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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Commercial real estate properties, at cost:    
Land and land interests $ 1,751,544 $ 1,774,899
Building and improvements 5,154,990 5,268,484
Building leasehold and improvements 1,433,793 1,423,107
Right of use asset - financing leases 47,445 47,445
Right of use asset - operating leases 396,795 0
Total commercial real estate properties, at cost 8,784,567 8,513,935
Less: accumulated depreciation (2,060,560) (2,099,137)
Total commercial real estate properties, net 6,724,007 6,414,798
Assets held for sale 391,664 0
Cash and cash equivalents 166,070 129,475
Restricted cash 75,360 149,638
Investments in marketable securities 29,887 28,638
Tenant and other receivables, net of allowance of $12,369 and $15,702 in 2019 and 2018, respectively 43,968 41,589
Related party receivables 21,121 28,033
Deferred rents receivable, net of allowance of $12,477 and $15,457 in 2019 and 2018, respectively 283,011 335,985
Debt and preferred equity investments, net of discounts and deferred origination fees of $14,562 and $22,379 and allowances of $1,750 and $5,750 in 2019 and 2018, respectively 1,580,306 2,099,393
Investments in unconsolidated joint ventures 2,912,842 3,019,020
Deferred costs, net 205,283 209,110
Other assets 332,801 295,679
Total assets 12,766,320 12,751,358
Liabilities    
Mortgages and other loans payable, net 2,183,253 1,961,240
Revolving credit facility, net 234,013 492,196
Unsecured term loans, net 1,494,024 1,493,051
Unsecured notes, net 1,496,847 1,495,214
Accrued interest payable 22,148 23,154
Other liabilities 177,080 116,566
Accounts payable and accrued expenses 166,905 147,060
Deferred revenue 114,052 94,453
Lease liability - financing leases 44,448 43,616
Lease liability - operating leases 381,671 3,603
Dividend and distributions payable 79,282 80,430
Security deposits 62,252 64,688
Liabilities related to assets held for sale 0 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 6,555,975 6,115,271
Commitments and contingencies
Noncontrolling interests in Operating Partnership 409,862 387,805
Preferred units 283,285 300,427
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2019 and 2018 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 80,257 and 84,739 issued and outstanding at December 31, 2019 and 2018, respectively (including 1,055 and 1,055 shares held in treasury at December 31, 2019 and 2018, respectively) 803 847
Additional paid-in-capital 4,286,395 4,508,685
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive (loss) income (28,485) 15,108
Retained earnings 1,084,719 1,278,998
Total SL Green stockholders' equity 5,441,315 5,901,521
Noncontrolling interests in other partnerships 75,883 46,334
Total equity 5,517,198 5,947,855
SL Green stockholders equity:    
Total liabilities and equity/capital 12,766,320 12,751,358
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,751,544 1,774,899
Building and improvements 5,154,990 5,268,484
Building leasehold and improvements 1,433,793 1,423,107
Right of use asset - financing leases 47,445 47,445
Right of use asset - operating leases 396,795 0
Total commercial real estate properties, at cost 8,784,567 8,513,935
Less: accumulated depreciation (2,060,560) (2,099,137)
Total commercial real estate properties, net 6,724,007 6,414,798
Assets held for sale 391,664 0
Cash and cash equivalents 166,070 129,475
Restricted cash 75,360 149,638
Investments in marketable securities 29,887 28,638
Tenant and other receivables, net of allowance of $12,369 and $15,702 in 2019 and 2018, respectively 43,968 41,589
Related party receivables 21,121 28,033
Deferred rents receivable, net of allowance of $12,477 and $15,457 in 2019 and 2018, respectively 283,011 335,985
Debt and preferred equity investments, net of discounts and deferred origination fees of $14,562 and $22,379 and allowances of $1,750 and $5,750 in 2019 and 2018, respectively 1,580,306 2,099,393
Investments in unconsolidated joint ventures   3,019,020
Deferred costs, net 205,283 209,110
Other assets 332,801 295,679
Total assets [2] 12,766,320 12,751,358
Liabilities    
Mortgages and other loans payable, net 2,183,253 1,961,240
Revolving credit facility, net 234,013 492,196
Unsecured term loans, net 1,494,024 1,493,051
Unsecured notes, net 1,496,847 1,495,214
Accrued interest payable 22,148 23,154
Other liabilities 177,080 116,566
Accounts payable and accrued expenses 166,905 147,060
Deferred revenue 114,052 94,453
Lease liability - financing leases 44,448 43,616
Lease liability - operating leases 381,671 3,603
Dividend and distributions payable 79,282 80,430
Security deposits 62,252 64,688
Liabilities related to assets held for sale 0 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 6,555,975 6,115,271
Commitments and contingencies
Limited partner interests in SLGOP (4,196 and 4,131 limited partner common units outstanding at December 31, 2019 and 2018, respectively) 409,862 387,805
Preferred units 283,285 300,427
Equity    
Accumulated other comprehensive (loss) income (28,485) 15,108
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2019 and 2018 221,932 221,932
SL Green partners' capital (834 and 878 general partner common units, and 78,368 and 82,806 limited partner common units outstanding at December 31, 2019 and 2018, respectively) 5,247,868 5,664,481
Total SLGOP partners' capital 5,441,315 5,901,521
Noncontrolling interests in other partnerships 75,883 46,334
Total capital 5,517,198 5,947,855
Total liabilities and equity/capital $ 12,766,320 $ 12,751,358
[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $205.2 million and $110.0 million of land, $481.9 million and $346.7 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $61.7 million and $47.4 million of right of use assets, $17.6 million and $42.2 million of accumulated depreciation, $169.5 million and $112.6 million of other assets included in other line items, $457.1 million and $140.8 million of real estate debt, net, $1.2 million and $0.4 million of accrued interest payable, $57.7 million and $43.6 million of lease liabilities, and $43.7 million and $18.3 million of other liabilities included in other line items as of December 31, 2019 and December 31, 2018, respectively.
[2] The Operating Partnership's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $205.2 million and $110.0 million of land, $481.9 million and $346.7 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $61.7 million and $47.4 million of right of use assets, $17.6 million and $42.2 million of accumulated depreciation, $169.5 million and $112.6 million of other assets included in other line items, $457.1 million and $140.8 million of real estate debt, net, $1.2 million and $0.4 million of accrued interest payable, $57.7 million and $43.6 million of lease liabilities, and $43.7 million and $18.3 million of other liabilities included in other line items as of December 31, 2019 and December 31, 2018, respectively.