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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Rental revenue, net $ 215,369 $ 281,329
Escalation and reimbursement 26,399 44,192
Investment income 45,290 40,299
Other income 14,637 11,561
Total revenues 301,695 377,381
Expenses    
Operating expenses, including related party expenses of $3,834 in 2018 and $4,173 in 2017. 59,782 74,506
Real estate taxes 45,661 61,068
Ground rent 8,308 8,308
Interest expense, net of interest income 47,916 65,622
Amortization of deferred financing costs 3,537 4,761
Depreciation and amortization 69,388 94,134
Transaction related costs 162 133
Marketing, general and administrative 23,528 24,143
Total expenses 258,282 332,675
Income before equity in net income from unconsolidated joint ventures, equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate, purchase price and other fair value adjustments gain on sale of real estate, net, depreciable real estate reserves, and gain on sale of investment in marketable securities 43,413 44,706
Equity in net income from unconsolidated joint ventures 4,036 6,614
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (6,440) 2,047
Purchase price and other fair value adjustments 49,293 0
Gain on sale of real estate, net 23,521 567
Depreciable real estate reserves 0 (56,272)
Gain on sale of investment in marketable securities 0 3,262
Net income 113,823 924
Net (income) loss attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (5,272) (476)
Noncontrolling interests in other partnerships (198) 17,491
Preferred units distributions (2,849) (2,850)
Net income (loss) attributable to SL Green/SLGOP 105,504 15,089
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 and fair value adjustments 38,657 62,660
Purchase price and other fair value adjustments 46,868 0
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (6,123) 1,957
Gain on sale of real estate, net 22,364 542
Depreciable real estate reserves 0 (53,808)
Net income attributable to SL Green common stockholders $ 101,766 $ 11,351
Basic earnings per share:    
Income (loss) before depreciable real estate reserves and gains (losses) on sale (in dollars per share) $ 0.43 $ 0.62
Purchase price and other fair value adjustments (in dollars per share) 0.52 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per share) (0.07) 0.02
Gain on sale of real estate, net (in dollars per share) 0.24 0.01
Depreciable real estate reserves (in dollars per share) 0.00 (0.54)
Net income attributable to SL Green common stockholders (usd per share) 1.12 0.11
Diluted earnings per share:    
Purchase price and other fair value adjustments (in dollars per share) 0.52 0.00
Income (loss) before depreciable real estate reserves and gains (losses) on sale (in dollars per share) 0.43 0.62
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per share) (0.07) 0.02
Gain on sale of real estate (in dollars per share) 0.24 0.01
Depreciable real estate reserves (in dollars per share) 0.00 (0.54)
Net income attributable to SL Green common stockholders (usd per share) 1.12 0.11
Dividends per share/unit (usd per share) $ 0.8125 $ 0.775
Basic weighted average common shares outstanding (in shares) 90,520 100,643
Diluted weighted average common shares and common share equivalents outstanding (in shares) 95,256 105,554
SL Green Operating Partnership    
Revenues    
Rental revenue, net $ 215,369 $ 281,329
Escalation and reimbursement 26,399 44,192
Investment income 45,290 40,299
Other income 14,637 11,561
Total revenues 301,695 377,381
Expenses    
Operating expenses, including related party expenses of $3,834 in 2018 and $4,173 in 2017. 59,782 74,506
Real estate taxes 45,661 61,068
Ground rent 8,308 8,308
Interest expense, net of interest income 47,916 65,622
Amortization of deferred financing costs 3,537 4,761
Depreciation and amortization 69,388 94,134
Transaction related costs 162 133
Marketing, general and administrative 23,528 24,143
Total expenses 258,282 332,675
Income before equity in net income from unconsolidated joint ventures, equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate, purchase price and other fair value adjustments gain on sale of real estate, net, depreciable real estate reserves, and gain on sale of investment in marketable securities 43,413 44,706
Equity in net income from unconsolidated joint ventures 4,036 6,614
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (6,440) 2,047
Gain on sale of real estate, net 23,521 567
Depreciable real estate reserves 0 (56,272)
Gain on sale of investment in marketable securities 0 3,262
Net income 113,823 924
Net (income) loss attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (5,272)  
Noncontrolling interests in other partnerships (198) 17,491
Preferred units distributions (2,849) (2,850)
Net income (loss) attributable to SL Green/SLGOP 110,776 15,565
Perpetual preferred unit distributions (3,738) (3,738)
Net income attributable to SLGOP common unitholders 107,038 11,827
Amounts attributable to SL Green common stockholders:    
Income before depreciable real estate reserves and gains on sale and fair value adjustments 40,664 65,485
Purchase price and other fair value adjustments 49,293 0
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (6,440) 2,047
Gain on sale of real estate, net 23,521 567
Depreciable real estate reserves $ 0 $ (56,272)
Basic earnings per share:    
Income (loss) before depreciable real estate reserves and gains (losses) on sale (in dollars per share) $ 0.43 $ 0.62
Purchase price and other fair value adjustments (in dollars per share) 0.52 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per share) (0.07) 0.02
Gain on sale of real estate, net (in dollars per share) 0.24 0.01
Depreciable real estate reserves (in dollars per share) 0.00 (0.54)
Net income attributable to SLGOP common unitholders (usd per share) 1.12 0.11
Diluted earnings per share:    
Income (loss) before depreciable real estate reserves and gains (losses) on sale (in dollars per share) 0.43 0.62
Purchase price and other fair value adjustments (in dollars per share) 0.52 0.00
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per share) (0.07) 0.02
Gain on sale of real estate (in dollars per share) 0.24 0.01
Depreciable real estate reserves (in dollars per share) 0.00 (0.54)
Net income attributable to SLGOP common unitholders (usd per share) 1.12 0.11
Dividends per share/unit (usd per share) $ 0.8125 $ 0.775
Basic weighted average common shares outstanding (in shares) 95,203 105,250
Basic weighted average common units outstanding (in shares) 95,203 105,250
Diluted weighted average common units and common unit equivalents outstanding (in shares) 95,256 105,554