
SUMMARY OF REAL ESTATE ACQUISITION/DISPOSITION ACTIVITY
Suburban Office
Unaudited
(Dollars in Thousands)
slglogo.jpg
Gross Asset Occupancy (%)
Property Submarket Interest Acquired Type of Ownership Net Rentable SF Valuation ($'s) at acquisition 6/30/2024
2007 - 2024 Acquisitions
Jan-07 300 Main Street Stamford, Connecticut 100.0% Fee Interest 130,000  $ 15,000  92.5 N/A
Jan-07 399 Knollwood Road White Plains, New York 100.0 Fee Interest 145,000  31,600  96.6 N/A
Jan-07 Reckson - Connecticut Portfolio Stamford, Connecticut 100.0 Fee Interests / Leasehold Interest 1,369,800  490,750  88.9 72.4
Jan-07 Reckson - Westchester Portfolio Westchester 100.0 Fee Interests / Leasehold Interest 2,346,100  570,190  90.6 N/A
Apr-07 Jericho Plaza Jericho, New York 20.3 Fee Interest 640,000  210,000  98.4 N/A
Jun-07 1010 Washington Boulevard Stamford, Connecticut 100.0 Fee Interest 143,400  38,000  95.6 N/A
Jun-07 500 West Putnam Avenue Greenwich, Connecticut 100.0 Fee Interest 121,500  56,000  94.4 N/A
Jul-07 16 Court Street Brooklyn, New York 35.0 Fee Interest 317,600  107,500  80.6 N/A
Aug-07 150 Grand Street White Plains, New York 100.0 Fee Interest 85,000  6,700  52.9 N/A
Sep-07 The Meadows Rutherford, New Jersey 25.0 Fee Interest 582,100  111,500  81.3 N/A
Jan-08 125 Chubb Way Lyndhurst, New Jersey 100.0 Fee Interest 278,000  29,364  — N/A
Dec-10 7 Renaissance Square White Plains, New York 50.0 Fee Interest 65,641  4,000  — N/A
Apr-13 16 Court Street Brooklyn, New York 49.0 Fee Interest 317,600  96,200  84.9 N/A
6,541,741  $ 1,766,804 
Gross Asset
Property Submarket Interest Sold Type of Ownership Net Rentable SF Valuation ($'s) Price ($'s/SF)
2008 - 2024 Dispositions
Oct-08 100 & 120 White Plains Road Tarrytown, New York 100.0% Fee Interest 211,000  $ 48,000  $ 227
Jan-09 55 Corporate Drive Bridgewater, New Jersey 100.0 Fee Interest 670,000  230,000  343
Aug-09 399 Knollwood Road White Plains, New York 100.0 Fee Interest 145,000  20,767  143
Jul-12 One Court Square Long Island City, New York 100.0 Fee Interest 1,402,000  481,100  343
Sep-13 300 Main Street Stamford, Connecticut 100.0 Fee Interest 130,000  13,500  104
Aug-15 The Meadows Rutherford, New Jersey 100.0 Fee Interest 582,100  121,100  208
Dec-15 140 Grand Street White Plains, New York 100.0 Fee Interest 130,100  22,400  172
Dec-15 150 Grand Street White Plains, New York 100.0 Fee Interest 85,000  9,600  113
Mar-16 7 Renaissance Square White Plains, New York 100.0 Fee Interest 65,641  21,000  320
Jul-16 500 West Putnam Avenue Greenwich, Connecticut 100.0 Fee Interest 121,500  41,000  337
Apr-17 520 White Plains Road Tarrytown, New York 100.0 Fee Interest 180,000  21,000  117
Jul-17 680 Washington Avenue Stamford, Connecticut 51.0 Fee Interest 133,000  42,011  316
Jul-17 750 Washington Avenue Stamford, Connecticut 51.0 Fee Interest 192,000  53,745  280
Oct-17 16 Court Street Brooklyn, New York 100.0 Fee Interest 317,600  171,000  538
Oct-17 125 Chubb Way Lyndhurst, New Jersey 100.0 Fee Interest 278,000  29,500  106
May-18 115-117 Stevens Avenue Valhalla, New York 100.0 Fee Interest 178,000  12,000  67
Jun-18 Jericho Plaza Jericho, New York 11.7 Fee Interest 640,000  117,400  183
Jul-18 1-6 International Drive Rye Brook, New York 100.0 Fee Interest 540,000  55,000  102
Nov-19 1010 Washington Boulevard Stamford, Connecticut 100.0 Fee Interest 143,400  23,100  161
Dec-19 100 Summit Lake Drive Valhalla, New York 100.0 Fee Interest 250,000  41,581  166
Dec-19 200 Summit Lake Drive Valhalla, New York 100.0 Fee Interest 245,000  37,943  155
Dec-19 500 Summit Lake Drive Valhalla, New York 100.0 Fee Interest 228,000  34,185  150
Dec-19 360 Hamilton Avenue White Plains, New York 100.0 Fee Interest 384,000  115,452  301
Dec-20 1055 Washington Boulevard Stamford, Connecticut 100.0 Leasehold Interest 182,000  23,750  130
7,433,341  $ 1,786,134  $ 240
Supplemental Information
48
Second Quarter 2024
Non-GAAP Disclosures and Reconciliations

Unaudited
(Dollars in Thousands, except per share data)
slglogo.jpg
Funds Available for Distribution (FAD)

FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and pro-rata adjustments for these items from the Company's unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring capital expenditures.
FAD is not intended to represent cash flow for the period and is not indicative of cash flow provided by operating activities as determined in accordance with GAAP. FAD is presented solely as a supplemental disclosure with respect to liquidity because the Company believes it provides useful information regarding the Company’s ability to fund its dividends. Because all companies do not calculate FAD the same way, the presentation of FAD may not be comparable to similarly titled measures of other companies. FAD does not represent cash flow from operating, investing and finance activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDAre)

EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.
The Company presents EBITDAre because the Company believes that EBITDAre, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of the Company’s ability to incur and service debt. EBITDAre should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.
Net Operating Income (NOI) and Cash NOI
NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and the amortization of acquired above and below-market leases from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.

The Company presents NOI and Cash NOI because the Company believes that these measures, when taken together with the corresponding GAAP financial measures and reconciliations, provide investors with meaningful information regarding the operating performance of properties. When operating performance is compared across multiple periods, the investor is provided with information not immediately apparent from net income that is determined in accordance with GAAP. NOI and Cash NOI provide information on trends in the revenue generated and expenses incurred in operating the Company's properties, unaffected by the cost of leverage, straight-line adjustments, depreciation, amortization, and other net income components. The Company uses these metrics internally as performance measures. None of these measures is an alternative to net income (determined in accordance with GAAP) and same-store performance should not be considered an alternative to GAAP net income performance.
Coverage Ratios
The Company presents fixed charge and debt service coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and operating lease rent from current cash net operating income. These coverage ratios represent a common measure of the Company’s ability to service fixed cash payments; however, these ratios are not used as an alternative to cash flow from operating, financing and investing activities (determined in accordance with GAAP).



Supplemental Information
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Second Quarter 2024
Non-GAAP Disclosures and Reconciliations

Unaudited
(Dollars in Thousands, except per share data)
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RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
Funds From Operations (FFO) Reconciliation
Three Months Ended Six Months Ended
June 30, June 30,
2024 2023 2024 2023
Net (loss) income attributable to SL Green common stockholders $ (2,160) $ (360,194) $ 10,981  $ (399,925)
Add:
Depreciation and amortization 52,247  69,335  100,831  148,117 
Joint venture depreciation and noncontrolling interest adjustments 72,238  65,149  146,496  134,683 
Net loss attributable to noncontrolling interests (2,024) (24,622) (2,417) (28,584)
Less:
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (8,129) —  18,635  (79)
Purchase price and other fair value adjustments (50) (17,013) (55,702) (17,013)
Loss on sale of real estate, net (2,741) (26,678) (2,741) (28,329)
Depreciable real estate reserves (13,721) (305,916) (65,839) (305,916)
Depreciation on non-rental real estate assets 1,000  851  2,153  1,719 
FFO attributable to SL Green common stockholders and unit holders $ 143,942  $ 98,424  $ 359,385  $ 203,909 

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)
For the three months ended
6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Net income (loss) $ 1,959  $ 18,389  $ (160,058) $ (21,694) $ (379,228)
Depreciable real estate reserves 13,721  52,118  76,847  (389) 305,916 
Loss (gain) on sale of real estate 2,741  —  4,557  (516) 26,678 
Purchase price and other fair value adjustments (1,265) 50,492  10,273  (10,183) 17,409 
Equity in net loss (gain) on sale of interest in unconsolidated joint venture/real estate 8,129  (26,764) 13,289  —  — 
Depreciation and amortization 52,247  48,584  49,050  50,642  69,335 
Income taxes 1,230  606  737  (544) 802 
SUMMIT Operator tax expense 1,855  (1,295) 2,320  3,735  1,879 
Amortization of deferred financing costs 1,677  1,539  1,510  2,152  2,154 
Interest expense, net of interest income 35,803  31,173  27,400  27,440  40,621 
Adjustments to reflect the entity’s share of EBITDAre of unconsolidated affiliates 147,288  151,036  151,577  153,417  134,001 
EBITDAre $ 265,385  $ 325,878  $ 177,502  $ 204,060  $ 219,567 
Supplemental Information
50
Second Quarter 2024
Non-GAAP Disclosures and Reconciliations

Unaudited
(Dollars in Thousands, except per share data)
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RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Three Months Ended Six Months Ended
Operating income and Same-store NOI Reconciliation
 June 30, June 30,
2024 2023 2024 2023
Net (loss) income $ 1,959  $ (379,228) $ 20,348  $ (417,585)
Depreciable real estate reserves 13,721  305,916  65,839  305,916 
Loss on sale of real estate, net 2,741  26,678  2,741  28,329 
Purchase price and other fair value adjustments (1,265) 17,409  49,227  17,170 
Equity in net loss (gain) on sale of interest in unconsolidated joint venture/real estate 8,129  —  (18,635) 79 
Depreciation and amortization 52,247  69,335  100,831  148,117 
SUMMIT Operator tax expense 1,855  1,879  560  3,146 
Amortization of deferred financing costs 1,677  2,154  3,216  4,175 
Interest expense, net of interest income 35,803  40,621  66,976  82,274 
Operating income 116,867  84,764  291,103  171,621 
Equity in net (income) loss from unconsolidated joint ventures (4,325) 21,932  (115,485) 29,344 
Marketing, general and administrative expense 20,032  22,974  41,345  46,259 
Transaction related costs 76  33  92  917 
Loan loss and other investment reserves, net of recoveries —  —  —  6,890 
SUMMIT Operator expenses 23,188  22,836  45,046  43,524 
Gain on early extinguishment of debt (17,777) —  (17,777) — 
Investment income (6,191) (9,103) (13,594) (18,160)
SUMMIT Operator revenue (32,602) (28,180) (58,206) (47,951)
Non-building revenue (25,714) (21,110) (30,763) (27,916)
Net operating income (NOI) 73,554  94,146  141,761  204,528 
Equity in net income (loss) from unconsolidated joint ventures 4,325  (21,932) 115,485  (29,344)
SLG share of unconsolidated JV depreciation and amortization 70,652  60,781  140,098  125,504 
SLG share of unconsolidated JV amortization of deferred financing costs 2,367  3,141  5,462  6,203 
SLG share of unconsolidated JV interest expense, net of interest income 69,280  62,589  142,083  125,735 
SLG share of unconsolidated JV gain on early extinguishment of debt (30,705) —  (172,369) — 
SLG share of unconsolidated JV investment income (1,720) (317) (1,720) (630)
SLG share of unconsolidated JV non-building revenue (1,623) (2,046) (2,124) (4,343)
NOI including SLG share of unconsolidated JVs 186,130  196,362  368,676  427,653 
NOI from other properties/affiliates (30,401) (28,848) (53,487) (92,960)
Same-Store NOI 155,729  167,514  315,189  334,693 
Straight-line and free rent 1,743  (3,082) (1,162) (8,882)
Amortization of acquired above and below-market leases, net 865  166  914  332 
Operating lease straight-line adjustment 204  204  408  408 
SLG share of unconsolidated JV straight-line and free rent (1,324) (6,448) (3,216) (15,001)
SLG share of unconsolidated JV amortization of acquired above and below-market leases, net (4,409) (4,212) (8,816) (8,436)
SLG share of unconsolidated JV operating lease straight-line adjustment —  —  —  — 
Same-store cash NOI $ 152,808  $ 154,142  $ 303,317  $ 303,114 
Lease termination income (1,069) (123) (2,200) (752)
SLG share of unconsolidated JV lease termination income (57) (355) (3,343) (734)
Same-store cash NOI excluding lease termination income $ 151,682  $ 153,664  $ 297,774  $ 301,628 
Supplemental Information
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Second Quarter 2024
RESEARCH ANALYST COVERAGE
                               
                          
                         
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EQUITY COVERAGE
Firm Analyst Phone Email
B of A Securities
Camille Bonnel
(416) 369-2140
 camille.bonnel@bofa.com
Barclays Brendan Lynch (212) 526-9428 brendan.lynch@barclays.com
BMO Capital Markets Corp. John P. Kim (212) 885-4115 JohnP.Kim@bmo.com
BTIG Thomas Catherwood (212) 738-6140 tcatherwood@btig.com
Citi
Michael Griffin
(212) 816-5871
michael.a.griffin@citi.com
Deutsche Bank Omotayo Okusanya (212) 250-9284 omotayo.okusanya@db.com
Goldman Sachs & Co. Caitlin Burrows (212) 902-4736 caitlin.burrows@gs.com
Evercore ISI Steve Sakwa (212) 446-9462 steve.sakwa@evercoreisi.com
Jefferies Peter Abramowitz (212) 336-7241 pabramowitz@jefferies.com
JP Morgan Securities Anthony Paolone (212) 622-6682 anthony.paolone@jpmorgan.com
Mizuho Securities USA
Vikram Malhotra
(212) 282-3827
vikram.malhotra@mizuhogroup.com
Morgan Stanley & Co. Ronald Kamdem (212) 296-8319 ronald.kamdem@morganstanley.com
Piper Sandler Alexander Goldfarb (212) 466-7937 alexander.goldfarb@psc.com
Scotiabank Nicholas Yulico (212) 225-6904 nicholas.yulico@scotiabank.com
Truist Securities Michael Lewis (212) 319-5659 michael.r.lewis@truist.com
Wells Fargo Blaine Heck (443) 263-6529 blaine.heck@wellsfargo.com
Wolfe Research Andrew Rosivach (646) 582-9250 arosivach@wolferesearch.com

SL Green Realty Corp. is covered by the research analysts listed above. Please note that any opinions, estimates or forecasts regarding SL Green Realty Corp.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of SL Green Realty Corp. or its management. SL Green Realty Corp. does not, by its reference above or distribution, imply its endorsement of or concurrence with such information, conclusions or recommendations.
Supplemental Information
52
Second Quarter 2024
EXECUTIVE MANAGEMENT
                               
                          
                         
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Marc Holliday Neil H. Kessner
Chairman, Chief Executive Officer and Executive Vice President, General
Interim President Counsel - Real Property
Matthew J. DiLiberto Maggie Hui
Chief Financial Officer
 Chief Accounting Officer
Andrew S. Levine Harrison Sitomer
Chief Legal Officer - General Counsel, EVP Chief Investment Officer
Steven M. Durels Robert Schiffer
Executive Vice President, Director of Executive Vice President, Development
Leasing and Real Property
Brett Herschenfeld
Edward V. Piccinich Executive Vice President, Retail and Opportunistic
Chief Operating Officer
 Investment

Supplemental Information
53
Second Quarter 2024