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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Rental revenue, net $ 244,959 $ 238,421 $ 485,077 $ 480,189
Investment income 51,618 49,273 101,649 94,563
Other income 16,447 13,422 30,553 28,059
Total revenues 313,024 301,116 617,279 602,811
Expenses        
Operating expenses, including related party expenses of $5,323 and $8,116 in 2019 and $4,665 and $8,499 in 2018 58,317 56,237 116,015 116,019
Real estate taxes 46,694 45,322 93,382 90,983
Operating lease rent 8,298 8,846 16,596 17,154
Interest expense, net of interest income 47,160 53,611 97,685 101,527
Amortization of deferred financing costs 2,712 3,546 5,454 7,083
Depreciation and amortization 69,461 67,914 137,804 137,302
Transaction related costs 261 348 316 510
Marketing, general and administrative 25,480 22,479 51,459 46,007
Total expenses 258,383 258,303 518,711 516,585
Equity in net (loss) income from unconsolidated joint ventures (7,546) 4,702 (12,780) 8,738
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate 59,015 72,025 76,181 65,585
Purchase price and other fair value adjustments 67,631 11,149 65,590 60,442
(Loss) gain on sale of real estate, net 0 (14,790) (1,049) 8,731
Net income 173,741 115,899 226,510 229,722
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership (8,310) (5,586) (10,587) (10,858)
Noncontrolling interests in other partnerships 2,138 (173) 1,900 (371)
Preferred units distributions (2,729) (2,847) (5,453) (5,696)
Net income (loss) attributable to SL Green/SLGOP 164,840 107,293 212,370 212,797
Perpetual preferred stock dividends (3,737) (3,737) (7,475) (7,475)
Net income attributable to SL Green common stockholders $ 161,103 $ 103,556 $ 204,895 $ 205,322
Basic Earnings per Share (usd per share) $ 1.94 $ 1.19 $ 2.46 $ 2.31
Diluted Earnings per Share (usd per share) $ 1.94 $ 1.19 $ 2.46 $ 2.31
Basic weighted average common shares outstanding (in shares) 82,971 87,176 83,141 88,772
Diluted weighted average common shares and common share equivalents outstanding (in shares) 87,398 92,083 87,606 93,667
SL Green Operating Partnership        
Revenues        
Rental revenue, net $ 244,959 $ 238,421 $ 485,077 $ 480,189
Investment income 51,618 49,273 101,649 94,563
Other income 16,447 13,422 30,553 28,059
Total revenues 313,024 301,116 617,279 602,811
Expenses        
Operating expenses, including related party expenses of $5,323 and $8,116 in 2019 and $4,665 and $8,499 in 2018 58,317 56,237 116,015 116,019
Real estate taxes 46,694 45,322 93,382 90,983
Operating lease rent 8,298 8,846 16,596 17,154
Interest expense, net of interest income 47,160 53,611 97,685 101,527
Amortization of deferred financing costs 2,712 3,546 5,454 7,083
Depreciation and amortization 69,461 67,914 137,804 137,302
Transaction related costs 261 348 316 510
Marketing, general and administrative 25,480 22,479 51,459 46,007
Total expenses 258,383 258,303 518,711 516,585
Equity in net (loss) income from unconsolidated joint ventures (7,546) 4,702 (12,780) 8,738
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate 59,015 72,025 76,181 65,585
Purchase price and other fair value adjustments 67,631 11,149 65,590 60,442
(Loss) gain on sale of real estate, net 0 (14,790) (1,049) 8,731
Net income 173,741 115,899 226,510 229,722
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership     (10,587)  
Noncontrolling interests in other partnerships 2,138 (173) 1,900 (371)
Preferred units distributions (2,729) (2,847) (5,453) (5,696)
Net income (loss) attributable to SL Green/SLGOP 173,150 112,879 222,957 223,655
Perpetual preferred unit distributions (3,737) (3,737) (7,475) (7,475)
Net income attributable to SLGOP common unitholders $ 169,413 $ 109,142 $ 215,482 $ 216,180
Basic Earnings per Unit (usd per share) $ 1.94 $ 1.19 $ 2.46 $ 2.31
Diluted Earnings per Unit (usd per share) $ 1.94 $ 1.19 $ 2.46 $ 2.31
Basic weighted average common units outstanding (in shares) 87,231 91,882 87,437 93,467
Diluted weighted average common units and common unit equivalents outstanding (in shares) 87,398 92,083 87,606 93,667