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Consolidated Statements of Income (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Rental revenue, net $ 272,079,000 $ 261,675,000
Escalation and reimbursement 40,383,000 39,804,000
Investment income 54,084,000 52,708,000
Other income 14,582,000 5,766,000
Total revenues 381,128,000 359,953,000
Expenses    
Operating expenses, including $3,411 (2014) and $3,889 (2013) of related party expenses 73,486,000 71,170,000
Real estate taxes 55,316,000 52,444,000
Ground rent 8,033,000 8,128,000
Interest expense, net of interest income 80,180,000 80,775,000
Amortization of deferred financing costs 3,868,000 4,463,000
Depreciation and amortization 89,379,000 78,623,000
Transaction related costs, net of recoveries 2,474,000 1,358,000
Marketing, general and administrative 23,257,000 21,067,000
Total expenses 335,993,000 318,028,000
Income from continuing operations before equity in net income from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, loss on sale of investment in marketable securities and gain (loss) on early extinguishment of debt 45,135,000 41,925,000
Equity in net income from unconsolidated joint ventures 6,128,000 5,073,000
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 104,640,000 0
Loss on sale of investment in marketable securities 0 (57,000)
Gain (loss) on early extinguishment of debt 3,000 (18,513,000)
Income from continuing operations 155,906,000 28,428,000
Net income from discontinued operations 706,000 796,000
Gain on sale of discontinued operations 0 1,113,000
Net income 156,612,000 30,337,000
Net income attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (4,729,000) (555,000)
Noncontrolling interests in other partnerships (1,490,000) (2,901,000)
Preferred units distribution (565,000) (565,000)
Net income attributable to SL Green 149,828,000 26,316,000
Perpetual preferred stock dividends (3,738,000) (7,407,000)
Net income 146,090,000 18,909,000
Amounts attributable to SL Green common stockholders:    
Income from continuing operations 44,047,000 17,055,000
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 101,359,000 0
Net income from discontinued operations 684,000 773,000
Gain on sale of discontinued operations 0 1,081,000
Net income 146,090,000 18,909,000
Basic earnings per share:    
Income from continuing operations before discontinued operations (usd per share) $ 0.46 $ 0.19
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) $ 1.07 $ 0.00
Net income from discontinued operations (usd per share) $ 0.01 $ 0.01
Gain on sale of discontinued operations (usd per share) $ 0.00 $ 0.01
Net income attributable to SL Green common stockholders (usd per share) $ 1.54 $ 0.21
Diluted earnings per share:    
Income from continuing operations before discontinued operations (usd per share) $ 0.46 $ 0.19
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) $ 1.06 $ 0.00
Net income from discontinued operations (usd per share) $ 0.01 $ 0.01
Gain on sale of discontinued operations (usd per share) $ 0.00 $ 0.01
Net income attributable to SL Green common stockholders (usd per share) $ 1.53 $ 0.21
Dividends per share (usd per share) $ 0.50 $ 0.33
Basic weighted average common shares outstanding (in shares) 95,117 91,399
Diluted weighted average common shares and common share equivalents outstanding (usd per share) 98,716 94,302
SL Green Operating Partnership
   
Revenues    
Rental revenue, net 272,079,000 261,675,000
Escalation and reimbursement 40,383,000 39,804,000
Investment income 54,084,000 52,708,000
Other income 14,582,000 5,766,000
Total revenues 381,128,000 359,953,000
Expenses    
Operating expenses, including $3,411 (2014) and $3,889 (2013) of related party expenses 73,486,000 71,170,000
Real estate taxes 55,316,000 52,444,000
Ground rent 8,033,000 8,128,000
Interest expense, net of interest income 80,180,000 80,775,000
Amortization of deferred financing costs 3,868,000 4,463,000
Depreciation and amortization 89,379,000 78,623,000
Transaction related costs, net of recoveries 2,474,000 1,358,000
Marketing, general and administrative 23,257,000 21,067,000
Total expenses 335,993,000 318,028,000
Income from continuing operations before equity in net income from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, loss on sale of investment in marketable securities and gain (loss) on early extinguishment of debt 45,135,000 41,925,000
Equity in net income from unconsolidated joint ventures 6,128,000 5,073,000
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 104,640,000 0
Loss on sale of investment in marketable securities 0 (57,000)
Gain (loss) on early extinguishment of debt 3,000 (18,513,000)
Income from continuing operations 155,906,000 28,428,000
Net income from discontinued operations 706,000 796,000
Gain on sale of discontinued operations 0 1,113,000
Net income 156,612,000 30,337,000
Net income attributable to noncontrolling interests:    
Noncontrolling interests in other partnerships (1,490,000) (2,901,000)
Net income attributable to SL Green 154,557,000 26,871,000
Net income 150,819,000 19,464,000
Amounts attributable to SL Green common stockholders:    
Income from continuing operations 45,473,000 17,555,000
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 104,640,000 0
Gain on sale of discontinued operations 0 1,113,000
Net income 150,819,000 19,464,000
Basic earnings per share:    
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) $ 1.07 $ 0.00
Gain on sale of discontinued operations (usd per share) $ 0.00 $ 0.01
Diluted earnings per share:    
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) $ 1.06 $ 0.00
Gain on sale of discontinued operations (usd per share) $ 0.00 $ 0.01
Dividends per share (usd per share) $ 0.50  
Noncontrolling Interest [Abstract]    
Preferred unit distributions (565,000) (565,000)
Perpetual preferred unit distributions (3,738,000) (7,407,000)
Net income attributable to SLGOP common unitholders 150,819,000 19,464,000
Net income from discontinued operations $ 706,000 $ 796,000
Net income from continuing operations before gains on sale and discontinued operations (in dollars per share) $ 0.46 $ 0.19
Net income from discontinued operations (in dollars per share) $ 0.01 $ 0.01
Net income attributable to SL Green common stockholders (in dollars per share) $ 1.54 $ 0.21
Net income from continuing operations before gains on sale and discontinued operations (in dollars per share) $ 0.46 $ 0.19
Net income from discontinued operations (in dollars per share) $ 0.01 $ 0.01
Net income attributable to SL Green common stockholders (in dollars per share) $ 1.53 $ 0.21
Dividends per unit (usd per share) $ 0.5 $ 0.33
Basic weighted average common shares outstanding (in shares) 98,196 94,086
Diluted weighted average common shares and common share equivalents outstanding (in shares) 98,716 94,302