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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Rental revenue, net $ 222,631 $ 240,118
Investment income 38,533 50,031
Other income 53,139 14,106
Total revenues 314,303 304,255
Expenses    
Operating expenses, including related party expenses of $3,749 in 2020 and $2,793 in 2019 53,866 57,698
Real estate taxes 46,622 46,688
Operating lease rent 7,367 8,298
Interest expense, net of interest income 37,494 50,525
Amortization of deferred financing costs 2,500 2,742
Depreciation and amortization 68,279 68,343
Loan loss and other investment reserves, net of recoveries 11,248 0
Transaction related costs 65 55
Marketing, general and administrative 19,570 25,979
Total expenses 247,011 260,328
Equity in net loss from unconsolidated joint ventures (12,814) (5,234)
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate 0 17,166
Purchase price and other fair value adjustments 0 (2,041)
Gain (loss) on sale of real estate, net 72,636 (1,049)
Net income 127,114 52,769
Net (income) loss attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (6,202) (2,278)
Noncontrolling interests in other partnerships 293 (237)
Preferred units distributions (2,666) (2,724)
Net income (loss) attributable to SL Green/SLGOP 118,539 47,530
Perpetual preferred stock dividends (3,738) (3,738)
Net income attributable to SL Green common stockholders $ 114,801 $ 43,792
Basic earnings per share (usd per share) $ 1.47 $ 0.52
Diluted earnings per share (usd per share) $ 1.47 $ 0.52
Basic weighted average common shares outstanding (in shares) 77,864 83,313
Diluted weighted average common shares and common share equivalents outstanding (in shares) 82,567 87,810
SL Green Operating Partnership    
Revenues    
Rental revenue, net $ 222,631 $ 240,118
Investment income 38,533 50,031
Other income 53,139 14,106
Total revenues 314,303 304,255
Expenses    
Operating expenses, including related party expenses of $3,749 in 2020 and $2,793 in 2019 53,866 57,698
Real estate taxes 46,622 46,688
Operating lease rent 7,367 8,298
Interest expense, net of interest income 37,494 50,525
Amortization of deferred financing costs 2,500 2,742
Depreciation and amortization 68,279 68,343
Loan loss and other investment reserves, net of recoveries 11,248 0
Transaction related costs 65 55
Marketing, general and administrative 19,570 25,979
Total expenses 247,011 260,328
Equity in net loss from unconsolidated joint ventures (12,814) (5,234)
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate 0 17,166
Purchase price and other fair value adjustments 0 (2,041)
Gain (loss) on sale of real estate, net 72,636 (1,049)
Net income 127,114 52,769
Net (income) loss attributable to noncontrolling interests:    
Noncontrolling interests in other partnerships 293 (237)
Preferred units distributions (2,666) (2,724)
Net income (loss) attributable to SL Green/SLGOP 124,741 49,808
Perpetual preferred unit distributions (3,738) (3,738)
Net income attributable to SLGOP common unitholders $ 121,003 $ 46,070
Basic earnings per unit (usd per share) $ 1.47 $ 0.52
Diluted earnings per unit (usd per share) $ 1.47 $ 0.52
Basic weighted average common units outstanding (in shares) 82,084 87,646
Diluted weighted average common units and common unit equivalents outstanding (in shares) 82,567 87,810