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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Rental revenue, net $ 678,176 $ 804,423 $ 983,557
Investment income 80,340 120,163 195,590
Other income 85,475 128,158 59,848
Total revenues 843,991 1,052,744 1,238,995
Expenses      
Operating expenses, including related party expenses of $12,377 in 2021, $12,643 in 2020 and $18,106 in 2019 167,153 183,200 234,676
Real estate taxes 152,835 176,315 190,764
Operating lease rent 26,554 29,043 33,188
Interest expense, net of interest income 70,891 116,679 190,521
Amortization of deferred financing costs 11,424 11,794 11,653
Depreciation and amortization 216,869 313,668 272,358
Loan loss and other investment reserves, net of recoveries 2,931 35,298 0
Transaction related costs 3,773 503 729
Marketing, general and administrative 94,912 91,826 100,875
Total expenses 747,342 958,326 1,034,764
Equity in net loss from unconsolidated joint ventures (55,402) (25,195) (34,518)
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (32,757) 2,961 76,181
Purchase price and other fair value adjustment 210,070 187,522 69,389
Gain on sale of real estate, net 287,417 215,506 (16,749)
Depreciable real estate reserves and impairments (23,794) (60,454) (7,047)
Loss on early extinguishment of debt (1,551) 0 0
Net income 480,632 414,758 291,487
Net income attributable to noncontrolling interests:      
Noncontrolling interests in the Operating Partnership (25,457) (20,016) (13,301)
Net loss (income) attributable to noncontrolling interests in other partnerships 1,884 (14,940) 3,159
Preferred unit distributions (7,305) (8,747) (10,911)
Net income (loss) attributable to SL Green/SLGOP 449,754 371,055 270,434
Perpetual preferred stock dividends (14,950) (14,950) (14,950)
Net income attributable to SL Green common stockholders $ 434,804 $ 356,105 $ 255,484
Basic earnings per share (in dollars per share) $ 6.57 $ 5.03 $ 3.29
Diluted earnings per share (in dollars per share) $ 6.50 $ 5.01 $ 3.28
Basic weighted average common shares outstanding (in shares) 65,740 70,397 77,057
Diluted weighted average common shares and common share equivalents outstanding (in shares) 70,769 75,078 81,865