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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Commercial real estate properties, at cost:    
Land and land interests $ 1,445,199 $ 1,315,832
Building and improvements 4,096,930 4,168,193
Building leasehold and improvements 1,730,418 1,448,134
Right of use asset - financing leases 55,711 55,711
Right of use asset - operating leases 502,316 367,209
Total commercial real estate properties, at cost 7,830,574 7,355,079
Less: accumulated depreciation (2,004,945) (1,956,077)
Total commercial real estate properties, net 5,825,629 5,399,002
Cash and cash equivalents 304,999 266,059
Restricted cash 96,608 106,736
Investments in marketable securities 23,784 28,570
Tenant and other receivables 42,505 44,507
Related party receivables 34,310 34,657
Deferred rents receivable 304,420 302,791
Debt and preferred equity investments, net of discounts and deferred origination fees of $9,817 and $11,232 and allowances of $13,213 and $13,213 in 2021 and 2020, respectively 1,097,202 1,076,542
Investments in unconsolidated joint ventures 3,698,701 3,823,322
Deferred costs, net 170,252 177,168
Other assets 445,635 448,213
Total assets [1] 12,044,045 11,707,567
Liabilities    
Mortgages and other loans payable, net 1,848,701 1,979,972
Revolving credit facility, net 625,809 105,262
Unsecured term loans, net 1,495,620 1,495,275
Unsecured notes, net 1,248,622 1,248,219
Accrued interest payable 22,796 14,825
Other liabilities 267,908 302,798
Accounts payable and accrued expenses 120,015 151,309
Deferred revenue 119,215 118,572
Lease liability - financing leases 152,622 152,521
Lease liability - operating leases 455,385 339,458
Dividend and distributions payable 24,924 149,294
Security deposits 54,181 53,836
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 6,535,798 6,211,341
Commitments and contingencies
Noncontrolling interests in Operating Partnership 374,124 358,262
Preferred units 198,503 202,169
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2021 and December 31, 2020 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 70,380 and 69,534 issued and outstanding at March 31, 2021 and December 31, 2020, respectively (including 1,026 and 1,026 shares held in treasury at March 31, 2021 and December 31, 2020, respectively) 705 716
Additional paid-in-capital 3,913,258 3,862,949
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive loss (18,897) (67,247)
Retained earnings 918,077 1,015,462
Total SL Green stockholders' equity 4,911,026 4,909,763
Noncontrolling interests in other partnerships 24,594 26,032
Total equity 4,935,620 4,935,795
SL Green stockholders equity:    
Total liabilities and equity/capital 12,044,045 11,707,567
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,445,199 1,315,832
Building and improvements 4,096,930 4,168,193
Building leasehold and improvements 1,730,418 1,448,134
Right of use asset - financing leases 55,711 55,711
Right of use asset - operating leases 502,316 367,209
Total commercial real estate properties, at cost 7,830,574 7,355,079
Less: accumulated depreciation (2,004,945) (1,956,077)
Total commercial real estate properties, net 5,825,629 5,399,002
Cash and cash equivalents 304,999 266,059
Restricted cash 96,608 106,736
Investments in marketable securities 23,784 28,570
Tenant and other receivables 42,505 44,507
Related party receivables 34,310 34,657
Deferred rents receivable 304,420 302,791
Debt and preferred equity investments, net of discounts and deferred origination fees of $9,817 and $11,232 and allowances of $13,213 and $13,213 in 2021 and 2020, respectively 1,097,202 1,076,542
Investments in unconsolidated joint ventures 3,698,701 3,823,322
Deferred costs, net 170,252 177,168
Other assets 445,635 448,213
Total assets [2] 12,044,045 11,707,567
Liabilities    
Mortgages and other loans payable, net 1,848,701 1,979,972
Revolving credit facility, net 625,809 105,262
Unsecured term loans, net 1,495,620 1,495,275
Unsecured notes, net 1,248,622 1,248,219
Accrued interest payable 22,796 14,825
Other liabilities 267,908 302,798
Accounts payable and accrued expenses 120,015 151,309
Deferred revenue 119,215 118,572
Lease liability - financing leases 152,622 152,521
Lease liability - operating leases 455,385 339,458
Dividend and distributions payable 24,924 149,294
Security deposits 54,181 53,836
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] 6,535,798 6,211,341
Commitments and contingencies
Limited partner interests in SLGOP (4,156 and 3,939 limited partner common units outstanding at March 31, 2021 and December 31, 2020, respectively) 374,124 358,262
Preferred units 198,503 202,169
Equity    
Accumulated other comprehensive loss (18,897) (67,247)
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2021 and December 31, 2020 221,932 221,932
SL Green partners' capital (735 and 724 general partner common units and 68,619 and 67,784 limited partner common units outstanding at March 31, 2021 and December 31, 2020, respectively) 4,707,991 4,755,078
Total SLGOP partners' capital 4,911,026 4,909,763
Noncontrolling interests in other partnerships 24,594 26,032
Total capital 4,935,620 4,935,795
Total liabilities and equity/capital 12,044,045 11,707,567
Variable Interest Entity, Primary Beneficiary    
Commercial real estate properties, at cost:    
Land and land interests 179,600 41,200
Building and improvements 282,300 57,900
Building leasehold and improvements 2,000 2,000
Right of use asset - financing leases 53,200 37,800
Less: accumulated depreciation (16,400) (10,300)
Other assets 297,100 289,500
Liabilities    
Mortgages and other loans payable, net 368,600 94,000
Accrued interest payable 900 700
Other liabilities 31,200 56,600
Lease liability - financing leases $ 45,300 $ 29,900
[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: $179.6 million and $41.2 million of land, $282.3 million and $57.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $53.2 million and $37.8 million of right of use assets, $16.4 million and $10.3 million of accumulated depreciation, $297.1 million and $289.5 million of other assets included in other line items, $368.6 million and $94.0 million of real estate debt, net, $0.9 million and $0.7 million of accrued interest payable, $45.3 million and $29.9 million of lease liabilities, and $31.2 million and $56.6 million of other liabilities included in other line items as of March 31, 2021 and December 31, 2020, 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: $179.6 million and $41.2 million of land, $282.3 million and $57.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $53.2 million and $37.8 million of right of use assets, $16.4 million and $10.3 million of accumulated depreciation, $297.1 million and $289.5 million of other assets included in other line items, $368.6 million and $94.0 million of real estate debt, net, $0.9 million and $0.7 million of accrued interest payable, $45.3 million and $29.9 million of lease liabilities, and $31.2 million and $56.6 million of other liabilities included in other line items as of March 31, 2021 and December 31, 2020, respectively.