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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Commercial real estate properties, at cost:    
Land and land interests $ 1,403,399 $ 1,315,832
Building and improvements 4,088,659 4,168,193
Building leasehold and improvements 1,642,595 1,448,134
Right of use asset - financing leases 27,445 55,711
Right of use asset - operating leases 502,316 367,209
Total commercial real estate properties, at cost 7,664,414 7,355,079
Less: accumulated depreciation (2,008,438) (1,956,077)
Total commercial real estate properties, net 5,655,976 5,399,002
Cash and cash equivalents 218,337 266,059
Restricted cash 98,164 106,736
Investments in marketable securities 32,339 28,570
Tenant and other receivables 40,147 44,507
Related party receivables 36,430 34,657
Deferred rents receivable 304,140 302,791
Debt and preferred equity investments, net of discounts and deferred origination fees of $7,922 and $11,232 and allowances of $13,213 and $13,213 in 2021 and 2020, respectively 1,072,711 1,076,542
Investments in unconsolidated joint ventures 3,209,151 3,823,322
Deferred costs, net 161,962 177,168
Other assets 336,807 448,213
Total assets [1] 11,166,164 11,707,567
Liabilities    
Mortgages and other loans payable, net 1,857,829 1,979,972
Revolving credit facility, net 0 105,262
Unsecured term loans, net 1,496,062 1,495,275
Unsecured notes, net 1,248,930 1,248,219
Accrued interest payable 13,771 14,825
Other liabilities 193,321 302,798
Accounts payable and accrued expenses 126,929 151,309
Deferred revenue 114,536 118,572
Lease liability - financing leases 124,808 152,521
Lease liability - operating leases 443,313 339,458
Dividend and distributions payable 24,407 149,294
Security deposits 54,797 53,836
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,798,703 6,211,341
Commitments and contingencies
Noncontrolling interests in Operating Partnership 355,201 358,262
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 June 30, 2021 and December 31, 2020 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 68,906 and 69,534 issued and outstanding at June 30, 2021 and December 31, 2020, respectively (including 1,026 and 1,026 shares held in treasury at June 30, 2021 and December 31, 2020, respectively) 690 716
Additional paid-in-capital 3,823,290 3,862,949
Treasury stock at cost (124,049) (124,049)
Accumulated other comprehensive loss (66,863) (67,247)
Retained earnings 934,132 1,015,462
Total SL Green stockholders' equity 4,789,132 4,909,763
Noncontrolling interests in other partnerships 24,625 26,032
Total equity 4,813,757 4,935,795
SL Green stockholders equity:    
Total liabilities and equity/capital 11,166,164 11,707,567
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,403,399 1,315,832
Building and improvements 4,088,659 4,168,193
Building leasehold and improvements 1,642,595 1,448,134
Right of use asset - financing leases 27,445 55,711
Right of use asset - operating leases 502,316 367,209
Total commercial real estate properties, at cost 7,664,414 7,355,079
Less: accumulated depreciation (2,008,438) (1,956,077)
Total commercial real estate properties, net 5,655,976 5,399,002
Cash and cash equivalents 218,337 266,059
Restricted cash 98,164 106,736
Investments in marketable securities 32,339 28,570
Tenant and other receivables 40,147 44,507
Related party receivables 36,430 34,657
Deferred rents receivable 304,140 302,791
Debt and preferred equity investments, net of discounts and deferred origination fees of $7,922 and $11,232 and allowances of $13,213 and $13,213 in 2021 and 2020, respectively 1,072,711 1,076,542
Investments in unconsolidated joint ventures 3,209,151 3,823,322
Deferred costs, net 161,962 177,168
Other assets 336,807 448,213
Total assets [2] 11,166,164 11,707,567
Liabilities    
Mortgages and other loans payable, net 1,857,829 1,979,972
Revolving credit facility, net 0 105,262
Unsecured term loans, net 1,496,062 1,495,275
Unsecured notes, net 1,248,930 1,248,219
Accrued interest payable 13,771 14,825
Other liabilities 193,321 302,798
Accounts payable and accrued expenses 126,929 151,309
Deferred revenue 114,536 118,572
Lease liability - financing leases 124,808 152,521
Lease liability - operating leases 443,313 339,458
Dividend and distributions payable 24,407 149,294
Security deposits 54,797 53,836
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 5,798,703 6,211,341
Commitments and contingencies
Limited partner interests in SLGOP (3,808 and 3,939 limited partner common units outstanding at June 30, 2021 and December 31, 2020, respectively) 355,201 358,262
Preferred units 198,503 202,169
Equity    
Accumulated other comprehensive loss (66,863) (67,247)
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2021 and December 31, 2020 221,932 221,932
SL Green partners' capital (717 and 724 general partner common units and 67,163 and 67,784 limited partner common units outstanding at June 30, 2021 and December 31, 2020, respectively) 4,634,063 4,755,078
Total SLGOP partners' capital 4,789,132 4,909,763
Noncontrolling interests in other partnerships 24,625 26,032
Total capital 4,813,757 4,935,795
Total liabilities and equity/capital 11,166,164 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 281,000 57,900
Building leasehold and improvements 2,000 2,000
Right of use asset - financing leases 53,200 37,800
Less: accumulated depreciation (17,300) (10,300)
Other assets 291,400 289,500
Liabilities    
Mortgages and other loans payable, net 377,100 94,000
Accrued interest payable 1,100 700
Other liabilities 23,600 56,600
Lease liability - financing leases $ 45,400 $ 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, $281.0 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, $17.3 million and $10.3 million of accumulated depreciation, $291.4 million and $289.5 million of other assets included in other line items, $377.1 million and $94.0 million of real estate debt, net, $1.1 million and $0.7 million of accrued interest payable, $45.4 million and $29.9 million of lease liabilities, and $23.6 million and $56.6 million of other liabilities included in other line items as of June 30, 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, $281.0 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, $17.3 million and $10.3 million of accumulated depreciation, $291.4 million and $289.5 million of other assets included in other line items, $377.1 million and $94.0 million of real estate debt, net, $1.1 million and $0.7 million of accrued interest payable, $45.4 million and $29.9 million of lease liabilities, and $23.6 million and $56.6 million of other liabilities included in other line items as of June 30, 2021 and December 31, 2020, respectively.