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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Rental revenue, net $ 281,329 $ 345,607
Escalation and reimbursement 44,192 45,611
Investment income 40,299 54,737
Other income 11,561 9,489
Total revenues 377,381 455,444
Expenses    
Operating expenses, including $4,173 in 2017 and $3,462 in 2016 of related party expenses 74,506 79,520
Real estate taxes 61,068 61,674
Ground rent 8,308 8,308
Interest expense, net of interest income 65,622 94,672
Amortization of deferred financing costs 4,761 7,932
Depreciation and amortization 94,134 179,308
Transaction related costs 133 1,279
Marketing, general and administrative 24,143 24,032
Total expenses 332,675 456,725
Income (loss) 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, and gain on sale of investment in marketable securities 44,706 (1,281)
Equity in net income from unconsolidated joint ventures 6,614 10,096
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 2,047 9,915
Gain on sale of real estate, net 567 13,773
Depreciable real estate reserves (56,272) 0
Gain on sale of investment in marketable securities 3,262 0
Net income 924 32,503
Net income attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (476) (922)
Noncontrolling interests in other partnerships 17,491 (1,974)
Preferred units distributions (2,850) (2,648)
Net income (loss) attributable to SL Green/SLGOP 15,089 26,959
Perpetual preferred stock dividends (3,738) (3,738)
Amounts attributable to SL Green common stockholders:    
Income before depreciable real estate reserves and gains on sale 62,660 438
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 1,957 9,536
Gain on sale of real estate, net 542 13,247
Depreciable real estate reserves (53,808) 0
Net income attributable to SL Green common stockholders $ 11,351 $ 23,221
Basic earnings per share:    
Income (loss) from continuing operations before depreciable real estate reserves, gains on sale and discontinued operations (in usd per share) $ 0.62 $ 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.02 0.10
Gain on sale of real estate (in dollars per share) 0.01 0.13
Depreciable Real Estate Reserves, Effect on Earnings, Per Basic Share (0.54) 0.00
Net income attributable to SL Green common stockholders (usd per share) 0.11 0.23
Diluted earnings per share:    
Income (loss) from continuing operations before depreciable real estate reserves, gains on sale and discontinued operations (in usd per share) 0.62 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.02 0.10
Gain on sale of real estate (in dollars per share) 0.01 0.13
Depreciable real estate reserves (in dollars per share) (0.54) 0.00
Net income attributable to SL Green common stockholders (usd per share) 0.11 0.23
Dividends per share/unit (usd per share) $ 0.775 $ 0.72
Basic weighted average common shares outstanding (in shares) 100,643 100,051
Diluted weighted average common shares and common share equivalents outstanding (in shares) 105,554 104,259
SL Green Operating Partnership    
Revenues    
Rental revenue, net $ 281,329 $ 345,607
Escalation and reimbursement 44,192 45,611
Investment income 40,299 54,737
Other income 11,561 9,489
Total revenues 377,381 455,444
Expenses    
Operating expenses, including $4,173 in 2017 and $3,462 in 2016 of related party expenses 74,506 79,520
Real estate taxes 61,068 61,674
Ground rent 8,308 8,308
Interest expense, net of interest income 65,622 94,672
Amortization of deferred financing costs 4,761 7,932
Depreciation and amortization 94,134 179,308
Transaction related costs 133 1,279
Marketing, general and administrative 24,143 24,032
Total expenses 332,675 456,725
Income (loss) 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, and gain on sale of investment in marketable securities 44,706 (1,281)
Equity in net income from unconsolidated joint ventures 6,614 10,096
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 2,047 9,915
Gain on sale of real estate, net 567 13,773
Depreciable real estate reserves (56,272) 0
Gain on sale of investment in marketable securities 3,262 0
Net income 924 32,503
Net income attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (476)  
Noncontrolling interests in other partnerships 17,491 (1,974)
Preferred units distributions (2,850) (2,648)
Net income (loss) attributable to SL Green/SLGOP 15,565 27,881
Perpetual preferred unit distributions (3,738) (3,738)
Net income attributable to SLGOP common unitholders 11,827 24,143
Amounts attributable to SL Green common stockholders:    
Income before depreciable real estate reserves and gains on sale 65,485 455
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 2,047 9,915
Gain on sale of real estate, net 567 13,773
Depreciable real estate reserves $ (56,272) $ 0
Basic earnings per share:    
(Loss) income from continuing operations before gains on sale and discontinued operations (usd per share) $ 0.62 $ 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.02 0.10
Gain on sale of real estate (in dollars per share) 0.01 0.13
Depreciable Real Estate Reserves, Effect on Earnings, Per Basic Share (0.54) 0.00
Net income attributable to SLGOP common unitholders (usd per share) 0.11 0.23
Diluted earnings per share:    
(Loss) income from continuing operations before gains on sale and discontinued operations (in usd per share) 0.62 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (usd per share) 0.02 0.10
Gain on sale of real estate (in dollars per share) 0.01 0.13
Depreciable real estate reserves (in dollars per share) (0.54) 0.00
Net income attributable to SLGOP common unitholders (usd per share) 0.11 0.23
Dividends per share/unit (usd per share) $ 0.775 $ 0.72
Basic weighted average common shares outstanding (in shares) 105,250 104,025
Basic weighted average common units outstanding (in shares) 105,250 104,025
Diluted weighted average common units and common unit equivalents outstanding (in shares) 105,554 104,259