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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Commercial real estate properties, at cost:    
Land and land interests $ 1,639,118 $ 1,751,544
Building and improvements 5,483,155 5,154,990
Building leasehold and improvements 1,442,251 1,433,793
Right of use asset - financing leases 75,711 47,445
Right of use asset - operating leases 381,255 396,795
Total commercial real estate properties, at cost 9,021,490 8,784,567
Less: accumulated depreciation (2,260,247) (2,060,560)
Total commercial real estate properties, net 6,761,243 6,724,007
Assets held for sale 0 391,664
Cash and cash equivalents 221,404 166,070
Restricted cash 83,045 75,360
Investments in marketable securities 27,734 29,887
Tenant and other receivables 72,806 43,968
Related party receivables 31,936 21,121
Deferred rents receivable 304,673 283,011
Debt and preferred equity investments, net of discounts and deferred origination fees of $12,031 and $14,562 and allowances of $19,010 and $1,750 in 2020 and 2019, respectively 1,153,363 1,580,306
Investments in unconsolidated joint ventures 2,946,673 2,912,842
Deferred costs, net 206,289 205,283
Other assets 514,873 332,801
Total assets [1] 12,324,039 12,766,320
Liabilities    
Mortgages and other loans payable, net 2,391,744 2,183,253
Revolving credit facility, net 184,840 234,013
Unsecured term loans, net 1,494,793 1,494,024
Unsecured notes, net 1,247,795 1,496,847
Accrued interest payable 23,438 22,148
Other liabilities 306,077 177,080
Accounts payable and accrued expenses 152,983 166,905
Deferred revenue 117,615 114,052
Lease liability - financing leases 174,983 44,448
Lease liability - operating leases 358,419 381,671
Dividend and distributions payable 25,486 79,282
Security deposits 56,212 62,252
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] 6,634,385 6,555,975
Commitments and contingencies
Noncontrolling interests in Operating Partnership 353,480 409,862
Preferred units 202,169 283,285
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2020 and December 31, 2019 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 74,095 and 80,257 issued and outstanding at September 30, 2020 and December 31, 2019, respectively (including 1,055 and 1,055 shares held in treasury at September 30, 2020 and December 31, 2019, respectively) 741 803
Additional paid-in-capital 3,998,516 4,286,395
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive loss (76,200) (28,485)
Retained earnings 1,035,172 1,084,719
Total SL Green stockholders' equity 5,056,112 5,441,315
Noncontrolling interests in other partnerships 77,893 75,883
Total equity 5,134,005 5,517,198
SL Green stockholders equity:    
Total liabilities and equity/capital 12,324,039 12,766,320
Variable Interest Entity, Primary Beneficiary    
Commercial real estate properties, at cost:    
Land and land interests 375,900 205,200
Building and improvements 1,400,000 481,900
Building leasehold and improvements 2,000 2,000
Right of use asset - financing leases 61,700 61,700
Less: accumulated depreciation (296,300) (17,600)
Other assets 322,800 169,500
Liabilities    
Mortgages and other loans payable, net 510,700 457,100
Accrued interest payable 1,100 1,200
Other liabilities 48,900 43,700
Lease liability - financing leases 58,400 57,700
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,639,118 1,751,544
Building and improvements 5,483,155 5,154,990
Building leasehold and improvements 1,442,251 1,433,793
Right of use asset - financing leases 75,711 47,445
Right of use asset - operating leases 381,255 396,795
Total commercial real estate properties, at cost 9,021,490 8,784,567
Less: accumulated depreciation (2,260,247) (2,060,560)
Total commercial real estate properties, net 6,761,243 6,724,007
Assets held for sale 0 391,664
Cash and cash equivalents 221,404 166,070
Restricted cash 83,045 75,360
Investments in marketable securities 27,734 29,887
Tenant and other receivables 72,806 43,968
Related party receivables 31,936 21,121
Deferred rents receivable 304,673 283,011
Debt and preferred equity investments, net of discounts and deferred origination fees of $12,031 and $14,562 and allowances of $19,010 and $1,750 in 2020 and 2019, respectively 1,153,363 1,580,306
Investments in unconsolidated joint ventures 2,946,673 2,912,842
Deferred costs, net 206,289 205,283
Other assets 514,873 332,801
Total assets [2] 12,324,039 12,766,320
Liabilities    
Mortgages and other loans payable, net 2,391,744 2,183,253
Revolving credit facility, net 184,840 234,013
Unsecured term loans, net 1,494,793 1,494,024
Unsecured notes, net 1,247,795 1,496,847
Accrued interest payable 23,438 22,148
Other liabilities 306,077 177,080
Accounts payable and accrued expenses 152,983 166,905
Deferred revenue 117,615 114,052
Lease liability - financing leases 174,983 44,448
Lease liability - operating leases 358,419 381,671
Dividend and distributions payable 25,486 79,282
Security deposits 56,212 62,252
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] 6,634,385 6,555,975
Commitments and contingencies
Limited partner interests in SLGOP (4,027 and 4,196 limited partner common units outstanding at September 30, 2020 and December 31, 2019, respectively) 353,480 409,862
Preferred units 202,169 283,285
Equity    
Accumulated other comprehensive loss (76,200) (28,485)
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2020 and December 31, 2019 221,932 221,932
SL Green partners' capital (771 and 834 general partner common units and 72,269 and 78,368 limited partner common units outstanding at September 30, 2020 and December 31, 2019, respectively) 4,910,380 5,247,868
Total SLGOP partners' capital 5,056,112 5,441,315
Noncontrolling interests in other partnerships 77,893 75,883
Total capital 5,134,005 5,517,198
Total liabilities and equity/capital 12,324,039 12,766,320
SL Green Operating Partnership | Variable Interest Entity, Primary Beneficiary    
Commercial real estate properties, at cost:    
Land and land interests 375,900 205,200
Building and improvements 1,400,000 481,900
Building leasehold and improvements 2,000 2,000
Right of use asset - financing leases 61,700 61,700
Less: accumulated depreciation (296,300) (17,600)
Other assets 322,800 169,500
Liabilities    
Mortgages and other loans payable, net 510,700 457,100
Accrued interest payable 1,100 1,200
Other liabilities 48,900 43,700
Lease liability - financing leases $ 58,400 $ 57,700
[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: $375.9 million and $205.2 million of land, $1.4 billion and $481.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $61.7 million and $61.7 million of right of use assets, $296.3 million and $17.6 million of accumulated depreciation, $322.8 million and $169.5 million of other assets included in other line items, $510.7 million and $457.1 million of real estate debt, net, $1.1 million and $1.2 million of accrued interest payable, $58.4 million and 57.7 million of lease liabilities, and $48.9 million and $43.7 million of other liabilities included in other line items as of September 30, 2020 and December 31, 2019, 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: 375.9 million and $205.2 million of land, $1.4 billion and $481.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $61.7 million and $61.7 million of right of use assets, $296.3 million and $17.6 million of accumulated depreciation, $322.8 million and $169.5 million of other assets included in other line items, $510.7 million and $457.1 million of real estate debt, net, $1.1 million and $1.2 million of accrued interest payable, $58.4 million and $57.7 million of lease liabilities, and $48.9 million and $43.7 million of other liabilities included in other line items as of September 30, 2020 and December 31, 2019, respectively.