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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Rental revenue, net $ 248,028 $ 250,866 $ 733,105 $ 731,055
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 0 1,087 0 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 (loss) gain on sale of interest in unconsolidated joint venture/real estate 0 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 and impairment (7,047) (6,691) (7,047) (6,691)
Loss on early extinguishment of debt 0 (2,194) 0 (2,194)
Net income 40,722 99,454 267,232 329,176
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership (1,719) (4,797) (12,306) (15,656)
Noncontrolling interests in other partnerships 624 136 2,524 (234)
Preferred units distributions (2,732) (2,846) (8,185) (8,542)
Net income (loss) attributable to SL Green/SLGOP 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
Basic Earnings per Share (usd per share) $ 0.40 $ 1.03 $ 2.87 $ 3.34
Diluted Earnings per Share (usd per share) $ 0.40 $ 1.03 $ 2.87 $ 3.34
Basic weighted average common shares outstanding (in shares) 82,292 85,566 82,855 87,692
Diluted weighted average common shares and common share equivalents outstanding (in shares) 86,714 90,428 87,309 92,580
SL Green Operating Partnership        
Revenues        
Rental revenue, net $ 248,028 $ 250,866 $ 733,105 $ 731,055
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 0 1,087 0 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 (loss) gain on sale of interest in unconsolidated joint venture/real estate 0 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 and impairment (7,047) (6,691) (7,047) (6,691)
Loss on early extinguishment of debt 0 (2,194) 0 (2,194)
Net income 40,722 99,454 267,232 329,176
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership     (12,306)  
Noncontrolling interests in other partnerships 624 136 2,524 (234)
Preferred units distributions (2,732) (2,846) (8,185) (8,542)
Net income (loss) attributable to SL Green/SLGOP 38,614 96,744 261,571 320,400
Perpetual preferred unit distributions (3,738) (3,738) (11,213) (11,213)
Net income attributable to SLGOP common unitholders $ 34,876 $ 93,006 $ 250,358 $ 309,187
Basic Earnings per Unit (usd per share) $ 0.40 $ 1.03 $ 2.87 $ 3.34
Diluted Earnings per Unit (usd per share) $ 0.40 $ 1.03 $ 2.87 $ 3.34
Basic weighted average common units outstanding (in shares) 86,550 90,209 87,138 92,369
Diluted weighted average common units and common unit equivalents outstanding (in shares) 86,714 90,428 87,309 92,580