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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Rental revenue, net $ 804,423 $ 983,557 $ 978,574
Investment income 120,163 195,590 201,492
Other income 128,158 59,848 47,326
Total revenues 1,052,744 1,238,995 1,227,392
Expenses      
Operating expenses, including $12,643 in 2020, $18,106 in 2019, $17,823 in 2018 of related party expenses 183,200 234,676 229,347
Real estate taxes 176,315 190,764 186,351
Operating lease rent 29,043 33,188 32,965
Interest expense, net of interest income 116,679 190,521 208,669
Amortization of deferred financing costs 11,794 11,653 12,408
Depreciation and amortization 313,668 272,358 279,507
Loan loss and other investment reserves, net of recoveries 35,298 0 6,839
Transaction related costs 503 729 1,099
Marketing, general and administrative 91,826 100,875 92,631
Total expenses 958,326 1,034,764 1,049,816
Equity in net (loss) income from unconsolidated joint ventures (25,195) (34,518) 7,311
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 2,961 76,181 303,967
Purchase price and other fair value adjustment 187,522 69,389 57,385
Gain (loss) on sale of real estate, net 215,506 (16,749) (30,757)
Depreciable real estate reserves and impairments (60,454) (7,047) (227,543)
Loss on early extinguishment of debt 0 0 (17,083)
Net income 414,758 291,487 270,856
Net income attributable to noncontrolling interests:      
Noncontrolling interests in the Operating Partnership (20,016) (13,301) (12,216)
Net loss attributable to noncontrolling interests in other partnerships (14,940) 3,159 6
Preferred unit distributions (8,747) (10,911) (11,384)
Net income (loss) attributable to SL Green/SLGOP 371,055 270,434 247,262
Perpetual preferred stock dividends (14,950) (14,950) (14,950)
Net income attributable to SL Green common stockholders $ 356,105 $ 255,484 $ 232,312
Basic earnings per share (in dollars per share) $ 4.88 $ 3.20 $ 2.75
Diluted earnings per share (in dollars per share) $ 4.87 $ 3.19 $ 2.75
Basic weighted average common shares outstanding (in shares) 72,552 79,415 84,090
Diluted weighted average common shares and common share equivalents outstanding (in shares) 77,243 84,234 89,071
SL Green Operating Partnership      
Revenues      
Rental revenue, net $ 804,423 $ 983,557 $ 978,574
Investment income 120,163 195,590 201,492
Other income 128,158 59,848 47,326
Total revenues 1,052,744 1,238,995 1,227,392
Expenses      
Operating expenses, including $12,643 in 2020, $18,106 in 2019, $17,823 in 2018 of related party expenses 183,200 234,676 229,347
Real estate taxes 176,315 190,764 186,351
Operating lease rent 29,043 33,188 32,965
Interest expense, net of interest income 116,679 190,521 208,669
Amortization of deferred financing costs 11,794 11,653 12,408
Depreciation and amortization 313,668 272,358 279,507
Loan loss and other investment reserves, net of recoveries 35,298 0 6,839
Transaction related costs 503 729 1,099
Marketing, general and administrative 91,826 100,875 92,631
Total expenses 958,326 1,034,764 1,049,816
Equity in net (loss) income from unconsolidated joint ventures (25,195) (34,518) 7,311
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 2,961 76,181 303,967
Purchase price and other fair value adjustment 187,522 69,389 57,385
Gain (loss) on sale of real estate, net 215,506 (16,749) (30,757)
Depreciable real estate reserves and impairments (60,454) (7,047) (227,543)
Loss on early extinguishment of debt 0 0 (17,083)
Net income 414,758 291,487 270,856
Net income attributable to noncontrolling interests:      
Net loss attributable to noncontrolling interests in other partnerships (14,940) 3,159 6
Preferred unit distributions (8,747) (10,911) (11,384)
Net income (loss) attributable to SL Green/SLGOP 391,071 283,735 259,478
Perpetual preferred stock dividends (14,950) (14,950) (14,950)
Net income attributable to SLGOP common unitholders $ 376,121 $ 268,785 $ 244,528
Basic earnings per unit (in dollars per share) $ 4.88 $ 3.19 $ 2.75
Diluted earnings per unit (in dollars per share) $ 4.87 $ 3.19 $ 2.75
Basic weighted average common shares outstanding (in shares) 76,647 83,690 88,652
Basic weighted average common units outstanding (in shares) 76,647 83,690 88,652
Diluted weighted average common shares and common share equivalents outstanding (in shares) 77,243 84,234 89,071
Diluted weighted average common units and common unit equivalents outstanding (in shares) 77,243 84,234 89,071