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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Commercial real estate properties, at cost:    
Land and land interests $ 1,929,496 $ 1,774,899
Building and improvements 5,749,261 5,268,484
Building leasehold and improvements 1,427,225 1,423,107
Right of use asset - financing leases 47,445 47,445
Right of use asset - operating leases 396,795 0
Total commercial real estate properties, at cost 9,550,222 8,513,935
Less: accumulated depreciation (2,217,013) (2,099,137)
Total commercial real estate properties, net 7,333,209 6,414,798
Cash and cash equivalents 148,978 129,475
Restricted cash 92,169 149,638
Investments in marketable securities 29,978 28,638
Tenant and other receivables 38,270 41,589
Related party receivables 23,686 28,033
Deferred rents receivable 341,659 335,985
Debt and preferred equity investments, net of discounts and deferred origination fees of $19,963 and $22,379 in 2019 and 2018, respectively, and allowance of $1,750 and $5,750 in 2019 and 2018, respectively. 2,228,912 2,099,393
Investments in unconsolidated joint ventures 2,937,153 3,019,020
Deferred costs, net 220,572 209,110
Other assets 235,355 295,679
Total assets [1] 13,629,941 12,751,358
Liabilities    
Mortgages and other loans payable, net 2,330,413 1,961,240
Revolving credit facility, net 663,118 492,196
Unsecured term loans, net 1,493,302 1,493,051
Unsecured notes, net 1,495,956 1,495,214
Accrued interest payable 25,564 23,154
Other liabilities 123,921 116,566
Accounts payable and accrued expenses 133,473 147,060
Deferred revenue 122,941 94,453
Lease liability - financing leases 44,034 43,616
Lease liability - operating leases 387,602 3,603
Dividend and distributions payable 79,272 80,430
Security deposits 62,735 64,688
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 7,062,331 6,115,271
Commitments and contingencies
Noncontrolling interests in Operating Partnership 401,824 387,805
Preferred units 286,285 300,427
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2019 and December 31, 2018 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 83,465 and 84,739 issued and outstanding at June 30, 2019 and December 31, 2018, respectively (including 1,055 shares held in treasury at June 30, 2019 and December 31, 2018) 835 847
Additional paid-in-capital 4,451,209 4,508,685
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive (loss) income (28,395) 15,108
Retained earnings 1,288,390 1,278,998
Total SL Green stockholders' equity 5,809,922 5,901,521
Noncontrolling interests in other partnerships 69,579 46,334
Total equity 5,879,501 5,947,855
SL Green stockholders equity:    
Total liabilities and equity/capital 13,629,941 12,751,358
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,929,496 1,774,899
Building and improvements 5,749,261 5,268,484
Building leasehold and improvements 1,427,225 1,423,107
Right of use asset - financing leases 47,445 47,445
Right of use asset - operating leases 396,795 0
Total commercial real estate properties, at cost 9,550,222 8,513,935
Less: accumulated depreciation (2,217,013) (2,099,137)
Total commercial real estate properties, net 7,333,209 6,414,798
Cash and cash equivalents 148,978 129,475
Restricted cash 92,169 149,638
Investments in marketable securities 29,978 28,638
Tenant and other receivables 38,270 41,589
Related party receivables 23,686 28,033
Deferred rents receivable 341,659 335,985
Debt and preferred equity investments, net of discounts and deferred origination fees of $19,963 and $22,379 in 2019 and 2018, respectively, and allowance of $1,750 and $5,750 in 2019 and 2018, respectively. 2,228,912 2,099,393
Investments in unconsolidated joint ventures 2,937,153 3,019,020
Deferred costs, net 220,572 209,110
Other assets 235,355 295,679
Total assets [2] 13,629,941 12,751,358
Liabilities    
Mortgages and other loans payable, net 2,330,413 1,961,240
Revolving credit facility, net 663,118 492,196
Unsecured term loans, net 1,493,302 1,493,051
Unsecured notes, net 1,495,956 1,495,214
Accrued interest payable 25,564 23,154
Other liabilities 123,921 116,566
Accounts payable and accrued expenses 133,473 147,060
Deferred revenue 122,941 94,453
Lease liability - financing leases 44,034 43,616
Lease liability - operating leases 387,602 3,603
Dividend and distributions payable 79,272 80,430
Security deposits 62,735 64,688
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 7,062,331 6,115,271
Commitments and contingencies
Noncontrolling interests in Operating Partnership 401,824 387,805
Limited partner interests in SLGOP (4,259 and 4,131 limited partner common units outstanding at June 30, 2019 and December 31, 2018, respectively) 401,824 387,805
Preferred units 286,285 300,427
Equity    
Accumulated other comprehensive (loss) income (28,395) 15,108
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2019 and December 31, 2018 221,932 221,932
SL Green partners' capital (867 and 878 general partner common units and 81,543 and 82,806 limited partner common units outstanding at June 30, 2019 and December 31, 2018, respectively) 5,616,385 5,664,481
Total SLGOP partners' capital 5,809,922 5,901,521
Noncontrolling interests in other partnerships 69,579 46,334
Total capital 5,879,501 5,947,855
Total liabilities and equity/capital $ 13,629,941 $ 12,751,358
[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $219.4 million and $110.0 million of land, $0.5 billion and $0.3 billion of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $61.7 million and $47.4 million of right of use assets, $21.4 million and $42.2 million of accumulated depreciation, $86.1 million and $112.6 million of other assets included in other line items, $461.7 million and $140.8 million of real estate debt, net, $1.5 million and $0.4 million of accrued interest payable, $57.1 million and $43.6 million of lease liabilities, and $50.4 million and $18.3 million of other liabilities included in other line items as of June 30, 2019 and December 31, 2018, respectively.
[2] The Operating Partnership's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $219.4 million and $110.0 million of land, $0.5 billion and $0.3 billion of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $61.7 million and $47.4 million of right of use assets, $21.4 million and $42.2 million of accumulated depreciation, $86.1 million and $112.6 million of other assets included in other line items, $461.7 million and $140.8 million of real estate debt, net, $1.5 million and $0.4 million of accrued interest payable, $57.1 million and $43.6 million of lease liabilities, and $50.4 million and $18.3 million of other liabilities included in other line items as of June 30, 2019 and December 31, 2018, respectively.