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Form 8-K

sec.gov

8-K — SL GREEN REALTY CORP

Accession: 0001628280-26-049346

Filed: 2026-07-23

Period: 2026-07-22

CIK: 0001040971

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — slg-20260722.htm (Primary)

EX-99.1 (a26q2earningsrelease.htm)

EX-99.2 (a26q2supplemental.htm)

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8-K

8-K (Primary)

Filename: slg-20260722.htm · Sequence: 1

slg-20260722

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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 22, 2026

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 22, 2026 announcing SL Green Realty Corp.’s, or the Company, results for the quarter ended June 30, 2026, 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 22, 2026, the Company issued a press release announcing its results for the quarter ended June 30, 2026, and that it is revising its net (loss) income guidance range of $(0.27) to $0.03 per share (diluted) for the year ending December 31, 2026 to $0.20 to $0.50 of net income per share (diluted), and revising its Nareit defined Funds From Operations ("FFO") guidance range of $4.40 to $4.70 per share (diluted) for the year ending December 31, 2026 to $5.60 to $5.90 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, 2026:

Year Ending

December 31,

2026 2026

Net income per share attributable to SL Green stockholders (diluted) $ 0.20  $ 0.50

Add:

Depreciation and amortization 3.53  3.53

Joint ventures depreciation and noncontrolling interests adjustments 3.23  3.23

Net income attributable to noncontrolling interests 0.28  0.28

Depreciable real estate reserves and impairments 0.46  0.46

Less:

Gain on sale of real estate, net 1.09  1.09

Equity in net gain on sale of interest in unconsolidated joint venture / real estate 0.95  0.95

Purchase price and other fair value adjustments (0.02) (0.02)

Depreciation on non-real estate assets 0.08  0.08

Funds From Operations per share attributable to SL Green common stockholders and noncontrolling interests (diluted) $ 5.60  $ 5.90

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, 2026.

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 the National Association of Real Estate Investment Trusts, or 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 Generally Accepted Accounting Principles, or 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 generation 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 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 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 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 23, 2026

EX-99.1

EX-99.1

Filename: a26q2earningsrelease.htm · Sequence: 2

Document

Exhibit 99.1

SL GREEN REALTY CORP. REPORTS

SECOND QUARTER 2026 EPS OF ($0.38) PER SHARE;

AND FFO OF $1.43 PER SHARE

INCREASES 2026 EARNINGS GUIDANCE

Financial and Operating Highlights

•Net loss attributable to common stockholders of $0.38 per share for the second quarter of 2026 as compared to net loss of $0.16 per share for the same period in 2025.

•Funds from operations ("FFO") of $1.43 per share for the second quarter of 2026. The Company reported FFO of $1.63 per share for the second quarter of 2025, which included $46.6 million, or $0.61 per share, of income related to the resolution of a commercial mortgage investment.

•The Company is increasing its 2026 FFO guidance range for the year ending December 31, 2026 from $4.40-$4.70 per share to $5.60-$5.90 per share, an increase of $1.20 per share at the midpoint, reflecting $0.40 per share of higher net operating income ("NOI") from the Company's real estate portfolio, incremental fees and other income, and $0.80 per share of additional income that will be recognized from One Vanderbilt Avenue. The Company is also increasing its 2026 net income guidance range from $(0.27)-$0.03 per share to $0.20-$0.50 per share.

•Signed 53 Manhattan office leases totaling 445,161 square feet in the second quarter of 2026 and 104 Manhattan office leases totaling 1,374,425 square feet for the first six months of 2026. The mark-to-market on signed Manhattan office leases was 18.0% higher for the second quarter and 16.6% higher for the first six months than the previous fully escalated rents on the same spaces.

•Manhattan same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, increased 4.3% for the second quarter of 2026 and 3.4% for the first six months of 2026, excluding lease termination income, as compared to the same periods in 2025.

•Manhattan same-store office occupancy increased to 94.7% as of June 30, 2026, 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 95.0% by December 31, 2026.

Investing Highlights

•Closed on the previously announced sale of the residential and retail components of 7 Dey Street for total consideration of $222.6 million. The Company received net cash proceeds of $23.7 million.

•Closed on the sale of a 49.0% joint venture interest in the development of 346 Madison Avenue at a gross valuation of $175.0 million. The Company received net cash proceeds of $94.9 million.

•Entered into a contract to sell 10 East 53rd Street for total consideration of $312.2 million. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

•Deployed $94.7 million of the Company's $1.3 billion SLG Opportunistic Debt Fund during the second quarter and $306.4 million to date in 2026, bringing total deployment to $590.5 million, of which $517.5 million has been funded, and $18.9 million of which has since been repaid.

•Repurchased $14.1 million of common stock during the second quarter at an average price of $49.67 per share.

NEW YORK, July 22, 2026 - SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported a net loss attributable to common stockholders for the quarter ended June 30, 2026 of $26.5 million, or $0.38 per share, as compared to a net loss of $11.1 million, or $0.16 per share, for the same period in 2025.

The Company reported a net loss attributable to common stockholders for the six months ended June 30, 2026 of $110.9 million and $1.58 per share as compared to net loss of $32.2 million and $0.47 per share for the same period in 2025.

The Company reported FFO for the quarter ended June 30, 2026 of $109.6 million or $1.43 per share. The Company reported FFO of $124.5 million, or $1.63 per share, for the same period in 2025, which included $46.6 million, or $0.61 per share, of income, excluding interest income, related to the repayment of the commercial mortgage investment at 522 Fifth Avenue.

The Company reported FFO for the six months ended June 30, 2026 of $174.2 million and $2.26 per share, net of the write-off of $4.8 million, or $0.06 per share, of unamortized deferred financing costs and inclusive of $2.4 million, or $0.03 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $231.1 million, or $3.03 per share, for the same period in 2025, which included $71.6 million, or $0.94 per share, of income, excluding interest income, related to the repayment of the commercial mortgage investment at 522 Fifth Avenue and net of $14.5 million, or $0.19 per share, of investment reserves and $4.3 million, or $0.06 per share, of negative non-cash fair value adjustments on mark-to-market derivatives.

All per share amounts are presented on a diluted basis.

Operating and Leasing Activity

Manhattan same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, increased by 4.3% for the second quarter of 2026 and 3.4% for the first six months of 2026, excluding lease termination income, as compared to the same periods in 2025.

During the second quarter of 2026, the Company signed 53 office leases in its Manhattan office portfolio totaling 445,161 square feet. The average rent on the Manhattan office leases signed in the second quarter of 2026 was $93.17 per rentable square foot, with an average lease term of 5.8 years and average tenant concessions of 4.5 months of free rent with a tenant improvement allowance of $58.77 per rentable square foot. Thirty-two leases comprising 308,680 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 $98.42 per rentable square foot, representing a 18.0% increase over the previous fully escalated rents on the same office spaces.

During the six months ended June 30, 2026, the Company signed 104 office leases in its Manhattan office portfolio totaling 1,374,425 square feet. The average rent on the Manhattan office leases signed in 2026 was $101.25 per rentable square foot with an average lease term of 8.5 years and average tenant concessions of 8.8 months of free rent with a tenant improvement allowance of $91.89 per rentable square foot. Sixty-six leases comprising 975,470 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 $109.59 per rentable square foot, representing a 16.6% increase over the previous fully escalated rents on the same office spaces.

Occupancy in the Company's Manhattan same-store office portfolio increased to 94.7% as of June 30, 2026, inclusive of leases signed but not yet commenced, as compared to 94.4% at the end of the previous quarter and 93.0% at the end of 2025. The Company expects to increase Manhattan same-store office occupancy, inclusive of leases signed but not yet commenced, to 95.0% by December 31, 2026.

Significant leasing activity in the second quarter and to date in the third quarter includes:

•In July, a new lease with Legora, Inc. for 98,420 square feet at 11 Madison Avenue;

•New expansion lease with Houlihan Lokey, Inc. for 37,611 square feet at 245 Park Avenue;

•New lease with Ryan Specialty LLC for 29,166 square feet at 1185 Avenue of the Americas;

•New lease with Solil Management, LLC for 27,508 square feet at 1185 Avenue of the Americas;

•New lease with Fidelity National Title Insurance for 19,966 square feet at 711 Third Avenue;

•New lease with Kohlberg & Co., L.L.C for 18,820 square feet at 500 Park Avenue.

Investment Activity

In May, the Company closed on the previously announced sale of the residential and retail components of 7 Dey Street for total consideration of $222.6 million. The Company received net cash proceeds of $23.7 million and retained ownership of the 21,000 square foot office condominium.

In May, the Company closed on the sale of a 49.0% joint venture interest in the development of 346 Madison Avenue to Mori Building Co., Ltd., Japan’s leading urban landscape developer, at a gross valuation of $175.0 million and received net cash proceeds of $94.9 million. The Company will retain a 51.0% interest in the project and will serve as the development and leasing manager. The project will be a collaboration between the Company and Mori Building Co., Ltd., uniting the collective vision, design capabilities and development expertise of both firms.

In May, the Company entered into a contract to sell 10 East 53rd Street for total consideration of $312.2 million. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the Company of approximately $100.0 million that will be used for corporate debt repayment.

Deployed $94.7 million of the Company's $1.3 billion SLG Opportunistic Debt Fund during the second quarter and $306.4 million to date in 2026, bringing total deployment to $590.5 million, of which $517.5 million has been funded, and $18.9 million of which has since been repaid.

During the second quarter of 2026, the Company repurchased $14.1 million of common stock at an average price of $49.67 per share.

Earnings Guidance

The Company is increasing its 2026 FFO guidance range for the year ending December 31, 2026 from $4.40-$4.70 per share to $5.60-$5.90 per share, an increase of $1.20 per share at the midpoint, reflecting $0.40 per share of higher NOI from the Company's real estate portfolio, incremental fees and other income, and $0.80 per share of additional income that will be recognized from One Vanderbilt Avenue. The Company is also increasing its 2026 net income guidance range from $(0.27)-$0.03 per share to $0.20-$0.50 per share.

Dividends

In the second quarter of 2026, the Company declared:

•A quarterly ordinary dividend on its outstanding common stock of $0.6175 per share, which was paid in cash on July 15, 2026, and is the equivalent of an annualized dividend of $2.47 per share;

•A quarterly dividend on its outstanding 6.50% Series I Cumulative Redeemable Preferred Stock of $0.40625 per share for the period April 15, 2026 through and including July 14, 2026, which was paid in cash on July 15, 2026, 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 23, 2026, at 2:00 p.m. 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-conf.media-server.com/register/BIad64200b18bd402aac10eccae2eddc08.

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 the value of Manhattan commercial properties. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 4 buildings totaling 0.9 million square feet owned by third parties.

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, occupancy, 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: 2026 2025 2026 2025

Rental revenue, net $ 171,846  $ 147,535  $ 337,841  $ 292,053

Escalation and reimbursement revenues 20,036  17,702  40,917  36,203

SUMMIT Operator revenue 31,509  31,007  55,651  53,541

Investment income 2,657  6,339  5,003  22,453

Interest income from real estate loans held by consolidated securitization vehicles 14,743  21,049  29,392  37,030

Fee income 19,435  12,216  39,441  24,491

Other income 3,775  6,068  8,836  15,991

Total revenues 264,001  241,916  517,081  481,762

Expenses:

Operating expenses, including related party expenses of $4 and $6 in 2026 and $0 and $3 in 2025

60,250  51,105  121,707  107,167

Real estate taxes 42,435  37,750  84,347  74,967

Operating lease rent 6,898  6,105  13,842  12,211

SUMMIT Operator expenses 25,520  24,847  50,462  46,611

Interest expense, net of interest income 54,011  45,318  104,920  90,999

Amortization of deferred financing costs 2,156  1,742  4,958  3,429

SUMMIT Operator tax expense 1,223  1,547  1,808  1,502

Interest expense on senior obligations of consolidated securitization vehicles 14,743  21,017  29,392  34,989

Depreciation and amortization 67,279  60,160  137,030  124,658

Loan loss and other investment reserves, net of recoveries —  (46,287) —  (71,326)

Transaction related costs 17  177  301  472

Marketing, general and administrative 22,781  21,579  45,567  43,303

Total expenses 297,313  225,060  594,334  468,982

Equity in net income (loss) from unconsolidated joint ventures 14,948  (22,775) (5,832) (21,605)

Income from debt fund investments, net 5,990  600  8,468  600

Equity in net loss on sale of interest in unconsolidated joint venture/real estate —  (1,946) (814) (1,946)

Purchase price and other fair value adjustments 5,662  (9,617) 9,845  (19,228)

(Loss) gain on sale of real estate, net (4,179) (167) 12,457  (649)

Depreciable real estate reserves —  —  (35,160) (8,546)

Gain on sale of marketable securities —  10,232  —  10,232

Net loss (10,891) (6,817) (88,289) (28,362)

Net income (loss) attributable to noncontrolling interests:

Noncontrolling interests in the Operating Partnership 2,155  775  8,833  2,240

Noncontrolling interests in other partnerships (11,772) 840  (19,506) 5,737

Preferred units distributions (2,258) (2,153) (4,457) (4,307)

Net loss attributable to SL Green (22,766) (7,355) (103,419) (24,692)

Perpetual preferred stock dividends (3,737) (3,737) (7,475) (7,475)

Net loss attributable to SL Green common stockholders $ (26,503) $ (11,092) $ (110,894) $ (32,167)

Earnings Per Share (EPS)

Basic loss per share $ (0.38) $ (0.16) $ (1.58) $ (0.47)

Diluted loss per share $ (0.38) $ (0.16) $ (1.58) $ (0.47)

Funds From Operations (FFO)

Basic FFO per share $ 1.45  $ 1.67  $ 2.30  $ 3.10

Diluted FFO per share $ 1.43  $ 1.63  $ 2.26  $ 3.03

Basic ownership interest

Weighted average REIT common shares for net income per share 70,669  70,436  70,678  70,430

Weighted average partnership units held by noncontrolling interests 4,856  4,019  4,918  4,061

Basic weighted average shares and units outstanding 75,525  74,455  75,596  74,491

Diluted ownership interest

Weighted average REIT common share and common share equivalents 72,018  72,259  72,187  72,306

Weighted average partnership units held by noncontrolling interests 4,856  4,019  4,918  4,061

Diluted weighted average shares and units outstanding 76,874  76,278  77,105  76,367

SL GREEN REALTY CORP.

CONSOLIDATED BALANCE SHEETS

(unaudited and in thousands, except per share data)

June 30, December 31,

2026 2025

Assets

Commercial real estate properties, at cost:

Land and land interests $ 1,579,973  $ 1,699,215

Building and improvements 4,272,142  4,012,305

Building leasehold and improvements 1,478,991  1,448,112

7,331,106  7,159,632

Less: accumulated depreciation (2,359,905) (2,306,377)

4,971,201  4,853,255

Assets held for sale 214,586  —

Cash and cash equivalents 180,788  155,747

Restricted cash 200,961  180,748

Investment in marketable securities 21,273  23,666

Tenant and other receivables 60,180  45,524

Related party receivables 13,867  16,293

Deferred rents receivable 262,008  266,678

Debt and preferred equity investments, net of discounts and deferred origination fees of $3 and $14 in 2026 and 2025, respectively, and allowances of $300 and $454 in 2026 and 2025, respectively

113,085  168,358

Investments in unconsolidated joint ventures 2,849,912  2,819,778

Debt fund investments, at fair value 379,004  152,958

Deferred costs, net 126,621  129,019

Right-of-use assets - operating leases 902,113  864,430

Real estate loans held by consolidated securitization vehicles, at fair value 1,031,212  1,023,877

Other assets 482,190  577,299

Total assets $ 11,809,001  $ 11,277,630

Liabilities

Mortgages and other loans payable $ 2,244,805  $ 2,154,499

Revolving credit facility 850,000  640,000

Unsecured term loan 1,150,000  1,150,000

Deferred financing costs, net (32,386) (13,063)

Total debt, net of deferred financing costs 4,212,419  3,931,436

Accrued interest payable 17,637  15,221

Accounts payable and accrued expenses 129,346  134,621

Deferred revenue 154,999  147,419

Lease liability - financing leases 108,847  108,183

Lease liability - operating leases 844,823  805,192

Dividend and distributions payable 49,009  2,536

Security deposits 70,515  68,276

Liabilities related to assets held for sale 218,333  —

Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities 100,000  100,000

Senior obligations of consolidated securitization vehicles, at fair value 1,031,212  1,023,877

Other liabilities (includes $167,213 and $244,941 at fair value as of June 30, 2026 and December 31, 2025, respectively)

453,851  587,779

Total liabilities 7,390,991  6,924,540

Commitments and contingencies

Noncontrolling interests in Operating Partnership 297,076  241,371

Preferred units and redeemable equity 204,344  199,271

Equity

SL Green stockholders' equity:

Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 and 9,200 issued and outstanding at both June 30, 2026 and December 31, 2025

221,932  221,932

Common stock, $0.01 par value 160,000 shares authorized, 70,853 and 71,159 issued and outstanding at June 30, 2026 and December 31, 2025, respectively

705  711

Additional paid-in capital 4,206,490  4,212,590

Accumulated other comprehensive (income) loss 5,353  (22,198)

Retained deficit (1,016,905) (741,880)

Total SL Green Realty Corp. stockholders’ equity 3,417,575  3,671,155

Noncontrolling interests in other partnerships 499,015  241,293

Total equity 3,916,590  3,912,448

Total liabilities and equity $ 11,809,001  $ 11,277,630

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: 2026 2025 2026 2025

Net loss attributable to SL Green common stockholders $ (26,503) $ (11,092) $ (110,894) $ (32,167)

Add:

Depreciation and amortization 67,279  60,160  137,030  124,658

Joint venture depreciation and noncontrolling interest adjustments 61,761  68,003  124,357  121,364

Net income (loss) attributable to noncontrolling interests 9,617  (1,615) 10,673  (7,977)

Less:

Equity in net loss on sale of interest in unconsolidated joint venture/real estate —  (1,946) (814) (1,946)

Purchase price and other fair value adjustments 5,252  (8,399) 7,476  (14,943)

(Loss) gain on sale of real estate, net (4,179) (167) 12,457  (649)

Depreciable real estate reserves —  —  (35,160) (8,546)

Depreciable real estate reserves in unconsolidated joint venture —  —  —  (1,780)

Depreciation on non-rental real estate assets 1,502  1,421  3,005  2,684

FFO attributable to SL Green common stockholders and unit holders $ 109,579  $ 124,547  $ 174,202  $ 231,058

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: 2026 2025 2026 2025

Net loss $ (10,891) $ (6,817) $ (88,289) $ (28,362)

Depreciable real estate reserves —  —  35,160  8,546

Loss (gain) on sale of real estate, net 4,179  167  (12,457) 649

Purchase price and other fair value adjustments (5,662) 9,617  (9,845) 19,228

Equity in net loss on sale of interest in unconsolidated joint venture/real estate —  1,946  814  1,946

Gain on sale of marketable securities —  (10,232) —  (10,232)

Depreciation and amortization 67,279  60,160  137,030  124,658

SUMMIT Operator tax expense 1,223  1,547  1,808  1,502

Amortization of deferred financing costs 2,156  1,742  4,958  3,429

Interest expense, net of interest income 54,011  45,318  104,920  90,999

Interest expense on senior obligations of consolidated securitization vehicles 14,743  21,017  29,392  34,989

Operating income 127,038  124,465  203,491  247,352

Equity in net (income) loss from unconsolidated joint ventures (14,948) 22,775  5,832  21,605

Income from debt fund investments, net (5,990) (600) (8,468) (600)

Marketing, general and administrative expense 22,781  21,579  45,567  43,303

Transaction related costs 17  177  301  472

Loan loss and other investment reserves, net of recoveries —  (46,287) —  (71,326)

SUMMIT Operator expenses 25,520  24,847  50,462  46,611

Investment income (2,657) (6,339) (5,003) (22,453)

Interest income from real estate loans held by consolidated securitization vehicles (14,743) (21,049) (29,392) (37,030)

SUMMIT Operator revenue (31,509) (31,007) (55,651) (53,541)

Non-building revenue (14,689) (9,647) (32,568) (20,135)

Net operating income (NOI) 90,820  78,914  174,571  154,258

Equity in net income (loss) from unconsolidated joint ventures 14,948  (22,775) (5,832) (21,605)

SLG share of unconsolidated JV depreciable real estate reserves —  —  —  1,780

SLG share of unconsolidated JV depreciation and amortization 70,555  65,153  138,194  128,228

SLG share of unconsolidated JV amortization of deferred financing costs 3,962  3,107  8,418  6,298

SLG share of unconsolidated JV interest expense, net of interest income 71,826  64,290  141,958  127,255

SLG share of unconsolidated JV gain on early extinguishment of debt —  —  4,796  —

SLG share of unconsolidated JV investment income (781) (5,059) (1,205) (9,977)

SLG share of unconsolidated JV loan loss and other investment reserves, net of recoveries —  14,531  —  14,531

SLG share of unconsolidated JV non-building revenue (3,047) (2,280) (3,445) (3,572)

NOI including SLG share of unconsolidated JVs 248,283  195,881  457,455  397,196

NOI from other properties/affiliates (66,862) (22,039) (103,661) (58,503)

Same-Store NOI 181,421  173,842  353,794  338,693

Straight-line and free rent (4,171) (726) (7,612) 567

Amortization of acquired above and below-market leases, net 1,084  863  2,230  1,775

Operating lease straight-line adjustment 157  204  361  408

SLG share of unconsolidated JV straight-line and free rent (9,424) (13,100) (18,946) (23,392)

SLG share of unconsolidated JV amortization of acquired above and below-market leases, net (7,216) (6,190) (13,676) (12,231)

Same-store cash NOI $ 161,851  $ 154,893  $ 316,151  $ 305,820

Lease termination income (1,097) (242) (741) (4,635)

SLG share of unconsolidated JV lease termination income (1,706) (2,232) (6,332) (2,232)

Same-store cash NOI excluding lease termination income $ 159,048  $ 152,419  $ 309,078  $ 298,953

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 the National Association of Real Estate Investment Trusts, or 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 Generally Accepted Accounting Principles, or 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 generation 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 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 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 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

EX-99.2

Filename: a26q2supplemental.htm · Sequence: 3

Document

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 the value of Manhattan commercial properties.

As of June 30, 2026, the Company held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 4 buildings totaling 0.9 million square feet owned by third parties.

•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, occupancy, 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, 2026 that will be included on Form 10-Q to be filed on or before August 10, 2026.

Supplemental Information

2

Second Quarter 2026

TABLE OF CONTENTS

Definitions

4

Highlights

6

Key Financial Data

9

-

11

Office Leasing Statistics

12

Comparative Balance Sheets

13

Comparative Statements of Operations

15

Comparative Computation of FFO and FAD

16

Consolidated Statement of Equity

17

Joint Venture Statements

18

-

19

Selected Financial Data

21

-

24

Debt Summary Schedule

25

-

27

Derivative Summary Schedule

28

Lease Liability Schedule

29

Debt and Preferred Equity Investments

30

Selected Property Data

Property Portfolio

31

-

35

Largest Tenants

36

Tenant Diversification

37

Leasing Activity

38

-

39

Lease Expirations

40

-

42

Summary of Real Estate Acquisition/Disposition Activity

43

-

47

Non-GAAP Disclosures and Reconciliations

48

Analyst Coverage

51

Executive Management

52

Supplemental Information

3

Second Quarter 2026

DEFINITIONS

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, based on the property’s vacancy rate, 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 and the property’s vacancy rate 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.

CMBS Investments - Investments in commercial mortgage-backed securities.

Commenced Occupancy - Calculated based on the square footage for which lease terms have commenced per the underlying lease. For GAAP purposes revenue may not yet be recognized for certain commenced leases as of the reporting date.

Consolidated securitization vehicle - CMBS securitization trusts for which the terms of our investment and special servicing assignment give us the ability to direct the activities that could significantly impact the trust's economic performance.

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 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 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.

Economic Occupancy - Calculated based on the square footage on which revenue is being recognized for GAAP purposes as of the reporting date, which may differ from the square footage on which cash rent is being collected.

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, to bring a property up to the Company's operating standards.

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. The calculation of fixed charge coverage for purposes of our credit facility covenants is governed by the terms of the credit facility.

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 generation 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 the National Association of Real Estate Investment Trusts, or 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 Generally Accepted Accounting Principles, or 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.

Leased Occupancy - Calculated based on the square footage leased under executed leases as of the reporting date, regardless of whether the leases have commenced or the tenants have taken possession of the leased space.

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 - Capital expenditure required to maintain a property at the Company’s operating standards.

Redevelopment costs - Non-recurring capital expenditures incurred to improve properties to the Company’s operating standards.

Rentable Square Footage - The total space designated as rentable under the in-place lease agreements and vacant rentable space available to be leased.

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 2026

DEFINITIONS

Same-Store Properties (Same-Store) - Properties in service and operating during both the current and prior year reporting periods that are located in Manhattan. Same-Store excludes development and redevelopment properties that are not stabilized for both the current and prior year and excludes properties sold. Changes to Same-Store properties in 2026 are as follows:

Added to Same-Store in 2026:

Removed from Same-Store in 2026:

500 Park Avenue 7 Dey Street (sold)

One Madison Avenue

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 wholly owned by the Company or in which the Company has a joint venture interest.

Supplemental Information

5

Second Quarter 2026

SECOND QUARTER 2026 HIGHLIGHTS

Unaudited

NEW YORK, July 22, 2026 - SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported a net loss attributable to common stockholders for the quarter ended June 30, 2026 of $26.5 million, or $0.38 per share, as compared to a net loss of $11.1 million, or $0.16 per share, for the same period in 2025.

The Company reported a net loss attributable to common stockholders for the six months ended June 30, 2026 of $110.9 million and $1.58 per share as compared to net loss of $32.2 million and $0.47 per share for the same period in 2025.

The Company reported FFO for the quarter ended June 30, 2026 of $109.6 million or $1.43 per share. The Company reported FFO of $124.5 million, or $1.63 per share, for the same period in 2025, which included $46.6 million, or $0.61 per share, of income, excluding interest income, related to the repayment of the commercial mortgage investment at 522 Fifth Avenue.

The Company reported FFO for the six months ended June 30, 2026 of $174.2 million and $2.26 per share, net of the write-off of $4.8 million, or $0.06 per share, of unamortized deferred financing costs and inclusive of $2.4 million, or $0.03 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $231.1 million, or $3.03 per share, for the same period in 2025, which included $71.6 million, or $0.94 per share, of income, excluding interest income, related to the repayment of the commercial mortgage investment at 522 Fifth Avenue and net of $14.5 million, or $0.19 per share, of investment reserves and $4.3 million, or $0.06 per share, of negative non-cash fair value adjustments on mark-to-market derivatives.

All per share amounts are presented on a diluted basis.

Operating and Leasing Activity

Manhattan same-store cash NOI, including the Company's share of same-store cash NOI from unconsolidated joint ventures, increased by 4.3% for the second quarter of 2026 and 3.4% for the first six months of 2026, excluding lease termination income, as compared to the same periods in 2025.

During the second quarter of 2026, the Company signed 53 office leases in its Manhattan office portfolio totaling 445,161 square feet. The average rent on the Manhattan office leases signed in the second quarter of 2026 was $93.17 per rentable square foot, with an average lease term of 5.8 years and average tenant concessions of 4.5 months of free rent with a tenant improvement allowance of $58.77 per rentable square foot. Thirty-two leases comprising 308,680 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 $98.42 per rentable square foot, representing a 18.0% increase over the previous fully escalated rents on the same office spaces.

During the six months ended June 30, 2026, the Company signed 104 office leases in its Manhattan office portfolio totaling 1,374,425 square feet. The average rent on the Manhattan office leases signed in 2026 was $101.25 per rentable square foot with an average lease term of 8.5 years and average tenant concessions of 8.8 months of free rent with a tenant improvement allowance of $91.89 per rentable square foot. Sixty-six leases comprising 975,470 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 $109.59 per rentable square foot, representing a 16.6% increase over the previous fully escalated rents on the same office spaces.

Occupancy in the Company's Manhattan same-store office portfolio increased to 94.7% as of June 30, 2026, inclusive of leases signed but not yet commenced, as compared to 94.4% at the end of the previous quarter and 93.0% at the end of 2025. The Company expects to increase Manhattan same-store office occupancy, inclusive of leases signed but not yet commenced, to 95.0% by December 31, 2026.

Supplemental Information

6

Second Quarter 2026

SECOND QUARTER 2026 HIGHLIGHTS

Unaudited

Significant leasing activity in the second quarter and to date in the third quarter includes:

•In July, a new lease with Legora, Inc. for 98,420 square feet at 11 Madison Avenue;

•New expansion lease with Houlihan Lokey, Inc. for 37,611 square feet at 245 Park Avenue;

•New lease with Ryan Specialty LLC for 29,166 square feet at 1185 Avenue of the Americas;

•New lease with Solil Management, LLC for 27,508 square feet at 1185 Avenue of the Americas;

•New lease with Fidelity National Title Insurance for 19,966 square feet at 711 Third Avenue;

•New lease with Kohlberg & Co., L.L.C for 18,820 square feet at 500 Park Avenue.

Investment Activity

In May, the Company closed on the previously announced sale of the residential and retail components of 7 Dey Street for total consideration of $222.6 million. The Company received net cash proceeds of $23.7 million and retained ownership of the 21,000 square foot office condominium.

In May, the Company closed on the sale of a 49.0% joint venture interest in the development of 346 Madison Avenue to Mori Building Co., Ltd., Japan’s leading urban landscape developer, at a gross valuation of $175.0 million and received net cash proceeds of $94.9 million. The Company will retain a 51.0% interest in the project and will serve as the development and leasing manager. The project will be a collaboration between the Company and Mori Building Co., Ltd., uniting the collective vision, design capabilities and development expertise of both firms.

In May, the Company entered into a contract to sell 10 East 53rd Street for total consideration of $312.2 million. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the Company of approximately $100.0 million that will be used for corporate debt repayment.

Deployed $94.7 million of the Company's $1.3 billion SLG Opportunistic Debt Fund during the second quarter and $306.4 million to date in 2026, bringing total deployment to $590.5 million, of which $517.5 million has been funded, and $18.9 million of which has since been repaid.

During the second quarter of 2026, the Company repurchased $14.1 million of common stock at an average price of $49.67 per share.

Earnings Guidance

The Company is increasing its 2026 FFO guidance range for the year ending December 31, 2026 from $4.40-$4.70 per share to $5.60-$5.90 per share, an increase of $1.20 per share at the midpoint, reflecting $0.40 per share of higher NOI from the Company's real estate portfolio, incremental fees and other income, and $0.80 per share of additional income that will be recognized from One Vanderbilt Avenue. The Company is also increasing its 2026 net income guidance range from $(0.27)-$0.03 per share to $0.20-$0.50 per share.

Dividends

In the second quarter of 2026, the Company declared:

•A quarterly ordinary dividend on its outstanding common stock of $0.6175 per share, which was paid in cash on July 15, 2026, and is the equivalent of an annualized dividend of $2.47 per share;

•A quarterly dividend on its outstanding 6.50% Series I Cumulative Redeemable Preferred Stock of $0.40625 per share for the period April 15, 2026 through and including July 14, 2026, which was paid in cash on July 15, 2026, and is the equivalent of an annualized dividend of $1.625 per share.

Supplemental Information

7

Second Quarter 2026

SECOND QUARTER 2026 HIGHLIGHTS

Unaudited

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 23, 2026, at 2:00 p.m. 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-conf.media-server.com/register/BIad64200b18bd402aac10eccae2eddc08.

Supplemental Information

8

Second Quarter 2026

KEY FINANCIAL DATA

Unaudited

(Dollars in Thousands Except Per Share)

As of or for the three months ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Earnings Per Share

Net (loss) income available to common stockholders (EPS) - diluted $ (0.38) $ (1.20) $ (1.49) $ 0.34  $ (0.16)

Funds from operations (FFO) available to common stockholders - diluted $ 1.43  $ 0.84  $ 1.13  $ 1.58  $ 1.63

Common Share Price & Dividends

Closing price at the end of the period $ 51.77  $ 36.94  $ 45.87  $ 59.81  $ 61.90

Closing high price during period $ 52.93  $ 49.39  $ 60.52  $ 65.67  $ 65.94

Closing low price during period $ 36.06  $ 35.33  $ 41.53  $ 52.04  $ 47.90

Annual dividend per common share $ 2.47  $ 2.47  $ 3.09  $ 3.09  $ 3.09

Common Shares & Units

Common shares outstanding 70,853  71,124  71,159  71,028  71,025

Units outstanding 5,547  5,878  4,878  4,850  4,853

Total common shares and units outstanding 76,400  77,002  76,037  75,878  75,878

Weighted average common shares and units outstanding - basic 75,525  75,667  74,331  74,318  74,455

Weighted average common shares and units outstanding - diluted 76,874  77,250  76,594  76,428  76,278

Market Capitalization

Market value of common equity $ 3,955,228  $ 2,844,454  $ 3,487,817  $ 4,538,263  $ 4,696,848

Liquidation value of preferred equity/units and redeemable equity 434,344  434,318  429,271  424,393  425,141

Consolidated debt 4,549,130  4,774,283  4,044,499  4,028,382  3,753,402

Consolidated market capitalization $ 8,938,702  $ 8,053,055  $ 7,961,587  $ 8,991,038  $ 8,875,391

SLG share of unconsolidated JV debt 5,987,615  5,997,411  5,897,198  5,805,174  6,043,432

Market capitalization including SLG share of unconsolidated JVs $ 14,926,317  $ 14,050,466  $ 13,858,785  $ 14,796,212  $ 14,918,823

Debt service coverage, including SLG share of unconsolidated JVs (trailing 12 months) 1.70x 1.71x 1.81x 1.86x 1.85x

Fixed charge coverage, including SLG share of unconsolidated JVs (trailing 12 months) 1.55x 1.56x 1.65x 1.69x 1.67x

Supplemental Information

9

Second Quarter 2026

KEY FINANCIAL DATA

Unaudited

(Dollars in Thousands Except Per Share)

As of or for the three months ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Selected Balance Sheet Data

Real estate assets before depreciation $ 7,331,106  $ 7,612,191  $ 7,159,632  $ 7,135,236  $ 6,731,336

Debt and preferred equity investments 113,085  118,083  168,358  171,412  315,684

Investments in unconsolidated joint ventures 2,849,912  2,723,563  2,819,778  2,818,685  2,873,920

Debt fund investments 379,004  293,243  152,958  73,402  41,356

Cash and cash equivalents 180,788  143,867  155,747  187,039  182,912

Investment in marketable securities 21,273  25,330  23,666  16,099  17,151

Total assets 11,809,001  11,981,740  11,277,630  11,335,379  11,424,867

Consolidated fixed rate & hedged debt 3,619,708  4,108,672  3,678,450  3,603,866  3,367,249

Consolidated variable rate debt 929,422  665,611  366,049  424,516  386,153

Total consolidated debt 4,549,130  4,774,283  4,044,499  4,028,382  3,753,402

Deferred financing costs, net of amortization (32,386) (35,673) (13,063) (13,632) (13,788)

Total consolidated debt, net 4,516,744  4,738,610  4,031,436  4,014,750  3,739,614

Total liabilities 7,390,991  7,620,208  6,924,540  6,933,882  7,062,472

Fixed rate & hedged debt, including SLG share of unconsolidated JV debt 8,876,061  9,372,652  9,092,996  8,930,609  8,836,884

Variable rate debt, including SLG share of unconsolidated JV debt (1)

1,188,643  920,611  370,270  424,516  386,153

ASP debt, including SLG share of unconsolidated ASP JV debt 472,041  478,431  478,431  478,431  573,797

Total debt, including SLG share of unconsolidated JV debt $ 10,536,745  $ 10,771,694  $ 9,941,697  $ 9,833,556  $ 9,796,834

(1) Does not reflect floating rate debt and preferred equity investments that provide a hedge against floating rate debt.

Supplemental Information

10

Second Quarter 2026

KEY FINANCIAL DATA

Unaudited

(Dollars in Thousands Except Per Share)

As of or for the three months ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Selected Operating Data

Property operating revenues $ 191,882  $ 186,876  $ 183,313  $ 168,536  $ 165,237

Property operating expenses (109,583) (110,313) (109,794) (101,406) (94,960)

Property NOI $ 82,299  $ 76,563  $ 73,519  $ 67,130  $ 70,277

SLG share of unconsolidated JV Property NOI 126,175  119,941  119,852  124,381  119,115

Property NOI, including SLG share of unconsolidated JV Property NOI $ 208,474  $ 196,504  $ 193,371  $ 191,511  $ 189,392

SUMMIT Operator revenue 31,509  24,142  35,920  32,883  31,007

Investment income, including SLG share of unconsolidated JVs 3,438  2,770  2,994  8,319  11,398

Income (loss) from debt fund investments, net 5,990  2,478  (3,222) 1,176  600

Interest income from real estate loans held by consolidated securitization vehicles, net —  —  —  —  32

Fee & other income, including SLG share of unconsolidated JVs 28,341  30,449  46,301  33,471  22,977

(Loss) gain on early extinguishment of debt, including SLG share of unconsolidated JVs —  (4,796) —  57,187  —

SUMMIT Operator expenses (25,520) (24,942) (33,794) (35,959) (24,847)

Loan loss and other investment reserves, net of recoveries —  —  —  —  46,287

Transaction costs, including SLG share of unconsolidated JVs (17) (284) (341) (13,129) (177)

Marketing general & administrative expenses (22,781) (22,786) (22,306) (23,701) (21,579)

Income taxes, including SLG share of unconsolidated JVs 1,693  (1,045) 2,305  137  1,296

EBITDAre $ 231,127  $ 202,490  $ 221,228  $ 251,895  $ 256,386

Manhattan Properties

Property operating revenues $ 187,399  $ 182,083  $ 178,189  $ 164,342  $ 160,095

Property operating expenses 96,896  97,548  98,034  88,987  82,287

Property NOI $ 90,503  $ 84,535  $ 80,155  $ 75,355  $ 77,808

Other income - consolidated $ 2,429  $ 964  $ 2,610  $ 1,665  $ 2,013

SLG share of property NOI from unconsolidated JVs $ 126,298  $ 120,056  $ 127,442  $ 124,737  $ 118,869

Office Portfolio Statistics (Manhattan Operating Properties)

Consolidated office buildings in service 17  17  16  16  16

Unconsolidated office buildings in service 10  10  10  10  10

27  27  26  26  26

Consolidated office buildings in service - square footage 10,102,852  10,102,852 9,480,852 9,788,852 9,788,852

Unconsolidated office buildings in service - square footage 13,868,633  13,868,633 13,868,633 13,560,633 13,560,633

23,971,485  23,971,485  23,349,485  23,349,485  23,349,485

Supplemental Information

11

Second Quarter 2026

OFFICE LEASING STATISTICS

Manhattan Operating Properties

As of or for the three months ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Signed Leasing

Same-Store office occupancy inclusive of leases signed not yet commenced 94.7% 94.4% 93.0% 91.9% 90.4%

New leases signed 40  44  44  34  29

Renewal leases signed 13  7  12  18  17

Total office leases signed 53  51  56  52  46

Signed office square footage filling vacancy 136,481 262,474 303,978 338,686 232,475

Signed office square footage on previously occupied space (M-T-M leasing) (1)

308,680 666,790 462,805 319,256 309,246

Total office square footage signed 445,161 929,264 766,783 657,942 541,721

Average starting cash rent psf - office leases signed $ 98.42  $ 114.75  $ 91.74  $ 90.65  $ 95.93

Previous escalated cash rent psf - office leases signed (2)

$ 83.42  $ 98.85  $ 86.22  $ 93.13  $ 93.65

Increase (decrease) in new cash rent over previously escalated cash rent (1) (2)

18.0% 16.1% 6.4% (2.7)% 2.4%

Average lease term 5.8 9.8 8.5 8.9 7.8

Tenant concession packages psf $ 58.77  $ 107.76 $ 97.54 $ 99.09  $ 78.81

Free rent months 4.5 10.9 8.8 9.1 6.3

Commenced Leasing

Same-Store office occupancy based on commenced leases 92.2% 91.1% 90.0% 90.2% 88.2%

New leases commenced 49  43  29  33  34

Renewal leases commenced 13  7  12  18  16

Total office leases commenced 62  50  41  51  50

Commenced office square footage filling vacancy 361,975 277,335 146,707 390,460 372,611

Commenced office square footage on previously occupied space (M-T-M leasing) (1)

339,798 262,692 244,368 384,800 334,144

Total office square footage commenced 701,773 540,027 391,075 775,260 706,755

Average starting cash rent psf - office leases commenced $ 99.04  $ 104.74  $ 84.32  $ 95.42  $ 79.27

Previous escalated cash rent psf - office leases commenced (2)

$ 93.76  $ 99.44  $ 83.28  $ 90.77  $ 88.68

Increase (decrease) in new cash rent over previously escalated cash rent (1) (2)

5.6% 5.3% 1.3% 5.1% (10.6)%

Average lease term 7.6 10.2 5.7 10.5 10.1

Tenant concession packages psf $ 86.99  $ 112.51 $ 49.69 $ 108.39  $ 111.53

Free rent months 6.7 11.0 4.2 9.1 11.4

(1) Calculated on space that was occupied within the previous 12 months.

(2) 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

12

Second Quarter 2026

COMPARATIVE BALANCE SHEETS

Unaudited

(Dollars in Thousands)

As of

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Assets

Commercial real estate properties, at cost:

Land and land interests $ 1,579,973  $ 1,848,531  $ 1,699,215  $ 1,627,895  $ 1,448,504

Building and improvements 4,272,142  4,298,249  4,012,305  4,082,434  3,867,078

Building leasehold and improvements 1,478,991  1,465,411  1,448,112  1,424,907  1,415,754

7,331,106  7,612,191  7,159,632  7,135,236  6,731,336

Less: accumulated depreciation (2,359,905) (2,321,290) (2,306,377) (2,266,042) (2,220,242)

Net real estate 4,971,201  5,290,901  4,853,255  4,869,194  4,511,094

Other real estate investments:

Debt and preferred equity investments, net

113,085

118,083  168,358  171,412  315,684

Investment in unconsolidated joint ventures 2,849,912  2,723,563  2,819,778  2,818,685  2,873,920

Debt fund investments 379,004  293,243  152,958  73,402  41,356

Assets held for sale, net 214,586  211,222  —  —  —

Cash and cash equivalents 180,788  143,867  155,747  187,039  182,912

Restricted cash 200,961  194,772  180,748  170,004  159,905

Investment in marketable securities 21,273 25,330  23,666  16,099  17,151

Tenant and other receivables 60,180  56,724  45,524  136,787  44,444

Related party receivables 13,867  25,161  16,293  15,287  12,030

Deferred rents receivable 262,008  262,730  266,678  268,770  267,046

Deferred costs, net 126,621  129,428  129,019  117,054  117,964

Right-of-use assets - operating leases 902,113  909,377  864,430  869,929  875,379

Real estate loans held by consolidated securitization vehicles 1,031,212  1,027,164  1,023,877  1,013,273  1,431,362

Other assets 482,190  570,175  577,299  608,444  574,620

Total Assets $ 11,809,001  $ 11,981,740  $ 11,277,630  $ 11,335,379  $ 11,424,867

Supplemental Information

13

Second Quarter 2026

COMPARATIVE BALANCE SHEETS

Unaudited

(Dollars in Thousands)

As of

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Liabilities

Mortgages and other loans payable $ 2,244,805  $ 2,509,135  $ 2,154,499  $ 2,288,382  $ 2,043,402

Unsecured term loans 1,150,000  1,150,000  1,150,000  1,150,000  1,150,000

Unsecured notes —  —  —  100,000  100,000

Revolving credit facility 850,000  825,000  640,000  390,000  360,000

Deferred financing costs (32,386) (35,673) (13,063) (13,632) (13,788)

Total debt, net of deferred financing costs 4,212,419  4,448,462  3,931,436  3,914,750  3,639,614

Accrued interest payable 17,637  19,791  15,221  17,803  16,066

Accounts payable and accrued expenses 129,346  118,912  134,621  140,232  130,656

Deferred revenue 154,999  168,980  147,419  164,132  158,111

Lease liability - financing leases 108,847  108,515  108,183  107,846  107,513

Lease liability - operating leases 844,823  851,142  805,192  809,665  814,088

Dividends and distributions payable 49,009  49,380  2,536  21,942  22,150

Security deposits 70,515  73,638  68,276  65,356  60,825

Liabilities related to assets held for sale 218,333  189,842  —  —  —

Junior subordinated deferrable interest debentures 100,000  100,000  100,000  100,000  100,000

Senior obligations of consolidated securitization vehicles 1,031,212  1,027,164  1,023,877  1,013,273  1,431,362

Other liabilities 453,851  464,382  587,779  578,883  582,087

Total Liabilities 7,390,991  7,620,208  6,924,540  6,933,882  7,062,472

Noncontrolling interests in Operating Partnership

(5,547 units outstanding at 6/30/2026)

297,076  259,415  241,371  280,873  287,151

Preferred units and redeemable equity 204,344  204,319  199,271  194,392  195,141

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, 70,853

issued and outstanding at 6/30/2026

705  711  711  710  710

Additional paid–in capital 4,206,490  4,213,856  4,212,590  4,205,443  4,198,303

Accumulated other comprehensive earnings (loss) 5,353  (7,287) (22,198) (19,784) (16,324)

Retained deficit (1,016,905) (892,890) (741,880) (634,653) (613,117)

Total SL Green Realty Corp. stockholders' equity 3,417,575  3,536,322  3,671,155  3,773,648  3,791,504

Noncontrolling interests in other partnerships 499,015  361,476  241,293  152,584  88,599

Total Equity 3,916,590  3,897,798  3,912,448  3,926,232  3,880,103

Total Liabilities and Equity $ 11,809,001  $ 11,981,740  $ 11,277,630  $ 11,335,379  $ 11,424,867

Supplemental Information

14

Second Quarter 2026

COMPARATIVE STATEMENT OF OPERATIONS

Unaudited

(Dollars in Thousands Except Per Share)

Three Months Ended Six Months Ended

June 30, March 31, June 30, June 30, June 30,

2026 2026 2025 2026 2025

Revenues

Rental revenue, net $ 171,846  $ 165,995  $ 147,535  $ 337,841  $ 292,053

Escalation and reimbursement revenues 20,036  20,881  17,702  40,917  36,203

SUMMIT Operator revenue 31,509  24,142  31,007  55,651  53,541

Investment income 2,657  2,346  6,339  5,003  22,453

Interest income from real estate loans held by consolidated securitization vehicles 14,743  14,649  21,049  29,392  37,030

Fee income 19,435  20,006  12,216  39,441  24,491

Other income 3,775  5,061  6,068  8,836  15,991

Total Revenues 264,001  253,080  241,916  517,081  481,762

Expenses

Operating expenses (1)

60,250  61,457  51,105  121,707  107,167

Real estate taxes 42,435  41,912  37,750  84,347  74,967

Operating lease rent 6,898  6,944  6,105  13,842  12,211

SUMMIT Operator expenses 25,520  24,942  24,847  50,462  46,611

Loan loss and other investment reserves, net of recoveries —  —  (46,287) —  (71,326)

Transaction related costs 17  284  177  301  472

Marketing, general and administrative 22,781  22,786  21,579  45,567  43,303

Total Operating Expenses 157,901  158,325  95,276  316,226  213,405

Equity in net income (loss) from unconsolidated joint ventures (2)

14,948  (20,780) (22,775) (5,832) (19,825)

Income from debt fund investments, net (3)

5,990  2,478  600  8,468  600

Operating Income 127,038  76,453  124,465  203,491  249,132

Interest expense, net of interest income 54,011  50,909  45,318  104,920  90,999

Amortization of deferred financing costs 2,156  2,802  1,742  4,958  3,429

SUMMIT Operator tax expense 1,223  585  1,547  1,808  1,502

Interest expense on senior obligations of consolidated securitization vehicles 14,743  14,649  21,017  29,392  34,989

Depreciation and amortization 67,279  69,751  60,160  137,030  124,658

(Loss) Income from Continuing Operations (4)

(12,374) (62,243) (5,319) (74,617) (6,445)

Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate —  (814) (1,946) (814) (1,946)

Purchase price and other fair value adjustments 5,662  4,183  (9,617) 9,845  (19,228)

(Loss) gain on sale of real estate, net (4,179) 16,636  (167) 12,457  (649)

Depreciable real estate reserves —  (35,160) —  (35,160) (8,546)

Depreciable real estate reserves in unconsolidated joint venture —  —  —  —  (1,780)

Net Loss (10,891) (77,398) (6,817) (88,289) (28,362)

Net (income) loss attributable to noncontrolling interests (9,617) (1,056) 1,615  (10,673) 7,977

Preferred units distributions (2,258) (2,199) (2,153) (4,457) (4,307)

Net Loss attributable to SL Green (22,766) (80,653) (7,355) (103,419) (24,692)

Perpetual preferred stock dividends (3,737) (3,738) (3,737) (7,475) (7,475)

Net Loss attributable to SL Green common stockholders $ (26,503) $ (84,391) $ (11,092) $ (110,894) $ (32,167)

Basic loss per share $ (0.38) $ (1.20) $ (0.16) $ (1.58) $ (0.47)

Diluted loss per share $ (0.38) $ (1.20) $ (0.16) $ (1.58) $ (0.47)

(1) Includes property operating expenses and expenses of SL Green Management Corp., Emerge 212, Belmont Insurance Company and Ticonderoga Insurance Company.

(2) Excludes Depreciable real estate reserves in unconsolidated joint ventures.

(3) Includes interest income and realized/unrealized gains/losses from debt fund investments, net of expenses. Excludes fees recognized by us as the debt fund's manager, which are included in Fee income.

(4) Before equity in net (loss) gain, purchase price and other fair value adjustments, (loss) gain on sale and depreciable real estate reserves, and gain on sale of marketable securities shown below.

Supplemental Information

15

Second Quarter 2026

COMPARATIVE COMPUTATION OF FFO AND FAD

Unaudited

(Dollars in Thousands Except Per Share)

Three Months Ended Six Months Ended

June 30, March 31, June 30, June 30, June 30,

2026 2026 2025 2026 2025

Funds from Operations

Net Loss attributable to SL Green common stockholders $ (26,503) $ (84,391) $ (11,092) $ (110,894) $ (32,167)

Depreciation and amortization 67,279  69,751  60,160  137,030  124,658

Joint ventures depreciation and noncontrolling interests adjustments 61,761  62,596  68,003  124,357  121,364

Net income (loss) attributable to noncontrolling interests 9,617  1,056  (1,615) 10,673  (7,977)

Equity in net loss on sale of interest in unconsolidated joint venture/real estate —  814  1,946  814  1,946

Purchase price and other fair value adjustments (5,252) (2,224) 8,399  (7,476) 14,943

Loss (gain) on sale of real estate, net 4,179  (16,636) 167  (12,457) 649

Depreciable real estate reserves —  35,160  —  35,160  8,546

Depreciable real estate reserves in unconsolidated joint venture —  —  —  —  1,780

Depreciation on non-rental real estate assets (1,502) (1,503) (1,421) (3,005) (2,684)

Funds From Operations $ 109,579  $ 64,623  $ 124,547  $ 174,202  $ 231,058

Funds From Operations - Basic per Share $ 1.45  $ 0.85  $ 1.67  $ 2.30  $ 3.10

Funds From Operations - Diluted per Share $ 1.43  $ 0.84  $ 1.63  $ 2.26  $ 3.03

Funds Available for Distribution

FFO $ 109,579  $ 64,623  $ 124,547  $ 174,202  $ 231,058

Non real estate depreciation and amortization 1,502  1,503  1,421  3,005  2,684

Amortization of deferred financing costs 2,156  2,802  1,742  4,958  3,429

Non-cash deferred compensation 9,754  10,213  10,518  19,967  21,055

FAD adjustment for joint ventures (34,157) (29,468) (25,310) (63,625) (51,183)

Straight-line rental income and other non-cash adjustments (30,894) (3,143) (402) (34,037) 2,805

Non-cash fair value adjustments on mark-to-market derivatives (409) (1,960) 1,218  (2,369) 4,286

Second cycle tenant improvements (20,440) (18,526) (33,736) (38,966) (51,594)

Second cycle leasing commissions (3,839) (9,578) (8,551) (13,417) (12,797)

Recurring capital expenditures (10,436) (5,618) (7,914) (16,054) (12,681)

Reported Funds Available for Distribution $ 22,816  $ 10,848  $ 63,533  $ 33,664  $ 137,062

First cycle tenant improvements $ 1,575  $ 2,160  $ 758  $ 3,735  $ 822

First cycle leasing commissions $ 600  $ 17  $ 806  $ 617  $ 934

Development costs $ 147  $ 325  $ 8,830  $ 472  $ 19,468

Redevelopment costs $ 15,697  $ 9,083  $ 5,123  $ 24,780  $ 7,833

Capitalized interest $ 8,210  $ 8,669  $ 6,636  $ 16,879  $ 13,106

Supplemental Information

16

Second Quarter 2026

CONSOLIDATED STATEMENT OF EQUITY

Unaudited

(Dollars in Thousands)

Accumulated

Series I Other

Preferred Common Additional Retained Noncontrolling Comprehensive

Stock Stock Paid-In Capital Deficit Interests Income Total

Balance at December 31, 2025 $ 221,932  $ 711  $ 4,212,590  $ (741,880) $ 241,293  $ (22,198) $ 3,912,448

Net loss (103,419) 19,506  (83,913)

Other comprehensive income 27,551  27,551

Perpetual preferred stock dividends (7,475) (7,475)

DRSPP proceeds —  145  145

Measurement adjustment for redeemable noncontrolling interest (76,863) (76,863)

Deferred compensation plan and stock awards, net of forfeitures and tax withholdings (2) 7,819  933  8,750

Repurchases of common stock (4) (14,064) (14,068)

Contributions to consolidated joint venture interests 3,087  3,087

Contributions to debt fund investments 209,092  209,092

Consolidation of partially owned entity 38,421  38,421

Cash distributions to noncontrolling interests (8,533) (8,533)

Distributions from debt fund investments (4,784) (4,784)

Cash distributions ($1.24 per common share, none of which represented a return of capital for federal income tax purposes)

(87,268) (87,268)

Balance at June 30, 2026 $ 221,932  $ 705  $ 4,206,490  $ (1,016,905) $ 499,015  $ 5,353  $ 3,916,590

RECONCILIATION OF SHARES AND UNITS OUTSTANDING, AND DILUTION COMPUTATION

Common Stock OP Units Stock-Based Compensation Contingently Issuable Shares Diluted Shares

Share and Unit Count at December 31, 2025 71,158,530  4,877,891  76,036,421

YTD activity (305,974) 669,113  —  —  363,139

Share and Unit Count at June 30, 2026 70,852,556  5,547,004  —  —  76,399,560

Weighted Average Share and Unit Count at June 30, 2026 - Basic 70,678,183  4,917,744  —  —  75,595,927

Dilution —  —  757,079  751,888  1,508,967

Weighted Average Share and Unit Count at June 30, 2026 - Diluted 70,678,183  4,917,744  757,079  751,888  77,104,894

Supplemental Information

17

Second Quarter 2026

JOINT VENTURE STATEMENTS

Balance Sheet for Unconsolidated Joint Ventures

Unaudited

(Dollars in Thousands)

As of

June 30, 2026 March 31, 2026 December 31, 2025

Total SLG Share Total SLG Share Total SLG Share

Assets

Commercial real estate properties, at cost:

Land and land interests $ 4,470,880  $ 2,146,539  $ 4,302,573  $ 2,057,636  $ 4,302,573  $ 2,057,636

Building and improvements 13,704,421  6,452,778  13,597,440  6,408,880  13,507,121  6,373,604

Building leasehold and improvements 289,849  195,807  286,233  192,372  283,579  189,850

18,465,150  8,795,124  18,186,246  8,658,888  18,093,273  8,621,090

Less: accumulated depreciation (2,860,667) (1,454,608) (2,757,938) (1,404,182) (2,659,031) (1,355,798)

Net real estate 15,604,483  7,340,516  15,428,308  7,254,706  15,434,242  7,265,292

Other real estate investments:

Debt and preferred equity investments, net 268,187  13,411  256,444  12,824  247,964  12,400

Cash and cash equivalents 274,541  115,710  274,721  111,394  295,847  124,021

Restricted cash 489,957  217,399  502,645  223,541  351,566  182,893

Tenant and other receivables 86,909  56,093  78,298  48,917  58,588  36,256

Deferred rents receivable 754,149  374,081  734,859  365,624  712,535  356,519

Deferred costs, net 416,313  199,918  415,094  200,549  402,783  193,650

Right-of-use assets - financing leases 737,145  515,589  739,301  516,884  741,693  518,403

Right-of-use assets - operating leases 79,202  41,540  80,803  42,490  82,395  43,436

Other assets 1,152,997  535,789  1,221,296  568,209  1,282,576  594,434

Total Assets $ 19,863,883  $ 9,410,046  $ 19,731,769  $ 9,345,138  $ 19,610,189  $ 9,327,304

Liabilities and Equity

Mortgage and other loans payable, net of deferred financing costs of

$104,433 at 6/30/2026, of which $50,118 is SLG share

$ 12,789,062  $ 5,937,497  $ 12,810,512  $ 5,944,078  $ 12,378,150  $ 5,846,722

Accrued interest payable 93,773  33,772  77,149  29,667  62,978  24,356

Accounts payable and accrued expenses 263,231  153,418  273,811  156,662  283,909  157,467

Deferred revenue 781,877  351,507  841,807  380,817  852,035  383,414

Lease liability - financing leases 812,387  553,682  812,663  554,571  812,881  555,399

Lease liability - operating leases 94,176  48,126  95,145  48,681  96,107  49,233

Security deposits 49,721  21,489  47,017  20,127  48,190  20,383

Other liabilities 51,850  27,073  73,390  37,069  89,722  45,366

Equity 4,927,806  2,283,482  4,700,275  2,173,466  4,986,217  2,244,964

Total Liabilities and Equity $ 19,863,883  $ 9,410,046  $ 19,731,769  $ 9,345,138  $ 19,610,189  $ 9,327,304

Supplemental Information

18

Second Quarter 2026

JOINT VENTURE STATEMENTS

Statement of Operations for Unconsolidated Joint Ventures

Unaudited

(Dollars in Thousands)

Three Months Ended

June 30, 2026 March 31, 2026 June 30, 2025

Total SLG Share Total SLG Share Total SLG Share

Revenues

Rental revenue, net $ 330,612  $ 168,318  $ 321,758  $ 163,062  $ 308,376  $ 158,320

Escalation and reimbursement revenues 65,174  34,301  68,539  35,857  58,677  31,960

Investment income 15,626  781  8,480  424  5,563  5,059

Other income 10,676  5,131  11,601  5,382  9,560  4,693

Total Revenues 422,088  208,531  410,378  204,725  382,176  200,032

Loss on early extinguishment of debt(1)

—  —  (9,497) (4,796) —  —

Expenses

Operating expenses 72,588  36,607  75,836  38,356  63,197  32,693

Real estate taxes 75,349  38,181  76,755  38,966  71,658  36,816

Operating lease rent 2,995  1,656  2,995  1,656  5,942  1,656

Total Operating Expenses 150,932  76,444  155,586  78,978  156,777  85,696

Operating Income 271,156  132,087  245,295  120,951  225,399  114,336

Interest expense, net of interest income 143,013  71,826  139,898  70,132  130,336  64,290

Amortization of deferred financing costs 7,518  3,962  8,491  4,456  5,878  3,107

Depreciation and amortization 138,185  70,555  132,612  67,639  125,535  65,153

Basis difference and other adjustments —  (29,204) —  (496) —  4,561

Net (Loss) Income (17,560) 14,948  (35,706) (20,780) (36,350) (22,775)

Basis difference and other adjustments —  4,625  —  1,918  —  4,561

Real estate depreciation 138,184  70,555  132,611  67,638  125,534  65,153

FFO Contribution $ 120,624  $ 90,128  $ 96,905  $ 48,776  $ 89,184  $ 46,939

FAD Adjustments:

Non real estate depreciation and amortization $ 1  $ —  $ 1  $ 1  $ 1  $ —

Amortization of deferred financing costs 7,518  3,962  8,491  4,456  5,878  3,107

Straight-line rental income and other non-cash adjustments (41,866) (17,214) (39,514) (17,310) (48,487) (24,333)

Second cycle tenant improvements (34,074) (17,101) (19,364) (9,741) (6,058) (3,164)

Second cycle leasing commissions (5,066) (2,567) (9,883) (5,601) (159) (399)

Recurring capital expenditures (2,339) (1,237) (2,199) (1,273) (247) (521)

Total FAD Adjustments $ (75,826) $ (34,157) $ (62,468) $ (29,468) $ (49,072) $ (25,310)

First cycle tenant improvements $ 10,265  $ 5,083  $ 12,708  $ 6,126  $ 6,751  $ 3,310

First cycle leasing commissions $ 1,300  $ 412  $ 11,939  $ 5,981  $ 713  $ 224

Development costs $ 27,917  $ 7,119  $ 18,318  $ 4,671  $ 23,235  $ 6,941

Redevelopment costs $ 15,117  $ 7,464  $ 10,820  $ 5,315  $ 20,263  $ 9,787

Capitalized interest $ 12,266  $ 5,574  $ 15,978  $ 7,279  $ 22,623  $ 9,830

(1) Includes the write-off of unamortized deferred financing costs.

Supplemental Information

19

Second Quarter 2026

JOINT VENTURE STATEMENTS

Statement of Operations for Unconsolidated Joint Ventures

Unaudited

(Dollars in Thousands)

Six Months Ended

June 30, 2026 June 30, 2025

Total SLG Share Total SLG Share

Revenues

Rental revenue, net $ 652,370  $ 331,380  $ 609,499  $ 311,525

Escalation and reimbursement revenues 133,713  70,158  121,615  65,819

Investment income 24,106  1,205  10,972  9,977

Other income 22,277  10,513  12,016  6,013

Total Revenues 832,466  413,256  754,102  393,334

Loss on early extinguishment of debt(1)

(9,497) (4,796) —  —

Expenses

Operating expenses 148,424  74,963  131,212  67,507

Real estate taxes 152,104  77,147  143,162  73,534

Operating lease rent 5,990  3,312  12,523  3,312

Loan loss and other investment reserves, net of recoveries —  —  15,980  14,531

Transaction related costs —  —  —  —

Total Operating Expenses 306,518  155,422  302,877  158,884

Operating Income 516,451  253,038  451,225  234,450

Interest expense, net of interest income 282,911  141,958  259,232  127,255

Amortization of deferred financing costs 16,009  8,418  11,897  6,298

Depreciation and amortization 270,797  138,194  246,840  128,228

Basis difference and other adjustments —  (29,700) —  (7,506)

Net Loss (53,266) (5,832) (66,744) (19,825)

Basis difference and other adjustments —  6,543  —  (7,506)

Real estate depreciation 270,795  138,193  246,838  128,227

FFO Contribution $ 217,529  $ 138,904  $ 180,094  $ 100,896

FAD Adjustments:

Non real estate depreciation and amortization $ 2  $ 1  $ 2  $ 1

Amortization of deferred financing costs 16,009  8,418  11,897  6,298

Straight-line rental income and other non-cash adjustments (81,380) (34,524) (94,239) (47,259)

Second cycle tenant improvements (53,438) (26,842) (12,406) (6,390)

Second cycle leasing commissions (14,949) (8,168) (5,225) (3,005)

Recurring capital expenditures (4,538) (2,510) (656) (828)

Total FAD Adjustments $ (138,294) $ (63,625) $ (100,627) $ (51,183)

First cycle tenant improvements $ 22,973  $ 11,209  $ 10,449  $ 5,092

First cycle leasing commissions $ 13,239  $ 6,393  $ 1,524  $ 443

Development costs $ 46,235  $ 11,790  $ 34,240  $ 10,199

Redevelopment costs $ 25,937  $ 12,779  $ 34,882  $ 16,889

Capitalized interest $ 28,244  $ 12,853  $ 42,187  $ 19,260

(1) Includes the write-off of unamortized deferred financing costs.

Supplemental Information

20

Second Quarter 2026

NET OPERATING INCOME(1)

Unaudited

(Dollars in Thousands)

Three Months Ended Six Months Ended

June 30, March 31, June 30, June 30, June 30,

2026 2026 2025 2026 2025

Net Operating Income (1)

$ 91,270  $ 91,863  $ 79,637  $ 183,133  $ 151,649

SLG share of NOI from unconsolidated JVs 126,150  120,096  118,743  246,245  233,339

NOI, including SLG share of unconsolidated JVs 217,420  211,959  198,380  429,378  384,988

Partners' share of NOI - consolidated JVs 9  (12) 2  (3) (1,561)

NOI - SLG share $ 217,429  $ 211,947  $ 198,382  $ 429,375  $ 383,427

NOI, including SLG share of unconsolidated JVs $ 217,420  $ 211,959  $ 198,380  $ 429,378  $ 384,988

Free rent (net of amortization) (8,617) (5,772) (7,530) (14,387) (13,158)

Straight-line revenue adjustment (6,710) (9,639) (11,482) (16,349) (19,795)

Amortization of acquired above and below-market leases, net (7,133) (6,561) (5,676) (13,694) (11,111)

Operating lease straight-line adjustment 558  605  542  1,162  1,070

Straight-line tenant credit loss (574) (188) (56) (763) (494)

Cash NOI, including SLG share of unconsolidated JVs 194,944  190,404  174,178  385,347  341,500

Partners' share of cash NOI - consolidated JVs 9  (27) 2  (18) (1,217)

Cash NOI - SLG share $ 194,953  $ 190,377  $ 174,180  $ 385,329  $ 340,283

(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, 2026 June 30, 2026

NOI Cash NOI NOI Cash NOI

Manhattan Office $ 193,573  $ 172,270  $ 374,342  $ 331,802

Development / Redevelopment 122  353  (50) 763

High Street Retail 4,979  4,385  10,341  9,417

Suburban 979  724  2,149  1,941

Residential 4,255  3,978  8,629  8,075

Total Operating and Development/Redevelopment 203,908  181,710  395,411  351,998

Alternative Strategy Portfolio 11,174  10,705  22,600  21,606

Property Dispositions (2)

2,373  2,337  5,192  5,099

Other (3)

(26) 201  6,172  6,626

Total $ 217,429  $ 194,953  $ 429,375  $ 385,329

(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

21

Second Quarter 2026

SAME STORE NET OPERATING INCOME

Wholly Owned and Consolidated JVs

Unaudited

(Dollars in Thousands)

Three Months Ended Three Months Ended Six Months Ended

June 30, June 30, March 31, June 30, June 30,

2026 2025 % 2026 2026 2025 %

Revenues

Rental revenue, net $ 138,179  $ 135,711  $ 134,332  $ 272,510  $ 270,327

Escalation & reimbursement revenues 17,342  16,352  18,266  35,609  33,569

Other income 1,492  939  (38) 1,454  5,597

Total Revenues $ 157,013  $ 153,002  $ 152,560  $ 309,573  $ 309,493

Expenses

Operating expenses $ 41,945  $ 37,350  $ 43,145  $ 85,090  $ 80,260

Real estate taxes 35,432  35,118  35,132  70,565  70,012

Operating lease rent 6,059  6,106  6,106  12,165  12,211

Total Operating Expenses $ 83,436  $ 78,574  $ 84,383  $ 167,820  $ 162,483

Operating Income $ 73,577  $ 74,428  $ 68,177  $ 141,753  $ 147,010

Interest expense & amortization of financing costs $ 22,982  $ 21,857  $ 23,295  $ 46,278  $ 43,164

Depreciation & amortization 51,325  49,548  49,502  100,826  101,407

(Loss) income before noncontrolling interest $ (730) $ 3,023  $ (4,620) $ (5,351) $ 2,439

Real estate depreciation & amortization 51,325  49,548  49,502  100,826  101,407

FFO Contribution $ 50,595  $ 52,571  $ 44,882  $ 95,475  $ 103,846

Non–building revenue (340) (686) (302) (642) (939)

Interest expense & amortization of financing costs 22,982  21,857  23,295  46,278  43,164

Non-real estate depreciation —  —  —  —  —

NOI $ 73,237  $ 73,742  (0.7) % $ 67,875  $ 141,111  $ 146,071  (3.4) %

Non-cash adjustments $ (2,930) 341  (2,089) (5,021) 2,750

Cash NOI $ 70,307  $ 74,083  (5.1) % $ 65,786  $ 136,090  $ 148,821  (8.6) %

Lease termination income (1,097) (242) 356  (741) (4,635)

Cash NOI excluding lease termination income $ 69,210  $ 73,841  (6.3) % $ 66,142  $ 135,349  $ 144,186  (6.1) %

Operating Margins

NOI to real estate revenue, net 46.7  % 48.4  % 44.6  % 45.7  % 47.3  %

Cash NOI to real estate revenue, net 44.9  % 48.6  % 43.2  % 44.1  % 48.2  %

NOI before operating lease rent/real estate revenue, net 50.6  % 52.4  % 48.6  % 49.6  % 51.3  %

Cash NOI before operating lease rent/real estate revenue, net 48.6  % 52.5  % 47.1  % 47.9  % 52.1  %

Supplemental Information

22

Second Quarter 2026

SAME STORE NET OPERATING INCOME

Unconsolidated JVs

Unaudited

(Dollars in Thousands, SLG Share)

Three Months Ended Three Months Ended Six Months Ended

June 30, June 30, March 31, June 30, June 30,

2026 2025 % 2026 2026 2025 %

Revenues

Rental revenue, net $ 143,600  $ 133,920  $ 137,905  $ 281,505  $ 263,558

Escalation & reimbursement revenues 32,329  29,369  34,155  66,484  60,171

Other income 2,431  2,542  5,042  7,473  2,801

Total Revenues $ 178,360  $ 165,831  $ 177,102  $ 355,462  $ 326,530

Expenses

Operating expenses $ 33,818  $ 30,420  $ 35,818  $ 69,636  $ 63,333

Real estate taxes 35,555  34,897  36,264  71,818  69,798

Operating lease rent 108  108  108  217  217

Total Operating Expenses $ 69,481  $ 65,425  $ 72,190  $ 141,671  $ 133,348

Operating Income $ 108,879  $ 100,406  $ 104,912  $ 213,791  $ 193,182

Interest expense & amortization of financing costs $ 67,410  $ 62,709  $ 66,505  $ 133,915  $ 124,956

Depreciation & amortization 62,184  57,689  59,141  121,325  114,197

Loss before noncontrolling interest $ (20,715) $ (19,992) $ (20,734) $ (41,449) $ (45,971)

Real estate depreciation & amortization 62,183  57,688  59,140  121,324  114,196

FFO Contribution $ 41,468  $ 37,696  $ 38,406  $ 79,875  $ 68,225

Non–building revenue (695) (306) (413) (1,108) (560)

Interest expense & amortization of financing costs 67,410  62,709  66,505  133,915  124,956

Non-real estate depreciation 1  1  1  1  1

NOI $ 108,184  $ 100,100  8.1  % $ 104,499  $ 212,683  $ 192,622  10.4  %

Non-cash adjustments $ (16,640) $ (19,290) $ (15,980) $ (32,622) $ (35,623)

Cash NOI $ 91,544  $ 80,810  13.3  % $ 88,519  $ 180,061  $ 156,999  14.7  %

Lease termination income (1,706) (2,232) (4,626) (6,332) (2,232)

Cash NOI excluding lease termination income $ 89,838  $ 78,578  14.3  % $ 83,893  $ 173,729  $ 154,767  12.3  %

Operating Margins

NOI to real estate revenue, net 60.9  % 60.5  % 59.1  % 60.0  % 59.1  %

Cash NOI to real estate revenue, net 51.5  % 48.8  % 50.1  % 50.8  % 48.2  %

NOI before operating lease rent/real estate revenue, net 61.0  % 60.5  % 59.2  % 60.1  % 59.2  %

Cash NOI before operating lease rent/real estate revenue, net 51.6  % 48.9  % 50.2  % 50.9  % 48.2  %

Supplemental Information

23

Second Quarter 2026

SAME STORE NET OPERATING INCOME

Consolidated and Share of Unconsolidated JVs

Unaudited

(Dollars in Thousands)

Three Months Ended Three Months Ended Six Months Ended

June 30, June 30, March 31, June 30, June 30,

2026 2025 % 2026 2026 2025 %

Revenues

Rental revenue, net $ 138,179  $ 135,711  $ 134,332  $ 272,510  $ 270,327

Escalation & reimbursement revenues 17,342  16,352  18,266  35,609  33,569

Other income 1,492  939  (38) 1,454  5,597

Total Revenues $ 157,013  $ 153,002  $ 152,560  $ 309,573  $ 309,493

Equity in net income (loss) from unconsolidated joint ventures (1)

$ (20,715) $ (19,992) $ (20,734) $ (41,449) $ (45,971)

Expenses

Operating expenses $ 41,945  $ 37,350  $ 43,145  $ 85,090  $ 80,260

Real estate taxes 35,432  35,118  35,132  70,565  70,012

Operating lease rent 6,059  6,106  6,106  12,165  12,211

Total Operating Expenses $ 83,436  $ 78,574  $ 84,383  $ 167,820  $ 162,483

Operating Income $ 52,862  $ 54,436  $ 47,443  $ 100,304  $ 101,039

Interest expense & amortization of financing costs $ 22,982  $ 21,857  $ 23,295  $ 46,278  $ 43,164

Depreciation & amortization 51,325  49,548  49,502  100,826  101,407

Loss before noncontrolling interest $ (21,445) $ (16,969) $ (25,354) $ (46,800) $ (43,532)

Real estate depreciation & amortization 51,325  49,548  49,502  100,826  101,407

Joint Ventures Real estate depreciation & amortization (1)

62,183  57,688  59,140  121,324  114,196

FFO Contribution $ 92,063  $ 90,267  $ 83,288  $ 175,350  $ 172,071

Non–building revenue (340) (686) (302) (642) (939)

Joint Ventures Non–building revenue (1)

(695) (306) (413) (1,108) (560)

Interest expense & amortization of financing costs 22,982  21,857  23,295  46,278  43,164

Joint Ventures interest expense & amortization of financing costs (1)

67,410  62,709  66,505  133,915  124,956

Non-real estate depreciation —  —  —  —  —

Joint Ventures Non-real estate depreciation (1)

1  1  1  1  1

NOI $ 181,421  $ 173,842  4.4  % $ 172,374  $ 353,794  $ 338,693  4.5  %

Non-cash adjustments $ (2,930) $ 341  $ (2,089) $ (5,021) $ 2,750

Joint Ventures non-cash adjustments (1)

(16,640) (19,290) (15,980) (32,622) (35,623)

Cash NOI $ 161,851  $ 154,893  4.5  % $ 154,305  $ 316,151  $ 305,820  3.4  %

Lease termination income $ (1,097) $ (242) $ 356  $ (741) $ (4,635)

Joint Ventures lease termination income (1)

(1,706) (2,232) (4,626) (6,332) (2,232)

Cash NOI excluding lease termination income $ 159,048  $ 152,419  4.3  % $ 150,035  $ 309,078  $ 298,953  3.4  %

Operating Margins

NOI to real estate revenue, net 54.3  % 54.7  % 52.4  % 53.3  % 53.4  %

Cash NOI to real estate revenue, net 48.4  % 48.7  % 46.9  % 47.7  % 48.2  %

NOI before operating lease rent/real estate revenue, net 56.1  % 56.6  % 54.3  % 55.2  % 55.3  %

Cash NOI before operating lease rent/real estate revenue, net 50.2  % 50.6  % 48.7  % 49.5  % 50.1  %

(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

24

Second Quarter 2026

DEBT SUMMARY SCHEDULE

Consolidated

Unaudited

(Dollars in Thousands)

Principal 2026 Current Final Principal

Ownership Outstanding Principal Maturity Maturity Due at

Fixed rate debt Interest (%) 6/30/2026 Coupon (1) Amortization Date Date (2) Final Maturity

Secured fixed rate debt

100 Church Street (swapped) 100.0  $ 365,000  5.89% $ —  Dec-26 Jun-28 $ 365,000

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

315 West 33rd St (The Olivia) (3) 100.0  250,000  4.24% —  Feb-27 Feb-27 250,000

10 East 53rd Street (swapped) (4) 100.0  204,325  5.37% —  May-27 May-28 (5) 204,325

500 Park Avenue (swapped) 100.0  80,000  6.57% —  Jan-28 Jan-30 80,000

800 Third Avenue (swapped) 100.0  177,000  5.15% —  Feb-29 Feb-31 177,000

610 Park Avenue 100.0  12,200  4.65% —  Nov-29 Nov-29 12,200

65 East 55th Street (Park Avenue Tower) 95.0  480,000  5.25% —  Feb-31 Feb-31 480,000

420 Lexington Avenue (Graybar) 100.0  251,183  8.24% —  Oct-40 Oct-40 251,183

$ 2,369,708  5.40% $ —  $ 2,369,708

Unsecured fixed rate debt

Revolving credit facility (swapped) 100.0  $ 400,000  4.62% (6) $ —  Jun-30 Jun-31 (5) $ 400,000

Term Loan C (swapped) 100.0  750,000  4.33% (6) —  Jun-31 Jun-31 750,000

Junior subordinated deferrable interest debentures (swapped) 100.0  100,000  5.27% —  Jul-35 Jul-35 100,000

$ 1,250,000  4.50% $ —  $ 1,250,000

Total Fixed Rate Debt $ 3,619,708  5.09% $ —  $ 3,619,708

Floating rate debt

Unsecured floating rate debt

Term Loan B (SOFR + 180 bps) 100.0  $ 100,000  5.45% Nov-26 Nov-26 100,000

Term Loan A (SOFR + 170 bps) 100.0  300,000  5.35% May-27 May-27 $ 300,000

Debt fund subscription line (SOFR + 220 bps) 9.1  79,422  (7) 5.88% Aug-27 Aug-28 $ 79,422

Revolving credit facility (SOFR + 125 bps) 100.0  450,000  4.90% Jun-30 Jun-31 (5) $ 450,000

$ 929,422  5.19% $ —  $ 929,422

Total Floating Rate Debt $ 929,422  5.19% $ —  $ 929,422

Consolidated Debt $ 4,549,130  5.11%

Total Debt - Consolidated $ 4,549,130  5.11% $ —  $ 4,549,130

Debt related to assets held for sale (204,325)

Deferred financing costs (32,386)

Total Debt - Consolidated, net $ 4,312,419  5.35%

Total Debt - Unconsolidated JV, net $ 5,937,497  4.62%

Debt including SLG share of JV Debt $ 10,064,704  4.84%

Alternative Strategy Portfolio Debt including SLG share of JV Debt $ 472,041  4.62%

Total Debt including SLG share of JV Debt $ 10,536,745  4.83%

Weighted Average Balance & Interest Rate for the quarter, including SLG share of JV Debt $ 10,696,436  4.88%

(1) Coupon for floating rate debt determined using the effective Term SOFR rate at the end of the quarter of 3.65%. Coupon for loans that are subject to alternative SOFR rates, SOFR floors, interest rate caps or interest rate swaps were determined using the alternative SOFR rates, 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/or result in adjusted terms.

(3) The Company has a preferred equity investment in this property.

(4) This property is held for sale as of June 30, 2026.

(5) As-of-right extension.

(6) Represents a blended swapped rate inclusive of multiple swaps.

(7) The Fund has access to a subscription line with a maximum commitment of $200 million as of June 30, 2026, secured by investor capital commitments. The facility is used to fund investments prior to capital calls and is repaid through capital contributions. The subscription line is non-recourse to the Company.

Supplemental Information

25

Second Quarter 2026

DEBT SUMMARY SCHEDULE

Unconsolidated JVs

Unaudited

(Dollars in Thousands)

Principal Outstanding

2026 Principal

Current Final Principal Due at

Ownership 6/30/2026 Amortization Maturity Maturity Final Maturity

Fixed rate debt Interest (%) Gross Principal SLG Share Coupon (1) (SLG Share) Date Date (2) (SLG Share)

280 Park Avenue (swapped) 50.0  $ 1,075,000  $ 537,500  5.84% $ —  Sep-26 Sep-28 $ 537,500

1515 Broadway 56.9  672,225  382,288  3.93% 6,957  Mar-27 Mar-28 358,544

450 Park Avenue (swapped) 25.1  273,616  68,678  6.57% (3) —  Jun-27 Jun-27 72,899

245 Park Avenue 50.1  1,768,000  885,768  4.30% —  Jun-27 Jun-27 885,768

220 East 42nd 51.0  496,412  253,170  6.77% —  Dec-27 Dec-27 253,170

100 Park Avenue 50.8  382,872  194,499  5.73% —  Jan-28 Jan-29 194,499

15 Beekman 20.0  117,000  23,400  4.83% —  Jan-28 Jan-28 23,400

11 Madison Avenue 60.0  1,400,000  840,000  5.63% —  Oct-30 Oct-30 840,000

One Madison Avenue 25.5  1,650,000  420,750  5.81% —  Apr-31 Apr-31 420,750

One Vanderbilt Avenue 55.0  3,000,000  1,650,300  2.95% —  Jul-31 Jul-31 1,650,300

$ 10,835,125  $ 5,256,353  4.54% (4) $ 6,957  $ 5,236,830

Alternative strategy portfolio

650 Fifth Avenue 50.0  $ 65,000  $ 32,500  5.45% $ —  Jul-26 (5) Jul-26 $ 32,500

115 Spring Street 51.0  66,551  33,941  5.50% —  Sep-26 Sep-26 33,941

Worldwide Plaza 25.1  1,200,000  300,600  3.98% —  Nov-27 Nov-27 300,600

$ 1,331,551  $ 367,041  4.25% (4) $ —  $ 367,041

Total Fixed Rate Debt $ 12,166,676  $ 5,623,394  4.52% (4) $ 6,957  $ 5,603,871

Floating rate debt

919 Third Avenue (SOFR + 250 bps) 51.0  $ 500,000  $ 255,000  6.15% $ —  Apr-27 Apr-28 $ 255,000

450 Park Avenue (SOFR + 210 bps) 25.1  16,819  4,221  5.75% —  Jun-27 Jun-27 72,899

$ 516,819  $ 259,221  6.15% (4) $ —  $ 327,899

Alternative strategy portfolio

650 Fifth Avenue (SOFR + 225 bps) 50.0  $ 210,000  $ 105,000  5.90% —  Jul-26 (5) Jul-26 $ 105,000

$ 210,000  $ 105,000  5.90% (4) $ —  $ 105,000

Total Floating Rate Debt $ 726,819  $ 364,221  6.08% (4) $ —  $ 432,899

Unconsolidated JV Debt $ 11,351,944  $ 5,515,574  4.62% (4)

Alternative Strategy Portfolio Debt $ 1,541,551  $ 472,041  4.62% (4)

Total Debt - Unconsolidated JV $ 12,893,495  $ 5,987,615  4.62% (4) $ 6,957  $ 6,036,770

Deferred financing costs (104,433) (50,118)

Total Debt - Unconsolidated JV, net $ 12,789,062  $ 5,937,497  4.62% (4)

(1) Coupon for floating rate debt determined using the effective Term SOFR rate at the end of the quarter of 3.65%. Coupon for loans that are subject to alternative SOFR rates, SOFR floors, interest rate caps or interest rate swaps were determined using the alternative SOFR rates, 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/or result in adjusted terms.

(3) Coupon reflects interest rate swaps executed at the corporate level for SLG’s share of the outstanding debt.

(4) Calculated based on SL Green's share of the outstanding debt.

(5) The Company is in discussions with the lender on resolution of the past maturity.

Supplemental Information

26

Second Quarter 2026

DEBT COMPOSITION AND CORPORATE DEBT COVENANTS

Unaudited

(Dollars in Thousands)

Composition of Debt

Core Portfolio Alternative Strategy Portfolio Total

Fixed Rate Debt

Consolidated $ 3,619,708  $ —  $ 3,619,708

SLG Share of JV 5,256,353  367,041  5,623,394

Total Fixed Rate Debt $ 8,876,061  88.2% $ 367,041  77.8% $ 9,243,102  87.7%

Floating Rate Debt

Consolidated $ 929,422  $ —  $ 929,422

SLG Share of JV 259,221  105,000  364,221

1,188,643  11.8% 105,000  22.2% 1,293,643  12.3%

Debt & Preferred Equity and CMBS Investments (78,543) (0.8)% —  —% (78,543) (0.7)%

Total Floating Rate Debt $ 1,110,100  11.0% $ 105,000  22.2% $ 1,215,100  11.5%

Total Debt $ 10,064,704  $ 472,041  $ 10,536,745

Revolving Credit Facility Covenants (1)

Actual Required

Total Debt / Total Assets 45.2% Less than 60%

Consolidated Fixed Charge Coverage 1.87x Greater than 1.50x

Maximum Secured Indebtedness 25.6% Less than 50%

Maximum Unencumbered Leverage Ratio 44.5% Less than 60%

(1) Covenants calculated pursuant to the terms of the underlying facility or notes.

Supplemental Information

27

Second Quarter 2026

DERIVATIVE SUMMARY SCHEDULE

Unaudited

(Dollars in Thousands)

Consolidated Interest Rate Derivatives Notional Value Fair Value

Ownership 6/30/2026 6/30/2026

Secured Debt Interest (%) Gross SLG Share Gross SLG Share

Instrument (1)

Strike Rate (1)

Effective Date Maturity Date

100 Church Street 100.0  $370,000 $370,000 $165 $165 Swap 3.89  % November 2022 June 2027

SLGOP - 450 Park Avenue 100.0  68,678 68,678 (354) (354) (2) Swap 4.47  % August 2024 June 2027

500 Park Avenue 100.0  80,000 80,000 (278) (278) Swap 4.17  % February 2025 February 2028

10 East 53rd Street 100.0  204,325 204,325 114 114 Swap 3.92  % February 2025 May 2028

800 Third Avenue 100.0  177,000 177,000 2,510 2,510 Swap 3.33  % February 2026 February 2029

Subtotal $2,157 $2,157

Unsecured Debt

Revolving Credit Facility 100.0  $125,000 $125,000 $100 $100 Swap 3.67  % August 2024 December 2026

Revolving Credit Facility 100.0  125,000  125,000 99  99  Swap 3.67  % August 2024 December 2026

Term Loan C 100.0  200,000  200,000 1,490  1,490  Swap 2.59  % February 2023 February 2027

Term Loan C 100.0  100,000  100,000 561  561  Swap 2.90  % February 2023 February 2027

Term Loan C 100.0  100,000  100,000 661  661  Swap 2.73  % February 2023 February 2027

Term Loan C 100.0  50,000  50,000 410  410  Swap 2.46  % February 2023 February 2027

Term Loan C & Revolving Credit Facility 100.0  300,000  300,000 2,622  2,622  Swap 2.87  % July 2023 May 2027

Term Loan C 100.0  150,000  150,000 514  514  Swap 3.52  % January 2024 May 2027

Junior subordinated deferrable interest debentures 100.0  100,000 100,000 317 317 Swap 3.76  % January 2023 January 2028

Forward-starting Derivatives

SLGOP – 100 Church Street 100.0  $357,500 $357,500 $3,349 $3,349 Swap 2.98  % June 2027 June 2028

Term Loan C 100.0  225,000  225,000 —  —  Swap 3.92  % February 2027 January 2029

Term Loan C 100.0  225,000  225,000 11  11  Swap 3.86  % February 2027 January 2030

Subtotal $10,134 $10,134

Unconsolidated JV Interest Rate Derivatives

919 Third Avenue 51.0  $500,000 $255,000 $77 $39 Cap 5.25  % February 2026 April 2027

280 Park Avenue 50.0  537,500 268,750 (1,662) (831) Swap 4.07  % July 2024 September 2028

280 Park Avenue 50.0  268,750 134,375 (677) (339) Swap 4.04  % July 2024 September 2028

280 Park Avenue 50.0  268,750 134,375 (786) (393) Swap 4.06  % July 2024 September 2028

Subtotal $(3,048) $(1,524)

Foreign Currency Derivatives

Summit Paris 85.0  $39,878 $33,896 $(451) $ (383) (2) FX Forward Contracts N/A March 2026 July 2026 - June 2027

Summit Paris 85.0  30,492  25,918 (283) (241) (2) FX Forward Contracts N/A March 2026 October 2027 - June 2032

Subtotal $(734) $(624)

Total, SLG Share $8,509 $10,143

(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.

Supplemental Information

28

Second Quarter 2026

SUMMARY OF LEASE LIABILITIES

Unaudited

(Dollars in Thousands)

Scheduled Cash Payment (1)

Lease Year of Final

Property 2026 2027 2028 2029

Liabilities (2)

Expiration (3)

Consolidated Lease Liabilities (SLG Share)

Operating Leases

1185 Avenue of the Americas $ 3,455  $ 6,909  $ 6,909  $ 6,909  $ 79,201  2043

SL Green Headquarters at One Vanderbilt 1,381   (4) 2,762   (4) 2,971   (4) 3,075   (4) 84,779  2048

800 Seventh Avenue 1,677  3,355  3,355  3,355  50,150  2048

Summit One Vanderbilt 5,954   (4) 11,270   (4) 11,293   (4) 11,293   (4) 431,731  2070

420 Lexington Avenue (Graybar) 5,599  11,199  11,199  11,199  167,107  2080

711 Third Avenue 1,375   (5) 5,500   (5) 5,500   (5) 5,500   (5) 31,855   (5) 2083

Total $ 19,441  $ 40,995  $ 41,227  $ 41,331  $ 844,823

Financing Leases

15 Beekman $ 1,640  $ 3,325  $ 3,375  $ 3,426  $ 108,847  2119 (6)

Total $ 1,640  $ 3,325  $ 3,375  $ 3,426  $ 108,847

SLG

Scheduled Cash Payment (1)

Lease Year of Final

Property Interest (%) 2026 2027 2028 2029

Liabilities (2)

Expiration (3)

Unconsolidated Joint Venture Lease Liabilities (SLG Share)

Operating Leases

Equinox Studio City (7)

66.7 $ 614  $ 1,387  $ 1,387  $ 925  $ 4,156  2029

Alternative strategy portfolio

650 Fifth Avenue (Floors 4-6) 50.0 $ 907  $ 1,935  $ 1,935  $ 1,935  $ 11,858  2053

650 Fifth Avenue (Floors b-3) 50.0 787  1,585  1,605  1,726  32,112  2062

Total $ 2,308  $ 4,907  $ 4,927  $ 4,586  $ 48,126

Financing Leases

One Vanderbilt Avenue Garage 55.0 $ 83  $ 167  $ 168  $ 170  $ 2,692  2069

885 Third Avenue 34.1 409  817  817  817  15,967  2119

1560 Broadway Signage 50.0 413  825  825  825  11,639  2073

Alternative strategy portfolio

650 Fifth Avenue (Floors b-3) 50.0 $ 3,682  $ 7,364  $ 7,464  $ 8,101  $ 105,975  2062

2 Herald Square 95.0 7,551  3,775  —  —  395,620  2077 (6)

Total $ 12,138  $ 12,948  $ 9,274  $ 9,913  $ 531,893

(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, 2026.

(3) Reflects all available extension options.

(4) Reflects scheduled cash payments net of the Company's 55.0% 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.

Supplemental Information

29

Second Quarter 2026

DEBT AND PREFERRED EQUITY INVESTMENTS

Unaudited

(Dollars in Thousands, Except Per Square Foot Amounts)

Weighted Average:

Floating Fixed

Total Book Value (1)

Senior Financing Exposure PSF Book Value During Quarter

Yield During Quarter (2)

Yield At End Of Quarter (3)

3/31/2026 $ 77,597  $ 40,486  $ 118,083  $ 430,528  $ 715  $ 118,381  6.88% 7.04%

Debt investment originations/fundings/accretion

(4)

2  5,000  5,002

Preferred Equity investment originations/accretion

(4)

—  —  —

Joint venture investment originations/accretion/amortization

(4)

—  —  —

Repayment/Sales/Syndications/Equity Ownership/Amortization —  (10,000) (10,000)

Reserves/Realized Losses —

6/30/2026 $ 77,599  $ 35,486  $ 113,085  $ 430,528  $ 741  $ 113,054  7.51% 7.60%

Debt and Preferred Equity Maturity Profile

2026

2027

2028

2029

2030 & Thereafter

Floating Rate $ 9,268  $ 68,331  $ —  $ —  $ —

Fixed Rate —  15,486  —  20,000  —

$ 9,268  $ 83,817  $ —  $ 20,000  $ —

(1) Net of unamortized fees, discounts, premiums.

(2) Excludes loan loss reserves and accelerated fee income resulting from early repayment, if any.

(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

30

Second Quarter 2026

SELECTED PROPERTY DATA

Manhattan Operating Properties

Unaudited

(Dollars in Thousands)

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Economic (4) Leased (2) Occupied (3) Economic (4) ($'s) SLG Share ($'s)

CONSOLIDATED PROPERTIES

"Same Store"

10 East 53rd Street 100.0 Plaza District Fee Interest 354,300  1.5  90.7  90.7  88.4  95.5  95.5  93.2  $31,651 $31,651 36

100 Church Street 100.0 Downtown Fee Interest 1,047,500  4.4  94.0  94.0  94.0  94.0  93.3  92.9  47,854 47,854 18

110 Greene Street 100.0 Soho Fee Interest 223,600  0.9  95.1  93.1  93.1  95.6  94.7  94.7  19,564 19,564 53

125 Park Avenue 100.0 Grand Central Fee Interest 604,245  2.5  98.8  92.8  89.0  99.2  98.0  96.8  45,598 45,598 22

304 Park Avenue South 100.0 Midtown South Fee Interest 215,000  0.9  91.9  91.9  91.9  91.9  91.9  91.9  18,655 18,655 6

420 Lexington Ave (Graybar) 100.0 Grand Central North Leasehold Interest 1,188,000  5.2  94.9  92.3  92.3  92.6  90.6  90.6  92,005 92,005 185

461 Fifth Avenue 100.0 Midtown Fee Interest 200,000  0.8  92.3  87.0  87.0  90.2  85.0  85.0  15,736 15,736 19

485 Lexington Avenue 100.0 Grand Central North Fee Interest 921,000  3.8  78.2  78.2  78.2  78.2  76.3  71.6  48,606 48,606 36

555 West 57th Street 100.0 Midtown West Fee Interest 941,000  3.9  77.2  77.2  77.2  77.2  77.2  77.2  48,783 48,783 11

711 Third Avenue      100.0 (5) Grand Central North Leasehold Interest (5) 524,000  2.2  84.7  84.0  84.0  85.7  73.5  73.5  28,803 28,803 19

800 Third Avenue 100.0 Grand Central North Fee Interest 526,000  2.2  89.7  89.4  88.7  90.3  86.7  86.2  34,042 34,042 44

810 Seventh Avenue 100.0 Times Square Fee Interest 692,000  2.9  86.9  84.0  84.0  87.0  86.4  85.1  42,565 42,565 44

885 Third Avenue 100.0 Midtown / Plaza District Fee / Leasehold Interest 218,796  0.9  89.6  84.5  84.5  86.5  84.5  81.2  12,343 12,343 16

1185 Avenue of the Americas 100.0 Rockefeller Center Leasehold Interest 1,062,000  4.4  92.8  81.8  81.8  92.8  77.0  72.3  66,788 66,788 28

1350 Avenue of the Americas 100.0 Rockefeller Center Fee Interest 562,000  2.3  81.4  74.7  74.7  80.7  73.3  73.3  34,250 34,250 44

Added to Same Store in 2026

500 Park Avenue 100.0 Park Avenue Fee Interest 201,411  0.8  100.0  90.7  90.7  90.7  90.7  90.7  17,079 17,079 12

Subtotal / Weighted Average 9,480,852  39.6  % 88.9  % 85.8  % 85.5  % 88.6  % 84.7  % 83.3  % $604,322 $604,322 593

"Non Same Store"

65 East 55th Street (Park Avenue Tower) 95.0 Plaza District Fee Interest 622,000  2.5  96.6  94.8  94.8  96.6  94.8  94.8  $67,870 $67,870 29

Subtotal / Weighted Average 622,000  2.5  % 96.6  % 94.8  % 94.8  % 96.6  % 94.8  % 94.8  % $67,870 $67,870 29

Total / Weighted Average Consolidated Properties 10,102,852  42.1  % 89.4  % 86.4  % 86.0  % 89.1  % 85.3  % 84.0  % $672,192 $672,192 622

UNCONSOLIDATED PROPERTIES

"Same Store"

One Vanderbilt Avenue 55.0 Grand Central Fee Interest 1,657,198  6.9  100.0  100.0  100.0  100.0  100.0  100.0  $294,615 $162,038 39

11 Madison Avenue 60.0 Park Avenue South Fee Interest 2,314,000  9.7  99.9  96.5  93.0  99.9  96.5  87.9  181,425 108,856 9

100 Park Avenue 50.8 Grand Central South Fee Interest 834,000  3.5  99.4  95.7  95.7  99.4  96.8  73.0  62,571 31,786 38

220 East 42nd Street 51.0 Grand Central Fee Interest 1,135,000  4.7  95.5  95.5  95.1  94.0  93.8  92.9  74,848 38,172 38

245 Park Avenue 50.1 Park Avenue Fee Interest 1,782,793  7.4  97.8  96.7  85.5  97.8  97.7  86.5  197,008 98,700 13

280 Park Avenue 50.0 Park Avenue Fee Interest 1,219,158  5.1  98.4  97.3  92.4  96.6  94.0  91.8  140,640 70,320 37

450 Park Avenue 25.1 Park Avenue Fee Interest 337,000  1.4  87.7  87.7  87.7  84.6  84.6  84.6  38,744 9,725 26

919 Third Avenue 51.0 Grand Central North Fee Interest 1,454,000  6.1  99.8  95.5  84.3  99.8  95.5  84.3  102,161 52,102 11

1515 Broadway 56.9 Times Square Fee Interest 1,750,000  7.3  99.9  99.8  99.7  99.7  99.7  148,471 84,480 8

Added to Same Store in 2026

One Madison Avenue 25.5 Park Avenue South Fee Interest 1,385,484  5.8  98.9  92.2  78.5  98.9  85.5  64.7  150,253 38,315 16

Subtotal / Weighted Average 13,868,633  57.9  % 98.7  % 96.6  % 91.5  % 98.3  % 95.6  % 87.7  % $1,390,736 $694,494 235

Total / Weighted Average Unconsolidated Properties 13,868,633  57.9  % 98.7  % 96.6  % 91.5  % 98.3  % 95.6  % 87.7  % $1,390,736 $694,494 235

Manhattan Operating Properties Grand Total / Weighted Average 23,971,485  100.0  % 94.8  % 92.3  % 89.2  % 94.4  % 91.2  % 86.2  % $2,062,928 $1,366,686 857

Manhattan Operating Properties Same Store Occupancy % 23,349,485  97.4  % 94.7  % 92.2  % 89.1  % 94.4  % 91.1  % 85.9  %

(1) Represents the rentable square footage at the time the property was acquired.

(2) Calculated based on the square footage leased under executed leases as of the reporting date, regardless of whether the leases have commenced or the tenants have taken possession.

(3) Calculated based on the square footage for which lease terms have commenced per the underlying lease. For GAAP purposes revenue may not yet be recognized for certain commenced leases as of the reporting date.

(4) Calculated based on the square footage on which revenue is being recognized for GAAP purposes as of the reporting date, which may differ from the square footage on which cash rent is being collected.

(5) The Company also owns 50% of the fee interest.

Supplemental Information

31

Second Quarter 2026

SELECTED PROPERTY DATA

Retail, Residential and Suburban Operating Properties

Unaudited

(Dollars in Thousands)

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s)

RETAIL PROPERTIES

"Same Store" Retail

760 Madison Avenue 100.0 Plaza District Fee Interest 22,648  6.4  100.0  100.0  100.0  100.0  $18,558 $18,558 1

Subtotal/Weighted Average 22,648  6.4  % 100.0  % 100.0  % 100.0  % 100.0  % $18,558 $18,558 1

"Non Same Store" Retail

315 West 33rd Street (The Olivia) 100.0 Penn Station Fee Interest 270,132  76.9  82.4  82.4  82.4  82.4  $13,564 $13,564 8

610 Park Avenue 100.0 Plaza District Fee Interest 17,765  5.1  100.0  100.0  100.0 100.0 1,749 1,749 1

800 Seventh Avenue 100.0 Times Square Fee Interest 28,000  8.0  100.0  100.0  100.0  100.0  1,100 1,100 (4) 1

1552 Broadway/1560 Broadway Signage 50.0 Times Square Fee / Leasehold Interest 12,719  3.6  100.0  100.0  100.0  100.0  $4,200 $2,100 1

Subtotal/Weighted Average 328,616  93.6  % 85.5  % 85.5  % 85.5  % 85.5  % $20,613 $18,513 11

Total / Weighted Average Retail Properties 351,264  100.0  % 86.5  % 86.5  % 86.5  % 86.5  % $39,171 $37,071 12

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Average Monthly Rent Per Occupied Unit

Ownership Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Units Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s) ($'s)

RESIDENTIAL PROPERTIES

"Same Store" Residential

15 Beekman Street 20.0 Downtown Leasehold Interest 221,884  484  100.0  100.0  100.0  100.0  $14,155 $2,831 N/A

Subtotal/Weighted Average 221,884  484  100.0  % 100.0  % 100.0  % 100.0  % $14,155 $2,831 $—

"Non Same Store" Residential

315 West 33rd Street (The Olivia) 100.0 Penn Station Fee Interest 222,855  333  98.5  98.2  98.2  98.2  $20,135 $20,135 $5,131

Subtotal/Weighted Average 222,855  333  98.5  % 98.2  % 98.2  % 98.2  % $20,135 $20,135 $5,131

Total / Weighted Average Residential Properties 444,739  817  99.4  % 99.3  % 99.3  % 99.3  % $34,290 $22,966 $5,131

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s)

SUBURBAN PROPERTIES

"Non Same Store" Suburban

Landmark Square 100.0 Stamford, Connecticut Fee Interest 732,800  100.0  79.9  79.9  79.6  79.6  $16,100 $16,100 86

Subtotal/Weighted Average 732,800  100.0  % 79.9  % 79.9  % 79.6  % 79.6  % $16,100 $16,100 86

Total / Weighted Average Suburban Properties 732,800  100.0  % 79.9  % 79.9  % 79.6  % 79.6  % $16,100 $16,100 86

(1) Represents the rentable square footage at the time the property was acquired.

(2) Calculated based on the square footage leased under executed leases as of the reporting date, regardless of whether the leases have commenced or the tenants have taken possession.

(3) Calculated based on the square footage for which lease terms have commenced per the underlying lease. For GAAP purposes revenue may not yet be recognized for certain commenced leases as of the reporting date.

(4) Reflects the contractual rent for 1552 Broadway.

(5) Property occupied by Pace University and used as an academic center and dormitory space. 484 represents number of beds.

Supplemental Information

32

Second Quarter 2026

SELECTED PROPERTY DATA

Development / Redevelopment & Alternative Strategy Portfolio Properties

Unaudited

(Dollars in Thousands)

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Real Estate Book Value, Net Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s)

Development / Redevelopment

3 Landmark Square 100.0 Stamford, Connecticut Fee Interest 130,000  10.6  3.0  3.0  3.0  3.0  $144 $144 $20,157 3

19 East 65th Street 100.0 Plaza District Fee Interest 14,639  1.2  —  —  —  —  — — 22,716  —

185 Broadway 100.0 Lower Manhattan Fee Interest 21,174  1.7  —  —  —  —  — — 7,114  —

346 Madison Avenue 51.0 Grand Central Fee Interest 275,138  22.5  15.1  15.1  41.1  41.1  1,544 788 182,907  10

750 Third Avenue 100.0 Grand Central North Fee Interest 780,000  64.0  3.5  3.5  3.5  3.5  1,613 1,612 384,725  3

Total / Weighted Average Development / Redevelopment Properties 1,220,951  100.0  % 5.9  % 5.9  % 11.8  % 11.8  % $3,301 $2,544 $617,619  16

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Investment Carrying Value, Net Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s)

Alternative Strategy Portfolio

2 Herald Square 95.0 Herald Square Leasehold Interest 369,000  14.8  34.3  34.3  34.3  34.3  $25,911 $24,615 $108,250 3

115 Spring Street 51.0 Soho Fee Interest 5,218  0.2  —  —  100.0  100.0  — — —  —

650 Fifth Avenue 50.0 Plaza District Leasehold Interest 69,214  2.8  100.0  100.0  100.0  100.0  43,839 21,920 (99,817) 1

Worldwide Plaza 25.1 Westside Fee Interest 2,048,725  82.2  61.9  61.9  61.9  61.9  78,930 19,772 17,239 21

Total / Weighted Average Alternative Strategy Portfolio Properties 2,492,157  100.0  % 58.7  % 58.7  % 58.9  % 58.9  % $148,680 $66,307 $25,672  25

(1) Represents the rentable square footage at the time the property was acquired.

(2) Calculated based on the square footage leased under executed leases as of the reporting date, regardless of whether the leases have commenced or the tenants have taken possession.

(3) Calculated based on the square footage for which lease terms have commenced per the underlying lease. For GAAP purposes revenue may not yet be recognized for certain commenced leases as of the reporting date.

Supplemental Information

33

Second Quarter 2026

SELECTED PROPERTY DATA

Retail Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties

Unaudited

(Dollars in Thousands)

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s)

HIGH STREET RETAIL - Consolidated Properties

315 West 33rd Street (The Olivia) 100.0 Penn Station Fee Interest 159,343  10.8  69.5  69.5  69.5 69.5 $9,449 $9,449 7

610 Park Avenue 100.0 Plaza District Fee Interest 17,765  1.2  100.0  100.0  100.0  100.0  1,749 1,749 1

760 Madison Avenue 100.0 Plaza District Fee Interest 22,648  1.5  100.0  100.0  100.0  100.0  18,558 18,558 1

800 Seventh Avenue 100.0 Times Square Fee Interest 28,000  1.9  100.0  100.0  100.0  100.0  1,100 1,100 1

Subtotal / Weighted Average 227,756  15.4  % 78.7  % 78.7  % 78.7  % 78.7  % $30,856 $30,856 10

HIGH STREET RETAIL - Unconsolidated Properties

1552 Broadway/1560 Broadway Signage 50.0 Times Square Fee / Leasehold Interest 12,520  0.9  100.0  100.0  100.0  100.0  $4,200 $2,100 1

Subtotal / Weighted Average 12,520  0.9  % 100.0  % 100.0  % 100.0  % 100.0  % $4,200 $2,100 1

Total / Weighted Average High Street Retail 240,276  16.3  % 79.8  % 79.8  % 79.8  % 79.8  % $35,056 $32,956 11

OTHER RETAIL - Consolidated Properties

10 East 53rd Street 100.0 Plaza District Fee Interest 38,657  2.6  100.0  100.0  100.0  100.0  $4,222 $4,222 3

65 East 55th Street (Park Avenue Tower) 95.0 Plaza District Fee Interest 12,705  0.9  100.0  100.0  100.0  100.0  870 870 1

100 Church Street 100.0 Downtown Fee Interest 61,708  4.2  95.9  95.9  95.9  95.9  4,215 4,215 9

110 Greene Street 100.0 Soho Fee Interest 16,121  1.1  100.0  100.0  100.0  100.0  4,760 4,760 3

125 Park Avenue 100.0 Grand Central Fee Interest 32,124  2.2  100.0  80.6  100.0  80.6  2,206 2,206 6

304 Park Avenue South 100.0 Midtown South Fee Interest 25,330  1.7  100.0  100.0  100.0  100.0  4,021 4,021 5

420 Lexington Ave (Graybar) 100.0 Grand Central North Leasehold Interest 54,026  3.7  100.0  100.0  100.0  100.0  5,456 5,456 6

461 Fifth Avenue 100.0 Midtown Fee Interest 16,149  1.1  100.0  100.0  100.0  100.0  1,104 1,104 2

485 Lexington Avenue 100.0 Grand Central North Fee Interest 41,701  2.8  68.5  68.5  68.5  68.5  4,469 4,469 7

500 Park Avenue 100.0 Park Avenue Fee Interest 11,976  0.8  100.0  100.0  100.0  100.0  1,293 1,293 3

555 West 57th Street 100.0 Midtown West Fee Interest 53,186  3.6  100.0  100.0  100.0  100.0  3,223 3,223 2

711 Third Avenue 100.0 Grand Central North Leasehold Interest 25,639  1.7  83.5  83.5  83.5  83.5  2,368 2,368 2

750 Third Avenue (4) 100.0 Grand Central North Fee Interest 24,827  1.7  42.3  42.3  42.3  42.3  1,612 1,612 3

800 Third Avenue 100.0 Grand Central North Fee Interest 9,900  0.7  100.0  100.0  100.0  100.0  1,004 1,004 2

810 Seventh Avenue 100.0 Times Square Fee Interest 18,207  1.2  98.6  98.6  98.6  98.6  4,471 4,471 3

885 Third Avenue 100.0 Midtown / Plaza District Fee / Leasehold Interest 9,140  0.6  100.0  100.0  100.0  100.0  558 558 2

1185 Avenue of the Americas 100.0 Rockefeller Center Leasehold Interest 54,273  3.7  96.1  96.1  96.1  96.1  2,980 2,980 5

1350 Avenue of the Americas 100.0 Rockefeller Center Fee Interest 17,797  1.2  100.0  100.0  100.0  100.0  2,865 2,865 6

Subtotal / Weighted Average 523,466  35.5  % 93.0  % 91.8  % 93.0  % 91.8  % $51,697 $51,697 70

OTHER RETAIL - Unconsolidated Properties

One Madison Avenue 25.5 Park Avenue South Fee Interest 109,893  7.5  87.7  87.7  87.7  87.7  $4,960 $1,265 7

One Vanderbilt Avenue 55.0 Grand Central Fee Interest 34,885  2.4  100.0  100.0  100.0  100.0  5,952 3,274 7

11 Madison Avenue 60.0 Park Avenue South Fee Interest 37,325  2.5  100.0  100.0  100.0  100.0  3,958 2,375 3

100 Park Avenue 50.8 Grand Central South Fee Interest 38,556  2.6  100.0  100.0  100.0  100.0  3,459 1,757 7

220 East 42nd Street 51.0 Grand Central Fee Interest 33,866  2.3  81.0  81.0  81.0  81.0  1,975 1,007 4

245 Park Avenue 50.1 Park Avenue Fee Interest 31,014  2.1  93.5  93.5  93.5  93.5  2,468 1,237 3

280 Park Avenue 50.0 Park Avenue Fee Interest 28,219  1.9  100.0  100.0  100.0  100.0  1,680 840 3

450 Park Avenue 25.1 Park Avenue Fee Interest 6,317  0.4  100.0  100.0  100.0  100.0  1,848 464 1

919 Third Avenue 51.0 Grand Central North Fee Interest 29,441  2.0  100.0  100.0  100.0  100.0  3,809 1,943 4

1515 Broadway 56.9 Times Square Fee Interest 182,011  12.3  100.0  99.8  99.8  99.8  28,726 16,343 8

Subtotal / Weighted Average 531,527  36.0  % 95.9  % 95.8  % 95.8  % 95.8  % $58,835 $30,505 47

Total / Weighted Average Other Retail 1,054,993  71.5  % 94.5  % 93.8  % 94.4  % 93.8  % $110,532 $82,202 117

(1) Represents the rentable square footage at the time the property was acquired.

(2) Calculated based on the square footage leased under executed leases as of the reporting date, regardless of whether the leases have commenced or the tenants have taken possession.

(3) Calculated based on the square footage for which lease terms have commenced per the underlying lease. For GAAP purposes revenue may not yet be recognized for certain commenced leases as of the reporting date.

(4) Redevelopment properties.

Supplemental Information

34

Second Quarter 2026

SELECTED PROPERTY DATA - CONTINUED

Retail Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties

Unaudited

(Dollars in Thousands)

June 30, 2026 March 31, 2026 Annualized Contractual

Cash Rent Total Tenants

Ownership % of Total Occupancy % Occupancy %

Properties Interest (%) SubMarket Ownership Square Feet (1) Sq. Feet Leased (2) Occupied (3) Leased (2) Occupied (3) ($'s) SLG Share ($'s)

ALTERNATIVE STRATEGY PORTFOLIO - Unconsolidated Properties

2 Herald Square 95.0 Herald Square Leasehold Interest 94,531  6.4  39.7  39.7  39.7  39.7  $14,807 $14,067 2

115 Spring Street 51.0 Soho Fee Interest 5,218  0.4  —  —  100.0  100.0  — — —

650 Fifth Avenue 50.0 Plaza District Leasehold Interest 69,214  4.7  100.0  100.0  100.0  100.0  43,840 21,919 1

Worldwide Plaza 25.1 Westside Fee Interest 10,592  0.7  84.9  84.9  84.9  84.9  1,276 320 7

(4)

Subtotal / Weighted Average 179,555  12.2  % 64.5  % 64.5  % 67.4  % 67.4  % $59,923 $36,306 10

Total / Weighted Average Alternative Strategy Portfolio 179,555  12.2  % 64.5  % 64.5  % 67.4  % 67.4  % $59,923 $36,306 10

Retail Grand Total / Weighted Average 1,474,824  100.0  % 88.4  % 88.0  % 88.7  % 88.3  % $205,511 $151,465 138

(1) Represents the rentable square footage at the time the property was acquired.

(2) Calculated based on the square footage leased under executed leases as of the reporting date, regardless of whether the leases have commenced or the tenants have taken possession.

(3) Calculated based on the square footage for which lease terms have commenced per the underlying lease. For GAAP purposes revenue may not yet be recognized for certain commenced leases as of the reporting date.

(4) Excludes the theatre, parking garage, fitness gym and other amenity space totaling 241,371 square feet.

Supplemental Information

35

Second Quarter 2026

LARGEST TENANTS BY SLG SHARE OF ANNUALIZED CASH RENT (1)

Unaudited

(Dollars in Thousands Except Per SF)

Ownership Interest % Lease Expiration (2)   Total Rentable Square Feet   Annualized Contractual Cash Rent ($) SLG Share of Annualized Contractual Cash Rent ($)

% of SLG Share of Annualized Contractual Cash Rent (3)

Annualized Contractual Rent PSF

Investment Grade Credit Rating (4)

Tenant Name Property

Paramount Global 1515 Broadway 56.9 Jun 2031 1,604,544  $119,738 $68,131 4.5% $74.62

555 West 57th Street 100.0 Oct 2026 36,117  2,210 2,210 0.1% 61.19

555 West 57th Street 100.0 Apr 2027 150,765  9,177 9,177 0.6% 60.87

1515 Broadway 56.9 Mar 2028 9,106  2,274 1,294 0.1% 249.76

1,800,532  $133,399 $80,812 5.3% $74.09 Baa3

UBS Americas, Inc. 11 Madison Avenue 60.0 May 2037 1,184,489  $81,655 $48,993 3.2% $68.94 A+

Sony Corporation 11 Madison Avenue 60.0 Jan 2031 578,791  $57,036 $34,221 2.3% $98.54 A+

Bloomberg L.P. 919 Third Avenue 51.0 Feb 2040 926,156  $65,053 $33,177 2.2% $70.24

McDermott Will & Schulte LLP One Vanderbilt Avenue 55.0 Dec 2042 199,320  $37,085 $20,397 1.3% $186.06

919 Third Avenue 51.0 Jun 2036 283,894  20,984 10,702 0.7% 73.91

420 Lexington Avenue 100.0 Oct 2026 10,043  644 644 0.1% 64.10

493,257  $58,713 $31,743 2.1% $119.03

Ares Management LLC 245 Park Avenue 50.1 Jun 2043 327,607  $50,565 $25,333 1.7% $154.35

245 Park Avenue 50.1 Dec 2028 36,316  $3,764 $1,886 0.1% $103.63

363,923  $54,329 $27,219 1.8% $149.29 A-

Societe Generale 245 Park Avenue 50.1 Oct 2032 520,831  $50,529 $25,315 1.7% $97.02 A

The City of New York 100 Church Street 100.0 Mar 2034 510,007  $22,955 $22,955 1.5% $45.01 Aa2

Metro-North Commuter Railroad Company 420 Lexington Avenue 100.0 Nov 2034 344,873  $22,339 $22,339 1.5% $64.77

420 Lexington Avenue 100.0 Jan 2027 7,537  458 458 — 60.81

352,410  $22,797 $22,797 1.5% $64.69 (5) A1

Nike Retail Services, Inc. 650 Fifth Avenue 50.0 Jan 2033 69,214  $43,839 $21,920 1.5% $633.39 A+

WME IMG, LLC 304 Park Avenue 100.0 Apr 2028 174,069  $14,634 $14,634 1.0% $84.07

11 Madison Avenue 60.0 Sep 2030 104,618  11,368 6,821 0.4% $108.66

278,687  $26,002 $21,455 1.4% $93.30

TD Bank US Holding Company One Vanderbilt Avenue 55.0 Jul 2041 193,159  $26,591 $14,625 1.0% $137.67 (5)

One Vanderbilt Avenue 55.0 Aug 2041 6,843  3,252 1,789 0.1% 475.20

125 Park Avenue 100.0 Oct 2030 26,536  1,974 1,974 0.1% 74.40

125 Park Avenue 100.0 Mar 2034 25,171  1,667 1,667 0.1% 66.23

251,709  $33,484 $20,055 1.3% $133.03 A+

Franklin Templeton Companies LLC One Madison Avenue 25.5 May 2040 354,976  $49,502 $12,623 0.8% $139.45

280 Park Avenue 50.0 Nov 2031 128,993  14,138 7,069 0.5% $109.60

483,969  $63,640 $19,692 1.3% $131.50 A

Carlyle Investment Management LLC One Vanderbilt Avenue 55.0 Sep 2036 194,702  $35,253 $19,389 1.3% $181.06 (5) A-

Giorgio Armani Corporation 760 Madison Avenue 100.0 Oct 2038 22,648  $18,558 $18,558 1.2% $819.43

PJT Partners Holdings LP 280 Park Avenue 50.0 Jun 2041 281,388  $33,099 $16,549 1.1% $117.63

Hess Corp 1185 Avenue of the Americas 100.0 Dec 2027 167,169  $16,267 $16,267 1.1% $97.31 AA-

The Toronto Dominion Bank One Vanderbilt Avenue 55.0 Apr 2042 142,892  $21,621 $11,892 0.8% $151.31 (5)

125 Park Avenue 100.0 Apr 2042 52,450  3,900 3,900 0.2% $74.35

195,342  $25,521 $15,792 1.0% $130.65 A+

BMW of Manhattan, Inc. 555 West 57th Street 100.0 Jul 2032 226,556  $13,742 $13,742 0.9% $60.65 A

Stone Ridge Holdings One Vanderbilt Avenue 55.0 Dec 2037 97,652  $23,583 $12,970 0.9% $241.50

Total 8,999,432  879,454  523,621  34.6%

(1) Based on commenced leases.

(2) Expiration of current lease term and does not reflect extension options.

(3) SLG Share of Annualized Cash Rent includes Manhattan, Suburban, Retail, Residential, Development / Redevelopment and Alternative Strategy Portfolio properties.

(4) Corporate or bond rating from S&P, Fitch or Moody's.

(5) Tenant pays rent on a net basis. Rent PSF reflects gross rent equivalent.

Supplemental Information

36

Second Quarter 2026

TENANT DIVERSIFICATION - MANHATTAN COMMERCIAL

Unaudited

Supplemental Information

37

Second Quarter 2026

LEASING ACTIVITY - MANHATTAN OPERATING PROPERTIES

Available Space

Unaudited

Activity Building Address # of Leases Square Feet (1) Rentable SF Escalated

Rent/Rentable SF ($'s)(2)

Available Space at 3/31/26 2,159,596

Space which became available during the Quarter (3):

Office

One Vanderbilt Avenue 1  29,797  29,734  $181.49

10 East 53rd Street 2  19,414  21,713  105.59

100 Park Avenue 1  9,668  10,889  95.80

110 Greene Street 2  6,198  7,252  103.25

125 Park Avenue 2  58,138  63,392  72.86

245 Park Avenue 4  91,207  91,726  102.52

420 Lexington Avenue 9  21,385  26,295  67.83

461 Fifth Avenue 1  6,472  6,882  103.38

485 Lexington Avenue 1  13,827  14,206  78.92

500 Park Avenue 2  21,750  21,266  103.66

711 Third Avenue 1  2,886  3,141  61.29

800 Third Avenue 2  9,241  11,204  69.53

810 Seventh Avenue 2  17,231  18,734  63.68

Total/Weighted Average 30  307,214  326,434  $96.46

Storage

110 Greene Street 1  1,200  1,200  $40.00

420 Lexington Avenue 1  100  114  28.33

Total/Weighted Average 2  1,300  1,314  $38.99

Total Space which became available during the Quarter

Office 30  307,214  326,434  $96.46

Storage 2  1,300  1,314  $38.99

32  308,514  327,748  $96.23

Total Available Space 2,468,110

(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

38

Second Quarter 2026

LEASING ACTIVITY - MANHATTAN OPERATING PROPERTIES

Commenced Leasing

Unaudited

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 2,468,110

Office

One Madison Avenue 2  10.6 92,321  92,363  $105.00  $—  $190.50  14.3

One Vanderbilt Avenue 1  6.0 29,797  29,734  181.49  181.49  —  —

10 East 53rd Street 1  0.5 2,448  3,900  82.00  75.77  —  —

100 Church Street 1  5.4 6,803  7,420  49.00  —  25.32  3.0

110 Greene Street 2  4.1 3,659  3,651  105.56  92.62  3.22  0.5

125 Park Avenue 2  9.6 26,783  29,540  75.81  80.32  113.58  13.0

220 East 42nd Street 4  7.8 19,579  22,862  60.98  67.25  87.67  5.6

245 Park Avenue 2  13.7 73,633  74,854  151.04  129.39  157.70  14.7

280 Park Avenue 1  10.8 38,995  40,516  125.00  —  145.00  9.0

420 Lexington Avenue 16  6.4 41,502  51,106  67.19  64.72  111.21  3.0

450 Park Avenue 1  1.3 10,338  10,392  130.00  107.00  —  —

461 Fifth Avenue 1  10.8 10,595  11,232  85.00  90.29  139.90  10.0

485 Lexington Avenue 3  13.1 31,903  31,909  63.48  —  150.16  3.2

500 Park Avenue 2  5.7 21,750  21,291  96.76  102.22  44.20  3.5

711 Third Avenue 3  2.3 58,068  63,154  27.53  65.70  40.77  1.0

800 Third Avenue 3  7.3 23,333  24,725  65.68  67.06  47.68  6.7

1185 Avenue of the Americas 4  5.9 50,705  52,774  73.98  96.49  40.33  5.7

1350 Avenue of the Americas 3  5.6 7,730  8,999  87.26  72.76  3.01  6.2

Total/Weighted Average 52  8.3 549,942  580,422  $93.11  $106.35  $102.91  7.5

Retail

1515 Broadway 1  1.8 2,727  2,729  494.69  —  —  1.0

Total/Weighted Average 1  1.8 2,727  2,729  $494.69  $—  $—  1.0

Storage

110 Greene Street 1  5.0 170  172  $45.00  $25.00  $—  —

810 Seventh Avenue 1  3.8 124  137  61.31  —  —  —

Total/Weighted Average 2  4.5 294  309  $52.23  $25.00  $—  —

Leased Space

Office (4) 52  8.3 549,942  580,422  $93.11  $106.35  $102.91  7.5

Retail 1  1.8 2,727  2,729  $494.69  $—  $—  1.0

Storage 2  4.5  294  309  $52.23  $25.00  $—  —

Total 55  8.3 552,963  583,460  $94.97  $106.29  $102.37  7.5

Total Available Space as of 6/30/26 1,915,147

Early Renewals

Office

10 East 53rd Street 1  3.4 7,048  8,462  $85.00  $83.03  $0.45  5.0

100 Park Avenue 3  9.1 16,172  17,735  101.09  88.35  25.71  5.0

110 Greene Street 1  1.7 221  221  102.08  99.10  —  —

220 East 42nd Street 1  1.0 2,676  2,657  70.00  65.54  —  —

420 Lexington Avenue 1  5.0 15,924  18,649  65.00  60.96  30.00  3.0

485 Lexington Avenue 1  1.8 3,657  3,757  72.69  71.80  1.34  1.0

711 Third Avenue 1  8.7 11,203  14,598  65.00  68.92  20.00  12.0

1185 Avenue of the Americas 1  1.3 50,000  55,272  67.84  67.84  —  —

Total/Weighted Average 10  4.1 106,901  121,351  $73.38  $71.10  $10.85  3.0

Storage

100 Park Avenue 1  5.4 263  216  $40.00  $40.00  $—  —

Total/Weighted Average 1  5.4 263  216  $40.00  $40.00  $—  —

Renewals

Early Renewals Office 10  4.1 106,901  121,351  $73.38  $71.10  $10.85  3.0

Early Renewals Storage 1  5.4 263  216  $40.00 $40.00 $—  —

Total 11  4.1 107,164  121,567  $73.32 $71.04  $10.83  3.0

(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 $113.30/rsf for 218,447 rentable SF.

Average starting office rent for office space (leased and early renewals, excluding new tenants replacing vacancies) is $99.04/rsf for 339,798 rentable SF.

Supplemental Information

39

Second Quarter 2026

LEASE EXPIRATIONS - MANHATTAN OPERATING PROPERTIES

Office, Retail and Storage Leases

Unaudited

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)

Wholly-Owned and Consolidated JV Properties

2nd Quarter 2026 (3) 10  83,022  83,022  0.9  % $6,559,953 $6,559,953 79.01

3rd Quarter 2026 18  181,195  181,195  2.0  % 8,798,130  8,798,130  48.56

4th Quarter 2026 22  288,723  288,723  3.1  % 21,040,465 21,040,465 72.87

Total 2026 50  552,940  552,940  6.0  % $36,398,548 $36,398,548 $65.83

2027 82  863,754  863,754  9.5  % $63,748,056 $63,748,056 $73.80

2028 81  767,918  767,918  8.4  % 59,988,191  59,988,191  78.12

2029 82  663,563  663,563  7.3  % 50,537,556  50,537,556  76.16

2030 68  1,045,910  1,045,910  11.4  % 78,461,636  78,461,636  75.02

2031 65  506,077  506,077  5.5  % 42,302,032  42,302,032  83.59

2032 36  860,256  860,256  9.4  % 57,542,868  57,542,868  66.89

2033 36  528,621  528,621  5.8  % 46,141,861  46,141,861  87.29

2034 39  1,424,376  1,424,376  15.6  % 91,295,439  91,295,439  64.10

2035 21  538,639  538,639  5.9  % 45,949,255  45,949,255  85.31

Thereafter 80  1,390,875  1,390,875  15.2  % 99,827,055  99,827,055  71.77

Grand Total 640  9,142,929  9,142,929  100.0  % $672,192,497 $672,192,497 $73.52

Unconsolidated JV Properties

2nd Quarter 2026 (3) 1  495  282  —  % $8,352 $4,752 $ 16.87

3rd Quarter 2026 3  21,351  11,077  0.2  % 3,288,086  1,744,652  154.00

4th Quarter 2026 4  31,943  16,158  0.2  % 2,333,722 1,181,776 73.06

Total 2026 8  53,789  27,517  0.4  % $5,630,160 $2,931,180 $104.67

2027 18  193,454  85,204  1.4  % $29,734,254 $13,889,048 $153.70

2028 25  268,442  133,361  2.0  % 37,957,680  19,261,801  141.40

2029 15  134,939  65,491  1.0  % 15,519,103  7,233,344  115.01

2030 16  268,409  142,358  2.0  % 35,930,997  19,201,755  133.87

2031 23  2,699,390  1,513,282  19.9  % 222,110,359  124,048,330  82.28

2032 15  1,003,627  505,167  7.4  % 93,512,950  46,849,896  93.18

2033 11  267,630  137,287  2.0  % 29,394,795  15,306,365  109.83

2034 9  451,454  222,107  3.3  % 45,573,229  22,495,209  100.95

2035 7  370,189  162,145  2.7  % 40,058,170  15,921,099  108.21

Thereafter 95  7,866,278  3,874,776  57.9  % 835,313,383  407,355,513  106.19

Grand Total 242  13,577,601  6,868,695  100.0  % $1,390,735,080 $694,493,540 $102.43

(1) Tenants may have multiple leases.

(2) Represents in place annualized contractual cash rent allocated by year of expiration.

(3) Includes month to month holdover tenants that expired prior to June 30, 2026.

Supplemental Information

40

Second Quarter 2026

LEASE EXPIRATIONS

Retail Leases Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties

Wholly-Owned and Consolidated JV's

Unaudited

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)

High Street Retail

2026 (3) —  —  —  —  % $—  $—  $—

2027  —  —  —  —  % —  —  —

2028  —  —  —  —  % —  —  —

2029  2  2,238  2,238  1.2  % 558,108  558,108  249.38

2030  1  2,418  2,418  1.3  % 594,141  594,141  245.72

2031  —  —  —  —  % —  —  —

2032  1  1,445  1,445  0.8  % 258,757  258,757  179.07

2033  1  2,900  2,900  1.6  % 424,456  424,456  146.36

2034  —  —  —  —  % —  —  —

2035  —  —  —  —  % —  —  —

Thereafter 5  170,792  170,792  95.1  % 29,020,862  29,020,862  169.92

10  179,793  179,793  100.0  % $30,856,324  $30,856,324  $171.62

Vacancy (4) 48,529

Grand Total 228,322

Other Retail

2026 (3) 1  210  210  —  % $10,044  $10,044  $47.83

2027  4  23,670  23,670  4.9  % 3,850,337  3,850,337  162.67

2028  5  16,034  16,034  3.3  % 3,169,334  3,169,334  197.66

2029  4  27,702  27,702  5.7  % 2,641,912  2,641,912  95.37

2030  3  35,231  35,231  7.3  % 5,262,283  5,262,283  149.37

2031  7  19,252  19,252  4.0  % 3,076,522  3,076,522  159.80

2032  7  23,127  23,127  4.8  % 3,542,421  3,542,421  153.17

2033  5  92,949  92,949  19.2  % 6,820,774  6,820,774  73.38

2034  11  61,926  61,926  12.8  % 4,543,061  4,543,061  73.36

2035  2  8,832  8,832  1.8  % 1,054,784  1,054,784  119.43

Thereafter 21  176,439  176,439  36.2  % 17,725,245  17,725,245  100.46

70  485,372  485,372  100.0  % $51,696,717  $51,696,717  $106.51

Vacancy (4) 42,441

Grand Total 527,813

(1) Tenants may have multiple leases.

(2) Represents in place annualized contractual cash rent allocated by year of expiration.

(3) Includes month to month holdover tenants that expired prior to June 30, 2026.

(4) Includes square footage of leases signed but not yet commenced.

Supplemental Information

41

Second Quarter 2026

LEASE EXPIRATIONS

Retail Leases Within Operating, Development / Redevelopment and Alternative Strategy Portfolio Properties

Unconsolidated JV's

Unaudited

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)

High Street Retail

2026 (3) —  —  —  —  % $—  $—  $—

2027  —  —  —  —  % —  —  —

2028  —  —  —  —  % —  —  —

2029  —  —  —  —  % —  —  —

2030  —  —  —  —  % —  —  —

2031  —  —  —  —  % —  —  —

2032  —  —  —  —  % —  —  —

2033  —  —  —  —  % —  —  —

2034  —  —  —  —  % —  —  —

2035  1  12,520  6,260  100.0  % 4,200,000  2,100,000  335.46

Thereafter —  —  —  —  % —  —  —

1  12,520  6,260  100.0  % $4,200,000  $2,100,000  $335.46

Vacancy (4) —

Grand Total 12,520

Other Retail

2026 (3) 1  13,465  6,746  2.6  % $812,654  $407,139  $60.35

2027  3  19,225  10,237  3.7  % 11,859,294  6,692,932  616.87

2028  5  32,621  17,722  6.4  % 8,241,357  4,607,553  252.64

2029  2  28,316  14,785  5.6  % 4,178,925  1,862,462  147.58

2030  2  11,970  6,811  2.4  % 7,297,361  4,152,199  609.64

2031  5  47,335  24,141  9.3  % 4,282,918  2,243,443  90.48

2032  1  5,399  2,753  1.1  % 546,784  278,860  101.28

2033  2  4,721  2,412  0.9  % 604,677  308,710  128.08

2034  1  2,133  1,067  0.4  % 121,380  60,690  56.91

2035  2  6,014  2,064  1.2  % 668,028  225,274  111.08

Thereafter 23  337,847  159,464  66.4  % 20,221,513  9,666,316  59.85

47  509,046  248,202  100.0  % $58,834,891  $30,505,578  $115.58

Vacancy (4) 23,547

Grand Total 532,593

Alternative Strategy Portfolio

2026 (3) 1  1,277  320  1.1  % $108,000  $27,054  $84.57

2027  2  3,186  798  2.7  % 550,173  137,818  172.68

2028  1  1,819  456  1.6  % 221,150  55,398  121.58

2029  1  595  149  0.5  % 112,357  28,145  188.83

2030  —  —  —  —  % —  —  —

2031  1  1,830  458  1.6  % 197,188  49,395  107.75

2032  1  21,706  20,621  18.6  % 7,537,545  7,160,667  347.26

2033  1  69,214  34,607  59.3  % 43,839,395  21,919,699  633.39

2034  1  16,343  15,526  14.0  % 7,269,384  6,905,915  444.80

2035  —  —  —  —  % —  —  —

Thereafter 1  647  162  0.6  % 87,480  21,914  135.21

10  116,617  73,097  100.0  % $59,922,672  $36,306,005  $513.84

Vacancy (4) 62,938

Grand Total 179,555

(1) Tenants may have multiple leases.

(2) Represents in place annualized contractual cash rent allocated by year of expiration.

(3) Includes month to month holdover tenants that expired prior to June 30, 2026.

(4) Includes square footage of leases signed but not yet commenced.

Supplemental Information

42

Second Quarter 2026

SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY

Manhattan Office

Unaudited

(Dollars in Thousands)

Gross Asset Occupancy (%)

Property Submarket Interest Acquired Type of Ownership Net Rentable SF Valuation ($'s) at acquisition 6/30/2026

2001 - 2025 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 99.8

Feb-03 220 East 42nd Street Grand Central 100.0 Fee Interest 1,135,000  265,000  91.9 95.5

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 87.0

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 3.5

Jul-04 485 Lexington Avenue Grand Central 30.0 Fee Interest 921,000  225,000  100.0 78.2

Oct-04 625 Madison Avenue Plaza District 100.0 Leasehold Interest 563,000  231,500  68.0 N/A

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 N/A

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 78.2

Dec-06 800 Third Avenue Grand Central North 43.0 Fee Interest 526,000  285,000  96.9 89.4

Jan-07 Reckson - NYC Portfolio Various 100.0 Fee Interests / Leasehold Interest 5,612,000  3,679,530  98.3 86.4

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 94.0

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 92.8

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 99.8

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 97.3

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 90.7

Jun-12 304 Park Avenue South Midtown South 100.0 Fee Interest 215,000  135,000  95.8 91.9

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 93.1

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 96.5

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 61.9

May-18 2 Herald Square Herald Square 100.0 Leasehold Interest 369,000  266,000  81.6 34.3

May-19 110 Greene Street Soho 10.0 Fee Interest 223,600  256,500  93.3 93.1

Jul-20 885 Third Avenue Midtown / Plaza District 100.0 Fee / Leasehold Interest 625,300  387,932  94.8 84.5

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 87.7

Sep-22 245 Park Avenue Park Avenue 100.0 Fee Interest 1,782,793  1,960,000  91.8 96.7

Dec-24 10 East 53rd Street Plaza District 45.0 Fee Interest 354,300  236,000  97.6 90.7

Jan-25 500 Park Avenue Park Avenue 100.0 Fee Interest 201,411  130,000  94.5 90.7

Apr-25 100 Park Avenue Grand Central South 49.9 Fee Interest 834,000  360,000  93.1 95.7

Oct-25 800 Third Avenue Grand Central North 39.5 Fee Interest 526,000  205,000  83.8 89.4

43,994,627  $ 27,189,062

2026 Acquisitions

Jan-26 65 East 55th Street (Park Avenue Tower) Plaza District 95.0 Fee Interest 622,000  730,000  94.8 94.8

622,000  $ 730,000

Supplemental Information

43

Second Quarter 2026

SUMMARY OF REAL ESTATE DISPOSITION ACTIVITY

Manhattan Office

Unaudited

(Dollars in Thousands)

Gross Asset Valuation

Property Submarket Interest Sold Type of Ownership Net Rentable SF ($'s) ($'s/SF)

2001 - 2026 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

Nov-24 One Vanderbilt Avenue Grand Central 11.0 Fee Interest 1,657,198  4,700,000  2,836

Sep-25 One Vanderbilt Avenue Grand Central 5.0 Fee Interest 1,657,198  4,700,000  2,836

Dec-25 100 Park Avenue Grand Central South 49.0 Fee Interest 834,000  425,000  510

33,843,554  $ 31,138,825  $ 920

Supplemental Information

44

Second Quarter 2026

SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY

Retail, Residential, Development / Redevelopment and Land

Unaudited

(Dollars in Thousands)

Interest Gross Asset Occupancy (%)

Property Type of Property Submarket  Acquired Type of Ownership Net Rentable SF Valuation ($'s) at acquisition 6/30/2026

2005 - 2025 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 N/A

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 N/A

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 0.0

Jul-14 752-760 Madison Avenue Retail Plaza District 100.0 Fee Interest 21,124  282,415  100.0 N/A

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 N/A

Oct-20 85 Fifth Avenue Retail Midtown South 36.3 Fee Interest 12,946  59,000  100.0 N/A

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 N/A

Sep-22 5 Times Square Redevelopment Times Square 31.6 Leasehold Interest 1,127,931  1,096,714  22.5 N/A

Sep-23 625 Madison Avenue Land Plaza District 90.4 Fee Interest 563,000  620,245  N/A N/A

Jan-24 2 Herald Square Redevelopment Herald Square 44.0 Leasehold Interest 369,000  120,000  43.9 34.3

Mar-24 719 Seventh Avenue Retail Times Square 25.0 Fee Interest 10,040  76,500  0.0 N/A

Oct-25 346 Madison Avenue Development Grand Central 100.0 Fee Interest 275,138  160,000  40.4 15.1

16,091,062  $ 9,635,514

2026 Acquisitions

Mar-26 610 Park Avenue Retail Plaza District 100.0 Fee Interest 17,765  $ 18,500  100.0 100.0

17,765  $ 18,500

Supplemental Information

45

Second Quarter 2026

SUMMARY OF REAL ESTATE DISPOSITION ACTIVITY

Retail, Residential, Development / Redevelopment, Land and Alternative Strategy Portfolio

Unaudited

(Dollars in Thousands)

Interest Gross Asset Valuation

Property Type of Property Submarket Sold Type of Ownership Net Rentable SF ($'s) ($'s/SF)

2011 - 2025 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

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

Oct-24 5 Times Square Redevelopment Times Square 31.6 Leasehold Interest 1,127,931  1,165,586  1,033

Apr-25 85 Fifth Avenue Retail Midtown South 36.3 Fee Interest 12,946  46,800  3,615

13,972,167  $ 12,761,784  $ 913

2026 Dispositions

Feb-26 690 Madison Avenue Retail Plaza District 90.0 Fee Interest 7,848  $ 54,500  $ 6,944

May-26 7 Dey Street & 185 Broadway - Residential and Retail Condominium Retail / Residential Lower Manhattan 100.0 Fee Interest 199,521  220,500  1,105

May-26 346 Madison Avenue Redevelopment Grand Central 49.0 Fee Interest 275,138  175,000  636

482,507  $ 450,000  $ 933

Supplemental Information

46

Second Quarter 2026

SUMMARY OF REAL ESTATE ACQUISITION/DISPOSITION ACTIVITY

Suburban

Unaudited

(Dollars in Thousands)

Gross Asset Occupancy (%)

Property Submarket Interest Acquired Type of Ownership Net Rentable SF Valuation ($'s) at acquisition 6/30/2026

2007 - 2026 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 68.3

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 - 2026 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  115,451  301

Dec-20 1055 Washington Boulevard Stamford, Connecticut 100.0 Leasehold Interest 182,000  23,750  130

Jul-24 Palisades Premier Conference Center Orangetown, New York 100.0 Fee Interest 450,000  26,250  58

7,883,341  $ 1,812,383  $ 230

Supplemental Information

47

Second Quarter 2026

Non-GAAP Disclosures and Reconciliations

Unaudited

(Dollars in Thousands, except per share data)

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 generation 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 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 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 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).

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

Supplemental Information

48

Second Quarter 2026

Non-GAAP Disclosures and Reconciliations

Unaudited

(Dollars in Thousands, except per share data)

Funds From Operations (FFO) Reconciliation

Three Months Ended Six Months Ended

June 30, June 30,

2026 2025 2026 2025

Net loss attributable to SL Green common stockholders $ (26,503) $ (11,092) $ (110,894) $ (32,167)

Add:

Depreciation and amortization 67,279  60,160  137,030  124,658

Joint venture depreciation and noncontrolling interest adjustments 61,761  68,003  124,357  121,364

Net income (loss) attributable to noncontrolling interests 9,617  (1,615) 10,673  (7,977)

Less:

Equity in net loss on sale of interest in unconsolidated joint venture/real estate —  (1,946) (814) (1,946)

Purchase price and other fair value adjustments 5,252  (8,399) 7,476  (14,943)

(Loss) gain on sale of real estate, net (4,179) (167) 12,457  (649)

Depreciable real estate reserves —  —  (35,160) (8,546)

Depreciable real estate reserves in unconsolidated joint venture —  —  —  (1,780)

Depreciation on non-rental real estate assets 1,502  1,421  3,005  2,684

FFO attributable to SL Green common stockholders and unit holders $ 109,579  $ 124,547  $ 174,202  $ 231,058

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)

For the three months ended

6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025

Net (Loss) income $ (10,891) $ (77,398) $ (103,720) $ 35,161  $ (6,817)

Depreciable real estate reserves —  35,160  23,546  —  —

Depreciable real estate reserves in unconsolidated joint venture —  —  12,812  —  —

Loss (gain) on sale of real estate, net 4,179  (16,636) 426  1,068  167

Purchase price and other fair value adjustments (5,662) (4,183) 28,143  (11,138) 9,617

Equity in net (gain) loss on sale of interest in unconsolidated joint venture/real estate —  814  (1,142) (86,872) 1,946

Gain on sale of marketable securities —  —  —  —  (10,232)

Depreciation and amortization 67,279  69,751  67,839  63,216  60,160

Income taxes 1,693  (1,045) 2,305  137  1,296

SUMMIT Operator tax expense 1,223  585  478  1,279  1,547

Amortization of deferred financing costs 2,156  2,802  1,901  1,724  1,742

Interest expense, net of interest income 54,011  50,909  49,422  47,235  45,318

Adjustments to reflect the entity’s share of EBITDAre of unconsolidated affiliates 117,139  141,731  139,218  200,085  151,642

EBITDAre $ 231,127  $ 202,490  $ 221,228  $ 251,895  $ 256,386

Supplemental Information

49

Second Quarter 2026

Non-GAAP Disclosures and Reconciliations

Unaudited

(Dollars in Thousands, except per share data)

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Three Months Ended Six Months Ended

Operating income and Same-store NOI Reconciliation

June 30, June 30,

2026 2025 2026 2025

Net loss $ (10,891) $ (6,817) $ (88,289) $ (28,362)

Depreciable real estate reserves —  —  35,160  8,546

Depreciable real estate reserves in unconsolidated joint venture —  —  —  1,780

Loss (gain) on sale of real estate, net 4,179  167  (12,457) 649

Purchase price and other fair value adjustments (5,662) 9,617  (9,845) 19,228

Equity in net loss on sale of interest in unconsolidated joint venture/real estate —  1,946  814  1,946

Gain on sale of marketable securities —  (10,232) —  (10,232)

Depreciation and amortization 67,279  60,160  137,030  124,658

SUMMIT Operator tax expense 1,223  1,547  1,808  1,502

Amortization of deferred financing costs 2,156  1,742  4,958  3,429

Interest expense, net of interest income 54,011  45,318  104,920  90,999

Interest expense on senior obligations of consolidated securitization vehicles 14,743  21,017  29,392  34,989

Operating Income 127,038  124,465  203,491  249,132

Equity in net (income) loss from unconsolidated joint ventures (14,948) 22,775  5,832  19,825

Income from debt fund investments, net (5,990) (600) (8,468) (600)

Marketing, general and administrative expense 22,781  21,579  45,567  43,303

Transaction related costs 17  177  301  472

Loan loss and other investment reserves, net of recoveries —  (46,287) —  (71,326)

SUMMIT Operator expenses 25,520  24,847  50,462  46,611

Gain on early extinguishment of debt —  —  —  —

Investment income (2,657) (6,339) (5,003) (22,453)

Interest income from real estate loans held by consolidated securitization vehicles (14,743) (21,049) (29,392) (37,030)

SUMMIT Operator revenue (31,509) (31,007) (55,651) (53,541)

Non-building revenue (14,689) (9,647) (32,568) (20,135)

Net operating income (NOI) 90,820  78,914  174,571  154,258

Equity in net income (loss) from unconsolidated joint ventures 14,948  (22,775) (5,832) (19,825)

SLG share of unconsolidated JV depreciation and amortization 70,555  65,153  138,194  128,228

SLG share of unconsolidated JV amortization of deferred financing costs 3,962  3,107  8,418  6,298

SLG share of unconsolidated JV interest expense, net of interest income 71,826  64,290  141,958  127,255

SLG share of unconsolidated JV transaction related costs —  —  —  —

SLG share of unconsolidated JV gain on early extinguishment of debt —  —  4,796  —

SLG share of unconsolidated JV investment income (781) (5,059) (1,205) (9,977)

SLG share of unconsolidated JV loan loss and other investment reserves, net of recoveries —  14,531  —  14,531

SLG share of unconsolidated JV non-building revenue (3,047) (2,280) (3,445) (3,572)

NOI including SLG share of unconsolidated JVs 248,283  195,881  457,455  397,196

NOI from other properties/affiliates (66,862) (22,039) (103,661) (58,503)

Same-Store NOI 181,421  173,842  353,794  338,693

Straight-line and free rent (4,171) (726) (7,612) 567

Amortization of acquired above and below-market leases, net 1,084  863  2,230  1,775

Operating lease straight-line adjustment 157  204  361  408

SLG share of unconsolidated JV straight-line and free rent (9,424) (13,100) (18,946) (23,392)

SLG share of unconsolidated JV amortization of acquired above and below-market leases, net (7,216) (6,190) (13,676) (12,231)

SLG share of unconsolidated JV operating lease straight-line adjustment —  —  —  —

Same-store cash NOI $ 161,851  $ 154,893  $ 316,151  $ 305,820

Lease termination income (1,097) (242) (741) (4,635)

SLG share of unconsolidated JV lease termination income (1,706) (2,232) (6,332) (2,232)

Same-store cash NOI excluding lease termination income $ 159,048  $ 152,419  $ 309,078  $ 298,953

Supplemental Information

50

Second Quarter 2026

RESEARCH ANALYST COVERAGE

EQUITY COVERAGE

Firm Analyst Phone Email

B of A Securities Jana Galan (646) 855-5042 jana.galan@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 Seth Bergey (212) 816-2066 seth.bergey@citi.com

Deutsche Bank Peter Abramowitz (212) 250-9504 peter.abramowitz@db.com

Evercore ISI Steve Sakwa (212) 446-9462 steve.sakwa@evercoreisi.com

Goldman Sachs & Co. Caitlin Burrows (212) 902-4736 caitlin.burrows@gs.com

Jefferies Joe Dickstein (212) 778-8771 jdickstein1@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

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

51

Second Quarter 2026

EXECUTIVE MANAGEMENT

Marc Holliday Edward V. Piccinich

Chairman and Chief Executive Officer

Chief Operating Officer

Harrison Sitomer Neil H. Kessner

President and Chief Investment Officer Executive Vice President, General

Counsel - Real Property

Matthew J. DiLiberto

Chief Financial Officer

Maggie Hui

Chief Accounting Officer

Andrew S. Levine

Chief Legal Officer - General Counsel, EVP Robert Schiffer

Executive Vice President, Development

Steven M. Durels

Executive Vice President, Director of

Leasing and Real Property

Supplemental Information

52

Second Quarter 2026

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