Noncontrolling Interests on the Company's Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2026

Below is a summary of the activity relating to the noncontrolling interests in the Operating Partnership for the six months ended June 30, 2026 and the twelve months ended December 31, 2025 (in thousands):


	June 30, 2026		December 31, 2025
Balance at beginning of period	$	241,371	$	288,941
Distributions	(6,446)		(14,162)
Issuance of common units	8,106		19,531
Redemption and conversion of common units	(15,933)		(22,302)
Net loss	(8,833)		(7,673)
Accumulated other comprehensive (loss) income allocation	1,948		(2,804)
Fair value adjustment	76,863		(20,160)
Balance at end of period	$	297,076	$	241,371

Schedule of Preferred Unit Activity

Below is a summary of the preferred units of limited partnership interest in the Operating Partnership as of June 30, 2026:


Issuance	Stated Distribution Rate		Number of Units Authorized	Number of Units Issued	Number of Units Outstanding	Annual Dividend Per Unit(1)		Liquidation Preference Per Unit(2)		Conversion Price Per Unit(3)		Date of Issuance
Series A (4)	6.00	%	109,161	109,161	109,161	$	60.0000	$	1,000.00	$	—	August 2015
Series F	7.00	%	60	60	60	70.0000		1,000.00		29.12		January 2007
Series K	3.50	%	700,000	563,954	341,677	0.8750		25.00		134.67		August 2014
Series L	4.00	%	500,000	378,634	272,783	1.0000		25.00		—		August 2014
Series R	3.50	%	400,000	400,000	400,000	0.8750		25.00		154.89		August 2015
Series S	4.00	%	1,077,280	1,077,280	1,077,280	1.0000		25.00		—		August 2015
Series V (5)	5.00	%	40,000	40,000	40,000	1.2500		25.00		—		May 2019
Series W (6)	(6)		1	1	1	(6)		(6)		(6)		January 2020
Series X	3.00	%	172,809	172,809	172,809	0.7500		25.00		80.00		October 2025
Series Y	5.00	%	252,000	232,000	232,000	1.2500		25.00		—		March 2026

(1)Dividends are cumulative, subject to certain provisions.

(2)Units are redeemable at any time at par for cash at the option of the unit holder unless otherwise specified.

(3)If applicable, units are convertible into a number of common units of limited partnership interest in the Operating Partnership equal to (i) the liquidation preference plus accumulated and unpaid distributions on the conversion date divided by (ii) the amount shown in the table.

(4)Issued through a consolidated subsidiary. The units are redeemable at any time after December 13, 2024 at par for cash at the option of the unit holder.

(5)The Series V Preferred Units are redeemable at any time after January 1, 2025 at par for cash at the option of the unit holder.

(6)The Series W preferred unit was issued in January 2020 in exchange for the then-outstanding Series O preferred unit. The holder of the Series W preferred unit is entitled to quarterly dividends in an amount calculated as (i) 1,350 multiplied by (ii) the current distribution per common unit of limited partnership in SL Green Operating Partnership. The holder has the right to require the Operating Partnership to repurchase the Series W unit for cash, or convert the Series W unit for Class B units, in each case at a price that is determined based on the closing price of the Company's common stock at the time such right is exercised. The unit's liquidation preference is the fair market value of the unit plus accrued distributions at the time of a liquidation event.

Below is a summary of the activity relating to the preferred units in the Operating Partnership for the six months ended June 30, 2026 and the twelve months ended December 31, 2025 (in thousands):


	June 30, 2026		December 31, 2025
Balance at beginning of period	$	168,560	$	164,210
Issuance of preferred units	5,800		4,320
Redemption of preferred units	—		—
Dividends paid on preferred units	(3,850)		(6,200)
Accrued dividends on preferred units	3,914		6,230
Balance at end of period	$	174,424	$	168,560