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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Rental revenue, net $ 416,809,000 $ 304,226,000 $ 762,416,000 $ 607,555,000
Escalation and reimbursement 48,616,000 41,407,000 94,227,000 82,376,000
Investment income 44,214,000 45,191,000 98,951,000 87,260,000
Other income 107,975,000 18,250,000 117,464,000 28,182,000
Total revenues 617,614,000 409,074,000 1,073,058,000 805,373,000
Expenses        
Operating expenses, including $6,667 and $10,129 in 2016 and $4,472 and $8,189 in 2015 of related party expenses 75,324,000 70,114,000 154,844,000 146,891,000
Real estate taxes 62,124,000 56,286,000 123,798,000 112,009,000
Ground rent 8,307,000 8,086,000 16,615,000 16,274,000
Interest expense, net of interest income 89,089,000 75,746,000 183,761,000 151,553,000
Amortization of deferred financing costs 7,433,000 5,952,000 15,365,000 12,567,000
Depreciation and amortization 425,042,000 199,565,000 604,350,000 307,902,000
Transaction related costs 2,115,000 3,067,000 3,394,000 4,210,000
Marketing, general and administrative 24,484,000 23,200,000 48,516,000 48,664,000
Total expenses 693,918,000 442,016,000 1,150,643,000 800,070,000
(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, gain on sale of real estate, net, depreciable real estate reserves, loss on sale of investment in marketable securities and loss on early extinguishment of debt (76,304,000) (32,942,000) (77,585,000) 5,303,000
Equity in net income from unconsolidated joint ventures 5,841,000 2,994,000 15,937,000 7,024,000
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 33,448,000 769,000 43,363,000 769,000
Gain on sale of real estate, net 196,580,000 0 210,353,000.00 0
Depreciable real estate reserves (10,387,000) 0 (10,387,000) 0
Loss on sale of investment in marketable securities (83,000) 0 (83,000) 0
Loss on early extinguishment of debt 0 0 0 (49,000)
Income (loss) from continuing operations 149,095,000 (29,179,000) 181,598,000 13,047,000
Net income (loss) from discontinued operations 0 0 0 427,000
Gain on sale of discontinued operations 0 0 0 12,983,000
Net income (loss) 149,095,000 (29,179,000) 181,598,000 26,457,000
Net income attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership (5,586,000) 1,577,000 (6,508,000) (166,000)
Net income attributable to noncontrolling interests (3,435,000) (6,626,000) (5,409,000) (12,553,000)
Preferred units distributions (2,880,000) (1,140,000) (5,528,000) (2,091,000)
Net income (loss) attributable to SL Green/SLGOP 137,194,000 (35,368,000) 164,153,000 11,647,000
Perpetual preferred stock dividends (3,737,000) (3,738,000) (7,475,000) (7,476,000)
Amounts attributable to SL Green common stockholders:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (77,056,000) (39,846,000) (76,947,000) (9,467,000)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 32,058,000 740,000 41,634,000 740,000
Net income from discontinued operations 0 0 0 411,000
Gain on sale of discontinued operations 0 0 0 12,487,000
Gain on sale of real estate 188,410,000 0 201,964,000 0
Depreciable real estate reserves (9,955,000) 0 (9,973,000) 0
Net income (loss) attributable to SL Green common stockholders $ 133,457,000 $ (39,106,000) $ 156,678,000 $ 4,171,000
Basic earnings per share:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) $ (0.77) $ (0.40) $ (0.77) $ (0.10)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.32 0.01 0.42 0.01
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.00 0.13
Gain on sale of real estate (in dollars per share) 1.88 0.00 2.02 0.00
Depreciable Real Estate Reserves, Effect on Earnings, Per Basic Share (0.10) 0.00 (0.10) 0.00
Net income attributable to SL Green common stockholders (usd per share) 1.33 (0.39) 1.57 0.04
Diluted earnings per share:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (usd per share) (0.77) (0.40) (0.77) (0.10)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.32 0.01 0.42 0.01
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.00 0.13
Gain on sale of real estate (in dollars per share) 1.88 0.00 2.01 0.00
Depreciable real estate reserves (in dollars per share) (0.10) 0.00 (0.10) 0.00
Net income attributable to SL Green common stockholders (usd per share) 1.33 (0.39) 1.56 0.04
Dividends per share/unit (usd per share) $ 0.72 $ 0.60 $ 1.44 $ 1.20
Basic weighted average common shares outstanding (in shares) 100,134,000 99,579,000 100,093,000 98,994,000
Diluted weighted average common shares and common share equivalents outstanding (in shares) 104,792,000 99,579,000 104,533,000 103,423,000
SL Green Operating Partnership        
Revenues        
Rental revenue, net $ 416,809,000 $ 304,226,000 $ 762,416,000 $ 607,555,000
Escalation and reimbursement 48,616,000 41,407,000 94,227,000 82,376,000
Investment income 44,214,000 45,191,000 98,951,000 87,260,000
Other income 107,975,000 18,250,000 117,464,000 28,182,000
Total revenues 617,614,000 409,074,000 1,073,058,000 805,373,000
Expenses        
Operating expenses, including $6,667 and $10,129 in 2016 and $4,472 and $8,189 in 2015 of related party expenses 75,324,000 70,114,000 154,844,000 146,891,000
Real estate taxes 62,124,000 56,286,000 123,798,000 112,009,000
Ground rent 8,307,000 8,086,000 16,615,000 16,274,000
Interest expense, net of interest income 89,089,000 75,746,000 183,761,000 151,553,000
Amortization of deferred financing costs 7,433,000 5,952,000 15,365,000 12,567,000
Depreciation and amortization 425,042,000 199,565,000 604,350,000 307,902,000
Transaction related costs 2,115,000 3,067,000 3,394,000 4,210,000
Marketing, general and administrative 24,484,000 23,200,000 48,516,000 48,664,000
Total expenses 693,918,000 442,016,000 1,150,643,000 800,070,000
(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, gain on sale of real estate, net, depreciable real estate reserves, loss on sale of investment in marketable securities and loss on early extinguishment of debt (76,304,000) (32,942,000) (77,585,000) 5,303,000
Equity in net income from unconsolidated joint ventures 5,841,000 2,994,000 15,937,000 7,024,000
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 33,448,000 769,000 43,363,000 769,000
Gain on sale of real estate, net 196,580,000 0 210,353,000 0
Depreciable real estate reserves (10,387,000) 0 (10,387,000) 0
Loss on sale of investment in marketable securities (83,000) 0 (83,000) 0
Loss on early extinguishment of debt 0 0 0 (49,000)
Income (loss) from continuing operations 149,095,000 (29,179,000) 181,598,000 13,047,000
Net income (loss) from discontinued operations 0 0 0 427,000
Gain on sale of discontinued operations 0 0 0 12,983,000
Net income (loss) 149,095,000 (29,179,000) 181,598,000 26,457,000
Net income attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership     (6,508,000)  
Net income attributable to noncontrolling interests (3,435,000) (6,626,000) (5,409,000) (12,553,000)
Preferred units distributions (2,880,000) (1,140,000) (5,528,000) (2,091,000)
Net income (loss) attributable to SL Green/SLGOP 142,780,000 (36,945,000) 170,661,000 11,813,000
Perpetual preferred unit distributions (3,737,000) (3,738,000) (7,475,000) (7,476,000)
Net income (loss) attributable to SLGOP common unitholders 139,043,000 (40,683,000) 163,186,000 4,337,000
Amounts attributable to SL Green common stockholders:        
(Loss) income from continuing operations before purchase price fair value adjustment, gains on sale and discontinued operations (80,598,000) (41,452,000) (80,143,000) (9,842,000)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 33,448,000 769,000 43,363,000 769,000
Net income from discontinued operations 0 0 0 427,000
Gain on sale of discontinued operations 0 0 0 12,983,000
Gain on sale of real estate 196,580,000 0 210,353,000 0
Depreciable real estate reserves (10,387,000) 0 (10,387,000) 0
Net income (loss) attributable to SL Green common stockholders $ 139,043,000 $ (40,683,000) $ 163,186,000 $ 4,337,000
Basic earnings per share:        
(Loss) income from continuing operations before gains on sale and discontinued operations (usd per share) $ (0.77) $ (0.40) $ (0.77) $ (0.10)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.32 0.01 0.42 0.01
Net income from discontinued operations (usd per share) 0.00 0.00 0.00 0.00
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.00 0.13
Gain on sale of real estate (in dollars per share) 1.88 0.00 2.02 0.00
Depreciable Real Estate Reserves, Effect on Earnings, Per Basic Share (0.10) 0.00 (0.10) 0.00
Net income attributable to SLGOP common unitholders (usd per share) 1.33 (0.39) 1.57 0.04
Diluted earnings per share:        
(Loss) income from continuing operations before gains on sale and discontinued operations (in usd per share) (0.77) (0.40) (0.77) (0.10)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.32 0.01 0.42 0.01
Gain on sale of discontinued operations (usd per share) 0.00 0.00 0.00 0.13
Gain on sale of real estate (in dollars per share) 1.88 0.00 2.01 0.00
Depreciable real estate reserves (in dollars per share) (0.10) 0.00 (0.10) 0.00
Net income attributable to SLGOP common unitholders (usd per share) 1.33 (0.39) 1.56 0.04
Dividends per share/unit (usd per share) $ 0.72 $ 0.60 $ 1.44 $ 1.20
Basic weighted average common shares outstanding (in shares) 104,476,000 103,487,000 104,251,000 102,930,000
Basic weighted average common units outstanding (in shares) 104,476 103,487 104,251 102,930
Diluted weighted average common units and common unit equivalents outstanding (in shares) 104,792 103,487 104,533 103,423