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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Commercial real estate properties, at cost:    
Land and land interests $ 1,489,101 $ 1,315,832
Building and improvements 3,828,052 4,168,193
Building leasehold and improvements 1,649,796 1,448,134
Right of use asset - financing leases 27,445 55,711
Right of use asset - operating leases 498,416 367,209
Total commercial real estate properties, at cost 7,492,810 7,355,079
Less: accumulated depreciation (1,904,465) (1,956,077)
Total commercial real estate properties, net 5,588,345 5,399,002
Cash and cash equivalents 257,941 266,059
Restricted cash 87,992 106,736
Investments in marketable securities 34,428 28,570
Tenant and other receivables 44,964 44,507
Related party receivables 35,674 34,657
Deferred rents receivable 254,277 302,791
Debt and preferred equity investments, net of discounts and deferred origination fees of $6,494 and $11,232 and allowances of $6,630 and $13,213 in 2021 and 2020, respectively 1,052,110 1,076,542
Investments in unconsolidated joint ventures 3,028,084 3,823,322
Deferred costs, net 124,637 177,168
Other assets 347,407 448,213
Total assets [1] 10,855,859 11,707,567
Liabilities    
Mortgages and other loans payable, net 1,422,287 1,979,972
Revolving credit facility, net 216,902 105,262
Unsecured term loans, net 1,496,583 1,495,275
Unsecured notes, net 899,118 1,248,219
Accrued interest payable 20,777 14,825
Other liabilities 157,375 302,798
Accounts payable and accrued expenses 137,946 151,309
Deferred revenue 120,567 118,572
Lease liability - financing leases 125,168 152,521
Lease liability - operating leases 437,357 339,458
Dividend and distributions payable 23,958 149,294
Security deposits 54,366 53,836
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,212,404 6,211,341
Commitments and contingencies
Noncontrolling interests in Operating Partnership 362,737 358,262
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 September 30, 2021 and December 31, 2020 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 67,926 and 69,534 issued and outstanding at September 30, 2021 and December 31, 2020, respectively (including 1,061 and 1,026 shares held in treasury at September 30, 2021 and December 31, 2020, respectively) 680 716
Additional paid-in-capital 3,774,119 3,862,949
Treasury stock at cost (126,160) (124,049)
Accumulated other comprehensive loss (60,597) (67,247)
Retained earnings 1,258,232 1,015,462
Total SL Green stockholders' equity 5,068,206 4,909,763
Noncontrolling interests in other partnerships 14,009 26,032
Total equity 5,082,215 4,935,795
SL Green stockholders equity:    
Total liabilities and equity/capital 10,855,859 11,707,567
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,489,101 1,315,832
Building and improvements 3,828,052 4,168,193
Building leasehold and improvements 1,649,796 1,448,134
Right of use asset - financing leases 27,445 55,711
Right of use asset - operating leases 498,416 367,209
Total commercial real estate properties, at cost 7,492,810 7,355,079
Less: accumulated depreciation (1,904,465) (1,956,077)
Total commercial real estate properties, net 5,588,345 5,399,002
Cash and cash equivalents 257,941 266,059
Restricted cash 87,992 106,736
Investments in marketable securities 34,428 28,570
Tenant and other receivables 44,964 44,507
Related party receivables 35,674 34,657
Deferred rents receivable 254,277 302,791
Debt and preferred equity investments, net of discounts and deferred origination fees of $6,494 and $11,232 and allowances of $6,630 and $13,213 in 2021 and 2020, respectively 1,052,110 1,076,542
Investments in unconsolidated joint ventures 3,028,084 3,823,322
Deferred costs, net 124,637 177,168
Other assets 347,407 448,213
Total assets [2] 10,855,859 11,707,567
Liabilities    
Mortgages and other loans payable, net 1,422,287 1,979,972
Revolving credit facility, net 216,902 105,262
Unsecured term loans, net 1,496,583 1,495,275
Unsecured notes, net 899,118 1,248,219
Accrued interest payable 20,777 14,825
Other liabilities 157,375 302,798
Accounts payable and accrued expenses 137,946 151,309
Deferred revenue 120,567 118,572
Lease liability - financing leases 125,168 152,521
Lease liability - operating leases 437,357 339,458
Dividend and distributions payable 23,958 149,294
Security deposits 54,366 53,836
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 5,212,404 6,211,341
Commitments and contingencies
Limited partner interests in SLGOP (3,888 and 3,939 limited partner common units outstanding at September 30, 2021 and December 31, 2020, respectively) 362,737 358,262
Preferred units 198,503 202,169
Equity    
Accumulated other comprehensive loss (60,597) (67,247)
SL Green stockholders equity:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2021 and December 31, 2020 221,932 221,932
SL Green partners' capital (707 and 724 general partner common units and 66,158 and 67,784 limited partner common units outstanding at September 30, 2021 and December 31, 2020, respectively) 4,906,871 4,755,078
Total SLGOP partners' capital 5,068,206 4,909,763
Noncontrolling interests in other partnerships 14,009 26,032
Total capital 5,082,215 4,935,795
Total liabilities and equity/capital $ 10,855,859 $ 11,707,567
[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: $316.0 million and $41.2 million of land, $341.2 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, $18.5 million and $10.3 million of accumulated depreciation, $293.8 million and $289.5 million of other assets included in other line items, $450.1 million and $94.0 million of real estate debt, net, $1.3 million and $0.7 million of accrued interest payable, $45.4 million and $29.9 million of lease liabilities, and $24.9 million and $56.6 million of other liabilities included in other line items as of September 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: $316.0 million and $41.2 million of land, $341.2 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, $18.5 million and $10.3 million of accumulated depreciation, $293.8 million and $289.5 million of other assets included in other line items, $450.1 million and $94.0 million of real estate debt, net, $1.3 million and $0.7 million of accrued interest payable, $45.4 million and $29.9 million of lease liabilities, and $24.9 million and $56.6 million of other liabilities included in other line items as of September 30, 2021 and December 31, 2020, respectively.