XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Rental revenue, net $ 156,031 $ 188,089
Investment income 19,888 19,273
Other income 12,045 18,740
Total revenues 187,964 226,102
Expenses    
Operating expenses, including related party expenses of $2,523 in 2022 and $2,225 in 2021 42,583 42,284
Real estate taxes 30,747 45,411
Operating lease rent 6,564 6,739
Interest expense, net of interest income 15,070 23,388
Amortization of deferred financing costs 1,948 3,774
Depreciation and amortization 46,983 62,996
Transaction related costs 28 22
Marketing, general and administrative 24,776 22,885
Total expenses 168,699 207,499
Equity in net loss from unconsolidated joint ventures (4,715) (2,864)
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate 0 (12,629)
Purchase price and other fair value adjustment (63) 2,664
Loss on sale of real estate, net (1,002) (1,388)
Depreciable real estate reserves and impairment 0 (8,241)
Net income (loss) 13,485 (3,855)
Net income attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (492) 476
Noncontrolling interests in other partnerships 143 1,499
Preferred unit distributions (1,647) (1,846)
Net income (loss) attributable to SL Green/SLGOP 11,489 (3,726)
Perpetual preferred stock dividends (3,738) (3,738)
Net income (loss) attributable to SL Green common stockholders $ 7,751 $ (7,464)
Basic earnings (loss) per share (in dollars per share) $ 0.12 $ (0.12)
Diluted earnings (loss) per share (in dollars per share) $ 0.11 $ (0.12)
Basic weighted average common shares outstanding (in shares) 64,349 66,961
Diluted weighted average common shares and common share equivalents outstanding (in shares) 70,228 72,004