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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Rental revenue, net $ 304,226 $ 279,608 $ 607,555 $ 535,584
Escalation and reimbursement 41,407 38,576 82,376 76,383
Investment income 45,191 39,714 87,260 93,798
Other income 18,250 22,734 28,182 37,312
Total revenues 409,074 380,632 805,373 743,077
Expenses        
Operating expenses, including $4,472 and $8,189 in 2015 and $4,567 and $8,080 in 2014 of related party expenses 70,114 69,098 146,891 139,010
Real estate taxes 56,286 51,804 112,009 104,154
Ground rent 8,086 8,040 16,274 16,073
Interest expense, net of interest income 75,746 77,870 151,553 154,048
Amortization of deferred financing costs 5,952 5,401 12,567 9,058
Depreciation and amortization 199,565 93,379 307,902 179,894
Transaction related costs 3,067 1,697 4,210 4,171
Marketing, general and administrative 23,200 23,872 48,664 47,128
Total expenses 442,016 331,161 800,070 653,536
(Loss) 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, purchase price fair value adjustment and loss on early extinguishment of debt (32,942) 49,471 5,303 89,541
Equity in net income from unconsolidated joint ventures 2,994 8,619 7,024 14,748
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 769 1,444 769 106,084
Purchase price fair value adjustment 0 71,446 0 71,446
Loss on early extinguishment of debt 0 (1,028) (49) (1,025)
(Loss) income from continuing operations (29,179) 129,952 13,047 280,794
Net income from discontinued operations 0 5,645 427 11,414
Gain on sale of discontinued operations 0 114,735 12,983 114,735
Net (loss) income (29,179) 250,332 26,457 406,943
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership 1,577 (8,645) (166) (13,374)
Net income attributable to noncontrolling interests in other partnerships (6,626) (1,843) (12,553) (3,333)
Preferred units distributions (1,140) (565) (2,091) (1,130)
Net income attributable to SL Green/SLGOP (35,368) 239,279 11,647 389,106
Perpetual preferred stock dividends (3,738) (3,738) (7,476) (7,475)
Amounts attributable to SL Green common stockholders:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (39,846) 49,134 (9,467) 88,234
Purchase price fair value adjustment 0 68,909 0 69,027
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 740 1,393 740 102,492
Net income from discontinued operations 0 5,445 411 11,028
Gain on sale of discontinued operations 0 110,660 12,487 110,850
Net (loss) income attributable to SL Green common stockholders $ (39,106) $ 235,541 $ 4,171 $ 381,631
Basic earnings per share:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) $ (0.40) $ 0.52 $ (0.10) $ 0.93
Purchase price fair value adjustment - net of OP (in usd per share) 0.00 0.72 0.00 0.72
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.01 0.02 0.01 1.08
Net income from discontinued operations (usd per share) 0.00 0.05 0.00 0.12
Gain on sale of discontinued operations (usd per share) 0.00 1.16 0.13 1.16
Net income attributable to SL Green common stockholders (usd per share) (0.39) 2.47 0.04 4.01
Diluted earnings per share:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) (0.40) 0.51 (0.10) 0.92
Purchase price fair value adjustment (in usd per share) 0.00 0.72 0.00 0.72
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.01 0.02 0.01 1.07
Net income from discontinued operations (usd per share) 0.00 0.06 0.00 0.12
Gain on sale of discontinued operations (usd per share) 0.00 1.15 0.13 1.16
Net income attributable to SL Green common stockholders (usd per share) (0.39) 2.46 0.04 3.99
Dividends per share/unit (in usd per share) $ 0.60 $ 0.50 $ 1.2 $ 1
Basic weighted average common shares outstanding (shares) 99,579 95,455 98,994 95,288
Diluted weighted average common shares and common share equivalents outstanding (in shares) 99,579 99,484 103,423 99,128
SL Green Operating Partnership        
Revenues        
Rental revenue, net $ 304,226 $ 279,608 $ 607,555 $ 535,584
Escalation and reimbursement 41,407 38,576 82,376 76,383
Investment income 45,191 39,714 87,260 93,798
Other income 18,250 22,734 28,182 37,312
Total revenues 409,074 380,632 805,373 743,077
Expenses        
Operating expenses, including $4,472 and $8,189 in 2015 and $4,567 and $8,080 in 2014 of related party expenses 70,114 69,098 146,891 139,010
Real estate taxes 56,286 51,804 112,009 104,154
Ground rent 8,086 8,040 16,274 16,073
Interest expense, net of interest income 75,746 77,870 151,553 154,048
Amortization of deferred financing costs 5,952 5,401 12,567 9,058
Depreciation and amortization 199,565 93,379 307,902 179,894
Transaction related costs 3,067 1,697 4,210 4,171
Marketing, general and administrative 23,200 23,872 48,664 47,128
Total expenses 442,016 331,161 800,070 653,536
(Loss) 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, purchase price fair value adjustment and loss on early extinguishment of debt (32,942) 49,471 5,303 89,541
Equity in net income from unconsolidated joint ventures 2,994 8,619 7,024 14,748
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 769 1,444 769 106,084
Purchase price fair value adjustment 0 71,446 0 71,446
Loss on early extinguishment of debt 0 (1,028) (49) (1,025)
(Loss) income from continuing operations (29,179) 129,952 13,047 280,794
Net income from discontinued operations 0 5,645 427 11,414
Gain on sale of discontinued operations 0 114,735 12,983 114,735
Net (loss) income (29,179) 250,332 26,457 406,943
Net loss (income) attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests in other partnerships (6,626) (1,843) (12,553) (3,333)
Preferred unit distributions (1,140) (565) (2,091) (1,130)
Net income attributable to SL Green/SLGOP (36,945) 247,924 11,813 402,480
Perpetual preferred unit distributions (3,738) (3,738) (7,476) (7,475)
Net (loss) income attributable to SLGOP common unitholders (40,683) 244,186 4,337 395,005
Amounts attributable to SL Green common stockholders:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (41,452) 50,916 (9,842) 91,326
Purchase price fair value adjustment 0 71,446 0 71,446
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 769 1,444 769 106,084
Net income from discontinued operations 0 5,645 427 11,414
Gain on sale of discontinued operations $ 0 $ 114,735 $ 12,983 $ 114,735
Basic earnings per share:        
(Loss) income from continuing operations before gains on sale and discontinued operations (in dollars per share) $ (0.40) $ 0.52 $ (0.10) $ 0.93
Purchase price value adjustment (in usd per share) 0.00 0.72 0.00 0.72
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.01 0.02 0.01 1.08
Net income from discontinued operations (in dollars per share) 0.00 0.05 0.00 0.12
Gain on sale of discontinued operations (usd per share) 0.00 1.16 0.13 1.16
Net income attributable to SLGOP common unitholders (in dollars per share) (0.39) 2.47 0.04 4.01
Diluted earnings per share:        
(Loss) income from continuing operations before gains on sale and discontinued operations (in dollars per share) (0.40) 0.51 (0.10) 0.92
Purchase price fair value adjustment (in usd per share) 0.00 0.72 0.00 0.72
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.01 0.02 0.01 1.07
Net income from discontinued operations (in dollars per share) 0.00 0.06 0.00 0.12
Gain on sale of discontinued operations (usd per share) 0.00 1.15 0.13 1.16
Net income attributable to SLGOP common unitholders (in dollars per share) (0.39) 2.46 0.04 3.99
Dividends per share/unit (in usd per share) $ 0.60 $ 0.50 $ 1.2 $ 1
Basic weighted average common units outstanding (in shares) 103,487 98,970 102,930 98,627
Diluted weighted average common units and common unit equivalents outstanding (in shares) 103,487 99,484 103,423 99,128