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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Rental revenue, net $ 155,363 $ 195,515 $ 528,063 $ 614,032
Investment income 20,072 22,988 59,452 101,464
Other income 29,766 31,341 61,895 102,350
Total revenues 205,201 249,844 649,410 817,846
Expenses        
Operating expenses, including related party expenses of $3,563 and $8,827 in 2021 and $2,801 and $9,289 in 2020 40,684 45,910 126,851 140,673
Real estate taxes 32,139 43,522 121,318 131,805
Operating lease rent 6,557 6,973 20,003 22,171
Interest expense, net of interest income 14,807 23,536 57,155 91,100
Amortization of deferred financing costs 2,345 3,151 9,505 8,312
Depreciation and amortization 49,277 92,516 169,534 256,736
Loan loss and other investment reserves, net of recoveries 0 8,957 0 27,018
Transaction related costs 190 45 215 483
Marketing, general and administrative 23,477 23,602 68,426 66,682
Total expenses 169,476 248,212 573,007 744,980
Equity in net loss from unconsolidated joint ventures (15,487) (432) (31,321) (15,445)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate (1,280) 0 (5,438) 0
Purchase price and other fair value adjustments 208,810 0 209,527 0
Gain on sale of real estate, net 187,766 26,104 285,338 163,624
Depreciable real estate reserves and impairment 0 (6,627) (5,696) (6,627)
Net income 415,534 20,677 528,813 214,418
Net income attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership (22,683) (802) (28,489) (10,073)
Noncontrolling interests in other partnerships 915 (414) 2,454 (1,145)
Preferred units distributions (1,823) (1,864) (5,492) (6,883)
Net income (loss) attributable to SL Green/SLGOP 391,943 17,597 497,286 196,317
Perpetual preferred stock dividends (3,738) (3,738) (11,213) (11,213)
Net income attributable to SL Green common stockholders $ 388,205 $ 13,859 $ 486,073 $ 185,104
Basic earnings per share (usd per share) $ 5.77 $ 0.19 $ 7.08 $ 2.51
Basic earnings per unit (usd per share) 5.77      
Diluted earnings per share (usd per share) $ 5.75 $ 0.19 $ 7.04 $ 2.50
Basic weighted average common shares outstanding (in shares) 66,840 70,943 68,275 73,373
Diluted weighted average common shares and common share equivalents outstanding (in shares) 71,487 75,414 73,087 77,937
SL Green Operating Partnership        
Revenues        
Rental revenue, net $ 155,363 $ 195,515 $ 528,063 $ 614,032
Investment income 20,072 22,988 59,452 101,464
Other income 29,766 31,341 61,895 102,350
Total revenues 205,201 249,844 649,410 817,846
Expenses        
Operating expenses, including related party expenses of $3,563 and $8,827 in 2021 and $2,801 and $9,289 in 2020 40,684 45,910 126,851 140,673
Real estate taxes 32,139 43,522 121,318 131,805
Operating lease rent 6,557 6,973 20,003 22,171
Interest expense, net of interest income 14,807 23,536 57,155 91,100
Amortization of deferred financing costs 2,345 3,151 9,505 8,312
Depreciation and amortization 49,277 92,516 169,534 256,736
Loan loss and other investment reserves, net of recoveries 0 8,957 0 27,018
Transaction related costs 190 45 215 483
Marketing, general and administrative 23,477 23,602 68,426 66,682
Total expenses 169,476 248,212 573,007 744,980
Equity in net loss from unconsolidated joint ventures (15,487) (432) (31,321) (15,445)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate (1,280) 0 (5,438) 0
Purchase price and other fair value adjustments 208,810 0 209,527 0
Gain on sale of real estate, net 187,766 26,104 285,338 163,624
Depreciable real estate reserves and impairment 0 (6,627) (5,696) (6,627)
Net income 415,534 20,677 528,813 214,418
Net income attributable to noncontrolling interests:        
Noncontrolling interests in other partnerships 915 (414) 2,454 (1,145)
Preferred units distributions (1,823) (1,864) (5,492) (6,883)
Net income (loss) attributable to SL Green/SLGOP 414,626 18,399 525,775 206,390
Perpetual preferred unit distributions (3,738) (3,738) (11,213) (11,213)
Net income attributable to SLGOP common unitholders $ 410,888 $ 14,661 $ 514,562 $ 195,177
Basic earnings per unit (usd per share)   $ 0.19 $ 7.08 $ 2.51
Diluted earnings per unit (usd per share) $ 5.75 $ 0.19 $ 7.04 $ 2.50
Basic weighted average common units outstanding (in shares) 70,674 74,972 72,299 77,496
Diluted weighted average common units and common unit equivalents outstanding (in shares) 71,487 75,414 73,087 77,937