8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 16, 2019

SL GREEN REALTY CORP.

(Exact name of registrant as specified in its charter)

Maryland

(State of Incorporation)

1-13199	13-3956775
(Commission File Number)	(I.R.S. employer identification number)

420 Lexington Avenue		10170
New York,	New York	(Zip Code)

(Address of principal executive offices)

(212) 594-2700

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[☐] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[☐] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[☐] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[☐] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     [☐]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [ ]

Item 2.02.    Results of Operations and Financial Condition

Following the issuance of a press release on October 16, 2019 announcing SL Green Realty Corp.’s, or the Company, results for the quarter ended September 30, 2019, the Company has made available on its website supplemental information regarding the Company’s operations that is too voluminous for a press release. The Company is attaching the press release as Exhibit 99.1 and the supplemental package as Exhibit 99.2 to this Current Report on Form 8-K.

The information (including Exhibits 99.1 and 99.2) being furnished pursuant to this “Item 2.02. Results of Operations and Financial Condition” shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Act, or the Exchange Act regardless of any general incorporation language in such filing.

Item 7.01.    Regulation FD Disclosure

As discussed in Item 2.02 above, on October 16, 2019, the Company issued a press release announcing its results for the quarter ended September 30, 2019.

The information being furnished pursuant to this “Item 7.01. Regulation FD Disclosure” shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing. This information will not be deemed an admission as to the materiality of such information that is required to be disclosed solely by Regulation FD.

Item 9.01.    Financial Statements and Exhibits

(d)     Exhibits

99.1    Press release regarding results for the quarter ended September 30, 2019.

99.2    Supplemental package.

Non-GAAP Supplemental Financial Measures

Funds from Operations (FFO)

FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.

The Company presents FFO because it considers it an important supplemental measure of the Company’s operating performance and believes that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, particularly those that own and operate commercial office properties. The Company also uses FFO as one of several criteria to determine performance-based bonuses for members of its senior management. FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions, and real estate related impairment charges, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, and interest costs, providing perspective not immediately apparent from net income. FFO does not represent cash generated from operating activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance or to cash flow from operating activities (determined in accordance with GAAP) as a measure of the Company’s liquidity, nor is it indicative of funds available to fund the Company’s cash needs, including our ability to make cash distributions.

Funds Available for Distribution (FAD)

FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and a pro-rata adjustment for FAD from SLG’s unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring building improvements.

FAD is not intended to represent cash flow for the period and is not indicative of cash flow provided by operating activities as determined in accordance with GAAP. FAD is presented solely as a supplemental disclosure with respect to liquidity because the Company believes it provides useful information regarding the Company’s ability to fund its dividends. Because all companies do not calculate FAD the same way, the presentation of FAD may not be comparable to similarly titled measures of other companies. FAD does not represent cash flow from operating, investing and finance activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)

EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.

The Company presents EBITDAre because the Company believes that EBITDAre, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of the Company’s ability to incur and service debt. EBITDAre should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.

Net Operating Income (NOI) and Cash NOI

NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and amortization of acquired above and below-market leases, net from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.

The Company presents NOI and Cash NOI because the Company believes that these measures, when taken together with the corresponding GAAP financial measures and our reconciliations, provide investors with meaningful information regarding the operating performance of properties. When operating performance is compared across multiple periods, the investor is provided with information not immediately apparent from net income that is determined in accordance with GAAP. NOI and Cash NOI provide information on trends in the revenue generated and expenses incurred in operating our properties, unaffected by the cost of leverage, straight-line adjustments, depreciation, amortization, and other net income components. The Company uses these metrics internally as performance measures. None of these measures is an alternative to net income (determined in accordance with GAAP) and same-store performance should not be considered an alternative to GAAP net income performance.

Coverage Ratios

The Company presents fixed charge and debt service coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and operating lease rent from current cash net operating income. These coverage ratios represent a common measure of the Company’s ability to service fixed cash payments; however, these ratios are not used as an alternative to cash flow from operating, financing and investing activities (determined in accordance with GAAP).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SL GREEN REALTY CORP.
	/s/ Matthew J. DiLiberto
	Matthew J. DiLiberto
	Chief Financial Officer
Date: October 17, 2019

EX-99.1

Exhibit 99.1

CONTACT                    

Matt DiLiberto

Chief Financial Officer

(212) 594-2700

SL GREEN REALTY CORP. REPORTS

THIRD QUARTER 2019 EPS OF $0.40 PER SHARE;

AND FFO OF $1.75 PER SHARE

Financial and Operating Highlights

• Net income attributable to common stockholders of $0.40 per share for the third quarter as compared to $1.03 per share for the same period in 2018. Net income attributable to common stockholders for the third quarter of 2019 includes $3.5 million, or $0.04 per share, of net gains recognized from the sale of real estate as compared to $68.4 million, or $0.76 per share, for the same period in 2018.

• Funds from operations, or FFO, of $1.75 per share for the third quarter as compared to $1.66 per share for the same period in 2018.

• Same-store cash net operating income, or NOI, including our share of same-store cash NOI from unconsolidated joint ventures, increased 2.6% for the first nine months of 2019 excluding lease termination income and free rent given to Viacom at 1515 Broadway, as compared to the same period in the prior year.

• Signed 31 Manhattan office leases covering 268,349 square feet in the third quarter and 104 Manhattan leases covering 1,184,895 square feet in the first nine months of 2019. The mark-to-market on signed Manhattan office leases for the first nine months of 2019 was 22.0% higher than the previous fully escalated rents on the same spaces.

• Topped out steel at One Vanderbilt Avenue at 1,401 feet.  Construction is more than three months ahead of schedule and $100 million under budget with an expected opening in August 2020.

• Manhattan same-store occupancy was 95.3% as of September 30, 2019, inclusive of leases signed but not yet commenced.

Investing Highlights

• To date in 2019, the Company has repurchased a combined 2.7 million shares of common stock and common units of its Operating Partnership, or OP units, under the previously announced $2.5 billion share repurchase plan, at an average price of $84.08 per share. Since inception of the program, the Company has repurchased a total of 20.6 million shares of its common stock and redeemed 0.6 million OP units.

• Entered into a contract to sell 220 East 42nd Street, also known as The News Building, for total consideration of $815.0 million, or approximately $715 per square foot. Net proceeds from the sale will be available for share repurchases, debt repayment or new investments. This marks one of the highest valuations for an office building ever sold on Second Avenue. The transaction is expected to close in the first quarter of 2020.

• Entered into a contract to acquire a six-story, 160,000-square-foot office property on the far west side of midtown Manhattan for a gross purchase price of $90.0 million. The property will be redeveloped into a modern, Class-A building, attracting companies across industries, including TAMI and boutique FIRE tenants. The transaction is expected to close within 90 days.

• Entered into a contract to sell 1010 Washington Boulevard in Stamford, Connecticut, for sale price of $23.1 million. The transaction is expected to generate cash proceeds of $21.6 million and close in the fourth quarter of 2019.

• Entered into a 25-year ground lease for the high street retail property at 712 Madison Avenue to Graff Diamonds.

• Sold a 49% interest in the prime retail condominium at 115 Spring Street in Soho at a gross asset valuation of $66.6 million. The property was acquired in 2014 for $52.0 million.

Financing Highlights

• Together with our joint venture partner, closed on the refinancing of 55 West 46th Street, also known as Tower 46. The new $198.0 million mortgage replaces the previous $195.0 million mortgage, has a 3-year term, with two one-year extension options, and bears interest at a floating rate of 1.25% over LIBOR.

• Together with our joint venture partner, closed on a $75.0 million upsize of our existing financing at 2 Herald Square to $225.0 million and reduced the interest rate on the loan by 10 basis points to a floating rate of 1.45% over LIBOR.

Summary

New York, NY, October 16, 2019 - SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported net income attributable to common stockholders for the quarter ended September 30, 2019 of $33.2 million, or $0.40 per share, as compared to net income attributable to common stockholders of$88.2 million, or $1.03 per share, for the same quarter in 2018. Net income attributable to common stockholders for the three months ended September 30, 2019 includes $3.5 million, or $0.04 per share, of net gains recognized from the sale of real estate as compared to $68.4 million, or $0.76 per share, for the same period in 2018.

The Company also reported net income attributable to common stockholders for the nine months endedSeptember 30, 2019 of $238.1 million, or $2.87 per share, as compared to net income attributable to common stockholders of $293.5 million, or $3.34 per share, for the same period in 2018. Net income attributable to common stockholders for the nine months ended September 30, 2019 includes $78.7 million, or $0.90 per share, of net gains recognized from the sale of real estate as compared to $142.7 million, or $1.54 per share, for the same period in 2018.

The Company reported FFO for the quarter ended September 30, 2019 of $151.4 million, or $1.75 per share, as compared to FFO for the same period in 2018 of $149.8 million, or $1.66 per share.

The Company also reported FFO for the nine months endedSeptember 30, 2019 of $458.1 million, or $5.25 per share, as compared to FFO for the same period in 2018 of $463.1 million, or $5.00 per share.

All per share amounts are presented on a diluted basis.

Operating and Leasing Activity

For the quarter ended September 30, 2019, the Company reported consolidated revenues and operating income of $313.6 million and $162.1 million, respectively, compared to $307.5 million and $169.3 million, respectively, for the same period in 2018.

Same-store cash NOI, including our share of same-store cash NOI from unconsolidated joint ventures increased by 1.5% for the third quarter and 2.6% for the nine months ended September 30, 2019, excluding lease termination income and free rent given to Viacom at 1515 Broadway.

During the third quarter, the Company signed 31 office leases in its Manhattan portfolio totaling 268,349 square feet. Twenty-three leases comprising 222,785 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $71.15 per rentable square foot, representing a 3.2% increase over the previous fully escalated rents on the same office spaces. The average lease term on the Manhattan office leases signed in the third quarter was 7.2 years and average tenant concessions were 3.9 months of free rent with a tenant improvement allowance of $53.18 per rentable square foot.

During the first nine months of 2019, the Company signed 104 office leases in its Manhattan portfolio totaling 1,184,895 square feet. Seventy-seven leases comprising 820,536 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $73.18 per rentable square foot, representing a 22.0% increase over the previously fully escalated rents on the same office spaces. The average lease term on the Manhattan office leases signed in the first nine months of 2019 was 10.7 years, or 11.2 years including the office leases signed at One Vanderbilt, and average tenant concessions were 5.6 months of free rent with a tenant improvement allowance of $62.08 per rentable square foot.

Occupancy in the Company's Manhattan same-store portfolio was 95.3% as of September 30, 2019, inclusive of 213,515 square feet of leases signed but not yet commenced, as compared to 95.2% as of June 30, 2019.

Significant leases that were signed in the third quarter included:

• Renewal and expansion with Kobre & Kim LLP for 67,230 square feet at 800 Third Avenue, for 10.8 years;

• New lease with IMG Worldwide Inc. for 36,077 square feet at 304 Park Avenue South, for 8.1 years;

• New lease with Chicago Title Insurance Company for 32,826 square feet at 711 Third Avenue, for 10.5 years; and

• New retail lease with Ulta Beauty, Inc. for 21,706 square feet at 2 Herald Square, for 10.1 years.

Investment Activity

To date in 2019, the Company has repurchased a combined 2.7 million shares of common stock and common units of its Operating Partnership, or OP units, under the previously announced $2.5 billion share repurchase plan, at an average price of $84.08 per share. Since inception of the program, the Company has repurchased a total of 20.6 million shares of its common stock and redeemed 0.6 million OP units, at an average price of $96.88 per share, saving the Company approximately $72.2 million of common dividends and distributions on an annualized basis.

In October, the Company entered into a contract to acquire a six-story, 160,000-square-foot office property on the far west side of midtown Manhattan for a gross purchase price of $90.0 million. The property will be redeveloped into a modern, Class-A building, attracting companies across industries, including TAMI and boutique FIRE tenants. The transaction is expected to close within 90 days.

In October, the Company entered into a 25-year ground lease for the high street retail property at 712 Madison Avenue to Graff Diamonds. The five-story building is located on Madison Avenue between 63rd and 64th Streets on Manhattan's Upper East Side and is adjacent to Graff Diamonds' flagship store.

In September, the Company entered into a contract to sell 220 East 42nd Street in Midtown Manhattan for total consideration of $815.0 million, or approximately $715 per square foot. Net proceeds will be available for share repurchases, debt repayment or new investments. Located on the corner of 42nd Street and Second Avenue, 220 East 42nd Street, also known as The News Building, is a 37-story art-deco skyscraper that was originally the headquarters for The New York Daily News. The property was acquired by the Company in 2003 for $265.0 million and the transaction is expected to close in the first quarter of 2020, subject to customary closing conditions.

In September, the Company entered into a contract to sell 1010 Washington Boulevard in Stamford, Connecticut, for sale price of $23.1 million. The transaction is expected to generate cash proceeds of $21.6 million and close in the fourth quarter of 2019.

In August, the Company sold a 49% interest in the 5,218 square foot prime retail condominium at 115 Spring Street in Soho at a gross asset valuation of $66.6 million. The property was acquired in 2014 for $52.0 million.

Debt and Preferred Equity Investment Activity

The carrying value of the Company’s debt and preferred equity investment portfolio decreased to $1.99 billion at September 30, 2019, including $1.95 billion of investments at a weighted average current yield of 9.0% that are classified in the debt and preferred equity line item on the balance sheet, and mortgage investments aggregating $0.04 billion at a weighted average current yield of 6.6% that are included in other balance sheet line items for accounting purposes.

Financing Activity

In October, the Company, along with its joint venture partner, closed on a $75.0 million upsize of our existing financing at 2 Herald Square, $40.0 million of which was funded at closing, increasing the mortgage to $225.0 million, and reducing the interest rate on the entire mortgage loan by 10 basis points to a floating rate of 1.45% over LIBOR.

In August, the Company, along with its joint venture partner, closed on the refinancing of 55 West 46th Street, known as Tower 46. The new $198.0 million mortgage, of which $192.5 million was funded at closing, has a 3-year term, with two one-year extension options, bears interest at a floating rate of 1.25% over LIBOR and replaces the previous $195.0 million of indebtedness on the property that bore interest at a floating rate of 2.125% over LIBOR.

Dividends

In the third quarter of 2019, the Company declared quarterly dividends on its outstanding common and preferred stock as follows:

• $0.85 per share of common stock, which was paid on October 15, 2019 to shareholders of record on the close of business on September 30, 2019; and

• $0.40625 per share on the Company's 6.50% Series I Cumulative Redeemable Preferred Stock for the period July 15, 2019 through and including October 14, 2019, which was paid on October 15, 2019 to shareholders of record on the close of business on September 30, 2019, and reflects the regular quarterly dividend, which is the equivalent of an annualized dividend of $1.625 per share.

Conference Call and Audio Webcast

The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, October 17, 2019 at 2:00 pm ET to discuss the financial results.

The supplemental data will be available prior to the quarterly conference call in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Financial Reports.”

The live conference call will be webcast in listen-only mode in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Presentations & Webcasts”. The conference may also be accessed by dialing toll-free (877) 312-8765 or international (419) 386-0002, and using passcode 2683935.

A replay of the call will be available 7 days after the call by dialing (855) 859-2056 using passcode 2683935. A webcast replay will also be available in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Presentations & Webcasts”.

Company Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2019, SL Green held interests in 93 Manhattan buildings totaling 45.0 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 17.8 million square feet securing debt and preferred equity investments. In addition, SL Green held ownership interests in 7 suburban properties comprised of 15 buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.

To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at (212) 594-2700.

Disclaimers

Non-GAAP Financial Measures

During the quarterly conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. A reconciliation of each non-GAAP financial measure and the comparable GAAP financial measure can be found in this release and in the Company’s Supplemental Package.

Forward-looking Statements

This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements are described in our filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

SL GREEN REALTY CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited and in thousands, except per share data)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Revenues:
Rental revenue, net	$	215,447		$	221,763		$	644,566		$	648,501
Escalation and reimbursement	32,581			29,103			88,539			82,554
Investment income	51,518			48,977			153,167			143,540
Other income	14,088			7,702			44,641			35,761
Total revenues	313,634			307,545			930,913			910,356
Expenses:
Operating expenses, including related party expenses of $5,460 and $13,575 in 2019 and $4,790 and $13,289 in 2018	59,847			56,852			175,862			172,871
Real estate taxes	49,626			48,805			143,008			139,788
Operating lease rent	8,295			9,507			24,891			26,661
Interest expense, net of interest income	48,112			55,168			145,797			156,695
Amortization of deferred financing costs	3,112			2,630			8,566			9,713
Depreciation and amortization	70,464			70,747			208,268			208,049
Loan loss and other investment reserves, net of recoveries	—			1,087			—			1,087
Transaction related costs	44			163			360			673
Marketing, general and administrative	23,841			20,594			75,300			66,601
Total expenses	263,341			265,553			782,052			782,138
Equity in net (loss) income from unconsolidated joint ventures	(9,864		)	971			(22,644		)	9,709
Equity in net gain on sale of interest in unconsolidated joint venture/real estate	—			70,937			76,181			136,522
Purchase price and other fair value adjustment	3,799			(3,057		)	69,389			57,385
Gain (loss) on sale of real estate, net	3,541			(2,504		)	2,492			6,227
Depreciable real estate reserves	(7,047		)	(6,691		)	(7,047		)	(6,691		)
Loss on early extinguishment of debt	—			(2,194		)	—			(2,194		)
Net income	40,722			99,454			267,232			329,176
Net income attributable to noncontrolling interests in the Operating Partnership	(1,719		)	(4,797		)	(12,306		)	(15,656		)
Net loss (income) attributable to noncontrolling interests in other partnerships	624			136			2,524			(234		)
Preferred unit distributions	(2,732		)	(2,846		)	(8,185		)	(8,542		)
Net income attributable to SL Green	36,895			91,947			249,265			304,744
Perpetual preferred stock dividends	(3,738		)	(3,738		)	(11,213		)	(11,213		)
Net income attributable to SL Green common stockholders	$	33,157		$	88,209		$	238,052		$	293,531
Earnings Per Share (EPS)
Net income per share (Basic)	$	0.40		$	1.03		$	2.87		$	3.34
Net income per share (Diluted)	$	0.40		$	1.03		$	2.87		$	3.34
Funds From Operations (FFO)
FFO per share (Basic)	$	1.75		$	1.66		$	5.26		$	5.01
FFO per share (Diluted)	$	1.75		$	1.66		$	5.25		$	5.00
Basic ownership interest
Weighted average REIT common shares for net income per share	82,292			85,566			82,855			87,692
Weighted average partnership units held by noncontrolling interests	4,258			4,643			4,283			4,677
Basic weighted average shares and units outstanding	86,550			90,209			87,138			92,369
Diluted ownership interest
Weighted average REIT common share and common share equivalents	82,456			85,785			83,026			87,903
Weighted average partnership units held by noncontrolling interests	4,258			4,643			4,283			4,677
Diluted weighted average shares and units outstanding	86,714			90,428			87,309			92,580

SL GREEN REALTY CORP.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

	September 30,			December 31,
	2019			2018
Assets	(Unaudited)
Commercial real estate properties, at cost:
Land and land interests	$	1,860,922		$	1,774,899
Building and improvements	5,352,144			5,268,484
Building leasehold and improvements	1,431,183			1,423,107
Right of use asset - financing leases	47,445			47,445
Right of use asset - operating leases	396,795			—
	9,088,489			8,513,935
Less: accumulated depreciation	(2,147,395		)	(2,099,137		)
	6,941,094			6,414,798
Assets held for sale	403,488			—
Cash and cash equivalents	121,751			129,475
Restricted cash	94,793			149,638
Investment in marketable securities	30,208			28,638
Tenant and other receivables	44,950			41,589
Related party receivables	20,030			28,033
Deferred rents receivable	306,431			335,985
Debt and preferred equity investments, net of discounts and deferred origination fees of $16,224 and $22,379 and allowances of $1,750 and $5,750 in 2019 and 2018, respectively	1,954,556			2,099,393
Investments in unconsolidated joint ventures	2,923,595			3,019,020
Deferred costs, net	182,621			209,110
Other assets	271,467			295,679
Total assets	$	13,294,984		$	12,751,358
Liabilities
Mortgages and other loans payable	$	2,454,684		$	1,988,160
Revolving credit facility	335,000			500,000
Unsecured term loan	1,500,000			1,500,000
Unsecured notes	1,503,072			1,503,758
Deferred financing costs, net	(56,988		)	(50,218		)
Total debt, net of deferred financing costs	5,735,768			5,441,700
Accrued interest payable	27,568			23,154
Accounts payable and accrued expenses	143,361			147,061
Deferred revenue	126,321			94,453
Lease liability - financing leases	44,251			43,616
Lease liability - operating leases	384,661			3,603
Dividend and distributions payable	78,541			80,430
Security deposits	62,166			64,688
Junior subordinate deferrable interest debentures held by trusts that issued trust preferred securities	100,000			100,000
Other liabilities	140,899			116,566
Total liabilities	6,843,536			6,115,271
Commitments and contingencies	—			—
Noncontrolling interest in the Operating Partnership	401,863			387,805
Preferred units	286,285			300,427
Equity
Stockholders’ equity:
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2019 and December 31, 2018	221,932			221,932
Common stock, $0.01 par value 160,000 shares authorized, 82,570 and 84,739 issued and outstanding at September 30, 2019 and December 31, 2018, respectively (including 1,055 held in Treasury at both September 30, 2019 and December 31, 2018)	826			847
Additional paid-in capital	4,407,667			4,508,685
Treasury stock at cost	(124,049		)	(124,049		)
Accumulated other comprehensive (loss) income	(40,132		)	15,108
Retained earnings	1,225,904			1,278,998
Total SL Green Realty Corp. stockholders’ equity	5,692,148			5,901,521
Noncontrolling interests in other partnerships	71,152			46,334
Total equity	5,763,300			5,947,855
Total liabilities and equity	$	13,294,984		$	12,751,358

SL GREEN REALTY CORP.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(unaudited and in thousands, except per share data)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Funds From Operations (FFO) Reconciliation:	2019			2018			2019			2018
Net income attributable to SL Green common stockholders	$	33,157		$	88,209		$	238,052		$	293,531
Add:
Depreciation and amortization	70,464			70,747			208,268			208,049
Joint venture depreciation and noncontrolling interest adjustments	47,674			45,485			145,202			140,799
Net income attributable to noncontrolling interests	1,095			4,661			9,782			15,890
Less:
Gain (loss) on sale of real estate, net	3,541			(2,504		)	2,492			6,227
Equity in net gain on sale of interest in unconsolidated joint venture/real estate	—			70,937			76,181			136,522
Purchase price and other fair value adjustments	3,799			(3,057		)	69,389			57,385
Depreciable real estate reserves	(7,047		)	(6,691		)	(7,047		)	(6,691		)
Depreciation on non-rental real estate assets	740			616			2,193			1,766
FFO attributable to SL Green common stockholders	$	151,357		$	149,801		$	458,096		$	463,060

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Operating income and Same-store NOI Reconciliation:	2019			2018			2019			2018
Net income	$	40,722		$	99,454		$	267,232		$	329,176
Equity in net gain on sale of interest in unconsolidated joint venture/real estate	—			(70,937		)	(76,181		)	(136,522		)
Purchase price and other fair value adjustments	(3,799		)	3,057			(69,389		)	(57,385		)
(Gain) loss on sale of real estate, net	(3,541		)	2,504			(2,492		)	(6,227		)
Depreciable real estate reserves	7,047			6,691			7,047			6,691
Depreciation and amortization	70,464			70,747			208,268			208,049
Interest expense, net of interest income	48,112			55,168			145,797			156,695
Amortization of deferred financing costs	3,112			2,630			8,566			9,713
Operating income	162,117			169,314			488,848			510,190
Equity in net loss (income) from unconsolidated joint ventures	9,864			(971		)	22,644			(9,709		)
Marketing, general and administrative expense	23,841			20,594			75,300			66,601
Transaction related costs, net	44			163			360			673
Investment income	(51,518		)	(48,977		)	(153,167		)	(143,540		)
Loan loss and other investment reserves, net of recoveries	—			1,087			—			1,087
Non-building revenue	(6,055		)	(2,531		)	(22,468		)	(15,708		)
Loss on early extinguishment of debt	—			2,194			—			2,194
Net operating income (NOI)	138,293			140,873			411,517			411,788
Equity in net (loss) income from unconsolidated joint ventures	(9,864		)	971			(22,644		)	9,709
SLG share of unconsolidated JV depreciation and amortization	46,557			45,839			142,861			141,023
SLG share of unconsolidated JV interest expense, net of interest income	38,295			34,947			115,983			107,397
SLG share of unconsolidated JV amortization of deferred financing costs	1,505			1,390			4,664			4,815
SLG share of unconsolidated JV loss on early extinguishment of debt	258			—			258			—
SLG share of unconsolidated JV investment income	(314		)	(4,469		)	(3,017		)	(9,263		)
SLG share of unconsolidated JV non-building revenue	(798		)	(901		)	(2,724		)	(2,911		)
NOI including SLG share of unconsolidated JVs	213,932			218,650			646,898			662,558
NOI from other properties/affiliates	(7,362		)	(14,097		)	(26,408		)	(52,295		)
Same-Store NOI	206,570			204,553			620,490			610,263
Ground lease straight-line adjustment	514			524			1,542			1,572
Joint Venture ground lease straight-line adjustment	107			258			573			773
Straight-line and free rent	(2,339		)	(5,536		)	(5,943		)	(8,979		)
Amortization of acquired above and below-market leases, net	(902		)	(1,320		)	(2,770		)	(4,241		)
Joint Venture straight-line and free rent	(15,739		)	(3,878		)	(45,765		)	(14,975		)
Joint Venture amortization of acquired above and below-market leases, net	(4,122		)	(4,065		)	(12,632		)	(11,616		)
Same-store cash NOI	$	184,089		$	190,536		$	555,495		$	572,797

SL GREEN REALTY CORP.

NON-GAAP FINANCIAL MEASURES - DISCLOSURES

Funds from Operations (FFO)

FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.

The Company presents FFO because it considers it an important supplemental measure of the Company’s operating performance and believes that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, particularly those that own and operate commercial office properties. The Company also uses FFO as one of several criteria to determine performance-based bonuses for members of its senior management. FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions, and real estate related impairment charges, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, and interest costs, providing perspective not immediately apparent from net income. FFO does not represent cash generated from operating activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance or to cash flow from operating activities (determined in accordance with GAAP) as a measure of the Company’s liquidity, nor is it indicative of funds available to fund the Company’s cash needs, including our ability to make cash distributions.

Funds Available for Distribution (FAD)

FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and a pro-rata adjustment for FAD from SLG’s unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring building improvements.

FAD is not intended to represent cash flow for the period and is not indicative of cash flow provided by operating activities as determined in accordance with GAAP. FAD is presented solely as a supplemental disclosure with respect to liquidity because the Company believes it provides useful information regarding the Company’s ability to fund its dividends. Because all companies do not calculate FAD the same way, the presentation of FAD may not be comparable to similarly titled measures of other companies. FAD does not represent cash flow from operating, investing and finance activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)

EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.

The Company presents EBITDAre because the Company believes that EBITDAre, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of the Company’s ability to incur and service debt. EBITDAre should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.

Net Operating Income (NOI) and Cash NOI

NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and amortization of acquired above and below-market leases, net from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.

The Company presents NOI and Cash NOI because the Company believes that these measures, when taken together with the corresponding GAAP financial measures and our reconciliations, provide investors with meaningful information regarding the operating performance of properties. When operating performance is compared across multiple periods, the investor is provided with information not immediately apparent from net income that is determined in accordance with GAAP. NOI and Cash NOI provide information on trends in the revenue generated and expenses incurred in operating our properties, unaffected by the cost of leverage, straight-line adjustments, depreciation, amortization, and other net income components. The Company uses these metrics internally as performance measures. None of these measures is an alternative to net income (determined in accordance with GAAP) and same-store performance should not be considered an alternative to GAAP net income performance.

Coverage Ratios

The Company presents fixed charge and debt service coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and operating lease rent from current cash net operating income. These coverage ratios represent a common measure of the Company’s ability to service fixed cash payments; however, these ratios are not used as an alternative to cash flow from operating, financing and investing activities (determined in accordance with GAAP).

SLG EARN

EX-99.2

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development, redevelopment, construction and leasing.

As of September 30, 2019, the Company held interests in 93 Manhattan buildings totaling 45.0 million square feet. This included ownership interests in 27.2 million square feet in Manhattan buildings and 17.8 million square feet securing debt and preferred equity investments. In addition, the Company held ownership interests in 7 suburban properties comprised of 15 buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.

• SL Green’s common stock is listed on the New York Stock Exchange and trades under the symbol SLG.

• SL Green maintains a website at https://slgreen.com where key investor relations data can be found. This supplemental financial package is available through the Company’s website.

• This data is furnished to supplement audited and unaudited regulatory filings of the Company and should be read in conjunction with those filings. The financial data herein is unaudited and is provided to assist readers of quarterly and annual financial filings and should not be read in replacement of, or superior to, such financial filings. As such, data otherwise contained in future regulatory filings covering the same period may restate the data presented herein.

Questions pertaining to the information contained herein should be referred to Investor Relations at investor.relations@slgreen.com or at 212-594-2700.

Ratings

Ratings are not recommendations to buy, sell or hold the Company’s securities.

Forward-looking Statements

This supplemental reporting package includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this supplement that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this supplemental financial package and related press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements are described in our filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

The following discussion related to the consolidated financial statements of the Company should be read in conjunction with the financial statements for the quarter ended September 30, 2019 that will be released on Form 10-Q to be filed on or before November 12, 2019.

Supplemental Information 2 Third Quarter 2019

TABLE OF CONTENTS

Supplemental Definitions	4
Highlights	5	-	11
Comparative Balance Sheets	12
Comparative Statements of Operations	14
Comparative Computation of FFO and FAD	15
Consolidated Statement of Equity	16
Joint Venture Statements	17	-	19
Selected Financial Data	20	-	23
Debt Summary Schedule	24	-	25
Lease Liability Schedule	26
Debt and Preferred Equity Investments	27	-	29
Selected Property Data
Composition of Property Portfolio	30	-	35
Largest Tenants	36
Tenant Diversification	37
Leasing Activity Summary	38	-	41
Annual Lease Expirations	42	-	44
Summary of Real Estate Acquisition/Disposition Activity	45	-	49
Corporate Information	50
Non-GAAP Disclosures and Reconciliations	51
Analyst Coverage	54

Supplemental Information 3 Third Quarter 2019

SUPPLEMENTAL DEFINITIONS

Annualized cash rent - Monthly base rent and escalations per the lease, as of a certain date, multiplied by 12.

Capitalized Interest - The total of i) interest cost for project specific debt on properties that are under development or redevelopment plus ii) an imputed interest cost for properties that are under development or redevelopment, which is calculated based on the Company’s equity investment in those properties multiplied by the Company’s weighted average corporate borrowing rate.  Capitalized Interest is a component of the book basis in a development or redevelopment property.

Debt service coverage - Operating Income adding back income taxes, loan loss reserves and our share of joint venture depreciation and amortization, divided by total interest and principal payments.

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre) - EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.

First generation TIs and LCs - Tenant improvements (TIs), leasing commissions (LCs), and other leasing costs that were taken into consideration when underwriting the acquisition of a property, which are generally incurred during the first 4-5 years following acquisition.

Fixed charge - Total payments for interest, loan principal amortization, operating lease rent and preferred stock dividends.

Fixed charge coverage - Operating Income adding back income taxes, loan loss reserves and our share of joint venture depreciation and amortization, divided by Fixed Charge.

Funds Available for Distribution (FAD) - FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and a pro-rata adjustment for FAD from SLG’s unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring building improvements.

Funds from Operations (FFO) - FFO is a widely recognized non-GAAP financial measure of REIT performance. The Company computes FFO in accordance with standards established by NAREIT, which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The revised White Paper on FFO approved by the Board of Governors of NAREIT in April 2002, and subsequently amended, defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of properties, and real estate related impairment charges, plus real estate related depreciation and amortization and after adjustments for unconsolidated partnerships and joint ventures.

Junior Mortgage Participations - Subordinate interests in first mortgages.

Mezzanine Debt - Loans secured by ownership interests in real estate.

Net Operating Income (NOI) and Cash NOI - NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and amortization of acquired above and below-market leases, net from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.

Preferred Equity Investments - Equity investments that are senior to common equity and are entitled to preferential returns.

Recurring capital expenditures - Building improvements and leasing costs required to maintain current revenues. Recurring capital expenditures do not include immediate building improvements that were taken into consideration when underwriting the purchase of a building or which are incurred to bring a building up to “operating standards.”

Redevelopment costs - Non-recurring capital expenditures incurred to improve buildings to SLG’s “operating standards.”

Right of Use Assets / Lease Liabilities - Represents the right to control the use of leased property and the corresponding obligation, both measured, at inception, as the present value of the lease payments. The asset and related liability are classified as either operating or financing based on the length and cost of the lease and whether the lease contains a purchase option or a transfer of ownership. Operating leases are expensed through operating lease rent while financing leases are expensed through amortization and interest expense. On our balance sheets, financing leases include the amounts previously captioned "Properties under capital lease."

Same-Store Properties (Same-Store) -Properties owned in the same manner during both the current and prior year, excluding development properties that are not stabilized for both the current and prior year. Changes to Same-Store properties in 2019 are as follows:

Added to Same-Store in 2019:	Removed from Same-Store in 2019:
1515 Broadway	131-137 Spring Street (sold)
Worldwide Plaza	521 Fifth Avenue (sold)
55 West 46th Street - Tower 46	115 Spring Street (deconsolidated)

Second generation TIs and LCs - Tenant improvements, leasing commissions, and other leasing costs that do not meet the definition of first generation TIs and LCs.

SLG Interest - 'SLG Share' or 'Share of JV' is computed by multiplying the referenced line item by the Company's percentage ownership in the respective joint ventures and may not accurately depict the legal and economic implications of holding a non-controlling interest in the joint ventures.

Total square feet owned - The total square footage of properties either owned directly by SLG or in which SLG has a joint venture interest.

Supplemental Information 4 Third Quarter 2019

THIRD QUARTER 2019 HIGHLIGHTS Unaudited

New York, NY, October 16, 2019 - SL Green Realty Corp. (the "Company") (NYSE: SLG) today reported net income attributable to common stockholders for the quarter ended September 30, 2019 of $33.2 million, or $0.40 per share, as compared to net income attributable to common stockholders of$88.2 million, or $1.03 per share, for the same quarter in 2018. Net income attributable to common stockholders for the three months ended September 30, 2019 includes $3.5 million, or $0.04 per share, of net gains recognized from the sale of real estate as compared to $68.4 million, or $0.76 per share, for the same period in 2018.

The Company also reported net income attributable to common stockholders for the nine months endedSeptember 30, 2019 of $238.1 million, or $2.87 per share, as compared to net income attributable to common stockholders of $293.5 million, or $3.34 per share, for the same period in 2018. Net income attributable to common stockholders for the nine months ended September 30, 2019 includes $78.7 million, or $0.90 per share, of net gains recognized from the sale of real estate as compared to $142.7 million, or $1.54 per share, for the same period in 2018.

The Company reported FFO for the quarter ended September 30, 2019 of $151.4 million, or $1.75 per share, as compared to FFO for the same period in 2018 of $149.8 million, or $1.66 per share.

The Company also reported FFO for the nine months endedSeptember 30, 2019 of $458.1 million, or $5.25 per share, as compared to FFO for the same period in 2018 of $463.1 million, or $5.00 per share.

All per share amounts are presented on a diluted basis.

Operating and Leasing Activity

For the quarter ended September 30, 2019, the Company reported consolidated revenues and operating income of $313.6 million and $162.1 million, respectively, compared to $307.5 million and $169.3 million, respectively, for the same period in 2018.

Same-store cash NOI, including our share of same-store cash NOI from unconsolidated joint ventures increased by 1.5% for the third quarter and 2.6% for the nine months ended September 30, 2019, excluding lease termination income and free rent given to Viacom at 1515 Broadway.

During the third quarter, the Company signed 31 office leases in its Manhattan portfolio totaling 268,349 square feet. Twenty-three leases comprising 222,785 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $71.15 per rentable square foot, representing a 3.2% increase over the previous fully escalated rents on the same office spaces. The average lease term on the Manhattan office

leases signed in the third quarter was 7.2 years and average tenant concessions were 3.9 months of free rent with a tenant improvement allowance of $53.18 per rentable square foot.

During the first nine months of 2019, the Company signed 104 office leases in its Manhattan portfolio totaling 1,184,895 square feet. Seventy-seven leases comprising 820,536 square feet, representing office leases on space that had been occupied within the prior twelve months, are considered replacement leases on which mark-to-market is calculated. Those replacement leases had average starting rents of $73.18 per rentable square foot, representing a 22.0% increase over the previously fully escalated rents on the same office spaces. The average lease term on the Manhattan office leases signed in the first nine months of 2019 was 10.7 years, or 11.2 years including the office leases signed at One Vanderbilt, and average tenant concessions were 5.6 months of free rent with a tenant improvement allowance of $62.08 per rentable square foot.

Occupancy in the Company's Manhattan same-store portfolio was 95.3% as of September 30, 2019, inclusive of 213,515 square feet of leases signed but not yet commenced, as compared to 95.2% as of June 30, 2019.

Significant leases that were signed in the third quarter included:

• Renewal and expansion with Kobre & Kim LLP for 67,230 square feet at 800 Third Avenue, for 10.8 years;

• New lease with IMG Worldwide Inc. for 36,077 square feet at 304 Park Avenue South, for 8.1 years;

• New lease with Chicago Title Insurance Company for 32,826 square feet at 711 Third Avenue, for 10.5 years; and

• New retail lease with Ulta Beauty, Inc. for 21,706 square feet at 2 Herald Square, for 10.1 years.

Investment Activity

To date in 2019, the Company has repurchased a combined 2.7 million shares of common stock and common units of its Operating Partnership, or OP units, under the previously announced $2.5 billion share repurchase plan, at an average price of $84.08 per share. Since inception of the program, the Company has repurchased a total of 20.6 million shares of its common stock and redeemed 0.6 million OP units, at an average price of $96.88 per share, saving the Company approximately $72.2 million of common dividends and distributions on an annualized basis.

In October, the Company entered into a contract to acquire a six-story, 160,000-square-foot office property on the far west side of midtown Manhattan for a gross purchase price of $90.0 million. The property will be redeveloped into a modern, Class-A building, attracting companies across industries, including TAMI and boutique FIRE tenants. The transaction is expected to close within 90 days.

Supplemental Information 5 Third Quarter 2019

THIRD QUARTER 2019 HIGHLIGHTS Unaudited

In October, the Company entered into a 25-year ground lease for the high street retail property at 712 Madison Avenue to Graff Diamonds. The five-story building is located on Madison Avenue between 63rd and 64th Streets on Manhattan's Upper East Side and is adjacent to Graff Diamonds' flagship store.

In September, the Company entered into a contract to sell 220 East 42nd Street in Midtown Manhattan for total consideration of $815.0 million, or approximately $715 per square foot. Net proceeds will be available for share repurchases, debt repayment or new investments. Located on the corner of 42nd Street and Second Avenue, 220 East 42nd Street, also known as The News Building, is a 37-story art-deco skyscraper that was originally the headquarters for The New York Daily News. The property was acquired by the Company in 2003 for $265.0 million and the transaction is expected to close in the first quarter of 2020, subject to customary closing conditions.

In September, the Company entered into a contract to sell 1010 Washington Boulevard in Stamford, Connecticut, for sale price of $23.1 million. The transaction is expected to generate cash proceeds of $21.6 million and close in the fourth quarter of 2019.

In August, the Company sold a 49% interest in the 5,218 square foot prime retail condominium at 115 Spring Street in Soho at a gross asset valuation of $66.6 million. The property was acquired in 2014 for $52.0 million.

Debt and Preferred Equity Investment Activity

The carrying value of the Company’s debt and preferred equity investment portfolio decreased to $1.99 billion at September 30, 2019, including $1.95 billion of investments at a weighted average current yield of 9.0% that are classified in the debt and preferred equity line item on the balance sheet, and mortgage investments aggregating $0.04 billion at a weighted average current yield of 6.6% that are included in other balance sheet line items for accounting purposes.

Financing Activity

In October, the Company, along with its joint venture partner, closed on a $75.0 million upsize of our existing financing at 2 Herald Square, $40.0 million of which was funded at closing, increasing the mortgage to $225.0 million, and reducing the interest rate on the entire mortgage loan by 10 basis points to a floating rate of 1.45% over LIBOR.

In August, the Company, along with its joint venture partner, closed on the refinancing of 55 West 46th Street, known as Tower 46. The new $198.0 million mortgage, of which $192.5 million was funded at closing, has a 3-year term, with two one-year extension options, bears interest at a floating rate of 1.25% over LIBOR and replaces the previous $195.0 million of indebtedness on the property that bore interest at a floating rate of 2.125% over LIBOR.

Dividends

In the third quarter of 2019, the Company declared quarterly dividends on its outstanding common and preferred stock as follows:

• $0.85 per share of common stock, which was paid on October 15, 2019 to shareholders of record on the close of business on September 30, 2019; and

• $0.40625 per share on the Company's 6.50% Series I Cumulative Redeemable Preferred Stock for the period July 15, 2019 through and including October 14, 2019, which was paid on October 15, 2019 to shareholders of record on the close of business on September 30, 2019, and reflects the regular quarterly dividend, which is the equivalent of an annualized dividend of $1.625 per share.

Conference Call and Audio Webcast

The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, October 17, 2019 at 2:00 pm ET to discuss the financial results.

The supplemental data will be available prior to the quarterly conference call in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Financial Reports.”

The live conference call will be webcast in listen-only mode in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Presentations & Webcasts”. The conference may also be accessed by dialing toll-free (877) 312-8765 or international (419) 386-0002, and using passcode 2683935.

A replay of the call will be available 7 days after the call by dialing (855) 859-2056 using passcode 2683935. A webcast replay will also be available in the Investors section of the SL Green Realty Corp. website at https://slgreen.com/ under “Presentations & Webcasts”.

Supplemental Information 6 Third Quarter 2019

THIRD QUARTER 2019 HIGHLIGHTS Unaudited

Company Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2019, SL Green held interests in 93 Manhattan buildings totaling 45.0 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 17.8 million square feet securing debt and preferred equity investments. In addition, SL Green held ownership interests in 7 suburban properties comprised of 15 buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.

To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at (212) 594-2700.

Supplemental Information 7 Third Quarter 2019

KEY FINANCIAL DATA Unaudited (Dollars in Thousands Except Per Share)

	As of or for the three months ended
	9/30/2019			6/30/2019			3/31/2019		12/31/2018			9/30/2018
Earnings Per Share
Net income (loss) available to common stockholders - diluted	$	0.40		$	1.94		$	0.52	$	(0.73	)	$	1.03
Funds from operations (FFO) available to common stockholders - diluted	$	1.75		$	1.82		$	1.68	$	1.61		$	1.66
Common Share Price & Dividends
Closing price at the end of the period	$	81.75		$	80.37		$	89.92	$	79.08		$	97.53
Closing high price during period	$	83.38		$	92.60		$	93.47	$	96.88		$	105.86
Closing low price during period	$	76.79		$	79.59		$	77.46	$	77.63		$	96.01
Common dividend per share	$	0.8500		$	0.8500		$	0.8500	$	0.8500		$	0.8125
FFO payout ratio (trailing 12 months)	49.6		%	49.7		%	50.1%		49.7%			49.2%
Funds available for distribution (FAD) payout ratio (trailing 12 months)	92.5		%	87.3		%	83.9%		86.8%			77.0%
Common Shares & Units
Common shares outstanding	81,515			82,409			83,272		83,684			85,594
Units outstanding	4,258			4,259			4,261		4,131			4,601
Total common shares and units outstanding	85,773			86,668			87,533		87,815			90,195
Weighted average common shares and units outstanding - basic	86,550			87,231			87,646		88,187			90,209
Weighted average common shares and units outstanding - diluted	86,714			87,398			87,810		88,376			90,428
Market Capitalization
Market value of common equity	$	7,011,943		$	6,965,507		$	7,870,967	$	6,944,410		$	8,796,718
Liquidation value of preferred equity/units	516,285			516,285			515,285		530,427			531,285
Consolidated debt	5,892,756			6,140,212			5,940,440		5,591,918			5,633,016
Consolidated market capitalization	$	13,420,984		$	13,622,004		$	14,326,692	$	13,066,755		$	14,961,019
SLG share of unconsolidated JV debt	3,930,470			3,799,897			3,815,230		3,845,901			3,949,528
Market capitalization including SLG share of unconsolidated JVs	$	17,351,454		$	17,421,901		$	18,141,922	$	16,912,656		$	18,910,547
Consolidated debt service coverage (trailing 12 months)	3.26x			3.20x			3.10x		3.10x			3.13x
Consolidated fixed charge coverage (trailing 12 months)	2.68x			2.63x			2.57x		2.57x			2.60x
Debt service coverage, including SLG share of unconsolidated JVs (trailing 12 months)	2.35x			2.34x			2.30x		2.32x			2.39x
Fixed charge coverage, including SLG share of unconsolidated JVs (trailing 12 months)	2.03x			2.03x			2.00x		2.02x			2.08x

Supplemental Information 8 Third Quarter 2019

KEY FINANCIAL DATA Unaudited (Dollars in Thousands Except Per Share)

	As of or for the three months ended
	9/30/2019				6/30/2019			3/31/2019			12/31/2018			9/30/2018
Selected Balance Sheet Data
Real estate assets before depreciation (1)	$	9,560,878			$	9,550,222		$	8,936,493		$	8,513,935		$	9,283,952
Investments in unconsolidated joint ventures	$	2,923,595			$	2,937,153		$	3,055,368		$	3,019,020		$	3,070,825
Debt and preferred equity investments	$	1,954,556			$	2,228,912		$	2,272,241		$	2,099,393		$	1,977,057
Cash and cash equivalents	$	121,751			$	148,978		$	144,323		$	129,475		$	160,248
Investment in marketable securities	$	30,208			$	29,978		$	29,406		$	28,638		$	28,538
Total assets	$	13,294,984			$	13,629,941		$	13,385,774		$	12,751,358		$	13,455,002
Fixed rate & hedged debt	$	3,538,829			$	3,540,487		$	3,542,126		$	3,543,476		$	3,506,466
Variable rate debt	2,353,927			(2)	2,599,725			2,398,314			2,048,442			2,126,550
Total consolidated debt	$	5,892,756			$	6,140,212		$	5,940,440		$	5,591,918		$	5,633,016
Deferred financing costs, net of amortization	(56,988		)		(57,423		)	(50,376		)	(50,218		)	(47,220		)
Total consolidated debt, net	$	5,835,768			$	6,082,789		$	5,890,064		$	5,541,700		$	5,585,796
Total liabilities	$	6,843,536			$	7,062,331		$	6,843,805		$	6,115,271		$	6,418,799
Fixed rate & hedged debt, including SLG share of unconsolidated JV debt	$	5,777,022			$	5,781,333		$	5,880,322		$	5,884,452		$	6,021,150
Variable rate debt, including SLG share of unconsolidated JV debt	4,046,204			(2)	4,158,776			3,875,348			3,553,367			3,561,394
Total debt, including SLG share of unconsolidated JV debt	$	9,823,226			$	9,940,109		$	9,755,670		$	9,437,819		$	9,582,544
Selected Operating Data
Property operating revenues	$	248,028			$	244,959		$	240,118		$	247,519		$	250,866
Property operating expenses	(117,768		)		(113,309		)	(112,684		)	(109,343		)	(115,164		)
Property NOI	$	130,260			$	131,650		$	127,434		$	138,176		$	135,702
SLG share of unconsolidated JV Property NOI	75,442				78,472			80,635			79,578			77,389
Property NOI, including SLG share of unconsolidated JV Property NOI	$	205,702			$	210,122		$	208,069		$	217,754		$	213,091
Investment income	51,518				51,618			50,031			57,952			48,977
Other income	14,088				16,447			14,106			11,565			7,702
Marketing general & administrative expenses	(23,841		)		(25,480		)	(25,979		)	(26,030		)	(20,594		)
SLG share of investment income and other income from unconsolidated JVs	1,437				2,141			3,291			3,810			5,642
Income taxes	(995		)		680			770			964			168
Transaction costs, including SLG share of unconsolidated JVs	(44		)		(261		)	(55		)	(426		)	(163		)
Loan loss and other investment reserves, net of recoveries	—				—			—			(5,752		)	(1,087		)
Loss on early extinguishment of debt	—				—			—			(14,889		)	(2,194		)
EBITDAre	$	247,865			$	255,267		$	250,233		$	244,948		$	251,542
(1) Includes assets held for sale totaling $472.4 million for 220 East 42nd Street and 1010 Washington Boulevard, Stamford, Connecticut.
(2) Does not reflect $1.0 billion of floating rate debt and preferred equity investments that provide a hedge against floating rate debt.

Supplemental Information 9 Third Quarter 2019

KEY FINANCIAL DATA Manhattan Properties (1) Unaudited (Dollars in Thousands Except Per Share)

	As of or for the three months ended
	9/30/2019		6/30/2019		3/31/2019		12/31/2018		9/30/2018
Selected Operating Data
Property operating revenues	$	230,443	$	227,427	$	222,780	$	229,798	$	234,173
Property operating expenses	101,871		97,927		98,198		97,272		101,332
Property NOI	$	128,572	$	129,500	$	124,582	$	132,526	$	132,841
Other income - consolidated	$	6,210	$	4,493	$	4,572	$	1,453	$	1,333
SLG share of property NOI from unconsolidated JVs	$	76,552	$	78,979	$	80,636	$	79,580	$	77,393
Portfolio Statistics
Consolidated office buildings in service	20		20		20		20		21
Unconsolidated office buildings in service	10		10		11		10		10
	30		30		31		30		31
Consolidated office buildings in service - square footage	12,387,091		12,387,091		12,387,091		12,387,091		12,756,091
Unconsolidated office buildings in service - square footage	11,216,183		11,216,183		11,676,183		11,329,183		11,491,164
	23,603,274		23,603,274		24,063,274		23,716,274		24,247,255
Same-Store office occupancy (consolidated + JVs)	94.4%		94.1%		94.3%		94.5%		94.3%
Same-Store office occupancy inclusive of leases signed not yet commenced	95.3%		95.2%		95.8%		96.0%		96.1%
Office Leasing Statistics
New leases commenced	27		25		25		33		27
Renewal leases commenced	9		7		10		11		11
Total office leases commenced	36		32		35		44		38
Commenced office square footage filling vacancy	170,062		74,425		132,241		60,961		412,540
Commenced office square footage on previously occupied space (M-T-M leasing) (2)	181,226		279,649		270,602		294,886		137,808
Total office square footage commenced	351,288		354,074		402,843		355,847		550,348
Average starting cash rent psf - office leases commenced	$77.09		$70.53		$69.38		$78.47		$69.09
Previous escalated cash rent psf - office leases commenced (3)	$73.39		$62.82		$67.90		$71.70		$66.03
Increase in new cash rent over previously escalated cash rent (2) (3)	5.0%		12.3%		2.2%		9.4%		4.6%
Average lease term	16.1		11.5		11.0		6.8		21.1
Tenant concession packages psf	$77.97		$79.94		$67.08		$43.57		$69.64
Free rent months	4.4		7.1		5.7		4.9		5.8
(1) Property data includes operating office, retail, residential, development, and redevelopment properties.
(2) Calculated on space that was occupied within the previous 12 months.
(3) Escalated cash rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.

Supplemental Information 10 Third Quarter 2019

KEY FINANCIAL DATA Suburban Properties (1) Unaudited (Dollars in Thousands Except Per Share)

	As of or for the three months ended
	9/30/2019		6/30/2019		3/31/2019		12/31/2018			9/30/2018
Selected Operating Data
Property operating revenues	$	16,933	$	16,933	$	17,121	$	17,707		$	17,338
Property operating expenses	9,123		8,598		8,807		8,153			9,480
Property NOI	$	7,810	$	8,335	$	8,314	$	9,554		$	7,858
Other income - consolidated	$	53	$	135	$	117	$	(588	)	$	(529	)
SLG share of property NOI from unconsolidated JVs	$	—	$	—	$	—	$	—		$	—
Portfolio Statistics
Consolidated office buildings in service	13		13		13		13			13
Unconsolidated office buildings in service	—		—		—		—			—
	13		13		13		13			13
Consolidated office buildings in service - square footage	2,295,200		2,295,200		2,295,200		2,295,200			2,295,200
Unconsolidated office buildings in service - square footage	—		—		—		—			—
	2,295,200		2,295,200		2,295,200		2,295,200			2,295,200
Same-Store office occupancy (consolidated + JVs)	89.4%		90.0%		90.4%		91.3%			91.6%
Same-Store office occupancy inclusive of leases signed not yet commenced	89.6%		90.0%		91.1%		91.8%			92.1%
Office Leasing Statistics
New leases commenced	4		5		2		4			3
Renewal leases commenced	3		7		6		4			5
Total office leases commenced	7		12		8		8			8
Commenced office square footage filling vacancy	2,854		14,994		1,165		10,348			5,732
Commenced office square footage on previously occupied space (M-T-M leasing) (2)	26,281		75,796		31,025		125,609			21,463
Total office square footage commenced	29,135		90,790		32,190		135,957			27,195
Average starting cash rent psf - office leases commenced	$32.37		$38.59		$32.93		$26.17			$36.77
Previous escalated cash rent psf - office leases commenced (3)	$30.97		$39.87		$32.73		$27.79			$36.97
Increase (decrease) in new cash rent over previously escalated cash rent (2) (3)	4.5%		(3.2)%		0.6%		(5.8)%			(0.5)%
Average lease term	1.5		8.6		4.5		7.5			2.5
Tenant concession packages psf	$2.31		$14.27		$11.72		$24.73			$5.20
Free rent months	0.4		7.8		3.5		6.9			1.0
(1) Property data includes operating office, retail, and development properties.
(2) Calculated on space that was occupied within the previous 12 months.
(3) Escalated cash rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.

Supplemental Information 11 Third Quarter 2019

COMPARATIVE BALANCE SHEETS Unaudited (Dollars in Thousands)

	As of
	9/30/2019				6/30/2019			3/31/2019			12/31/2018			9/30/2018
Assets
Commercial real estate properties, at cost:
Land and land interests	$	1,860,922			$	1,929,496		$	1,775,006		$	1,774,899		$	1,827,999
Building and improvements	5,352,144				5,749,261			5,294,612			5,268,484			5,271,442
Building leasehold and improvements	1,431,183				1,427,225			1,423,282			1,423,107			1,427,381
Right of use asset - financing leases	47,445				47,445			47,445			47,445			47,445
Right of use asset - operating leases	396,795				396,795			396,148			—			—
	9,088,489				9,550,222			8,936,493			8,513,935			8,574,267
Less: accumulated depreciation	(2,147,395		)		(2,217,013		)	(2,154,075		)	(2,099,137		)	(2,049,338		)
Net real estate	6,941,094				7,333,209			6,782,418			6,414,798			6,524,929
Other real estate investments:
Investment in unconsolidated joint ventures	2,923,595				2,937,153			3,055,368			3,019,020			3,070,825
Debt and preferred equity investments, net	1,954,556			(1)	2,228,912			2,272,241			2,099,393			1,977,057
Assets held for sale, net	403,488			(2)	—			—			—			696,069
Cash and cash equivalents	121,751				148,978			144,323			129,475			160,248
Restricted cash	94,793				92,169			151,388			149,638			98,344
Investment in marketable securities	30,208				29,978			29,406			28,638			28,538
Tenant and other receivables, net of $14,082 of cumulative charge-offs at 9/30/2019	44,950				38,270			47,829			41,589			44,614
Related party receivables	20,030				23,686			29,458			28,033			21,425
Deferred rents receivable, net of $13,311 of cumulative charge-offs at 9/30/2019	306,431				341,659			337,099			335,985			329,325
Deferred costs, net	182,621				220,572			211,615			209,110			202,500
Other assets	271,467				235,355			324,629			295,679			301,128
Total Assets	$	13,294,984			$	13,629,941		$	13,385,774		$	12,751,358		$	13,455,002
(1) Excludes debt and preferred equity investments totaling $34.6 million with a weighted average current yield of 6.57% that are included in other balance sheet line items.
(2) Includes 220 East 42nd Street and 1010 Washington Boulevard, Stamford, Connecticut.

Supplemental Information 12 Third Quarter 2019

COMPARATIVE BALANCE SHEETS Unaudited (Dollars in Thousands)

	As of
	9/30/2019			6/30/2019			3/31/2019			12/31/2018			9/30/2018
Liabilities
Mortgages and other loans payable	$	2,454,684		$	2,366,907		$	2,046,906		$	1,988,160		$	2,339,030
Unsecured term loans	1,500,000			1,500,000			1,500,000			1,500,000			1,500,000
Unsecured notes	1,503,072			1,503,305			1,503,534			1,503,758			1,503,986
Revolving credit facility	335,000			670,000			790,000			500,000			145,000
Deferred financing costs	(56,988		)	(57,423		)	(50,376		)	(50,218		)	(47,220		)
Total debt, net of deferred financing costs	5,735,768			5,982,789			5,790,064			5,441,700			5,440,796
Accrued interest	27,568			25,564			28,930			23,154			27,211
Accounts payable and accrued expenses	143,361			133,473			111,899			147,061			141,082
Deferred revenue	126,321			122,941			102,598			94,453			110,283
Lease liability - financing leases	44,251			44,034			43,823			43,616			43,416
Lease liability - operating leases	384,661			387,602			389,857			—			—
Dividends and distributions payable	78,541			79,272			80,047			80,430			79,165
Security deposits	62,166			62,735			61,139			64,688			64,501
Liabilities related to assets held for sale	—			—			—			—			311,049
Junior subordinated deferrable interest debentures	100,000			100,000			100,000			100,000			100,000
Other liabilities	140,899			123,921			135,448			120,169			101,296
Total liabilities	6,843,536			7,062,331			6,843,805			6,115,271			6,418,799
Noncontrolling interest in operating partnership
(4,258 units outstanding) at 9/30/2019	401,863			401,824			412,361			387,805			467,743
Preferred units	286,285			286,285			285,285			300,427			301,285
Equity
Stockholders' Equity:
Series I Perpetual Preferred Shares	221,932			221,932			221,932			221,932			221,932
Common stock, $0.01 par value, 160,000 shares authorized, 82,570
issued and outstanding at 9/30/2019, including 1,055 shares held in treasury	826			835			843			847			867
Additional paid–in capital	4,407,667			4,451,209			4,492,581			4,508,685			4,602,650
Treasury stock	(124,049		)	(124,049		)	(124,049		)	(124,049		)	(124,049		)
Accumulated other comprehensive (loss) income	(40,132		)	(28,395		)	(4,005		)	15,108			36,299
Retained earnings	1,225,904			1,288,390			1,210,497			1,278,998			1,476,959
Total SL Green Realty Corp. stockholders' equity	5,692,148			5,809,922			5,797,799			5,901,521			6,214,658
Noncontrolling interest in other partnerships	71,152			69,579			46,524			46,334			52,517
Total equity	5,763,300			5,879,501			5,844,323			5,947,855			6,267,175
Total Liabilities and Equity	$	13,294,984		$	13,629,941		$	13,385,774		$	12,751,358		$	13,455,002

Supplemental Information 13 Third Quarter 2019

COMPARATIVE STATEMENT OF OPERATIONS Unaudited (Dollars in Thousands Except Per Share)

	Three Months Ended						Three Months Ended				Nine Months Ended
	September 30,			September 30,				June 30,			September 30,			September 30,
	2019			2018				2019			2019			2018
Revenues
Rental revenue, net	$	215,447		$	221,763			$	216,480		$	644,566		$	648,501
Escalation and reimbursement revenues	32,581			29,103				28,479			88,539			82,554
Investment income	51,518			48,977				51,618			153,167			143,540
Other income	14,088			7,702				16,447			44,641			35,761
Total Revenues, net	313,634			307,545				313,024			930,913			910,356
Equity in net (loss) income from unconsolidated joint ventures	(9,864		)	971				(7,546		)	(22,644		)	9,709
Loss on early extinguishment of debt	—			(2,194		)		—			—			(2,194		)
Expenses
Operating expenses	59,847			56,852				58,317			175,862			172,871
Operating lease rent	8,295			9,507				8,298			24,891			26,661
Real estate taxes	49,626			48,805				46,694			143,008			139,788
Loan loss and other investment reserves, net of recoveries	—			1,087				—			—			1,087
Transaction related costs	44			163				261			360			673
Marketing, general and administrative	23,841			20,594				25,480			75,300			66,601
Total Operating Expenses	141,653			137,008				139,050			419,421			407,681
Operating Income	162,117			169,314				166,428			488,848			510,190
Interest expense, net of interest income	48,112			55,168				47,160			145,797			156,695
Amortization of deferred financing costs	3,112			2,630				2,712			8,566			9,713
Depreciation and amortization	70,464			70,747				69,461			208,268			208,049
Income from Continuing Operations (1)	40,429			40,769				47,095			126,217			135,733
Gain (loss) on sale of real estate	3,541			(2,504		)		—			2,492			6,227
Equity in net gain on sale of joint venture interest / real estate	—			70,937				59,015			76,181			136,522
Purchase price and other fair value adjustments	3,799			(3,057		)		67,631			69,389			57,385
Depreciable real estate reserves	(7,047		)	(6,691		)		—			(7,047		)	(6,691		)
Net Income	40,722			99,454				173,741			267,232			329,176
Net income attributable to noncontrolling interests	(1,095		)	(4,661		)		(6,172		)	(9,782		)	(15,890		)
Dividends on preferred units	(2,732		)	(2,846		)		(2,729		)	(8,185		)	(8,542		)
Net Income Attributable to SL Green Realty Corp	36,895			91,947				164,840			249,265			304,744
Dividends on perpetual preferred shares	(3,738		)	(3,738		)		(3,737		)	(11,213		)	(11,213		)
Net Income Attributable to Common Stockholders	$	33,157		$	88,209			$	161,103		$	238,052		$	293,531
Earnings per share - Net income per share (basic)	$	0.40		$	1.03			$	1.94		$	2.87		$	3.34
Earnings per share - Net income per share (diluted)	$	0.40		$	1.03			$	1.94		$	2.87		$	3.34
(1) Before gains on sale and equity in net gains and depreciable real estate reserves shown below.

Supplemental Information 14 Third Quarter 2019

COMPARATIVE COMPUTATION OF FFO AND FAD Unaudited (Dollars in Thousands Except Per Share)

		Three Months Ended						Three Months Ended				Nine Months Ended
		September 30,			September 30,				June 30,			September 30,			September 30,
		2019			2018				2019			2019			2018
Funds from Operations
Net Income Attributable to Common Stockholders		$	33,157		$	88,209			$	161,103		$	238,052		$	293,531
	Depreciation and amortization	70,464			70,747				69,461			208,268			208,049
	Unconsolidated JV depreciation and noncontrolling interests adjustments	47,674			45,485				49,903			145,202			140,799
	Net income attributable to noncontrolling interests	1,095			4,661				6,172			9,782			15,890
	(Gain) loss on sale of real estate	(3,541		)	2,504				—			(2,492		)	(6,227		)
	Equity in net gain on sale of joint venture property / real estate	—			(70,937		)		(59,015		)	(76,181		)	(136,522		)
	Purchase price and other fair value adjustments	(3,799		)	3,057				(67,631		)	(69,389		)	(57,385		)
	Depreciable real estate reserves	7,047			6,691				—			7,047			6,691
	Non-real estate depreciation and amortization	(740		)	(616		)		(746		)	(2,193		)	(1,766		)
	Funds From Operations	$	151,357		$	149,801			$	159,247		$	458,096		$	463,060
	Funds From Operations - Basic per Share	$	1.75		$	1.66			$	1.83		$	5.26		$	5.01
	Funds From Operations - Diluted per Share	$	1.75		$	1.66			$	1.82		$	5.25		$	5.00
Funds Available for Distribution
FFO		$	151,357		$	149,801			$	159,247		$	458,096		$	463,060
	Non real estate depreciation and amortization	740			616				746			2,193			1,766
	Amortization of deferred financing costs	3,112			2,630				2,712			8,566			9,713
	Non-cash deferred compensation	6,953			6,640				5,570			25,339			26,323
	FAD adjustment for joint ventures	(29,706		)	(12,573		)		(29,320		)	(81,791		)	(52,396		)
	Straight-line rental income and other non cash adjustments	(8,403		)	(9,580		)		(8,121		)	(21,119		)	(22,185		)
	Second cycle tenant improvements	(22,832		)	(16,434		)		(19,248		)	(50,501		)	(42,082		)
	Second cycle leasing commissions	(5,718		)	(8,892		)		(4,945		)	(17,673		)	(17,191		)
	Revenue enhancing recurring CAPEX	(558		)	(663		)		(665		)	(1,556		)	(2,168		)
	Non-revenue enhancing recurring CAPEX	(13,626		)	(17,027		)		(15,323		)	(37,333		)	(36,079		)
Reported Funds Available for Distribution		$	81,319		$	94,518			$	90,653		$	284,221		$	328,761
	First cycle tenant improvements	$	750		$	1,325			$	1,388		$	2,498		$	4,190
	First cycle leasing commissions	$	—		$	337			$	8,965		$	14,034		$	1,259
	Development costs	$	8,850		$	5,050			$	5,257		$	18,762		$	23,666
	Redevelopment costs	$	21,613		$	4,437			$	12,898		$	40,624		$	14,463
	Capitalized interest	$	15,699		$	8,505			$	12,019		$	38,227		$	22,785

Supplemental Information 15 Third Quarter 2019

CONSOLIDATED STATEMENT OF EQUITY Unaudited (Dollars in Thousands)

																			Accumulated
	Series I																		Other
	Preferred			Common			Additional			Treasury			Retained			Noncontrolling			Comprehensive
	Stock			Stock			Paid-In Capital			Stock			Earnings			Interests			Income (Loss)			TOTAL
Balance at December 31, 2018	$	221,932		$	847		$	4,508,685		$	(124,049	)	$	1,278,998		$	46,334		$	15,108		$	5,947,855
Net income													249,265			(2,523		)				246,742
Acquisition of subsidiary interest from noncontrolling interest							(569		)							(25,276		)				(25,845		)
Preferred dividends													(11,213		)							(11,213		)
Cash distributions declared ($2.55 per common share)													(209,517		)							(209,517		)
Cash distributions to noncontrolling interests																(478		)				(478		)
Other comprehensive loss - unrealized loss on derivative instruments																			(42,249		)	(42,249		)
Other comprehensive loss - SLG share of unconsolidated joint venture net unrealized loss on derivative instruments																			(14,484		)	(14,484		)
Other comprehensive gain - unrealized gain on marketable securities																			1,493			1,493
DRSPP proceeds							302															302
Repurchases of common stock				(21		)	(117,703		)				(66,120		)							(183,844		)
Conversion of units of the Operating Partnership to common stock							471															471
Contributions to consolidated joint ventures																53,095						53,095
Reallocation of noncontrolling interests in the Operating Partnership													(15,509		)							(15,509		)
Deferred compensation plan and stock awards, net							16,481															16,481
Balance at September 30, 2019	$	221,932		$	826		$	4,407,667		$	(124,049	)	$	1,225,904		$	71,152		$	(40,132	)	$	5,763,300
RECONCILIATION OF SHARES AND UNITS OUTSTANDING, AND DILUTION COMPUTATION
	Common Stock			OP Units			Stock-Based Compensation			Diluted Shares
Share Count at December 31, 2018	83,683,847			4,130,579			—			87,814,426
YTD share activity	(2,168,781		)	127,175			—			(2,041,606		)
Share Count at September 30, 2019 - Basic	81,515,066			4,257,754			—			85,772,820
Weighting factor	1,340,107			25,474			171,029			1,536,610
Weighted Average Share Count at September 30, 2019 - Diluted	82,855,173			4,283,228			171,029			87,309,430

Supplemental Information 16 Third Quarter 2019

JOINT VENTURE STATEMENTS Balance Sheet for Unconsolidated Joint Ventures Unaudited (Dollars in Thousands)

	September 30, 2019						June 30, 2019						March 31, 2019
	Total			SLG Share			Total			SLG Share			Total			SLG Share
Assets
Commercial real estate properties, at cost:
Land and land interests	$	3,903,665		$	1,886,617		$	3,892,587		$	1,880,967		$	4,014,425		$	1,937,418
Building and improvements	10,255,247			5,086,802			10,026,975			4,952,690			10,150,482			4,944,693
Building leasehold and improvements	416,668			211,258			394,503			200,176			394,722			200,287
Right of use asset - financing leases	634,822			321,864			634,822			321,864			634,663			321,783
Right of use asset - operating leases	236,519			116,376			236,519			116,376			236,519			116,376
	15,446,921			7,622,917			15,185,406			7,472,073			15,430,811			7,520,557
Less: accumulated depreciation	(1,166,763		)	(516,005		)	(1,034,345		)	(459,917		)	(1,067,859		)	(458,371		)
Net real estate	14,280,158			7,106,912			14,151,061			7,012,156			14,362,952			7,062,186
Cash and cash equivalents	226,208			112,547			217,981			109,455			225,382			117,440
Restricted cash	73,491			34,600			101,447			47,937			145,450			72,082
Debt and preferred equity investments, net	—			—			—			—			44,824			44,824
Tenant and other receivables, net of $6,513 of cumulative charge-offs at 9/30/2019, of which $3,541 is SLG share	44,472			17,418			40,699			15,469			56,346			26,345
Deferred rents receivable, net of $3,405 of cumulative charge-offs at 9/30/2019, of which $1,364 is SLG share	315,922			151,590			280,903			132,579			265,350			122,640
Deferred costs, net	189,627			105,152			175,521			97,512			176,920			96,081
Other assets	1,894,794			844,474			1,917,972			849,865			2,014,521			896,875
Total Assets	$	17,024,672		$	8,372,693		$	16,885,584		$	8,264,973		$	17,291,745		$	8,438,473
Liabilities and Equity
Mortgage and other loans payable, net of deferred financing costs of $97,400 at 9/30/2019, of which $46,832 is SLG share	$	8,799,015		$	3,883,638		$	8,591,391		$	3,749,889		$	8,760,333		$	3,760,385
Accrued interest	26,911			11,393			28,360			11,573			29,839			12,399
Accounts payable and accrued expenses	233,823			122,393			224,112			118,010			265,314			143,048
Deferred revenue	1,535,067			684,525			1,558,660			692,369			1,620,437			720,421
Lease liability - financing leases	637,314			323,089			637,347			323,112			637,199			323,042
Lease liability - operating leases	261,682			128,215			263,255			129,016			264,609			129,706
Security deposits	26,960			9,966			26,989			10,034			33,820			12,680
Other liabilities	12,882			7,547			10,547			5,379			12,161			6,664
Equity	5,491,018			3,201,927			5,544,923			3,225,591			5,668,033			3,330,128
Total Liabilities and Equity	$	17,024,672		$	8,372,693		$	16,885,584		$	8,264,973		$	17,291,745		$	8,438,473

Supplemental Information 17 Third Quarter 2019

JOINT VENTURE STATEMENTS Statement of Operations for Unconsolidated Joint Ventures Unaudited (Dollars in Thousands)

	Three Months Ended						Three Months Ended						Three Months Ended
	September 30, 2019						June 30, 2019						September 30, 2018
	Total			SLG Share			Total			SLG Share			Total			SLG Share
Revenues
Rental revenue, net	$	239,246		$	105,169		$	248,446		$	108,310		$	253,280		$	107,543
Escalation and reimbursement revenues	42,464			19,852			36,451			17,017			43,910			20,702
Investment income	1,264			314			1,417			476			4,663			4,469
Other income	3,036			1,123			4,134			1,665			3,016			1,173
Total Revenues, net	$	286,010		$	126,458		$	290,448		$	127,468		$	304,869		$	133,887
Loss on early extinguishment of debt	(1,031		)	(258		)	—			—			—			—
Expenses
Operating expenses	$	50,759		$	22,389		$	48,514		$	20,683		$	56,304		$	23,887
Operating lease rent	6,713			3,270			6,234			3,026			4,397			2,108
Real estate taxes	53,321			23,920			51,987			23,146			56,747			24,861
Total Operating Expenses	$	110,793		$	49,579		$	106,735		$	46,855		$	117,448		$	50,856
Operating Income	$	174,186		$	76,621		$	183,713		$	80,613		$	187,421		$	83,031
Interest expense, net of interest income	$	92,601		$	38,295		$	93,693		$	38,281		$	88,328		$	34,947
Amortization of deferred financing costs	4,436			1,505			4,782			1,591			4,446			1,390
Depreciation and amortization	100,736			46,557			103,681			48,176			101,538			45,839
Net (Loss) Income	$	(23,587	)	$	(9,736	)	$	(18,443	)	$	(7,435	)	$	(6,891	)	$	855
Real estate depreciation	100,449			46,500			103,392			48,120			101,247			45,782
FFO Contribution	$	76,862		$	36,764		$	84,949		$	40,685		$	94,356		$	46,637
FAD Adjustments:
Non real estate depreciation and amortization	$	287		$	57		$	289		$	56		$	291		$	57
Amortization of deferred financing costs	4,436			1,505			4,782			1,591			4,446			1,390
Straight-line rental income and other non-cash adjustments	(39,890		)	(21,563		)	(38,144		)	(20,386		)	(19,483		)	(9,164		)
Second cycle tenant improvement	(9,755		)	(4,885		)	(12,766		)	(6,712		)	(4,460		)	(2,340		)
Second cycle leasing commissions	(2,851		)	(1,610		)	(983		)	(499		)	(1,786		)	(960		)
Revenue enhancing recurring CAPEX	(1,485		)	(563		)	(1,054		)	(368		)	(220		)	(68		)
Non-revenue enhancing recurring CAPEX	(5,383		)	(2,647		)	(6,907		)	(3,002		)	(2,813		)	(1,488		)
Total FAD Adjustments	$	(54,641	)	$	(29,706	)	$	(54,783	)	$	(29,320	)	$	(24,025	)	$	(12,573	)
First cycle tenant improvement	$	373		$	110		$	5,943		$	3,106		$	40,089		$	19,242
First cycle leasing commissions	$	123		$	75		$	133		$	68		$	752		$	284
Development costs	$	127,656		$	90,649		$	147,326		$	104,617		$	125,459		$	89,088
Redevelopment costs	$	25,822		$	13,120		$	5,115		$	2,258		$	8,743		$	4,534
Capitalized interest	$	7,164		$	5,087		$	5,571		$	3,956		$	12,496		$	7,362

Supplemental Information 18 Third Quarter 2019

JOINT VENTURE STATEMENTS Statement of Operations for Unconsolidated Joint Ventures Unaudited (Dollars in Thousands)

	Nine Months Ended						Nine Months Ended
	September 30, 2019						September 30, 2018
	Total			SLG Share			Total			SLG Share
Revenues
Rental revenue, net	$	745,584		$	325,211		$	799,256		$	341,442
Escalation and reimbursement revenues	117,959			55,127			121,736			57,125
Investment income	10,332			3,017			10,027			9,263
Other income	10,102			3,852			8,986			3,507
Total Revenues, net	$	883,977		$	387,207		$	940,005		$	411,337
Loss on early extinguishment of debt	(1,031		)	(258		)	—			—
Expenses
Operating expenses	$	153,397		$	65,928		$	166,433		$	69,014
Operating lease rent	18,848			9,156			13,247			6,351
Real estate taxes	159,544			70,705			169,612			72,970
Total Operating Expenses	$	331,789		$	145,789		$	349,292		$	148,335
Operating Income	$	551,157		$	241,160		$	590,713		$	263,002
Interest expense, net of interest income	$	282,917		$	115,983		$	269,717		$	107,397
Amortization of deferred financing costs	14,434			4,664			16,912			4,815
Depreciation and amortization	308,748			142,861			318,113			141,023
Net (Loss) income	$	(54,942	)	$	(22,348	)	$	(14,029	)	$	9,767
Real estate depreciation	307,883			142,691			317,222			140,851
FFO Contribution	$	252,941		$	120,343		$	303,193		$	150,618
FAD Adjustments:
Non real estate depreciation and amortization	$	865		$	170		$	891		$	172
Amortization of deferred financing costs	14,434			4,664			16,912			4,815
Straight-line rental income and other non-cash adjustments	(119,500		)	(63,975		)	(64,933		)	(32,904		)
Second cycle tenant improvement	(24,811		)	(12,479		)	(50,745		)	(17,125		)
Second cycle leasing commissions	(5,431		)	(2,833		)	(10,264		)	(3,808		)
Revenue enhancing recurring CAPEX	(2,771		)	(1,026		)	(1,419		)	(308		)
Non-revenue enhancing recurring CAPEX	(14,268		)	(6,312		)	(6,447		)	(3,238		)
Total FAD Adjustments	$	(151,482	)	$	(81,791	)	$	(116,005	)	$	(52,396	)
First cycle tenant improvement	$	12,180		$	5,195		$	99,133		$	52,198
First cycle leasing commissions	$	501		$	268		$	4,372		$	1,195
Development costs	$	424,031		$	301,106		$	363,638		$	155,896
Redevelopment costs	$	30,161		$	14,754		$	25,149		$	13,733
Capitalized Interest	$	17,664		$	12,543		$	37,275		$	22,128

Supplemental Information 19 Third Quarter 2019

SELECTED FINANCIAL DATA Net Operating Income Unaudited (Dollars in Thousands)

	Three Months Ended						Three Months Ended				Nine Months Ended
	September 30,			September 30,				June 30,			September 30,			September 30,
	2019			2018				2019			2019			2018
Net Operating Income (1)	$	135,744		$	140,223			$	138,358		$	409,607		$	408,767
SLG share of property NOI from unconsolidated JVs	76,552			78,497				79,556			237,811			253,324
NOI including SLG share of unconsolidated JVs	$	212,296		$	218,720			$	217,914		$	647,418		$	662,091
Partners' share of NOI - consolidated JVs	(536		)	(601		)		(488		)	(1,532		)	(1,662		)
NOI - SLG share	$	211,760		$	218,119			$	217,426		$	645,886		$	660,429
NOI, including SLG share of unconsolidated JVs	$	212,296		$	218,720			$	217,914		$	647,418		$	662,091
Free rent (net of amortization)	(16,729		)	(6,058		)		(16,012		)	(49,187		)	(15,377		)
Amortization of acquired above and below-market leases, net	(5,281		)	(5,592		)		(5,503		)	(16,393		)	(17,808		)
Straight-line revenue adjustment	(5,822		)	(5,915		)		(4,615		)	(15,493		)	(15,742		)
Straight-line tenant credit loss	848			161				18			3,602			(890		)
Operating lease straight-line adjustment	888			1,344				988			2,848			3,337
Cash NOI, including SLG share of unconsolidated JVs	$	186,200		$	202,660			$	192,790		$	572,795		$	615,611
Partners' share of cash NOI - consolidated JVs	(564		)	(529		)		(502		)	(1,570		)	(1,603		)
Cash NOI - SLG share	$	185,636		$	202,131			$	192,288		$	571,225		$	614,008
(1) Includes SL Green Management Corp. and Emerge 212. Excludes lease termination income.

NOI Summary by Portfolio (1) - SLG Share
	Three Months Ended September 30, 2019						Nine Months Ended September 30, 2019
	NOI			Cash NOI			NOI		Cash NOI
Manhattan Operating Properties	$	181,509		$	159,025		$	545,620	$	480,135
Suburban Operating Properties	7,429			6,857			23,324		22,577
Retail Operating Properties	12,897			11,732			39,741		36,058
Residential Operating Properties	7,768			7,614			23,854		23,400
Development/Redevelopment	3,034			1,175			6,821		3,228
Total Operating and Development	212,637			186,403			639,360		565,398
Property Dispositions	(65		)	(65		)	4,426		3,418
Other (2)	(812		)	(702		)	2,100		2,409
Total	$	211,760		$	185,636		$	645,886	$	571,225
(1) Portfolio composition consistent with property tables found on pages 29-32
(2) Includes SL Green Management Corp., Emerge 212, Belmont Insurance Company and Ticonderoga Insurance Company

Supplemental Information 20 Third Quarter 2019

SELECTED FINANCIAL DATA 2019 Same Store Net Operating Income - Wholly Owned and Consolidated JVs Unaudited (Dollars in Thousands)

		Three Months Ended								Three Months Ended				Nine Months Ended
		September 30,			September 30,						June 30,			September 30,			September 30,
		2019			2018			%			2019			2019			2018			%
Revenues
	Rental revenue, net	$	209,230		$	209,914		(0.3	)%		$	211,369		$	628,354		$	618,600		1.6	%
	Escalation & reimbursement revenues	31,924			28,874			10.6	%		27,950			87,130			81,713			6.6	%
	Other income	6,251			1,289			384.9	%		4,541			11,388			10,307			10.5	%
	Total Revenues	$	247,405		$	240,077		3.1	%		$	243,860		$	726,872		$	710,620		2.3	%
Expenses
	Operating expenses	$	52,720		$	51,406		2.6	%		$	51,400		$	155,930		$	153,852		1.4	%
	Operating lease rent	8,295			8,308			(0.2	)%		8,298			24,891			24,923			(0.1	)%
	Real estate taxes	48,929			46,173			6.0	%		46,067			141,057			134,311			5.0	%
		$	109,944		$	105,887		3.8	%		$	105,765		$	321,878		$	313,086		2.8	%
	Operating Income	$	137,461		$	134,190		2.4	%		$	138,095		$	404,994		$	397,534		1.9	%
	Interest expense & amortization of financing costs	$	21,001		$	25,001		(16.0	)%		$	17,368		$	55,645		$	79,331		(29.9	)%
	Depreciation & amortization	61,958			65,002			(4.7	)%		61,715			184,617			188,071			(1.8	)%
	Income before noncontrolling interest	$	54,502		$	44,187		23.3	%		$	59,012		$	164,732		$	130,132		26.6	%
Plus:	Real estate depreciation & amortization	61,895			64,939			(4.7	)%		61,651			184,427			187,873			(1.8	)%
	FFO Contribution	$	116,397		$	109,126		6.7	%		$	120,663		$	349,159		$	318,005		9.8	%
Less:	Non–building revenue	2,664			239			1,014.6	%		196			2,942			5,099			(42.3	)%
Plus:	Interest expense & amortization of financing costs	21,001			25,001			(16.0	)%		17,368			55,645			79,331			(29.9	)%
	Non-real estate depreciation	63			63			—	%		64			190			198			(4.0	)%
	NOI	$	134,797		$	133,951		0.6	%		$	137,899		$	402,052		$	392,435		2.5	%
Cash Adjustments
Less:	Free rent (net of amortization)	$	4,744		$	6,948		(31.7	)%		$	6,078		$	16,445		$	16,801		(2.1	)%
	Straight-line revenue adjustment	(1,557		)	(1,254		)	24.2	%		(2,529		)	(6,763		)	(8,746		)	(22.7	)%
	Amortization of acquired above and below-market leases, net	902			1,320			(31.7	)%		922			2,770			4,241			(34.7	)%
Plus:	Operating lease straight-line adjustment	514			524			(1.9	)%		514			1,542			1,572			(1.9	)%
	Straight-line tenant credit loss	848			158			436.7	%		17			3,739			(924		)	(504.7	)%
	Cash NOI	$	132,070		$	127,619		3.5	%		$	133,959		$	394,881		$	380,787		3.7	%
Operating Margins
	NOI to real estate revenue, net	55.1		%	55.9		%				56.6		%	55.5		%	55.6		%
	Cash NOI to real estate revenue, net	54.0		%	53.2		%				55.0		%	54.5		%	54.0		%
	NOI before operating lease rent/real estate revenue, net	58.5		%	59.3		%				60.0		%	59.0		%	59.2		%
	Cash NOI before operating lease rent/real estate revenue, net	57.1		%	56.5		%				58.2		%	57.8		%	57.3		%

Supplemental Information 21 Third Quarter 2019

SELECTED FINANCIAL DATA 2019 Same Store Net Operating Income - Unconsolidated JVs Unaudited (Dollars in Thousands, SLG Share)

		Three Months Ended								Three Months Ended				Nine Months Ended
		September 30,			September 30,						June 30,			September 30,			September 30,
		2019			2018			%			2019			2019			2018			%
Revenues
	Rental revenue, net	$	97,457		$	97,001		0.5	%		$	98,562		$	295,562		$	296,413		(0.3	)%
	Escalation & reimbursement revenues	19,715			19,649			0.3	%		16,302			53,533			54,163			(1.2	)%
	Other income	567			452			25.4	%		1,105			2,237			1,148			94.9	%
	Total Revenues	$	117,739		$	117,102		0.5	%		$	115,969		$	351,332		$	351,724		(0.1	)%
Expenses
	Operating expenses	$	21,543		$	21,823		(1.3	)%		$	19,224		$	61,581		$	62,297		(1.1	)%
	Operating lease rent	1,927			1,922			—	%		1,937			5,785			5,793			—	%
	Real estate taxes	22,263			22,590			(1.4	)%		21,086			64,440			65,296			(1.3	)%
		$	45,733		$	46,335		(1.3	)%		$	42,247		$	131,806		$	133,386		(1.2	)%
	Operating Income	$	72,006		$	70,767		1.8	%		$	73,722		$	219,526		$	218,338		0.5	%
	Interest expense & amortization of financing costs	$	34,571		$	34,188		1.1	%		$	34,783		$	104,354		$	99,677		4.7	%
	Depreciation & amortization	40,822			41,982			(2.8	)%		42,174			124,216			125,339			(0.9	)%
	Loss before noncontrolling interest	$	(3,387	)	$	(5,403	)	(37.3	)%		$	(3,235	)	$	(9,044	)	$	(6,678	)	35.4	%
Plus:	Real estate depreciation & amortization	40,765			41,925			(2.8	)%		42,117			124,047			125,171			(0.9	)%
	FFO Contribution	$	37,378		$	36,522		2.3	%		$	38,882		$	115,003		$	118,493		(2.9	)%
Less:	Non–building revenue	233			165			41.2	%		649			1,088			510			113.3	%
Plus:	Interest expense & amortization of financing costs	34,571			34,188			1.1	%		34,783			104,354			99,677			4.7	%
	Non-real estate depreciation	57			57			—	%		57			169			168			0.6	%
	NOI	$	71,773		$	70,602		1.7	%		$	73,073		$	218,438		$	217,828		0.3	%
Cash Adjustments
Less:	Free rent (net of amortization)	$	11,150		$	(1,244	)	(996.3	)%		$	9,815		$	31,475		$	(1,648	)	(2,009.9	)%
	Straight-line revenue adjustment	4,589			5,122			(10.4	)%		4,827			14,588			16,623			(12.2	)%
	Amortization of acquired above and below-market leases, net	4,122			4,065			1.4	%		4,248			12,632			11,616			8.7	%
Plus:	Operating lease straight-line adjustment	107			258			—	%		208			573			773			—	%
	Straight-line tenant credit loss	—			—			—	%		1			298			—			—	%
	Cash NOI	$	52,019		$	62,917		(17.3	)%		$	54,392		$	160,614		$	192,010		(16.4	)%
Operating Margins
	NOI to real estate revenue, net	61.1		%	60.4		%				63.4		%	62.4		%	62.0		%
	Cash NOI to real estate revenue, net	44.3		%	53.8		%				47.2		%	45.9		%	54.7		%
	NOI before operating lease rent/real estate revenue, net	62.7		%	62.0		%				65.0		%	64.0		%	63.7		%
	Cash NOI before operating lease rent/real estate revenue, net	45.8		%	55.2		%				48.7		%	47.3		%	56.1		%

Supplemental Information 22 Third Quarter 2019

SELECTED FINANCIAL DATA 2019 Same Store Net Operating Income Unaudited (Dollars in Thousands)

		Three Months Ended								Three Months Ended				Nine Months Ended
		September 30,			September 30,						June 30,			September 30,			September 30,
		2019			2018			%			2019			2019			2018			%
Revenues
	Rental revenue, net	$	209,230		$	209,914		(0.3	)%		$	211,369		$	628,354		$	618,600		1.6	%
	Escalation & reimbursement revenues	31,924			28,874			10.6	%		27,950			87,130			81,713			6.6	%
	Other income	6,251			1,289			384.9	%		4,541			11,388			10,307			10.5	%
	Total Revenues	$	247,405		$	240,077		3.1	%		$	243,860		$	726,872		$	710,620		2.3	%
	Equity in Net Loss from Unconsolidated Joint Ventures (1)	$	(3,387	)	$	(5,403	)	(37.3	)%		$	(3,235	)	$	(9,044	)	$	(6,678	)	35.4	%
Expenses
	Operating expenses	$	52,720		$	51,406		2.6	%		$	51,400		$	155,930		$	153,852		1.4	%
	Operating lease rent	8,295			8,308			(0.2	)%		8,298			24,891			24,923			(0.1	)%
	Real estate taxes	48,929			46,173			6.0	%		46,067			141,057			134,311			5.0	%
		$	109,944		$	105,887		3.8	%		$	105,765		$	321,878		$	313,086		2.8	%
	Operating Income	$	134,074		$	128,787		4.1	%		$	134,860		$	395,950		$	390,856		1.3	%
	Interest expense & amortization of financing costs	$	21,001		$	25,001		(16.0	)%		$	17,368		$	55,645		$	79,331		(29.9	)%
	Depreciation & amortization	61,958			65,002			(4.7	)%		61,715			184,617			188,071			(1.8	)%
	Income before noncontrolling interest	$	51,115		$	38,784		31.8	%		$	55,777		$	155,688		$	123,454		26.1	%
Plus:	Real estate depreciation & amortization	61,895			64,939			(4.7	)%		61,651			184,427			187,873			(1.8	)%
	Joint Ventures Real estate depreciation & amortization (1)	40,765			41,925			(2.8	)%		42,117			124,047			$	125,171		(0.9	)%
	FFO Contribution	$	153,775		$	145,648		5.6	%		$	159,545		$	464,162		$	436,498		6.3	%
Less:	Non–building revenue	$	2,664		$	239		1,014.6	%		$	196		$	2,942		$	5,099		(42.3	)%
	Joint Ventures Non–building revenue (1)	233			165			41.2	%		649			1,088			510			113.3	%
Plus:	Interest expense & amortization of financing costs	21,001			25,001			(16.0	)%		17,368			55,645			79,331			(29.9	)%
	Joint Ventures Interest expense & amortization of financing costs (1)	34,571			34,188			1.1	%		34,783			104,354			99,677			4.7	%
	Non-real estate depreciation	63			63			—	%		64			190			198			(4.0	)%
	Joint Ventures Non-real estate depreciation (1)	57			57			—	%		57			169			168			0.6	%
	NOI	$	206,570		$	204,553		1.0	%		$	210,972		$	620,490		$	610,263		1.7	%
Cash Adjustments
	Non-cash adjustments	$	(2,727	)	$	(6,332	)	(56.9	)%		$	(3,940	)	$	(7,171	)	$	(11,648	)	(38.4	)%
	Joint Venture non-cash adjustments (1)	(19,754		)	(7,685		)	157.0	%		(18,681		)	(57,824		)	(25,818		)	124.0	%
	Cash NOI	$	184,089		$	190,536		(3.4	)%		$	188,351		$	555,495		$	572,797		(3.0	)%
Operating Margins
	NOI to real estate revenue, net	57.0		%	57.3		%				58.8		%	57.8		%	57.7		%
	Cash NOI to real estate revenue, net	50.8		%	53.4		%				52.5		%	51.7		%	54.2		%
	NOI before operating lease rent/real estate revenue, net	59.8		%	60.2		%				61.6		%	60.6		%	60.7		%
	Cash NOI before operating lease rent/real estate revenue, net	53.5		%	56.1		%				55.1		%	54.4		%	56.9		%
(1) The amount represents the Company's share of same-store unconsolidated joint venture activity. The Company does not control investments in unconsolidated joint ventures.

Supplemental Information 23 Third Quarter 2019

DEBT SUMMARY SCHEDULE Consolidated Unaudited (Dollars in Thousands)

				Principal						2019		Initial		Principal		As-Of
			Ownership	Outstanding						Principal		Maturity		Due at		Right	Earliest
Fixed rate debt			Interest (%)	9/30/2019				Coupon (1)		Amortization		Date		Maturity		Extension	Prepayment (2)
Secured fixed rate debt
	762 Madison Avenue		90.0	$	771			5.00%		$	—	Feb-22		$	771	—	Open
	100 Church Street		100.0	210,382				4.68%		3,885		Jul-22		197,784		—	Apr-22
	420 Lexington Avenue		100.0	300,000				3.99%		835		Oct-24		272,749		—	Jul-24
	400 East 58th Street		90.0	39,306				3.00%		837		Nov-26		33,840		—	Open
	Landmark Square		100.0	100,000				4.90%		—		Jan-27		100,000		—	Oct-26
	485 Lexington Avenue		100.0	450,000				4.25%		—		Feb-27		450,000		—	Oct-26
	1080 Amsterdam		92.5	35,297				3.59%		684		Feb-27		29,527		—	Open
	315 West 33rd Street - The Olivia		100.0	250,000				4.17%		—		Feb-27		250,000		—	Open
				$	1,385,756			4.24%		$	6,241			$	1,334,671
Unsecured fixed rate debt
	Unsecured notes			$	250,000			7.75%		$	—	Mar-20		$	250,000	—	Open
	Unsecured notes			499,669				3.25%		—		Oct-22		500,000		—	Open
	Unsecured notes			303,404				4.50%		—		Dec-22		300,000		—	Open
	Term loan (swapped)			1,000,000				3.19%	(3)	—		Mar-23	(3)	1,000,000		—	Open
	Unsecured notes			100,000				4.27%		—		Dec-25		100,000		—	Open
				$	2,153,073			3.97%		$	—			$	2,150,000
		Total Fixed Rate Debt		$	3,538,829			4.07%		$	6,241			$	3,484,671
Floating rate debt
Secured floating rate debt
	FHLB Facility (LIBOR + 18 bps)			$	14,500			2.20%		$	—	Dec-19		$	14,500	—	Open
	FHLB Facility (LIBOR + 26 bps)			10,000				2.28%		—		Jan-20		10,000		—	Open
	FHLB Facility (LIBOR + 31.5 bps)			15,000				2.33%		—		Feb-20		15,000		—	Open
	Debt & preferred equity facility (LIBOR + 222 bps)			190,107				4.24%	(4)	—		Jun-20		190,107		Jun-22	Open
	133 Greene Street (LIBOR + 200 bps)		100.0	15,523				4.02%		—		Aug-20		15,523		—	Open
	106 Spring Street (LIBOR + 250 bps)		100.0	38,025				4.52%		—		Jan-21		38,025		—	Open
	609 Fifth Avenue (LIBOR + 240 bps)		100.0	52,990				4.42%		—		Mar-21		52,990		Mar-22	Open
	185 Broadway (LIBOR + 285 bps)		100.0	115,886				4.87%		—		Nov-21		115,886		—	Open
	712 Madison Avenue (LIBOR + 250 bps)		100.0	28,000				4.52%		—		Dec-21		28,000		—	Open
	460 West 34th Street (LIBOR + 222.5 bps)		70.9	310,236				4.24%		—		May-22		310,236		—	Open
	Suburban Loan (LIBOR + 279 bps)		100.0	228,660			(5)	4.80%		—		Jul-22		228,660		—	Open
	719 Seventh Avenue (LIBOR + 120 bps)		75.0	50,000				3.22%		—		Sep-23		50,000		—	Open
				$	1,068,927			4.33%		$	—			$	1,068,927
Unsecured floating rate debt
	Unsecured notes (3mo. LIBOR + 98 bps)			$	350,000			3.07%		$	—	Aug-21		$	350,000	—	Open
	Revolving credit facility (LIBOR + 100 bps)			335,000				3.02%		—		Mar-22		335,000		Mar-23	Open
	Term loan (LIBOR + 110 bps)			300,000				3.12%		—		Mar-23		300,000		—	Open
	Term loan (LIBOR + 165 bps)			200,000				3.67%	(6)	—		Nov-24		200,000		—	Open
	Junior subordinated deferrable interest debentures (3mo. LIBOR + 125 bps)			100,000				3.34%		—		Jul-35		100,000		—	Open
				$	1,285,000			3.18%		$	—			$	1,285,000
		Total Floating Rate Debt		$	2,353,927			3.70%		$	—			$	2,353,927
		Total Debt - Consolidated		$	5,892,756			3.93%		$	6,241			$	5,838,598
		Deferred financing costs		(56,988		)
		Total Debt - Consolidated, net		$	5,835,768			3.93%
		Total Debt - Joint Venture, net		$	3,883,638			4.08%
	Total Debt including SLG share of unconsolidated JV Debt			$	9,823,226			3.99%
	Weighted Average Balance & Interest Rate for the quarter, including SLG share of JV Debt			$	9,990,392			4.09%
(1) Coupon for floating rate debt determined using the effective 1-month LIBOR rate at the end of the quarter of 2.02% or the 3-month LIBOR rate at the end of the quarter of 2.09%. Coupon for loans that are subject to LIBOR floors were determined using the LIBOR floors.
(2) Loans noted as "open" may be subject to certain fees, premiums or penalties.
(3) Represents a blended fixed rate inclusive of the effect of the following swaps: $200 million @ 1.93% maturing November 2020, $200 million @ 1.13% and $100 million @ 1.16% maturing July 2023, $150 million @ 2.70% maturing January 2024, $200 million @ 2.74% and $150 million @ 2.72% maturing January 2026.
(4) The debt and preferred equity facility bears interest on a floating rate basis at a spread to 1-month LIBOR based on the pledged collateral and advance rate.
(5) Collateralized by the properties located at 360 Hamilton Avenue, 100 Summit Lake Drive, 200 Summit Lake Drive and 500 Summit Lake Drive.
(6) Entered into an agreement to reduce the interest rate spread by 65 basis points to LIBOR + 100 bps. This reduction will be effective in November 2019.

Supplemental Information 24 Third Quarter 2019

DEBT SUMMARY SCHEDULE Unconsolidated JVs Unaudited (Dollars in Thousands)

				Principal Outstanding									2019			Initial		Principal			As-Of
			Ownership	9/30/19									Principal Amortization			Maturity		Due at Maturity			Right	Earliest
Fixed rate debt			Interest (%)	Gross Principal				SLG Share			Coupon (1)		(SLG Share)			Date		(SLG Share)			Extension	Prepayment (2)
	717 Fifth Avenue (mortgage)		10.9	$	300,000			$	32,748		4.45%		$	—		Jul-22		$	32,748		—	Open
	717 Fifth Avenue (mezzanine)		10.9	355,328				38,788			5.50%		—			Jul-22		38,788			—	Mar-22
	650 Fifth Avenue (mortgage)		50.0	210,000				105,000			4.46%		—			Oct-22		105,000			—	Open
	650 Fifth Avenue (mezzanine)		50.0	65,000				32,500			5.45%		—			Oct-22		32,500			—	Open
	21 East 66th Street		32.3	12,000				3,874			3.60%		—			Apr-23		3,874			—	Open
	919 Third Avenue		51.0	500,000				255,000			5.12%		—			Jun-23		255,000			—	Feb-23
	1515 Broadway		56.9	842,966				479,386			3.93%		9,855			Mar-25		419,372			—	Sep-24
	11 Madison Avenue		60.0	1,400,000				840,000			3.84%		—			Sep-25		840,000			—	Mar-25
	800 Third Avenue (swapped)		60.5	177,000				107,120			3.37%		—			Feb-26		107,120			—	Open
	400 East 57th Street		41.0	98,265				40,288			3.00%		858			Nov-26		35,889			—	Open
	Worldwide Plaza		24.4	1,200,000				292,200			3.98%		—			Nov-27		292,200			—	Jul-27
	Stonehenge Portfolio		Various	196,112			(3)	11,289			3.50%		—			Various	(3)	10,114			—	Open
	Total Fixed Rate Debt			$	5,356,671			$	2,238,193		4.07%	(4)	$	10,713				$	2,172,605
Floating rate debt
	121 Greene Street (LIBOR + 150 bps)		50.0	$	15,000			$	7,500		3.52%		$	—		Nov-19		$	7,500		—	Open
	10 East 53rd Street (LIBOR + 225 bps)		55.0	170,000				93,500			4.27%		—			Feb-20		93,500			—	Open
	280 Park Avenue (LIBOR + 173 bps)		50.0	1,200,000				600,000			3.75%		—			Sep-20		600,000			Sep-24	Open
	1552 Broadway (LIBOR + 265 bps)		50.0	195,000				97,500			4.67%		—			Oct-20		97,500			—	Open
	11 West 34th Street (LIBOR + 145 bps)		30.0	23,000				6,900			3.47%		—			Jan-21		6,900			Jan-23	Open
	100 Park Avenue (LIBOR + 175 bps)		49.9	357,897				178,591			3.77%		1,512			Feb-21		175,858			—	Open
	One Vanderbilt (LIBOR + 275 bps)		71.0	619,258				439,735			4.77%		—			Sep-21		439,735			—	Open
	2 Herald Square (LIBOR + 155 bps)		51.0	150,000				76,500			3.57%		—			Nov-21		76,500			—	Open
	55 West 46th Street - Tower 46 (LIBOR + 125 bps)		25.0	192,524				48,131			3.27%		—			Aug-22		48,131			—	Open
	115 Spring Street (LIBOR + 340 bps)		51.0	65,550				33,431			5.42%		—			Sep-23		33,431			—	Open
	605 West 42nd Street - Sky (LIBOR + 144 bps)		20.0	550,000				110,000			3.46%		—			Aug-27		110,000			—	Open
	21 East 66th Street (T 12 mos + 275 bps)		32.3	1,515				489			4.50%		28			Jun-33		4			—	Open
	Total Floating Rate Debt			$	3,539,744			$	1,692,277		4.09%	(4)	$	1,540				$	1,689,059
	Total unconsolidated JV Debt			$	8,896,415			$	3,930,470		4.08%	(4)	$	12,253				$	3,861,664
		Deferred financing costs		(97,400		)		(46,832		)
	Total unconsolidated JV Debt, net			$	8,799,015			$	3,883,638		4.08%
(1) Coupon for floating rate debt determined using the effective 1-month LIBOR rate at the end of the quarter of 2.02%. Coupon for loans that are subject to LIBOR floors were determined using the LIBOR floors.
(2) Loans noted as "open" may be subject to certain fees, premiums or penalties.
(3) Amount is comprised of $132.6 million and $63.5 million in fixed-rate mortgages that mature in April 2028 and July 2029, respectively.
(4) The weighted average coupon is calculated based on SL Green's share of the outstanding debt.
	SL GREEN REALTY CORP.											Composition of Debt
	Revolving Credit Facility Covenants												Fixed Rate Debt
			Actual	Required												Consolidated		$	3,538,829
	Total Debt / Total Assets		38.6%	Less than 60%											SLG Share of JV			2,238,193
	Fixed Charge Coverage		2.49x	Greater than 1.4x									Total Fixed Rate Debt					$	5,777,022		58.8%
	Maximum Secured Indebtedness		16.4%	Less than 50%
	Maximum Unencumbered Leverage Ratio		41.1%	Less than 60%									Floating Rate Debt
																Consolidated		$	2,353,927
	Unsecured Notes Covenants														SLG Share of JV			1,692,277
			Actual	Required														4,046,204			41.2%
	Total Debt / Total Assets		39.8%	Less than 60%								Debt & Preferred Equity and Other Investments						(1,019,740		)	(10.4)%
	Secured Debt / Total Assets		21.8%	Less than 40%									Total Floating Rate Debt					$	3,026,464		30.8%
	Debt Service Coverage		2.80x	Greater than 1.5x
	Unencumbered Assets / Unsecured Debt		305.5%	Greater than 150%												Total Debt		$	9,823,226

Supplemental Information 25 Third Quarter 2019

SUMMARY OF GROUND LEASE ARRANGEMENTS Unaudited (Dollars in Thousands)

	2019 Scheduled			2020 Scheduled			2021 Scheduled			2022 Scheduled					Lease		Year of Final
Property	Cash Payment			Cash Payment			Cash Payment			Cash Payment				Liabilities(1)			Expiration(2)
Consolidated Ground Lease Arrangements
Operating Leases
1185 Avenue of the Americas		$	6,909		$	6,909		$	6,909		$	6,909			$	96,228	2043
625 Madison Avenue		4,613			4,613			4,613			2,306		(3)		12,024		2054
420 Lexington Avenue		10,899			11,174			11,199			11,199				181,525		2080
711 Third Avenue		5,500			5,500			5,500			5,500				56,291		2083	(4)
461 Fifth Avenue		2,100			2,100			2,250			2,400				15,331		2084	(5)
1055 Washington Blvd, Stamford		615			615			615			615				10,093		2090
1080 Amsterdam Avenue		226			314			314			314				7,228		2111
30 East 40th Street		204			212			229			229				5,308		2114
Other		41			71			73			76				633		Various
Total		$	31,107		$	31,508		$	31,702		$	29,548			$	384,661
Financing Leases
1080 Amsterdam Avenue		$	315		$	436		$	436		$	436			$	22,297	2111
30 East 40th Street		2,096			2,183			2,358			2,358				21,954		2114
Total		$	2,411		$	2,619		$	2,794		$	2,794			$	44,251
Unconsolidated Joint Venture Ground Lease Arrangements (SLG Share)
Operating Leases
650 Fifth Avenue (Floors 4-6)		$	1,645		$	1,645		$	1,659		$	1,790			$	18,783	2053
650 Fifth Avenue (Floors b-3)		1,284			1,284			1,284			1,283				27,406		2062
1560 Broadway		6,491			6,811			6,861			6,861				76,775		2114
333 East 22nd Street		217			217			222			238				5,251		2115
Total		$	9,637		$	9,957		$	10,026		$	10,172			$	128,215
Financing Leases
650 Fifth Avenue (Floors b-3)		$	6,695		$	6,695		$	6,695		$	6,695			$	97,056	2062
2 Herald Square		6,765			6,934			7,107			7,285				226,033		2077	(5)
Total		$	13,460		$	13,629		$	13,802		$	13,980			$	323,089
(1) Per the balance sheet at September 30, 2019.
(2) Reflects exercise of all available renewal options.
(3) Reflects known cash payments through ground rent reset date.
(4) Reflects 50% of the annual ground rent payment as the Company owns 50% of the fee interest.
(5) The Company has an option to purchase the ground lease for a fixed price on a specific date.

Supplemental Information 26 Third Quarter 2019

DEBT AND PREFERRED EQUITY INVESTMENTS Unaudited (Dollars in Thousands)

						Weighted Average Book			Weighted Average		Weighted Average Yield
	Book Value(1)					Value During Quarter			Yield During Quarter(2)		At End Of Quarter(3)
9/30/2018		$	1,977,057				$	2,072,310		8.70%		8.68%
Debt investment originations/fundings/accretion(4)		171,832
Preferred Equity investment originations/accretion(4)		145,399
Redemptions/Sales/Syndications/Amortization		(194,895		)
12/31/2018		$	2,099,393				$	2,053,913		8.88%		9.01%
Debt investment originations/fundings/accretion(4)		436,819
Preferred Equity investment originations/accretion(4)		3,416
Redemptions/Sales/Syndications/Amortization		(267,387		)
3/31/2019		$	2,272,241				$	2,239,180		8.76%		8.78%
Debt investment originations/fundings/accretion(4)		98,878
Preferred Equity investment originations/accretion(4)		3,807
Redemptions/Sales/Syndications/Amortization		(146,014		)
6/30/2019		$	2,228,912				$	2,216,132		8.99%		9.05%
Debt investment originations/fundings/accretion(4)		33,009
Preferred Equity investment originations/accretion(4)		3,746
Redemptions/Sales/Syndications/Amortization		(311,111		)
9/30/2019		$	1,954,556		(5)		$	2,115,865		9.05%		8.96%
(1) Net of unamortized fees, discounts, and premiums.
(2) Excludes accelerated fee income resulting from early repayment.
(3) Calculated based on accounting income, which includes cash interest, paid-in-kind interest, fee accrual and amortization of discounts, recognized in the last month of the quarter, excluding accelerated fee income resulting from early repayment.
(4) Includes funded future funding obligations, amortization of fees and discounts and paid-in-kind investment income.
(5) Excludes debt and preferred equity investments totaling $34.6 million with a weighted average current yield of 6.56% that are included in other balance sheet line items.

Supplemental Information 27 Third Quarter 2019

DEBT AND PREFERRED EQUITY INVESTMENTS Unaudited (Dollars in Thousands, Except Per Square Foot Amounts)

	Book Value							Senior		Weighted Average			Weighted Average		Weighted Average Yield
Type of Investment	Floating rate		Fixed rate		Total			Financing		Exposure PSF			Yield During Quarter(1)		At End Of Quarter(2)
Senior Mortgage Debt	$	446,827	$	930	$	447,757		$	—		$	539		7.44%		7.58%
Junior Mortgage Participation	31,953		—		31,953			100,000			$	6,746		10.94%		8.61%
Mezzanine Debt	540,960		693,377		1,234,337			6,484,666			$	911		9.60%		9.37%
Preferred Equity	—		240,509		240,509			272,000			$	812		9.47%		9.51%
Balance as of 9/30/19	$	1,019,740	$	934,816	$	1,954,556	(3)	$	6,856,666		$	909		9.05%		8.96%
(1) Excludes accelerated fee income resulting from early repayment.
(2) Calculated based on accounting income, which includes cash interest, paid-in-kind interest, fee accrual and amortization of discounts, recognized in the last month of the quarter, excluding accelerated fee income resulting from early repayment.
(3) Net of unamortized fees, discounts, and premiums. Excludes debt and preferred equity investments totaling $34.6 million with a weighted average current yield of 6.56% that are included in other balance sheet line items.

	Debt and Preferred Equity Principal Maturity Profile (1)
	2019	2020	2021	2022	2023 & Thereafter
Floating Rate	135,630	498,759	385,352	—	—
Fixed Rate	—	419,283	3,500	210,539	301,493
Sub-total	135,630	918,042	388,852	210,539	301,493
(1) The weighted average maturity of the outstanding balance is 1.61 years. Approximately 57.0% of our portfolio of investments have extension options, some of which may be subject to certain conditions for extension. The weighted average fully extended maturity of the outstanding balance is 2.67 years.

Supplemental Information 28 Third Quarter 2019

10 LARGEST DEBT AND PREFERRED EQUITY INVESTMENTS Unaudited (Dollars in Thousands, Except Per Square Foot Amounts)

	Book Value (1)			Property		Senior					Yield At End
Investment Type		9/30/2019		Type	Location	Financing		Last $ PSF(2)			Of Quarter(3)
Mezzanine Loan		$	220,321	Office	Manhattan	$	1,160,000		$	1,202	9.32%
Mezzanine Loan		211,105		Fee	Manhattan	323,003			$	916	8.58%
Mortgage and Mezzanine Loans		194,545		Residential	Manhattan	—			$	832	7.15%
Mezzanine Loan and Preferred Equity		152,145		Office	Manhattan	1,768,000			$	1,044	11.03%
Preferred Equity		143,614		Office	Manhattan	272,000			$	655	7.06%
Mortgage and Mezzanine Loans		98,960		Office	Manhattan	402,237			$	88	12.47%
Mortgage and Mezzanine Loans		94,730		Multi-Family Rental	Manhattan	579,997			$	947	9.55%
Mezzanine Loan		92,922		Office	Manhattan	—			$	305	5.22%
Mezzanine Loan		92,185		Residential	Manhattan	—			$	854	11.12%
Mortgage Loan		69,661		Multi-Family Rental	Brooklyn	—			$	115	9.93%
Total		$	1,370,188			$	4,505,237				8.97%
(1) Net of unamortized fees, discounts, and premiums.
(2) Reflects the last dollar of exposure to the Company's most junior position.
(3) Calculated based on accounting income, which includes cash interest, paid-in-kind interest, fee accrual and amortization of discounts, recognized in the last month of the quarter.

Supplemental Information 29 Third Quarter 2019

SELECTED PROPERTY DATA Manhattan Operating Properties Unaudited (Dollars in Thousands)

	Ownership			# of	Usable	% of Total		Occupancy (%)										Annualized		Annualized Cash Rent		Total
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet	Sq. Feet		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Cash Rent ($'s)		100%	SLG%	Tenants
CONSOLIDATED PROPERTIES
"Same Store"
30 East 40th Street	60.0	Grand Central South	Leasehold Interest	1	69,446	0.3		93.9		93.9		94.9		94.3		92.9			$5,132		0.2	56
100 Church Street	100.0	Downtown	Fee Interest	1	1,047,500	4.0		99.3		99.3		99.6		99.6		99.6		48,295		5.4	3.7	19
110 East 42nd Street	100.0	Grand Central	Fee Interest	1	215,400	0.8		84.9		84.0		85.4		79.2		77.5		11,424		1.3	0.9	26
110 Greene Street	100.0	Soho	Fee Interest	1	223,600	0.9		93.1		93.3		90.3		77.3		83.0		15,725		1.8	1.2	61
125 Park Avenue	100.0	Grand Central	Fee Interest	1	604,245	2.3		95.6		95.5		94.5		99.5		99.6		43,655		4.9	3.3	26
220 East 42nd Street	100.0	Grand Central	Fee Interest	1	1,135,000	4.4		97.0		90.9		90.9		88.8		89.3		68,274		7.6	5.2	37
304 Park Avenue South	100.0	Midtown South	Fee Interest	1	215,000	0.8		96.1		100.0		97.8		100.0		91.9		15,206		1.7	1.2	8
420 Lexington Ave (Graybar)	100.0	Grand Central North	Leasehold Interest	1	1,188,000	4.6		91.2		93.0		93.1		95.7		95.4		81,000		9.0	6.2	191
461 Fifth Avenue	100.0	Midtown	Leasehold Interest (1)	1	200,000	0.8		90.6		82.2		79.0		79.0		79.0		17,449		1.9	1.3	12
485 Lexington Avenue	100.0	Grand Central North	Fee Interest	1	921,000	3.6		84.2		84.2		84.2		81.0		81.0		57,522		6.4	4.4	29
555 West 57th Street	100.0	Midtown West	Fee Interest	1	941,000	3.6		99.9		99.9		99.9		99.9		99.9		45,916		5.1	3.5	9
625 Madison Avenue	100.0	Plaza District	Leasehold Interest	1	563,000	2.2		97.1		97.1		98.0		98.8		98.8		58,881		6.6	4.5	22
635 Sixth Avenue	100.0	Midtown South	Fee Interest	1	104,000	0.4		100.0		100.0		100.0		100.0		100.0		10,112		1.1	0.8	2
641 Sixth Avenue	100.0	Midtown South	Fee Interest	1	163,000	0.6		100.0		100.0		100.0		100.0		100.0		15,474		1.7	1.2	6
711 Third Avenue	100.0 (2)	Grand Central North	Leasehold Interest (2)	1	524,000	2.0		97.0		97.0		97.0		93.7		90.3		36,358		4.1	2.8	22
750 Third Avenue	100.0	Grand Central North	Fee Interest	1	780,000	3.0		92.7		92.7		93.3		98.0		96.5		46,899		5.2	3.6	28
810 Seventh Avenue	100.0	Times Square	Fee Interest	1	692,000	2.7		94.1		93.8		97.6		97.6		94.2		48,028		5.4	3.7	48
1185 Avenue of the Americas	100.0	Rockefeller Center	Leasehold Interest	1	1,062,000	4.1		92.7		92.7		85.6		85.5		82.2		94,611		10.5	7.2	14
1350 Avenue of the Americas	100.0	Rockefeller Center	Fee Interest	1	562,000	2.2		91.0		91.2		89.5		89.8		88.5		42,553		4.7	3.3	41
1 Madison Avenue	100.0	Park Avenue South	Fee Interest	1	1,176,900	4.5		100.0		100.0		100.0		100.0		100.0		74,842		8.3	5.7	3
Subtotal / Weighted Average				20	12,387,091	47.8	%	94.7	%	94.2	%	93.7	%	93.7	%	92.8	%		$837,357	92.8%	64.0%	660
Total / Weighted Average Consolidated Properties				20	12,387,091	47.8	%	94.7	%	94.2	%	93.7	%	93.7	%	92.8	%		$837,357	92.8%	64.0%	660
UNCONSOLIDATED PROPERTIES
"Same Store"
10 East 53rd Street	55.0	Plaza District	Fee Interest	1	354,300	1.4		94.3		95.4		95.4		83.7		83.7			$32,248		1.4	39
11 Madison Avenue	60.0	Park Avenue South	Fee Interest	1	2,314,000	8.9		95.7		95.7		100.0		100.0		100.0		153,137			7.0	10
100 Park Avenue	50.0	Grand Central South	Fee Interest	1	834,000	3.2		81.3		78.6		79.0		90.0		91.2		57,209			2.2	33
280 Park Avenue	50.0	Park Avenue	Fee Interest	1	1,219,158	4.7		88.0		91.1		89.5		89.5		92.8		116,407			4.5	36
800 Third Avenue	60.5	Grand Central North	Fee Interest	1	526,000	2.0		96.5		91.9		93.1		93.1		92.4		38,691			1.8	40
919 Third Avenue	51.0	Grand Central North	Fee Interest	1	1,454,000	5.6		100.0		100.0		100.0		100.0		100.0		101,087			4.0	9
Added to Same Store in 2019
55 West 46th Street - Tower 46	25.0	Midtown	Fee Interest	1	347,000	1.3		86.5		86.5		73.5		72.1		62.4		25,464			0.5	14
1515 Broadway	57.0	Times Square	Fee Interest	1	1,750,000	6.8		94.9		94.9		98.5		98.5		98.5		133,644			5.8	12
Worldwide Plaza	24.4	Westside	Fee Interest	1	2,048,725	7.9		96.8		96.8		96.9		96.9		98.5		143,739			2.7	25
Subtotal / Weighted Average				9	10,847,183	41.9	%	94.1	%	94.0	%	95.0	%	95.5	%	95.9	%		$801,627		29.8%	218
"Non Same Store"
2 Herald Square	51.0	Herald Square	Leasehold Interest	1	369,000	1.4		81.9		73.6		73.6		73.4		81.6			$31,848		1.2	4
Subtotal / Weighted Average				1	369,000	1.4	%	81.9	%	73.6	%	73.6	%	73.4	%	81.6	%		$31,848		1.2%	4
Total / Weighted Average Unconsolidated Properties				10	11,216,183	43.3	%	93.7	%	93.4	%	94.3	%	94.7	%	95.4	%		$833,476		31.0%	222
Manhattan Operating Properties Grand Total / Weighted Average				30	23,603,274	91.1	%	94.2	%	93.8	%	94.0	%	94.2	%	94.1	%		$1,670,832			882
Manhattan Operating Properties Grand Total - SLG share of Annualized Rent																			$1,240,480		95.0%
Manhattan Operating Properties Same Store Occupancy %					23,234,274	98.4	%	94.4	%	94.1	%	94.3	%	94.5	%	94.3	%
Manhattan Operating Properties Same Store Leased Occupancy %								95.3	%	95.2	%	95.8	%	96.0	%	96.1	%
(1) The Company has an option to acquire the fee interest for a fixed price on a specific date.
(2) The Company owns 50% of the fee interest.

Supplemental Information 30 Third Quarter 2019

SELECTED PROPERTY DATA Suburban Operating Properties Unaudited (Dollars in Thousands)

	Ownership			# of	Usable	% of Total		Occupancy (%)										Annualized		Annualized Cash Rent				Total
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet	Sq. Feet		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Cash Rent ($'s)		100%		SLG%		Tenants
CONSOLIDATED PROPERTIES
"Same Store" Westchester, New York
100 Summit Lake Drive	100.0	Valhalla, New York	Fee Interest	1	250,000	1.0		98.1		97.5		97.5		97.5		92.9			$6,415	0.7		0.5		16
200 Summit Lake Drive	100.0	Valhalla, New York	Fee Interest	1	245,000	0.9		90.0		90.0		86.1		86.1		87.3		5,604		0.6		0.4		7
500 Summit Lake Drive	100.0	Valhalla, New York	Fee Interest	1	228,000	0.9		99.9		99.9		99.9		99.9		100.0		6,298		0.7		0.5		9
360 Hamilton Avenue	100.0	White Plains, New York	Fee Interest	1	384,000	1.5		91.9		91.9		97.3		100.0		100.0		14,862		1.7		1.1		21
"Same Store" Westchester, New York Subtotal/Weighted Average				4	1,107,000	4.3	%	94.5	%	94.4	%	95.4	%	96.3	%	95.6	%		$33,180	3.7	%	2.5	%	53
"Same Store" Connecticut
1 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	312,000	1.2		83.8		84.3		85.9		88.4		87.7			$8,694	1.0		0.7		56
2 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	46,000	0.2		99.5		99.5		99.5		99.5		97.0		1,185		0.1		0.1		9
3 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	130,000	0.5		59.2		59.2		57.8		58.0		70.9		2,713		0.3		0.2		17
4 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	105,000	0.4		86.2		86.4		88.0		85.3		85.3		2,805		0.3		0.2		14
5 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	61,000	0.2		99.4		99.3		98.6		98.6		98.6		1,053		0.1		0.1		11
6 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	172,000	0.7		93.7		93.7		93.7		93.7		93.7		4,288		0.5		0.3		7
7 Landmark Square	100.0	Stamford, Connecticut	Fee Interest	1	36,800	0.1		100.0		100.0		100.0		100.0		100.0		770		0.1		0.1		2
1055 Washington Boulevard	100.0	Stamford, Connecticut	Leasehold Interest	1	182,000	0.7		88.5		88.5		85.5		85.5		85.5		6,137		0.7		0.5		25
1010 Washington Boulevard	100.0	Stamford, Connecticut	Fee Interest	1	143,400	0.6		78.2		87.0		87.0		89.7		90.4		3,861		0.4		0.3		23
"Same Store" Connecticut Subtotal/Weighted Average				9	1,188,200	4.6	%	84.7	%	85.9	%	85.8	%	86.6	%	87.8	%		$31,504	3.5	%	2.4	%	164
Total / Weighted Average Consolidated Properties				13	2,295,200	8.9	%	89.4	%	90.0	%	90.4	%	91.3	%	91.6	%		$64,684	7.2	%	5.0	%	217
Suburban Operating Properties Grand Total / Weighted Average				13	2,295,200	8.9	%	89.4	%	90.0	%	90.4	%	91.3	%	91.6	%		$64,684					217
Suburban Operating Properties Grand Total - SLG share of Annualized Rent																			$64,684			5.0	%
Suburban Operating Properties Same Store Occupancy %					2,295,200	100.0	%	89.4	%	90.0	%	90.4	%	91.3	%	91.6	%
Suburban Operating Properties Same Store Leased Occupancy %								89.6	%	90.0	%	91.1	%	91.8	%	92.1	%

Supplemental Information 31 Third Quarter 2019

SELECTED PROPERTY DATA Retail and Residential Operating Properties Unaudited (Dollars in Thousands)

	Ownership			# of	Usable	% of Total		Occupancy (%)										Annualized		Annualized			Total
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet	Sq. Feet		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Cash Rent ($'s)		Cash Rent (SLG%)			Tenants
"Same Store" Retail
11 West 34th Street	30.0	Herald Square/Penn Station	Fee Interest	1	17,150	2.6		100.0		100.0		100.0		100.0		100.0			$3,013	1.1			1
21 East 66th Street	32.3	Plaza District	Fee Interest	1	13,069	2.0		100.0		100.0		100.0		100.0		100.0		3,815		1.4			1
121 Greene Street	50.0	Soho	Fee Interest	1	7,131	1.1		100.0		100.0		100.0		100.0		100.0		1,711		1.0			2
315 West 33rd Street - The Olivia	100.0	Penn Station	Fee Interest	1	270,132	40.8		100.0		100.0		100.0		100.0		99.4		16,818		19.6			10
717 Fifth Avenue	10.9	Midtown/Plaza District	Fee Interest	1	119,550	18.1		100.0		100.0		100.0		100.0		100.0		53,619		6.8			6
752-760 Madison Avenue	100.0	Plaza District	Fee Interest	1	21,124	3.2		100.0		100.0		100.0		100.0		100.0		16,053		18.7			1
762 Madison Avenue	90.0	Plaza District	Fee Interest	1	6,109	0.9		100.0		100.0		100.0		100.0		100.0		1,983		2.1			5
Williamsburg Terrace	100.0	Brooklyn, New York	Fee Interest	1	52,000	7.9		100.0		100.0		100.0		100.0		100.0		1,801		2.1			3
1552-1560 Broadway	50.0	Times Square	Fee Interest	2	57,718	8.7		88.3		88.3		88.3		88.3		88.3		29,115		16.9			3
Subtotal/Weighted Average				10	563,983	85.3	%	98.8	%	98.8	%	98.8	%	98.8	%	98.5	%		$127,927	69.6		%	32
"Non Same Store" Retail
115 Spring Street	51.0	Soho	Fee Interest	1	5,218	0.8		100.0		100.0		100.0		100.0		100.0			$3,610	2.1			1
133 Greene Street	100.0	Soho	Fee Interest	1	6,425	1.0		100.0		100.0		100.0		100.0		N/A		590		0.7			1
650 Fifth Avenue	50.0	Plaza District	Leasehold Interest	1	69,214	10.5		100.0		100.0		100.0		100.0		100.0		34,186		19.9			1
712 Madison Avenue	100.0	Plaza District	Fee Interest	1	6,600	1.0		100.0		100.0		100.0		100.0		N/A		3,512		4.1			1
719 Seventh Avenue	75.0	Times Square	Fee Interest	1	10,040	1.5		100.0		100.0		100.0		100.0		100.0		4,127		3.6			1
Subtotal/Weighted Average				5	97,497	14.7	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%		$46,025	30.4		%	5
Total / Weighted Average Retail Properties				15	661,480	100.0	%	99.0	%	99.0	%	99.0	%	99.0	%	98.7	%		$173,952	100.0		%	37
Residential Properties
	Ownership			# of	Useable	Total		Occupancy (%)										Average Monthly (1)		Annualized			Annualized
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet	Units		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Rent Per Unit ($'s)		Cash Rent ($'s)			Cash Rent (SLG %)
"Same Store" Residential
315 West 33rd Street - "The Olivia"	100.0	Penn Station	Fee Interest		222,855	333		97.3		94.9		96.1		96.1		95.8			$4,265		$16,530		38.3
400 East 57th Street	41.0	Upper East Side	Fee Interest	1	290,482	263		92.4		95.8		95.4		92.8		91.6		3,778		12,547			11.9
400 East 58th Street	90.0	Upper East Side	Fee Interest	1	140,000	126		93.7		93.7		96.8		95.2		95.2		3,679		5,721			11.9
1080 Amsterdam	92.5	Upper West Side	Leasehold Interest	1	82,250	97		100.0		92.7		90.6		94.8		99.0		4,206		5,171			11.1
Stonehenge Portfolio	Various		Fee Interest	6	445,934	538		95.9		96.1		94.8		94.3		95.4		3,873		27,287			1.7
605 West 42nd Street - Sky	20.0	Westside	Fee Interest	1	927,358	1,175		94.3		93.5		90.9		86.0		88.9		3,624		54,132			25.1
Subtotal/Weighted Average				10	2,108,879	2,532		95.0	%	94.5	%	93.2	%	90.6	%	92.2	%		$3,806		$121,388		100.0	%
Total / Weighted Average Residential Properties				10	2,108,879	2,532		95.0	%	94.5	%	93.2	%	90.6	%	92.2	%		$3,806	$121,388
(1) Calculated based on occupied units. Amounts in dollars.

Supplemental Information 32 Third Quarter 2019

SELECTED PROPERTY DATA Development / Redevelopment and Construction in Progress Unaudited (Dollars in Thousands)

	Ownership			# of	Usable	% of Total		Occupancy (%)										Annualized		Annualized		Gross R/E		Total
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet	Sq. Feet		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Cash Rent ($'s)		Cash Rent (SLG%)		Book Value		Tenants
Development / Redevelopment
19-21 East 65th Street	100.0	Plaza District	Fee Interest	2	23,610	2.7		3.6		3.6		3.6		18.0		17.0			$31	0.1			$10,358	1
106 Spring Street	100.0	Soho	Fee Interest	1	5,928	0.7		—		—		N/A		N/A		N/A		—		—		80,197		—
460 West 34th Street	70.9	Hudson Yards	Fee Interest	1	638,000	73.2		73.8		76.3		N/A		N/A		N/A		15,340		29.8		456,045		17
562 Fifth Avenue (1)	100.0	Plaza District	Fee Interest	1	42,635	4.9		100.0		100.0		100.0		100.0		100.0		4,500		12.3		68,753		1
609 Fifth Avenue	100.0	Rockefeller Center	Fee Interest	1	160,000	18.4		100.0		96.0		96.0		96.0		—		21,119		57.8		265,812		3
1640 Flatbush Avenue	100.0	Brooklyn, New York	Fee Interest	1	1,000	0.1		—		—		—		—		—		—		—		7,374		—
Total / Weighted Average Development / Redevelopment Properties				7	871,173	100.0	%	77.4	%	78.5	%	86.7	%	88.2	%	20.5	%		$40,990	100.0	%		$888,539	22
(1) Subject to a long-term, third party net operating lease. The lease contains a property purchase option for $100.0 million with annual escalations in the purchase price starting in December 2018.

Construction in Progress
									Future Equity
					Land Contributed		Equity Contributed		Contributions		Financing		Total
Building	Gross	Ownership	Estimated	Percentage		Market							Development
Address	Sq. Feet	Interest (%)	Occupancy	Leased	Cost	Value Adj	Company	Partners	Company	Partners	Drawn	Available	Budget
One Vanderbilt	1,730,989	71.0	Q3 2020	59.0	$331,490	$235,946	$540,051	$452,513	—	—	$619,258	$1,130,742	$3,310,000 (1)
185 Broadway	259,856	100.0	Q2 2021	—	39,167	—	3,639	—	43,594	—	115,886	109,114	311,400
Total Construction In Progress					$370,657	$235,946	$543,690	$452,513	$43,594	—	$735,144	$1,239,856	$3,621,400
(1) Includes joint venture fees paid to the Company, including development and financing fees, direct personnel expense and leasing commissions, $66.8 million of which have been funded as of September 30, 2019. Also includes up to $50.0 million of additional discretionary owner contingencies.

Supplemental Information 33 Third Quarter 2019

SELECTED PROPERTY DATA Retail Operating and Development / Redevelopment Properties Unaudited (Dollars in Thousands)

	Ownership			# of	Usable	% of Total		Occupancy (%)										Annualized Retail		Annualized Retail Cash Rent				Total
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet	Sq. Feet		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Cash Rent ($'s)		100%		SLG		Tenants
HIGH STREET RETAIL - Consolidated Properties
106 Spring Street (1)	100.0	Soho	Fee Interest	1	5,928	0.3		—		—		N/A		N/A		N/A			$—	—		—		—
133 Greene Street	100.0	Soho	Fee Interest	1	6,425	0.4		100.0		100.0		100.0		100.0		N/A		590		0.2		0.3		1
315 West 33rd Street - "The Olivia"	100.0	Penn Station	Fee Interest	1	217,519	12.3		100.0		100.0		100.0		100.0		99.4		13,164		4.0		6.4		9
712 Madison Avenue	100.0	Plaza District	Fee Interest	1	6,600	0.4		100.0		100.0		100.0		100.0		N/A		3,512		1.1		1.7		1
719 Seventh Avenue	75.0	Times Square	Fee Interest	1	10,040	0.6		100.0		100.0		100.0		100.0		100.0		4,127		1.3		1.5		1
752-760 Madison Avenue	100.0	Plaza District	Fee Interest	1	21,124	1.2		100.0		100.0		100.0		100.0		100.0		16,053		4.9		7.8		1
762 Madison Avenue	90.0	Plaza District	Fee Interest	1	6,109	0.3		100.0		100.0		100.0		100.0		100.0		1,983		0.6		0.9		5
Williamsburg Terrace	100.0	Brooklyn, New York	Fee Interest	1	52,000	2.9		100.0		100.0		100.0		100.0		100.0		1,801		0.5		0.9		3
1640 Flatbush Avenue (1)	100.0	Brooklyn, New York	Fee Interest	1	1,000	0.1		—		—		—		—		—		—		—		—		—
Subtotal / Weighted Average				9	326,745	18.5	%	97.9	%	97.9	%	97.9	%	99.7	%	99.3	%		$41,230	12.6	%	19.5	%	21
HIGH STREET RETAIL - Unconsolidated Properties
11 West 34th Street	30.0	Herald Square/Penn Station	Fee Interest	1	17,150	1.0		100.0		100.0		100.0		100.0		100.0			$3,013	0.9		0.4		1
21 East 66th Street	32.3	Plaza District	Fee Interest	1	13,069	0.7		100.0		100.0		100.0		100.0		100.0		3,815		1.2		0.6		1
115 Spring Street	51.0	Soho	Fee Interest	1	5,218	0.3		100.0		100.0		100.0		100.0		100.0		3,610		1.1		0.9		1
121 Greene Street	50.0	Soho	Fee Interest	1	7,131	0.4		100.0		100.0		100.0		100.0		100.0		1,711		0.5		0.4		2
650 Fifth Avenue	50.0	Plaza District	Leasehold Interest	1	69,214	3.9		100.0		100.0		100.0		100.0		100.0		34,186		10.4		8.3		1
717 Fifth Avenue	10.9	Midtown/Plaza District	Fee Interest	1	119,550	6.8		100.0		100.0		100.0		100.0		100.0		53,619		16.4		2.8		6
1552-1560 Broadway	50.0	Times Square	Fee Interest	2	57,718	3.3		88.3		88.3		88.3		88.3		88.3		29,115		8.9		7.1		3
Subtotal / Weighted Average				8	289,050	16.4	%	97.7	%	97.7	%	97.7	%	97.7	%	97.7	%		$129,069	39.4	%	20.6	%	15
Total / Weighted Average Prime Retail				17	615,795	34.9	%	97.8	%	97.8	%	98.7	%	98.7	%	98.5	%		$170,299	52.0	%	40.1	%	36
OTHER RETAIL - Consolidated Properties
30 East 40th Street	60.0	Grand Central South	Leasehold Interest	1	4,461	0.3		81.1		81.1		81.1		81.1		100.0			$465	0.1		0.1		4
100 Church Street	100.0	Downtown	Fee Interest	1	61,708	3.5		100.0		100.0		100.0		100.0		100.0		3,551		1.1		1.7		9
110 Greene Street	100.0	Soho	Fee Interest	1	16,121	0.9		86.8		86.8		86.8		98.7		98.7		2,672		0.8		1.3		3
125 Park Avenue	100.0	Grand Central	Fee Interest	1	32,124	1.8		100.0		100.0		79.9		100.0		100.0		4,969		1.5		2.4		7
220 East 42nd Street	100.0	Grand Central	Fee Interest	1	35,332	2.0		85.6		85.6		85.6		85.6		85.6		2,927		0.9		1.4		5
304 Park Avenue South	100.0	Midtown South	Fee Interest	1	25,330	1.4		66.9		100.0		100.0		100.0		100.0		2,188		0.7		1.1		4
400 East 58th Street	90.0	Upper East Side	Fee Interest	1	3,156	0.2		100.0		100.0		100.0		100.0		100.0		556		0.2		0.2		5
420 Lexington Ave (Graybar)	100.0	Grand Central North	Leasehold Interest	1	45,263	2.6		90.3		90.3		100.0		100.0		100.0		3,882		1.2		1.9		5
461 Fifth Avenue	100.0	Midtown	Leasehold Interest	1	16,248	0.9		100.0		100.0		100.0		100.0		100.0		2,403		0.7		1.2		2
485 Lexington Avenue	100.0	Grand Central North	Fee Interest	1	41,701	2.4		100.0		100.0		100.0		100.0		100.0		5,924		1.8		2.9		8
555 West 57th Street	100.0	Midtown West	Fee Interest	1	60,389	3.4		100.0		100.0		100.0		100.0		100.0		2,161		0.7		1.1		2
609 Fifth Avenue (1)	100.0	Rockefeller Center	Fee Interest	1	26,811	1.5		100.0		100.0		89.2		89.2		—		9,895		3.0		4.8		2
625 Madison Avenue	100.0	Plaza District	Leasehold Interest	1	74,937	4.2		91.3		91.3		100.0		100.0		100.0		17,648		5.4		8.6		18
635 Sixth Avenue	100.0	Midtown South	Fee Interest	1	23,250	1.3		100.0		100.0		100.0		100.0		100.0		3,500		1.1		1.7		1
641 Sixth Avenue	100.0	Midtown South	Fee Interest	1	28,500	1.6		100.0		100.0		100.0		100.0		100.0		3,839		1.2		1.9		2
711 Third Avenue	100.0	Grand Central North	Leasehold Interest	1	25,639	1.5		100.0		100.0		100.0		100.0		100.0		3,186		1.0		1.6		3
750 Third Avenue	100.0	Grand Central North	Fee Interest	1	24,827	1.4		72.3		72.3		72.3		72.3		72.3		2,595		0.8		1.3		6
810 Seventh Avenue	100.0	Times Square	Fee Interest	1	18,207	1.0		100.0		100.0		100.0		100.0		100.0		4,335		1.3		2.1		4
1080 Amsterdam	92.5	Upper West Side	Leasehold Interest	1	1,800	0.1		100.0		100.0		100.0		100.0		100.0		292		0.1		0.1		1
1185 Avenue of the Americas	100.0	Rockefeller Center	Leasehold Interest	1	37,326	2.1		100.0		100.0		100.0		100.0		100.0		6,834		2.1		3.3		5
1350 Avenue of the Americas	100.0	Rockefeller Center	Fee Interest	1	17,797	1.0		62.6		100.0		100.0		100.0		100.0		2,387		0.7		1.2		5
Subtotal / Weighted Average				21	620,927	35.2	%	93.4	%	95.8	%	96.1	%	97.4	%	93.7	%		$86,210	26.3	%	41.8	%	101
(1) Development / Redevelopment properties.

Supplemental Information 34 Third Quarter 2019

SELECTED PROPERTY DATA - CONTINUED Retail Operating and Development / Redevelopment Properties Unaudited (Dollars in Thousands)

	Ownership			# of	Usable		% of Total		Occupancy (%)										Annualized Retail		Annualized Retail Cash Rent				Total
Properties	Interest (%)	SubMarket	Ownership	Bldgs	Sq. Feet		Sq. Feet		Sep-19		Jun-19		Mar-19		Dec-18		Sep-18		Cash Rent ($'s)		100%		SLG		Tenants
OTHER RETAIL - Unconsolidated Properties
2 Herald Square	51.0	Herald Square	Leasehold Interest	1	94,531		5.4		60.6		60.6		60.6		59.9		59.9		$14,278		4.4		3.5		2
10 East 53rd Street	55.0	Plaza District	Fee Interest	1	39,340		2.2		100.0		100.0		100.0		100.0		100.0		3,604		1.1		1.0		3
11 Madison Avenue	60.0	Park Avenue South	Fee Interest	1	38,800		2.2		100.0		98.7		98.7		98.7		98.7		3,900		1.2		1.1		5
55 West 46th Street	25.0	Midtown	Leasehold Interest	1	1,191		0.1		100.0		100.0		100.0		100.0		100.0		210		0.1		—		1
100 Park Avenue	50.0	Grand Central South	Fee Interest	1	40,022		2.3		100.0		100.0		100.0		100.0		100.0		3,812		1.2		0.9		9
280 Park Avenue	50.0	Park Avenue	Fee Interest	1	27,896		1.6		13.1		100.0		100.0		100.0		100.0		940		0.3		0.2		2
400 East 57th Street	41.0	Upper East Side	Fee Interest	1	9,717		0.6		66.6		66.6		75.4		75.4		75.4		1,576		0.5		0.3		8
460 West 34th Street (1)	70.9	Hudson Yards	Fee Interest	1	20,850		1.2		71.2		100.0		N/A		N/A		N/A		520		0.2		0.2		5
800 Third Avenue	60.5	Grand Central North	Fee Interest	1	9,900		0.6		100.0		100.0		100.0		100.0		100.0		1,942		0.6		0.6		2
919 Third Avenue	51.0	Grand Central North	Fee Interest	1	31,004		1.8		100.0		100.0		100.0		100.0		100.0		3,632		1.1		0.9		5
1515 Broadway	57.0	Times Square	Fee Interest	1	185,956		10.5		100.0		100.0		100.0		100.0		100.0		32,922		10.1		9.1		9
Worldwide Plaza	24.4	Westside	Fee Interest	1	10,592	(2)	0.6		100.0		100.0		97.2		97.2		97.2		1,447		0.4		0.2		8
Stonehenge Portfolio	Various		Fee Interest	2	19,231		1.1		87.0		87.0		88.9		88.9		83.1		2,285		0.7		0.0		8
Subtotal / Weighted Average				14	529,030		30.0	%	86.2	%	91.8	%	91.6	%	91.5	%	91.3	%		$71,065	21.7	%	18.1	%	67
Total / Weighted Average Other Retail				35	1,149,957		65.1	%	90.1	%	94.0	%	94.1	%	94.8	%	92.6	%		$157,275	48.0	%	59.9	%	168
Retail Grand Total / Weighted Average				52	1,765,752		100.0	%	92.8	%	95.3	%	95.7	%	96.2	%	94.6	%		$327,574	100.0	%			204
Retail Grand Total - SLG share of Annualized Rent																				$205,558			100.0	%
(1) Development / Redevelopment properties.
(2) Excludes the theater, parking garage, fitness gym and other amenity space totaling 241,371 square feet.

Supplemental Information 35 Third Quarter 2019

LARGEST TENANTS BY SLG SHARE OF ANNUALIZED CASH RENT Manhattan, Suburban, Retail, Residential and Development / Redevelopment Properties Unaudited (Dollars in Thousands Except Per SF)

		Ownership	Lease	Total Rentable	Annualized		SLG Share of		% of SLG Share of	Annualized	Credit
Tenant Name	Property	Interest %	Expiration	Square Feet	Cash Rent		Annualized Cash Rent ($)		Annualized Cash Rent (2)	Rent PSF	Rating (1)
Credit Suisse Securities (USA), Inc.	1 Madison Avenue	100.0	Dec 2020	1,142,091		$72,529		$72,529	4.9%	$63.51
	11 Madison Avenue	60.0	May 2037	1,265,841	78,881		47,328		3.2%	62.31
	1055 Washington Blvd	100.0	Jan 2022	2,525	100		100		—%	39.60
				2,410,457	$151,510		$119,957		8.1%	$62.85	A+
Viacom International, Inc.	1515 Broadway	57.0	Jun 2031	1,470,289	94,011		53,586		3.6%	$63.94
			Mar 2028	9,106	1,928		1,099		0.1%	211.72
				1,479,395	$95,939		$54,685		3.7%	$64.85	BBB-
Ralph Lauren Corporation	625 Madison Avenue	100.0	Dec 2019	386,785	32,373		32,373		2.2%	$83.70	A-
Sony Corporation	11 Madison Avenue	60.0	Jan 2031	578,791	44,577		26,746		1.8%	$77.02	A-
Debevoise & Plimpton, LLP	919 Third Avenue	51.0	June 2022	577,438	47,434		24,191		1.6%	$82.14
King & Spalding	1185 Avenue of the Americas	100.0	Oct 2025	218,275	20,805		20,805		1.4%	$95.32
The City of New York	100 Church Street	100.0	Mar 2034	510,007	20,010		20,010		1.4%	$39.23
	420 Lexington Avenue	100.0	Oct 2030	4,077	281		281		0.1%	68.83
				514,084	$20,291		$20,291		1.5%	$39.47	Aa1
Visiting Nurse Service of New York	220 East 42nd Street	100.0	Sep 2048	308,115	18,933		18,933		1.3%	$61.45
Giorgio Armani Corporation	752-760 Madison Avenue	100.0	Dec 2024	21,124	16,053		16,053		1.1%	$759.92
	717 Fifth Avenue	10.9	Sep 2022	46,940	23,972		2,613		0.2%	$510.69
	762 Madison Avenue	90.0	Dec 2024	1,264	254		228		—%	$200.66
				69,328	$40,279		$18,894		1.3%	$580.98
Advance Magazine Group, Fairchild Publications	750 Third Avenue	100.0	Feb 2021	286,622	15,053		15,053		1.0%	$52.52
	485 Lexington Avenue	100.0	Feb 2021	52,573	3,705		3,705		0.3%	70.47
				339,195	$18,758		$18,758		1.3%	$55.30
Metro-North Commuter Railroad Company	420 Lexington Avenue	100.0	Nov 2034	334,654	18,034		18,034		1.2%	$53.89
	110 East 42nd Street	100.0	Oct 2021	1,840	130		130		—%	70.43
				336,494	$18,164		$18,164		1.2%	$53.98	Aaa
News America Incorporated	1185 Avenue of the Americas	100.0	Nov 2020	165,086	18,095		18,095		1.2%	$109.61	A
C.B.S. Broadcasting, Inc.	555 West 57th Street	100.0	Dec 2023	338,527	16,768		16,768		1.1%	$49.53
	Worldwide Plaza	24.35	Jan 2027	32,598	2,224		542		0.1%	$68.23
				371,125	$18,992		$17,310		1.2%	$51.17	BBB
Nike Retail Services, Inc.	650 Fifth Avenue	50.0	Jan 2033	69,214	34,186		17,093		1.2%	$493.91	AA-
Cravath, Swaine & Moore LLP	Worldwide Plaza	24.35	Aug 2024	617,135	67,019		16,319		1.1%	$108.60
Omnicom Group, Inc., Cardinia Real Estate	220 East 42nd Street	100.0	Apr 2032	231,114	14,869		14,869		1.0%	$64.34
	1055 Washington Blvd.	100.0	Oct 2028	23,800	863		863		0.1%	36.25
				254,914	$15,732		$15,732		1.1%	$61.71	BBB+
National Hockey League	1185 Avenue of the Americas	100.0	Nov 2022	148,217	15,571		15,571		1.1%	$105.06
WME IMG, LLC	304 Park Avenue	100.0	Apr 2028	134,475	9,417		9,417		0.6%	$70.03
	11 Madison Avenue	60.0	Sep 2030	103,426	9,136		5,482		0.4%	88.33
				237,901	$18,553		$14,899		1.0%	$77.99
Amerada Hess Corp.	1185 Avenue of the Americas	100.0	Dec 2027	167,169	14,833		14,833		1.0%	$88.73	BBB-
WeWork	609 Fifth Avenue	100.0	Apr 2035	138,563	11,224		11,224		0.8%	$81.00
	2 Herald Sqaure	51.0	Feb 2036	123,633	7,063		3,602		0.2%	57.13
				262,196	$18,287		$14,826		1.0%	$69.74
Total				9,511,314	$730,331		$518,475		35.3%	$76.78
(1) Corporate or bond rating from S&P or Moody's.
(2) SLG Share of Annualized Cash Rent includes Manhattan, Suburban, Retail, Residential, and Development / Redevelopment properties.

Supplemental Information 36 Third Quarter 2019

TENANT DIVERSIFICATION Based on SLG Share of Annualized Cash Rent Unaudited

Category		Manhattan Properties			Suburban Properties
Arts, Ent. & Recreation			4.6	%		—	%
Business Services			2.4	%		—	%
Financial Services			32.2	%		30.3	%
Government / Non Profit			3.7	%		1.1	%
Legal			8.8	%		15.6	%
Manufacturing			2.5	%		9.8	%
Medical			3.3	%		0.2	%
Other			5.1	%		6.2	%
Professional Services			7.2	%		12.0	%
Retail			11.0	%		1.0	%
TAMI
	Technology		1.8	%		7.5	%
	Advertising		3.5	%		—	%
	Media		13.7	%		16.3	%
	Information		0.2	%		—	%
Total			100.0	%		100.0	%

Supplemental Information 37 Third Quarter 2019

LEASING ACTIVITY - MANHATTAN OPERATING PROPERTIES Available Space Unaudited

Activity	Building Address	# of Leases	Usable SF	Rentable SF	Escalated Rent/Rentable SF ($'s)(1)
Available Space at 6/30/19			1,460,517
Space which became available during the Quarter (2):
Office
	10 East 53rd Street	1	3,618	4,019		$100.98
	100 Park Avenue	2	6,517	4,978	92.40
	110 Greene Street	2	836	836	90.87
	125 Park Avenue	1	3,885	4,815	62.31
	280 Park Avenue	3	25,554	26,229	109.89
	420 Lexington Avenue	9	35,275	42,217	65.93
	800 Third Avenue	2	2,943	4,013	70.36
	810 Seventh Avenue	2	11,354	12,295	67.63
	2 Herald Square	1	27,130	27,892	90.54
	Total/Weighted Average	23	117,112	127,294		$82.85
Retail
	280 Park Avenue	1	27,799	24,249		$52.73
	304 Park Avenue South	2	8,310	8,380	181.37
	1350 Avenue of the Americas	1	5,204	6,652	82.90
	Total/Weighted Average	4	41,313	39,281		$85.28
Storage
	280 Park Avenue	1	142	142		$3.52
	420 Lexington Avenue	1	291	291	35.72
	Total/Weighted Average	2	433	433		$25.16
	Total Space which became available during the quarter
	Office	23	117,112	127,294		$82.85
	Retail	4	41,313	39,281		$85.28
	Storage	2	433	433		$25.16
		29	158,858	167,008		$83.27
	Total Available Space		1,619,375
(1) Escalated rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.
(2) Includes expiring space, relocating tenants and move-outs where tenants vacated. Excludes lease expirations where tenants heldover.

Supplemental Information 38 Third Quarter 2019

LEASING ACTIVITY - MANHATTAN OPERATING PROPERTIES Commenced Leasing Unaudited

Activity	Building Address	# of Leases	Term (Yrs)	Usable SF	Rentable SF	New Cash Rent / Rentable SF(1)		Prev. Escalated Rent/ Rentable SF(2)		TI / Rentable SF		Free Rent # of Months
Available Space				1,619,375
Office
	100 Park Avenue	5	5.8	15,852	16,246	$88.80			$92.40		$123.39	3.3
	110 East 42nd Street	1	3.1	1,968	1,502	63.00		—		—		1.0
	110 Greene Street	1	0.6	595	595	87.55		85.26		—		—
	125 Park Avenue	1	5.2	4,869	5,833	64.00		63.60		42.73		3.0
	220 East 42nd Street	2	29.1	68,623	75,353	60.48		—		125.72		6.0
	280 Park Avenue	2	7.8	16,510	17,848	95.50		117.28		55.07		9.0
	420 Lexington Avenue	6	6.1	14,675	19,720	66.13		61.63		27.84		0.7
	461 Fifth Avenue	2	10.5	16,964	17,945	87.11		—		115.00		5.4
	800 Third Avenue	3	9.9	27,451	29,515	64.50		62.24		69.10		7.8
	810 Seventh Avenue	2	4.0	13,486	15,143	67.42		—		0.26		1.9
	1350 Avenue of the Americas	1	5.3	4,109	4,160	81.00		—		—		3.0
	2 Herald Square	2	31.0	57,875	66,352	102.17		63.28		113.46		6.0
	Total/Weighted Average	28	19.2	242,977	270,212		$78.21		$71.87		$92.13	5.4
Retail
	11 Madison Avenue	1	10.0	420	496	$90.73			$—		$—	4.0
	Total/Weighted Average	1	10.0	420	496		$90.73		$—		$—	4.0
Leased Space
	Office (3)	28	19.2	242,977	270,212		$78.21		$71.87	$92.13		5.4
	Retail	1	10.0	420	496		$90.73		$—		$—	4.0
	Total	29	19.2	243,397	270,708		$78.23		$71.74	$91.96		5.4
Total Available Space as of 9/30/19				1,375,978
Early Renewals
Office
	30 East 40th Street	1	5.1	1,885	2,296	$62.43		$60.26			$—	1.0
	110 Greene Street	1	25.0	2,829	1,450	35.23		35.23		—		—
	420 Lexington Avenue	3	4.8	16,149	26,725	63.75		56.83		18.09		2.2
	800 Third Avenue	2	5.3	48,612	48,617	75.53		86.21		41.28		0.1
	1350 Avenue of the Americas	1	3.3	1,980	1,988	101.00		101.72		2.03		2.0
	Total/Weighted Average	8	5.4	71,455	81,076		$71.18		$75.26	$30.76		0.8
Retail
	11 Madison Avenue	1	1.8	671	428	$159.12		$119.21			$—	—
	750 Third Avenue	1	10.0	4,327	4,327	226.18		202.46		—		—
	Total/Weighted Average	2	9.3	4,998	4,755		$220.14		$194.97		$—	—
Renewals
	Early Renewals Office	8	5.4	71,455	81,076		$71.18		$75.26	$30.76		0.8
	Early Renewals Retail	2	9.3	4,998	4,755		$220.14		$194.97		$—	—
	Total	10	5.7	76,453	85,831		$79.43		$81.89	$29.06		0.8
(1) Annual initial base rent.
(2) Escalated cash rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.
(3) Average starting office rent excluding new tenants replacing vacancies is $81.87/rsf for 100,150 rentable SF. Average starting office rent for office space (leased and early renewals, excluding new tenants replacing vacancies) is $77.09/rsf for 181,226 rentable SF.

Supplemental Information 39 Third Quarter 2019

LEASING ACTIVITY - SUBURBAN OPERATING PROPERTIES Available Space Unaudited

Activity	Building Address	# of Leases	Usable SF	Rentable SF	Escalated Rent/Rentable SF ($'s)(1)
Available Space at 6/30/19			232,313
Space which became available during the Quarter (2):
Office
	1 Landmark Square, Stamford, Connecticut	2	5,036	5,036	$37.99
	4 Landmark Square, Stamford, Connecticut	1	2,900	2,900	35.47
	1010 Washington Boulevard, Stamford, Connecticut	5	14,888	14,888	36.20
	1055 Washington Boulevard, Stamford, Connecticut	1	6,540	6,540	29.86
	Total/Weighted Average	9	29,364	29,364		$35.02
Retail
	4 Landmark Square, Stamford, Connecticut	2	1,091	1,091	$19.74
		2	1,091	1,091		$19.74
Storage
	1055 Washington Boulevard, Stamford, Connecticut	1	561	561	$12.00
	Total/Weighted Average	1	561	561	$12.00
	Total Space which became available during the Quarter
	Office	9	29,364	29,364		$35.02
	Retail	2	1,091	1,091		$19.74
	Storage	1	561	561		$12.00
		12	31,016	31,016		$34.07
	Total Available Space		263,329
(1) Escalated rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.
(2) Includes expiring space, relocating tenants and move-outs where tenants vacated. Excludes lease expirations where tenants heldover.

Supplemental Information 40 Third Quarter 2019

LEASING ACTIVITY - SUBURBAN OPERATING PROPERTIES Commenced Leasing Unaudited

Activity	Building Address	# of Leases	Term (Yrs)	Usable SF	Rentable SF	New Cash Rent / Rentable SF(1)		Prev. Escalated Rent/ Rentable SF(2)		TI / Rentable SF		Free Rent # of Months
Available Space				263,329
Office
	100 Summit Lake Drive, Valhalla, New York	1	3.1	1,322	1,184	27.00		—			$—	1.0
	1 Landmark Square, Stamford, Connecticut	2	3.1	3,570	3,570	40.00		40.59		4.61		1.1
	1010 Washington Boulevard, Stamford, Connecticut	1	5.3	2,266	2,266	37.00		35.15		22.50		3.0
	1055 Washington Boulevard, Stamford, Connecticut	1	1.0	6,540	6,540	31.00		29.86		—		—
	Total/Weighted Average	5	2.4	13,698	13,560		$34.02		$32.88		$4.97	0.9
Retail
	4 Landmark Square, Stamford, Connecticut	3	10.8	3,797	3,797		$11.46		$19.74		$—	—
	Total/Weighted Average	3	10.8	3,797	3,797		$11.46		$19.74		$—	—
Storage
	5 Landmark Square, Stamford, Connecticut	1	3.0	100	100	$15.00			$—		$—	—
	1055 Washington Boulevard, Stamford, Connecticut	1	1.0	561	561	$12.00			$12.00	—		—
	Total/Weighted Average	2	1.3	661	661		$12.45		$12.00		$—	—
Leased Space
	Office (3)	5	2.4	13,698	13,560		$34.02		$32.88		$4.97	0.9
	Retail	3	10.8	3,797	3,797		$11.46		$19.74		$—	—
	Storage	2	1.3	661	661		$12.45		$12.00		$—	—
	Total	10	4.2	18,156	18,018		$28.48		$30.78		$3.74	0.7
Total Available Space as of 9/30/19				245,173
Early Renewals
Office
	100 Summit Lake Drive, Valhalla, New York	1	0.5	11,780	11,780		$30.00		$28.36		$—	—
	1 Landmark Square, Stamford, Connecticut	1	1.4	3,795	3,795	35.50		33.68		—		—
	Total/Weighted Average	2	0.7	15,575	15,575		$31.34		$29.66		$—	—
Renewals
	Early Renewals Office	2	0.7	15,575	15,575		$31.34		$29.66		$—	—
	Total	2	0.7	15,575	15,575		$31.34		$29.66		$—	—
(1) Annual initial base rent.
(2) Escalated cash rent includes base rent plus all additional amounts paid by the tenant in the form of real estate taxes, operating expenses, porters wage or a consumer price index (CPI) adjustment.
(3) Average starting office rent excluding new tenants replacing vacancies is $33.87/rsf for 10,706 rentable SF. Average starting office rent for office space (leased and early renewals, excluding new tenants replacing vacancies) is $32.37/rsf for 26,281 rentable SF.

Supplemental Information 41 Third Quarter 2019

ANNUAL LEASE EXPIRATIONS - MANHATTAN OPERATING PROPERTIES Office, Retail and Storage Leases Unaudited

		Consolidated Properties												Joint Venture Properties
Year of Lease Expiration		Number of Expiring Leases (2)	Rentable Square Footage of Expiring Leases	Percentage of Total Sq. Ft.		Annualized Cash Rent of Expiring Leases		Annualized Cash Rent Per Square Foot of Expiring Leases $/psf (3)			Current Weighted Average Asking Rent $/psf (4)			Number of Expiring Leases (2)	Rentable Square Footage of Expiring Leases	Percentage of Total Sq. Ft.		Annualized Cash Rent of Expiring Leases		Annualized Cash Rent Per Square Foot of Expiring Leases $/psf (3)		Current Weighted Average Asking Rent $/psf (4)
1st Quarter 2019(1)		—	—	—	%		$—		$—			$—		—	—	—	%		$—		$—		$—
2nd Quarter 2019(1)		1	2,786	0.02	%	194,674		69.88			65.00			—	—	—	%	—		—		—
3rd Quarter 2019(1)		6	7,499	0.06	%	407,466		54.34			54.16			2	1,714	0.02	%	54,600		31.86		32.47
4th Quarter 2019		22	534,850	4.33	%	43,929,120		82.13			69.32			2	7,911	0.07	%	626,571		79.20		73.19
Total 2019		29	545,135	4.41	%	$44,531,260			$81.69			$69.09		4	9,625	0.09	%		$681,171		$70.77		$65.94
2020		83	2,056,727	16.66	%		$139,172,754		$73.28	(5)		$68.62	(5)	19	254,076	2.36	%		$18,043,395		$71.02		$78.51
2021		106	1,174,583	9.52	%	72,648,179		61.85			67.81			26	291,807	2.71	%	22,266,899		76.31		79.20
2022		94	1,043,042	8.45	%	73,759,056		70.72			76.87			30	891,085	8.27	%	83,056,309		93.21		95.12
2023		74	879,323	7.12	%	57,288,834		65.15			66.00			16	438,826	4.07	%	38,190,378		87.03		80.68
2024		56	381,275	3.09	%	26,881,725		70.50			71.52			24	1,003,426	9.32	%	106,258,522		105.90		87.20
2025		38	554,454	4.49	%	50,959,630		91.91			83.38			11	422,853	3.93	%	33,843,730		80.04		84.94
2026		29	702,298	5.69	%	49,432,842		70.39			68.93			19	493,695	4.58	%	49,977,715		101.23		103.95
2027		36	597,379	4.84	%	46,158,199		77.27			72.43			18	386,265	3.59	%	33,835,834		87.60		94.32
2028		38	599,486	4.86	%	44,064,540		73.50			76.07			19	222,034	2.06	%	23,473,305		105.72		101.12
Thereafter		84	3,810,550	30.87	%	226,286,458		59.38			66.85			44	6,355,251	59.02	%	423,848,338		66.69		82.86
		667	12,344,252	100.00	%	$831,183,477			$67.76	(5)		$69.97	(5)	230	10,768,943	100.00	%		$833,475,596		$77.40		$85.81
	NOTE: Data excludes space currently occupied by SL Green's corporate offices
	(1) Includes month to month holdover tenants that expired prior to September 30, 2019.
	(2) Tenants may have multiple leases.
	(3) Represents in place annualized rent allocated by year of expiration.
	(4) Management's estimate of current average asking rents for currently occupied space as of September 30, 2019. Taking rents are typically lower than asking rents and may vary from property to property.
	(5) Excludes Credit Suisse at One Madison Avenue

Supplemental Information 42 Third Quarter 2019

ANNUAL LEASE EXPIRATIONS - SUBURBAN OPERATING PROPERTIES Office, Retail and Storage Leases Unaudited

		Consolidated Properties										Joint Venture Properties
Year of Lease Expiration		Number of Expiring Leases (2)	Rentable Square Footage of Expiring Leases	Percentage of Total Sq. Ft.		Annualized Cash Rent of Expiring Leases		Annualized Cash Rent Per Square Foot of Expiring Leases $/psf (3)		Current Weighted Average Asking Rent $/psf (4)		Number of Expiring Leases (2)	Rentable Square Footage of Expiring Leases	Percentage of Total Sq. Ft.		Annualized Cash Rent of Expiring Leases		Annualized Cash Rent Per Square Foot of Expiring Leases $/psf (3)		Current Weighted Average Asking Rent $/psf (4)
1st Quarter 2019(1)		6	34,263	1.79	%		$898,648		$26.23		$37.09	—	—	—	%		$—		$—		$—
2nd Quarter 2019(1)		—	—	—	%	—		—		—		—	—	—	%	—		—		—
3rd Quarter 2019(1)		1	2,709	0.14	%	126,108		46.55		44.12		—	—	—	%	—		—		—
4th Quarter 2019		5	163,393	8.52	%	5,056,331		30.95		28.05		—	—	—	%	—		—		—
Total 2019		12	200,365	10.45	%		$6,081,087		$30.35		$29.81	—	—	—	%		$—		$—		$—
2020		40	203,564	10.62	%		$6,955,831		$34.17		$36.37	—	—	—	%		$—		$—		$—
2021		40	278,039	14.50	%	10,487,126		37.72		37.98		—	—	—	%	—		—		—
2022		32	122,681	6.40	%	4,855,266		39.58		40.47		—	—	—	%	—		—		—
2023		23	155,995	8.14	%	5,593,003		35.85		35.42		—	—	—	%	—		—		—
2024		18	64,161	3.35	%	2,131,979		33.23		32.63		—	—	—	%	—		—		—
2025		10	99,911	5.21	%	3,418,874		34.22		35.86		—	—	—	%	—		—		—
2026		15	248,975	12.99	%	9,275,560		37.25		37.70		—	—	—	%	—		—		—
2027		7	217,768	11.36	%	5,612,289		25.77		28.07		—	—	—	%	—		—		—
2028		4	131,230	6.85	%	3,815,893		29.08		29.92		—	—	—	%	—		—		—
Thereafter		16	194,264	10.13	%	6,456,848		33.24		32.86		—	—	—	%	—		—		—
		217	1,916,953	100.00	%		$64,683,756		$33.74		$34.38	—	—	—	%		$—		$—		$—
	(1) Includes month to month holdover tenants that expired prior to September 30, 2019.
	(2) Tenants may have multiple leases.
	(3) Represents in place annualized rent allocated by year of expiration.
	(4) Management's estimate of current average asking rents for currently occupied space as of September 30, 2019. Taking rents are typically lower than asking rents and may vary from property to property.

Supplemental Information 43 Third Quarter 2019

ANNUAL LEASE EXPIRATIONS Retail Operating and Development / Redevelopment Leases Unaudited

		Consolidated Properties										Joint Venture Properties
Year of Lease Expiration		Number of Expiring Leases (2)	Rentable Square Footage of Expiring Leases	Percentage of Total Sq. Ft.		Annualized Cash Rent of Expiring Leases		Annualized Cash Rent Per Square Foot of Expiring Leases $/psf (3)		Current Weighted Average Asking Rent $/psf (4)		Number of Expiring Leases (2)	Rentable Square Footage of Expiring Leases	Percentage of Total Sq. Ft.		Annualized Cash Rent of Expiring Leases		Annualized Cash Rent Per Square Foot of Expiring Leases $/psf (3)		Current Weighted Average Asking Rent $/psf (4)
High Street Retail
2019 (1)		—	—	—	%		$—		$—		$—	1	3,600	1.33	%		$244,777		$67.99		$250.00
2020		3	9,901	3.07	%	1,463,342		147.80		254.52		1	1,698	0.63	%	129,000		75.97		79.77
2021		—	—	—	%	—		—		—		2	13,637	5.03	%	4,198,634		307.89		136.99
2022		1	1,165	0.36	%	217,176		186.42		299.00		2	50,808	18.74	%	27,610,398		543.43		510.78
2023		3	9,825	3.05	%	1,180,632		120.17		138.76		2	7,131	2.63	%	1,710,960		239.93		350.00
2024		4	74,286	23.05	%	18,721,672		252.02		255.72		1	7,793	2.87	%	5,730,456		735.33		898.00
2025		3	33,944	10.53	%	994,200		29.29		24.15		—	—	—	%	—		—		—
2026		—	—	—	%	—		—		—		4	74,424	27.46	%	31,135,474		418.35		384.06
2027		1	1,358	0.42	%	135,468		99.76		96.00		1	3,655	1.35	%	737,477		201.77		158.00
2028		1	10,040	3.12	%	4,127,400		411.10		411.10		—	—	—	%	—		—		—
Thereafter		5	181,791	56.40	%	14,390,740		79.16		89.62		3	108,328	39.96	%	57,570,648		531.45		532.79
		21	322,310	100.00	%		$41,230,630		$127.92		$138.37	17	271,074	100.00	%		$129,067,824		$476.14		$461.96
Vacancy (5)			5,928							623.53			—							—
			328,238								$147.13		271,074								$461.96
Other Retail
2019 (1)		—	—	—	%		$—		$—		$—	—	—	—	%		$—		$—		$—
2020		5	7,238	1.22	%	1,700,630		234.96		503.10		4	57,984	12.68	%	3,454,394		59.57		121.28
2021		11	23,069	3.90	%	2,975,634		128.99		160.69		5	5,995	1.31	%	590,132		98.44		118.81
2022		10	121,564	20.55	%	14,230,316		117.06		153.74		10	85,094	18.61	%	20,698,515		243.24		276.40
2023		8	35,519	6.00	%	5,591,061		157.41		154.68		6	24,613	5.38	%	3,082,274		125.23		139.50
2024		5	22,420	3.79	%	4,278,255		190.82		160.10		6	15,829	3.46	%	3,442,485		217.48		210.72
2025		8	28,753	4.86	%	7,618,758		264.97		274.00		2	946	0.21	%	224,539		237.36		213.60
2026		5	12,677	2.14	%	1,632,475		128.77		120.24		6	24,573	5.37	%	9,839,372		400.41		393.83
2027		7	34,269	5.79	%	4,741,708		138.37		155.94		7	22,008	4.81	%	10,842,485		492.66		542.77
2028		9	36,611	6.19	%	4,988,470		136.26		152.17		7	19,727	4.31	%	4,039,732		204.78		197.43
Thereafter		33	269,530	45.56	%	38,452,782		142.67		145.58		14	200,483	43.86	%	14,851,324		74.08		78.43
		101	591,650	100.00	%		$86,210,089		$145.71		$160.02	67	457,252	100.00	%		$71,065,252		$155.42		$173.81
Vacancy (5)			43,197							291.58			73,434							182.93
			634,847								$168.97		530,686								$175.07
	(1) Includes month to month holdover tenants that expired prior to September 30, 2019.
	(2) Tenants may have multiple leases.
	(3) Represents in place annualized rent allocated by year of expiration.
	(4) Management's estimate of average asking rents for currently occupied space as of September 30, 2019. Taking rents are typically lower than asking rents and may vary from property to property.
	(5) Includes square footage of leases signed but not yet commenced.

Supplemental Information 44 Third Quarter 2019

SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY Manhattan Unaudited (Dollars in Thousands)

						Gross Asset		Occupancy (%)
	Property	Submarket	Interest Acquired	Type of Ownership	Net Rentable SF	Valuation ($'s)(1)		at acquisition	9/30/2019
1998 - 2018 Acquisitions
Mar-98	420 Lexington Avenue	Grand Central	100.0%	Operating Sublease	1,188,000	$	78,000	83.0	91.2
May-98	711 3rd Avenue	Grand Central	100.0	Operating Sublease	524,000	65,600		79.0	97.0
Jun-98	440 9th Avenue	Penn Station	100.0	Fee Interest	339,000	32,000		76.0	N/A
Jan-99	420 Lexington Leasehold	Grand Central	100.0	Sub-leasehold	—	27,300		—	—
Jan-99	555 West 57th Street	Midtown West	65.0	Fee Interest	941,000	66,700		100.0	99.9
Aug-99	1250 Broadway	Penn Station	50.0	Fee Interest	670,000	93,000		96.5	N/A
Nov-99	555 West 57th Street	Midtown West	35.0	Fee Interest	—	34,100			99.9
Feb-00	100 Park Avenue	Grand Central	50.0	Fee Interest	834,000	192,000		96.5	81.3
Jun-01	317 Madison Avenue	Grand Central	100.0	Fee Interest	450,000	105,600		95.0	N/A
Sep-01	1250 Broadway	Penn Station	49.9	Fee Interest	670,000	126,500		97.7	N/A
May-02	1515 Broadway	Times Square	55.0	Fee Interest	1,750,000	483,500		98.0	94.9
Feb-03	220 East 42nd Street	Grand Central	100.0	Fee Interest	1,135,000	265,000		91.9	97.0
Mar-03	125 Broad Street	Downtown	100.0	Fee Interest	525,000	92,000		100.0	N/A
Oct-03	461 Fifth Avenue	Midtown	100.0	Leasehold Interest	200,000	60,900		93.9	90.6
Dec-03	1221 Avenue of the Americas	Rockefeller Center	45.0	Fee Interest	2,550,000	1,000,000		98.8	N/A
Mar-04	19 West 44th Street	Midtown	35.0	Fee Interest	292,000	67,000		86.0	N/A
Jul-04	750 Third Avenue	Grand Central	100.0	Fee Interest	779,000	255,000		100.0	92.7
Jul-04	485 Lexington Avenue	Grand Central	30.0	Fee Interest	921,000	225,000		100.0	84.2
Oct-04	625 Madison Avenue	Plaza District	100.0	Leasehold Interest	563,000	231,500		68.0	97.1
Feb-05	28 West 44th Street	Midtown	100.0	Fee Interest	359,000	105,000		87.0	N/A
Apr-05	1 Madison Avenue	Park Avenue South	55.0	Fee Interest	1,177,000	803,000		96.0	100.0
Apr-05	5 Madison Avenue Clock Tower	Park Avenue South	100.0	Fee Interest	267,000	115,000		N/A	N/A
Jun-05	19 West 44th Street	Midtown	65.0	Fee Interest	—	91,200			N/A
Mar-06	521 Fifth Avenue	Midtown	100.0	Leasehold Interest	460,000	210,000		97.0	N/A
Jun-06	609 Fifth Avenue	Midtown	100.0	Fee Interest	160,000	182,000		98.5	96.0
Dec-06	485 Lexington Avenue	Grand Central	70.0	Fee Interest	—	578,000			84.2
Dec-06	800 Third Avenue	Grand Central North	43.0	Fee Interest	526,000	285,000		96.9	96.5
Jan-07	Reckson - NYC Portfolio	Various	100.0	Fee Interests / Leasehold Interest	5,612,000	3,679,530		98.3	95.5
Apr-07	331 Madison Avenue	Grand Central	100.0	Fee Interest	114,900	73,000		97.6	N/A
Apr-07	1745 Broadway	Midtown	32.3	Leasehold Interest	674,000	520,000		100.0	N/A
Jun-07	333 West 34th Street	Penn Station	100.0	Fee Interest	345,400	183,000		100.0	N/A
Aug-07	1 Madison Avenue	Park Avenue South	45.0	Fee Interest	1,177,000	1,000,000		99.8	100.0
Dec-07	388 & 390 Greenwich Street	Downtown	50.6	Fee Interest	2,635,000	1,575,000		100.0	N/A
Jan-10	100 Church Street	Downtown	100.0	Fee Interest	1,047,500	181,600		41.3	99.3
May-10	600 Lexington Avenue	Grand Central North	55.0	Fee Interest	303,515	193,000		93.6	N/A
Aug-10	125 Park Avenue	Grand Central	100.0	Fee Interest	604,245	330,000		99.1	95.6
Jan-11	521 Fifth Avenue	Midtown	49.9	Leasehold Interest	460,000	245,700		80.7	N/A
Apr-11	1515 Broadway	Times Square	45.0	Fee Interest	1,750,000	1,210,000		98.5	94.9
May-11	110 East 42nd Street	Grand Central	100.0	Fee Interest	205,000	85,570		72.6	84.9
May-11	280 Park Avenue	Park Avenue	49.5	Fee Interest	1,219,158	1,110,000		78.2	88.0
Nov-11	180 Maiden Lane	Financial East	49.9	Fee Interest	1,090,000	425,680		97.7	N/A
Nov-11	51 East 42nd Street	Grand Central	100.0	Fee Interest	142,000	80,000		95.5	N/A
Feb-12	10 East 53rd Street	Plaza District	55.0	Fee Interest	354,300	252,500		91.9	94.3
Jun-12	304 Park Avenue South	Midtown South	100.0	Fee Interest	215,000	135,000		95.8	96.1
Sep-12	641 Sixth Avenue	Midtown South	100.0	Fee Interest	163,000	90,000		92.1	100.0
Dec-12	315 West 36th Street	Times Square South	35.5	Fee Interest	147,619	46,000		99.2	N/A
May-14	388 & 390 Greenwich Street	Downtown	49.4	Fee Interest	2,635,000	1,585,000		100.0	N/A
Jul-15	110 Greene Street	Soho	90.0	Fee Interest	223,600	255,000		84.0	93.1
Aug-15	30 East 40th Street	Grand Central South	60.0	Leasehold Interest	69,446	4,650		100.0	93.9
Aug-15	11 Madison Avenue	Park Avenue South	100.0	Fee Interest	2,314,000	2,285,000		71.6	95.7
Dec-15	600 Lexington Avenue	Grand Central North	45.0	Fee Interest	303,515	284,000		95.5	N/A
Oct-17	Worldwide Plaza	Westside	24.4	Fee Interest	2,048,725	1,725,000		100.0	96.8
May-18	2 Herald Square	Herald Square	100.0	Leasehold Interest	369,000	266,000		81.6	81.9
					43,502,923	$	23,690,130
2019 Acquisitions
May-19	110 Greene Street	Soho	10.0%	Leasehold Interest	223,600	$	256,500	93.3	93.1
					223,600	$	256,500
(1) Acquisition price represents purchase price for consolidated acquisitions and purchase price or imputed value for joint venture properties.

Supplemental Information 45 Third Quarter 2019

SUMMARY OF REAL ESTATE SALES ACTIVITY Manhattan Unaudited (Dollars in Thousands)

							Gross Asset Valuation
	Property	Submarket	Interest Sold	Type of Ownership	Net Rentable SF		($'s)			($'s/SF)
2000 - 2018 Sales
Feb-00	29 West 35th Street	Penn Station	100.0%	Fee Interest		78,000		$	11,700		$	150
Mar-00	36 West 44th Street	Grand Central	100.0	Fee Interest		178,000		31,500			177
May-00	321 West 44th Street	Times Square	35.0	Fee Interest		203,000		28,400			140
Nov-00	90 Broad Street	Financial	100.0	Fee Interest		339,000		60,000			177
Dec-00	17 Battery South	Financial	100.0	Fee Interest		392,000		53,000			135
Jan-01	633 Third Ave	Grand Central North	100.0	Fee Interest		40,623		13,250			326
May-01	1 Park Ave	Grand Central South	45.0	Fee Interest		913,000		233,900			256
Jun-01	1412 Broadway	Times Square South	100.0	Fee Interest		389,000		90,700			233
Jul-01	110 East 42nd Street	Grand Central	100.0	Fee Interest		69,700		14,500			208
Sep-01	1250 Broadway	Penn Station	45.0	Fee Interest		670,000		126,500			189
Jun-02	469 Seventh Avenue	Penn Station	100.0	Fee Interest		253,000		53,100			210
Mar-03	50 West 23rd Street	Chelsea	100.0	Fee Interest		333,000		66,000			198
Jul-03	1370 Broadway	Times Square South	100.0	Fee Interest		255,000		58,500			229
Dec-03	321 West 44th Street	Times Square	100.0	Fee Interest		203,000		35,000			172
May-04	1 Park Avenue	Grand Central South	75.0	Fee Interest		913,000		318,500			349
Oct-04	17 Battery Place North	Financial	100.0	Fee Interest		419,000		70,000			167
Nov-04	1466 Broadway	Times Square	100.0	Fee Interest		289,000		160,000			554
Apr-05	1414 Avenue of the Americas	Plaza District	100.0	Fee Interest		111,000		60,500			545
Aug-05	180 Madison Avenue	Grand Central	100.0	Fee Interest		265,000		92,700			350
Jul-06	286 & 290 Madison Avenue	Grand Central	100.0	Fee Interest		149,000		63,000			423
Aug-06	1140 Avenue of the Americas	Rockefeller Center	100.0	Leasehold Interest		191,000		97,500			510
Dec-06	521 Fifth Avenue	Midtown	50.0	Leasehold Interest		460,000		240,000			522
Mar-07	1 Park Avenue	Grand Central South	100.0	Fee Interest		913,000		550,000			602
Mar-07	70 West 36th Street	Garment	100.0	Fee Interest		151,000		61,500			407
Jun-07	110 East 42nd Street	Grand Central North	100.0	Fee Interest		181,000		111,500			616
Jun-07	125 Broad Street	Downtown	100.0	Fee Interest		525,000		273,000			520
Jun-07	5 Madison Clock Tower	Park Avenue South	100.0	Fee Interest		267,000		200,000			749
Jul-07	292 Madison Avenue	Grand Central South	100.0	Fee Interest		187,000		140,000			749
Jul-07	1372 Broadway	Penn Station/Garment	85.0	Fee Interest		508,000		335,000			659
Nov-07	470 Park Avenue South	Park Avenue South/Flatiron	100.0	Fee Interest		260,000		157,000			604
Jan-08	440 Ninth Avenue	Penn Station	100.0	Fee Interest		339,000		160,000			472
May-08	1250 Broadway	Penn Station	100.0	Fee Interest		670,000		310,000			463
Oct-08	1372 Broadway	Penn Station/Garment	15.0	Fee Interest		508,000		274,000			539
May-10	1221 Avenue of the Americas	Rockefeller Center	45.0	Fee Interest		2,550,000		1,280,000			502
Sep-10	19 West 44th Street	Midtown	100.0	Fee Interest		292,000		123,150			422
May-11	28 West 44th Street	Midtown	100.0	Fee Interest		359,000		161,000			448
Aug-13	333 West 34th Street	Penn Station	100.0	Fee Interest		345,400		220,250			638
May-14	673 First Avenue	Grand Central South	100.0	Leasehold Interest		422,000		145,000			344
Sep-15	120 West 45th Street	Midtown	100.0	Fee Interest		440,000		365,000			830
Sep-15	315 West 36th Street	Times Square South	100.0	Fee Interest		148,000		115,000			777
Jun-16	388 & 390 Greenwich Street	Downtown	1.0	Fee Interest		2,635,000		2,000,000			759
Aug-16	11 Madison Avenue	Park Avenue South	0.4	Fee Interest		2,314,000		2,600,000			1,124
Nov-17	1515 Broadway	Times Square	0.3	Fee Interest		1,750,000		1,950,000			1,114
Jan-18	600 Lexington Avenue	Grand Central North	1.0	Fee Interest		303,515		305,000			1,005
Feb-18	1515 Broadway	Times Square	13.0	Fee Interest		1,750,000		1,950,000			1,114
May-18	1745 Broadway	Midtown	56.9	Leasehold Interest		674,000		633,000			939
Nov-18	3 Columbus Circle	Columbus Circle	48.9	Fee Interest		530,981		851,000			1,603
Nov-18	2 Herald Square	Herald Square	49.0	Leasehold Interest		369,000		265,000			718
						26,505,219		$	17,513,650		$	661
2019 Sales
May-19	521 Fifth Avenue	Grand Central	50.5%	Fee Interest		460,000		$	381,000		$	828
						460,000		$	381,000		$	828

Supplemental Information 46 Third Quarter 2019

SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY Suburban Unaudited (Dollars in Thousands)

						Gross Asset		Occupancy (%)
	Property	Submarket	Interest Acquired	Type of Ownership	Net Rentable SF	Valuation ($'s)(1)		at acquisition	9/30/2019
2007 - 2016 Acquisitions
Jan-07	300 Main Street	Stamford, Connecticut	100.0%	Fee Interest	130,000	$	15,000	92.5	N/A
Jan-07	399 Knollwood Road	White Plains, New York	100.0	Fee Interest	145,000	31,600		96.6	N/A
Jan-07	Reckson - Connecticut Portfolio	Stamford, Connecticut	100.0	Fee Interests / Leasehold Interest	1,369,800	490,750		88.9	85.8
Jan-07	Reckson - Westchester Portfolio	Westchester	100.0	Fee Interests / Leasehold Interest	2,346,100	570,190		90.6	94.4
Apr-07	Jericho Plazas	Jericho, New York	20.3	Fee Interest	640,000	210,000		98.4	N/A
Jun-07	1010 Washington Boulevard	Stamford, Connecticut	100.0	Fee Interest	143,400	38,000		95.6	87.0
Jun-07	500 West Putnam Avenue	Greenwich, Connecticut	100.0	Fee Interest	121,500	56,000		94.4	N/A
Jul-07	16 Court Street	Brooklyn, New York	35.0	Fee Interest	317,600	107,500		80.6	N/A
Aug-07	150 Grand Street	White Plains, New York	100.0	Fee Interest	85,000	6,700		52.9	N/A
Sep-07	The Meadows	Rutherford, New Jersey	25.0	Fee Interest	582,100	111,500		81.3	N/A
Apr-13	16 Court Street	Brooklyn, New York	49.0	Fee Interest	317,600	96,200		84.9	N/A
					6,198,100	$	1,733,440

SUMMARY OF REAL ESTATE SALES ACTIVITY Suburban Unaudited (Dollars in Thousands)
	Property	Submarket	Interest Sold	Type of Ownership	Net Rentable SF		Gross Asset Valuation ($'s)			Price ($'s/SF)
2008 - 2015 Sales
Oct-08	100 & 120 White Plains Road	Tarrytown, New York	100.0%	Fee Interest		211,000		$	48,000		$	227
Jan-09	55 Corporate Drive	Bridgewater, New Jersey	100.0	Fee Interest		670,000		230,000			343
Aug-09	399 Knollwood Road	White Plains, New York	100.0	Fee Interest		145,000		20,767			143
Jul-12	One Court Square	Long Island City, New York	100.0	Fee Interest		1,402,000		481,100			343
Sep-13	300 Main Street	Stamford, Connecticut	100.0	Fee Interest		130,000		13,500			104
Aug-15	The Meadows	Rutherford, New Jersey	100.0	Fee Interest		582,100		121,100			208
Dec-15	140 Grand Street	White Plains, New York	100.0	Fee Interest		130,100		22,400			172
Dec-15	150 Grand Street	White Plains, New York	100.0	Fee Interest		85,000		9,600			113
						3,355,200		$	946,467		$	282
2016 Sales
Mar-16	7 Renaissance Square	White Plains, New York	100.0%	Fee Interest		65,641		$	21,000		$	320
Jul-16	500 West Putnam Avenue	Greenwich, Connecticut	100.0	Fee Interest		121,500		41,000			337
						187,141		$	62,000		$	331
2017 Sales
Apr-17	520 White Plains Road	Tarrytown, New York	100.0%	Fee Interest		180,000		$	21,000		$	117
Jul-17	680 Washington Avenue	Stamford, Connecticut	51.0	Fee Interest		133,000		42,011			316
Jul-17	750 Washington Avenue	Stamford, Connecticut	51.0	Fee Interest		192,000		53,745			280
Oct-17	16 Court Street	Brooklyn, New York	100.0	Fee Interest		317,600		171,000			538
Oct-17	125 Chubb Way	Lyndhurst, New Jersey	100.0	Fee Interest		278,000		29,500			106
						1,100,600		$	317,256		$	288
2018 Sales
May-18	115-117 Stevens Avenue	Valhalla, New York	100.0%	Fee Interest		178,000		$	12,000		$	67
Jun-18	Jericho Plaza	Jericho, New York	11.67	Fee Interest		640,000		117,400			183
Jul-18	1-6 International Drive	Rye Brook, New York	100.0	Fee Interest		540,000		55,000			102
						1,358,000		$	184,400		$	136
(1) Acquisition price represents purchase price for consolidated acquisitions and purchase price or imputed value for joint venture properties.

Supplemental Information 47 Third Quarter 2019

SUMMARY OF REAL ESTATE ACQUISITION ACTIVITY Retail, Residential, and Development / Redevelopment Unaudited (Dollars in Thousands)

						Gross Asset		Occupancy (%)
	Property	Submarket	Interest Acquired	Type of Ownership	Net Rentable SF	Valuation ($'s)(1)		at acquisition	9/30/2019
2005 - 2015 Acquisitions
Jul-05	1551-1555 Broadway	Times Square	10.0%	Fee Interest	25,600	$	85,000	N/A	N/A
Jul-05	21 West 34th Street	Herald Square	50.0	Fee Interest	30,100	17,500		N/A	N/A
Sep-05	141 Fifth Avenue	Flatiron	50.0	Fee Interest	21,500	13,250		N/A	N/A
Nov-05	1604 Broadway	Times Square	63.0	Leasehold Interest	29,876	4,400		17.2	N/A
Dec-05	379 West Broadway	Cast Iron/Soho	45.0	Leasehold Interest	62,006	19,750		100.0	N/A
Jan-06	25-29 West 34th Street	Herald Square/Penn Station	50.0	Fee Interest	41,000	30,000		55.8	N/A
Sep-06	717 Fifth Avenue	Midtown/Plaza District	32.8	Fee Interest	119,550	251,900		63.1	100.0
Aug-07	180 Broadway	Lower Manhattan	50.0	Fee Interest	24,300	13,600		85.2	N/A
Apr-07	Two Herald Square	Herald Square	55.0	Fee Interest	N/A	225,000		N/A	N/A
Jul-07	885 Third Avenue	Midtown / Plaza District	55.0	Fee Interest	N/A	317,000		N/A	N/A
Jan-08	125 Chubb Way	Lyndhurst, New Jersey	100.0	Fee Interest	278,000	29,364		—	N/A
Feb-08	182 Broadway	Lower Manhattan	50.0	Fee Interest	46,280	30,000		83.8	N/A
Nov-10	Williamsburg Terrace	Brooklyn, New York	100.0	Fee Interest	52,000	18,000		100.0	100.0
Dec-10	11 West 34th Street	Herald Square/Penn Station	30.0	Fee Interest	17,150	10,800		100.0	100.0
Dec-10	7 Renaissance Square	White Plains, New York	50.0	Fee Interest	65,641	4,000		—	N/A
Dec-10	2 Herald Square (2)	Herald Square	45.0	Fee Interest	354,400	247,500		100.0	N/A
Dec-10	885 Third Avenue (2)	Midtown / Plaza District	45.0	Fee Interest	607,000	352,000		100.0	N/A
Dec-10	292 Madison Avenue	Grand Central South	100.0	Fee Interest	203,800	78,300		N/A	N/A
Jan-11	3 Columbus Circle	Columbus Circle	48.9	Fee Interest	741,500	500,000		20.1	94.5
Aug-11	1552-1560 Broadway	Times Square	50.0	Fee Interest	35,897	136,550		59.7	88.3
Sep-11	747 Madison Avenue	Plaza District	33.3	Fee Interest	10,000	66,250		100.0	N/A
Jan-12	DFR Residential and Retail Portfolio	Plaza District, Upper East Side	80.0	Fee Interests / Leasehold Interest	489,882	193,000		95.1	88.8
Jan-12	724 Fifth Avenue	Plaza District	50.0	Fee Interest	65,010	223,000		92.9	N/A
Jul-12	West Coast Office Portfolio		27.6	Fee Interest	4,473,603	880,104		76.3	N/A
Aug-12	33 Beekman Street	Downtown	45.9	Fee Interest	163,500	31,160		—	N/A
Sep-12	635 Sixth Avenue	Midtown South	100.0	Fee Interest	104,000	83,000		—	100.0
Oct-12	1080 Amsterdam	Upper West Side	87.5	Leasehold Interest	82,250	—		2.2	100.0
Dec-12	21 East 66th Street	Plaza District	32.3	Fee Interest	16,736	75,000		100.0	100.0
Dec-12	985-987 Third Avenue	Upper East Side	100.0	Fee Interest	13,678	18,000		—	N/A
Dec-12	131-137 Spring Street	Soho	100.0	Fee Interest	68,342	122,300		100.0	N/A
Mar-13	248-252 Bedford Avenue	Brooklyn, New York	90.0	Fee Interest	66,611	54,900		—	N/A
Nov-13	650 Fifth Avenue	Plaza District	50.0	Leasehold Interest	32,324	—		63.6	100.0
Nov-13	315 West 33rd Street - The Olivia	Penn Station	100.0	Fee Interest	492,987	386,775		96.6	98.8
Nov-13	562, 570 & 574 Fifth Avenue	Plaza District	100.0	Fee Interest	66,962	146,222		74.6	N/A
Jul-14	719 Seventh Avenue	Times Square	75.0	Fee Interest	6,000	41,149		100.0	100.0
Jul-14	115 Spring Street	Soho	100.0	Fee Interest	5,218	52,000		100.0	100.0
Jul-14	752-760 Madison Avenue	Plaza District	100.0	Fee Interest	21,124	282,415		100.0	100.0
Sep-14	121 Greene Street	Soho	50.0	Fee Interest	7,131	27,400		100.0	100.0
Sep-14	635 Madison Avenue (2)	Plaza District	100.0	Fee Interest	176,530	145,000		100.0	N/A
Oct-14	102 Greene Street	Soho	100.0	Fee Interest	9,200	32,250		100.0	N/A
Oct-14	175-225 Third Street	Brooklyn, New York	95.0	Fee Interest	—	72,500		—	N/A
Nov-14	55 West 46th Street - Tower 46	Midtown	100.0	Fee Interest	347,000	295,000		—	86.5
Feb-15	Stonehenge Portfolio		100.0	Fee Interest	2,589,184	40,000		96.5	95.9
Mar-15	1640 Flatbush Avenue	Brooklyn, New York	100.0	Fee Interest	1,000	6,799		100.0	—
Jun-15	Upper East Side Residential	Upper East Side Residential	90.0	Fee Interest	27,000	50,074		96.4	N/A
Aug-15	187 Broadway & 5-7 Dey Street	Lower Manhattan	100.0	Fee Interest	73,600	63,690		90.5	—
					12,164,472	$	5,771,902
2016 Acquisitions
Mar-16	183 Broadway	Lower Manhattan	100.0%	Fee Interest	9,100	$	28,500	58.3	—
Apr-16	605 West 42nd Street - Sky	Midtown West	20.0	Fee Interest	927,358	759,046		—	94.3
					936,458	$	787,546
2018 Acquisitions
Jul-18	1231 Third Avenue	Upper East Side	100.0%	Fee Interest	38,992	$	55,355	100.0	N/A
Oct-18	133 Greene Street	Soho	100.0	Fee Interest	6,425	30,999		100.0	100.0
Dec-18	712 Madison Avenue	Plaza District	100.0	Fee Interest	6,600	57,996		100.0	100.0
					52,017	$	144,350
2019 Acquisitions
Apr-19	106 Spring Street	Soho	100.0%	Fee Interest	5,928	$	80,150	—	—
May-19	460 West 34th Street	Hudson Yards	70.9	Fee Interest	638,000	440,000		76.3	73.8
					643,928	$	520,150
(1) Acquisition price represents purchase price for consolidated acquisitions and purchase price or imputed value for joint venture properties.
(2) Subject to long-term, third party net operating leases.

Supplemental Information 48 Third Quarter 2019

SUMMARY OF REAL ESTATE SALES ACTIVITY Retail, Residential, and Development / Redevelopment Unaudited (Dollars in Thousands)

							Gross Asset Valuation
	Property	Submarket	Interest Sold	Type of Ownership	Net Rentable SF		($'s)			($'s/SF)
2011 - 2015 Sales
Sep-11	1551-1555 Broadway	Times Square	10.0%	Fee Interest		25,600		$	276,757		$	10,811
Feb-12	141 Fifth Avenue (1)	Flatiron	100.0	Fee Interest		13,000		46,000			3,538
Feb-12	292 Madison Avenue	Grand Central South	100.0	Fee Interest		203,800		85,000			417
Apr-12	379 West Broadway	Lower Manhattan	100.0	Leasehold Interest		62,006		48,500			782
Jun-12	717 Fifth Avenue	Midtown/Plaza District	50.0	Fee Interest		119,550		617,584			5,166
Sep-12	3 Columbus Circle	Columbus Circle	29.0	Fee Interest		214,372		143,600			670
Feb-13	44 West 55th Street	Plaza District	100.0	Fee Interest		8,557		6,250			730
Jun-13	West Coast Office Portfolio	Los Angeles, California	100.0	Fee Interest		406,740		111,925			275
Aug-13	West Coast Office Portfolio	Fountain Valley, California	100.0	Fee Interest		302,037		66,994			222
Sep-13	West Coast Office Portfolio	San Diego, California	100.0	Fee Interest		110,511		45,400			411
Dec-13	27-29 West 34th Street	Herald Square/Penn Station	100.0	Fee Interest		15,600		70,052			4,491
Jan-14	21-25 West 34th Street	Herald Square/Penn Station	100.0	Fee Interest		30,100		114,948			3,819
Mar-14	West Coast Office Portfolio		100.0	Fee Interest		3,654,315		756,000			207
May-14	747 Madison Avenue	Plaza District	100.0	Fee Interest		10,000		160,000			16,000
Jul-14	985-987 Third Avenue	Upper East Side	100.0	Fee Interest		13,678		68,700			5,023
Sep-14	180-182 Broadway	Lower Manhattan	100.0	Fee Interest		156,086		222,500			1,425
Nov-14	2 Herald Square	Herald Square/Penn Station	100.0	Fee Interest		354,400		365,000			1,030
Jan-15	180 Maiden Lane	Financial East	100.0	Fee Interest		1,090,000		470,000			431
Aug-15	131-137 Spring Street	Soho	80.0	Fee Interest		68,342		277,750			4,064
Dec-15	570 & 574 Fifth Avenue	Plaza District	100.0	Fee Interest		24,327		125,400			5,155
						6,883,021		$	4,078,360		$	593
2016 Sales
Feb-16	248-252 Bedford Avenue	Brooklyn, New York	90.0%	Fee Interest		66,611		$	55,000		$	826
Feb-16	885 Third Avenue	Midtown / Plaza District	100.0	Fee Interest		607,000		453,000			746
May-16	33 Beekman Street	Downtown	100.0	Fee Interest		163,500		196,000			1,199
Oct-16	400 East 57th Street	Upper East Side	49.0	Fee Interest		290,482		170,000			585
						1,127,593		$	874,000		$	775
2017 Sales
Apr-17	102 Greene Street	Soho	90.0%	Fee Interest		9,200		$	43,500		$	4,728
Sep-17	102 Greene Street	Soho	10.0	Fee Interest		9,200		43,500			4,728
						18,400		$	87,000		$	4,728
2018 Sales
Apr-18	175-225 Third Street	Brooklyn, New York	95.0%	Fee Interest		—		$	115,000		$	—
June-18	635 Madison Avenue	Plaza District	100.0	Fee Interest		176,530		153,000			867
Jul-18	724 Fifth Avenue	Plaza District	50.0	Fee Interest		65,010		365,000			5,615
Oct-18	72nd Street Assemblage & 1231 Third Avenue	Upper East Side	Various	Fee Interest		—		143,800			—
						241,540		$	776,800		$	3,216
2019 Sales
Jan-19	131-137 Spring Street	Soho	20.0	Fee Interest		68,342		216,000			3,161
Aug-19	115 Spring Street	Soho	49.0	Fee Interest		5,218		66,050			12,658
						73,560		$	282,050		$	3,834
(1) Inclusive of the fee position which was acquired simultaneously with the sale pursuant to an option.

Supplemental Information 49 Third Quarter 2019

EXECUTIVE MANAGEMENT

Marc Holliday	Edward V. Piccinich
Chairman and Chief Executive Officer	Chief Operating Officer
Andrew Mathias	Neil H. Kessner
President	Executive Vice President, General
	Counsel - Real Property
Matthew J. DiLiberto
Chief Financial Officer	David M. Schonbraun
	Co-Chief Investment Officer
Andrew S. Levine
Chief Legal Officer	Isaac Zion
	Co-Chief Investment Officer
Steven M. Durels
Executive Vice President, Director of	Maggie Hui
Leasing and Real Property	Chief Accounting Officer

Supplemental Information 50 Third Quarter 2019

Non-GAAP Disclosures and Reconciliations Unaudited (Dollars in Thousands, except per share data)

Funds Available for Distribution (FAD)

FAD is a non-GAAP financial measure that is calculated as FFO plus non-real estate depreciation, allowance for straight line credit loss, adjustment for straight line operating lease rent, non-cash deferred compensation, and a pro-rata adjustment for FAD from SLG’s unconsolidated JVs, less straight line rental income, free rent net of amortization, second cycle tenant improvement and leasing costs, and recurring building improvements.

FAD is not intended to represent cash flow for the period and is not indicative of cash flow provided by operating activities as determined in accordance with GAAP. FAD is presented solely as a supplemental disclosure with respect to liquidity because the Company believes it provides useful information regarding the Company’s ability to fund its dividends. Because all companies do not calculate FAD the same way, the presentation of FAD may not be comparable to similarly titled measures of other companies. FAD does not represent cash flow from operating, investing and finance activities in accordance with GAAP and should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDAre)

EBITDAre is a non-GAAP financial measure. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or NAREIT, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than the Company does. The White Paper on EBITDAre approved by the Board of Governors of NAREIT in September 2017 defines EBITDAre as net income (loss) (computed in accordance with Generally Accepted Accounting Principles, or GAAP), plus interest expense, plus income tax expense, plus depreciation and amortization, plus (minus) losses and gains on the disposition of depreciated property, plus impairment write-downs of depreciated property and investments in unconsolidated joint ventures, plus adjustments to reflect the entity's share of EBITDAre of unconsolidated joint ventures.

The Company presents EBITDAre because the Company believes that EBITDAre, along with cash flow from operating activities, investing activities and financing activities, provides investors with an additional indicator of the Company’s ability to incur and service debt. EBITDAre should not be considered as an alternative to net income (determined in accordance with GAAP), as an indication of the Company’s financial performance, as an alternative to net cash flows from operating activities (determined in accordance with GAAP), or as a measure of the Company’s liquidity.

Net Operating Income (NOI) and Cash NOI

NOI is a non-GAAP financial measure that is calculated as operating income before transaction related costs, gains/losses on early extinguishment of debt, marketing general and administrative expenses and non-real estate revenue. Cash NOI is also a non-GAAP financial measure that is calculated by subtracting free rent (net of amortization), straight-line rent, and amortization of acquired above and below-market leases, net from NOI, while adding operating lease straight-line adjustment and the allowance for straight-line tenant credit loss.

The Company presents NOI and Cash NOI because the Company believes that these measures, when taken together with the corresponding GAAP financial measures and our reconciliations, provide investors with meaningful information regarding the operating performance of properties. When operating performance is compared across multiple periods, the investor is provided with information not immediately apparent from net income that is determined in accordance with GAAP. NOI and Cash NOI provide information on trends in the revenue generated and expenses incurred in operating our properties, unaffected by the cost of leverage, straight-line adjustments, depreciation, amortization, and other net income components. The Company uses these metrics internally as performance measures. None of these measures is an alternative to net income (determined in accordance with GAAP) and same-store performance should not be considered an alternative to GAAP net income performance.

Coverage Ratios

The Company presents fixed charge and debt service coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and operating lease rent from current cash net operating income. These coverage ratios represent a common measure of the Company’s ability to service fixed cash payments; however, these ratios are not used as an alternative to cash flow from operating, financing and investing activities (determined in accordance with GAAP).

Supplemental Information 51 Third Quarter 2019

Non-GAAP Disclosures and Reconciliations Unaudited (Dollars in Thousands, except per share data)

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

Funds From Operations (FFO) Reconciliation

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Net income attributable to SL Green common stockholders	$	33,157		$	88,209		$	238,052		$	293,531
Add:
Depreciation and amortization	70,464			70,747			208,268			208,049
Joint venture depreciation and noncontrolling interest adjustments	47,674			45,485			145,202			140,799
Net income attributable to noncontrolling interests	1,095			4,661			9,782			15,890
Less:
Gain (loss) on sale of real estate, net	3,541			(2,504		)	2,492			6,227
Equity in net gain on sale of interest in unconsolidated joint venture/real estate	—			70,937			76,181			136,522
Purchase price and other fair value adjustment	3,799			(3,057		)	69,389			57,385
Depreciable real estate reserves	(7,047		)	(6,691		)	(7,047		)	(6,691		)
Depreciation on non-rental real estate assets	740			616			2,193			1,766
FFO attributable to SL Green common stockholders and noncontrolling interests	$	151,357		$	149,801		$	458,096		$	463,060

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre)

	As of or for the three months ended
	9/30/2019			6/30/2019			3/31/2019			12/31/2018			9/30/2018
Net income (loss)	$	40,722		173,741			$	52,769		$	(58,320	)	$	99,454
Interest expense, net of interest income	48,112			47,160			50,525			51,974			55,168
Amortization of deferred financing costs	3,112			2,712			2,742			2,695			2,630
Income taxes	(995		)	680			770			964			168
Depreciation and amortization	70,464			69,461			68,343			71,458			70,747
Loss on sale of real estate	(3,541		)	—			1,049			36,984			2,504
Equity in net gain on sale of interest in unconsolidated joint venture/real estate	—			(59,015		)	(17,166		)	(167,445		)	(70,937		)
Purchase price and other fair value adjustments	(3,799		)	(67,631		)	2,041			—			3,057
Depreciable real estate reserves	7,047			—			—			220,852			6,691
Adjustments to reflect the entity’s share of EBITDAre of unconsolidated affiliates	86,743			88,159			89,160			85,786			82,060
EBITDAre	$	247,865		$	255,267		$	250,233		$	244,948		$	251,542

Supplemental Information 52 Third Quarter 2019

Non-GAAP Disclosures and Reconciliations Unaudited (Dollars in Thousands, except per share data)

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES - Operating income and Same-store NOI Reconciliation

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Net income	$	40,722		$	99,454		$	267,232		$	329,176
Equity in net gain on sale of interest in unconsolidated joint venture/real estate	—			(70,937		)	(76,181		)	(136,522		)
Purchase price and other fair value adjustments	(3,799		)	3,057			(69,389		)	(57,385		)
Loss (gain) on sale of real estate, net	(3,541		)	2,504			(2,492		)	(6,227		)
Depreciable real estate reserves	7,047			6,691			7,047			6,691
Depreciation and amortization	70,464			70,747			208,268			208,049
Interest expense, net of interest income	48,112			55,168			145,797			156,695
Amortization of deferred financing costs	3,112			2,630			8,566			9,713
Operating income	162,117			169,314			488,848			510,190
Equity in net loss (income) from unconsolidated joint ventures	9,864			(971		)	22,644			(9,709		)
Marketing, general and administrative expense	23,841			20,594			75,300			66,601
Transaction related costs, net	44			163			360			673
Investment income	(51,518		)	(48,977		)	(153,167		)	(143,540		)
Loan loss and other investment reserves, net of recoveries	—			1,087			—			1,087
Non-building revenue	(6,055		)	(2,531		)	(22,468		)	(15,708		)
Loss on early extinguishment of debt	—			2,194			—			2,194
Net operating income (NOI)	138,293			140,873			411,517			411,788
Equity in net (loss) income from unconsolidated joint ventures	(9,864		)	971			(22,644		)	9,709
SLG share of unconsolidated JV depreciation and amortization	46,557			45,839			142,861			141,023
SLG share of unconsolidated JV interest expense, net of interest income	38,295			34,947			115,983			107,397
SLG share of unconsolidated JV amortization of deferred financing costs	1,505			1,390			4,664			4,815
SLG share of unconsolidated JV loss on early extinguishment of debt	258			—			258			—
SLG share of unconsolidated JV investment income	(314		)	(4,469		)	(3,017		)	(9,263		)
SLG share of unconsolidated JV non-building revenue	(798		)	(901		)	(2,724		)	(2,911		)
NOI including SLG share of unconsolidated JVs	213,932			218,650			646,898			662,558
NOI from other properties/affiliates	(7,362		)	(14,097		)	(26,408		)	(52,295		)
Same-Store NOI	206,570			204,553			620,490			610,263
Operating lease straight-line adjustment	514			524			1,542			1,572
Joint Venture operating lease straight-line adjustment	107			258			573			773
Straight-line and free rent	(2,339		)	(5,536		)	(5,943		)	(8,979		)
Amortization of acquired above and below-market leases, net	(902		)	(1,320		)	(2,770		)	(4,241		)
Joint Venture straight-line and free rent	(15,739		)	(3,878		)	(45,765		)	(14,975		)
Joint Venture amortization of acquired above and below-market leases, net	(4,122		)	(4,065		)	(12,632		)	(11,616		)
Same-store cash NOI	$	184,089		$	190,536		$	555,495		$	572,797

Supplemental Information 53 Third Quarter 2019

SELL-SIDE ANALYST COVERAGE

EQUITY COVERAGE
Firm	Analyst	Phone	Email
Bank of America - Merrill Lynch	James C. Feldman	(646) 855-5808	james.feldman@baml.com
Barclays Capital	Ross Smotrich	(212) 526-2306	ross.smotrich@barcap.com
BMO Capital Markets Corp.	John P. Kim	(212) 885-4115	jp.kim@bmo.com
BTIG	James Sullivan	(212) 738-6139	jsullivan@btig.com
Citigroup	Michael Bilerman	(212) 816-1383	michael.bilerman@citigroup.com
Deutsche Bank	Derek Johnston	(904) 520-4973	derek.johnston@db.com
Green Street Advisors	Daniel Ismail	(949) 640-8780	dismail@greenstreetadvisors.com
Evercore ISI	Steve Sakwa	(212) 446-9462	ssakwa@isigrp.com
Jefferies & Company	Jonathan Peterson	(212) 284-2300	jpeterson@jefferies.com
JMP Securities	Mitchell Germain	(212) 906-3546	mgermain@jmpsecurities.com
JP Morgan Securities, Inc.	Anthony Paolone	(212) 622-6682	anthony.paolone@jpmorgan.com
KeyBanc Capital Markets	Craig Mailman	(917) 368-2316	cmailman@key.com
Morgan Stanley	Vikram Malhotra	(212) 761-7064	vikram.malhotra@morganstanley.com
RW Baird	David Rodgers	(216) 737-7341	drodgers@rwbaird.com
Sandler O'Neill + Partners, L.P.	Alexander D. Goldfarb	(212) 466-7937	agoldfarb@sandleroneill.com
Scotiabank	Nick Yulico	(212) 225 6904	nicholas.yulico@scotiabank.com
Stifel Nicolaus	John Guinee	(443) 224-1307	jwguinee@stifel.com
SunTrust Robinson Humphrey	Michael Lewis	(404) 926-5000	michael.lewis@suntrust.com
Wells Fargo Securities, LLC	Blaine Heck	(443) 263-6529	blaine.heck@wellsfargo.com

FIXED INCOME COVERAGE
Firm	Analyst	Phone	Email
JP Morgan Securities, Inc.	Mark Streeter	(212) 834-6601	mark.streeter@jpmorgan.com
Wells Fargo Securities, LLC	Thierry B. Perrein	(704) 715-8455	thierry.perrein@wellsfargo.com

SL Green Realty Corp. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding SL Green Realty Corp.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of SL Green Realty Corp. or its management. SL Green Realty Corp. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Supplemental Information 54 Third Quarter 2019

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Cover Page	Oct. 16, 2019
Cover page.
Document Type	8-K
Document Period End Date	Oct. 16, 2019
Entity Registrant Name	SL GREEN REALTY CORP
Entity Incorporation, State or Country Code	MD
Entity File Number	1-13199
Entity Tax Identification Number	13-3956775
Entity Address, Address Line One	420 Lexington Avenue
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10170
City Area Code	212
Local Phone Number	594-2700
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001040971
Amendment Flag	false