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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Commercial real estate properties, at cost:    
Land and land interests $ 1,209,913 $ 1,350,701
Building and improvements 3,579,961 3,671,402
Building leasehold and improvements 1,666,935 1,645,081
Right of use asset - operating leases 983,723 983,723
Total commercial real estate properties, at cost 7,440,532 7,650,907
Less: accumulated depreciation (1,961,766) (1,896,199)
Total commercial real estate properties, net 5,478,766 5,754,708
Assets held for sale 0 140,855
Cash and cash equivalents 189,360 251,417
Restricted cash 87,701 85,567
Investments in marketable securities 26,260 34,752
Tenant and other receivables 40,909 47,616
Related party receivables 27,293 29,408
Deferred rents receivable 249,998 248,313
Debt and preferred equity investments, net of discounts and deferred origination fees of $2,482 and $5,057 and allowances of $6,630 and $6,630 in 2022 and 2021, respectively 1,134,080 1,088,723
Investments in unconsolidated joint ventures 3,074,200 2,997,934
Deferred costs, net 118,829 124,495
Other assets 277,487 262,841
Total assets [1] 10,704,883 11,066,629
Liabilities    
Mortgages and other loans payable, net 1,516,921 1,394,386
Revolving credit facility, net 122,407 381,334
Unsecured term loans, net 1,242,619 1,242,002
Unsecured notes, net 899,658 899,308
Accrued interest payable 11,862 12,698
Other liabilities 264,876 195,390
Accounts payable and accrued expenses 145,237 157,571
Deferred revenue 104,295 107,275
Lease liability - financing leases 103,561 102,914
Lease liability - operating leases 852,614 851,370
Dividend and distributions payable 24,456 187,372
Security deposits 54,696 52,309
Liabilities related to assets held for sale 0 64,120
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,443,202 5,748,049
Commitments and contingencies
Noncontrolling interests in Operating Partnership 334,974 344,252
Preferred units 177,943 196,075
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2022 and December 31, 2021 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 65,362 and 65,132 issued and outstanding at June 30, 2022 and December 31, 2021, respectively (including 1,060 and 1,027 shares held in treasury at June 30, 2022 and December 31, 2021, respectively) 655 672
Additional paid-in-capital 3,801,272 3,739,409
Treasury stock at cost (128,655) (126,160)
Accumulated other comprehensive income (loss) 8,595 (46,758)
Retained earnings 779,999 975,781
Total SL Green stockholders' equity 4,683,798 4,764,876
Noncontrolling interests in other partnerships 64,966 13,377
Total equity 4,748,764 4,778,253
Total liabilities and equity/capital 10,704,883 11,066,629
Service Corporation    
Commercial real estate properties, at cost:    
Land and land interests 179,600 193,400
Building and improvements 302,000 336,900
Building leasehold and improvements 0 0
Less: accumulated depreciation (12,500) (11,700)
Other assets 608,200 574,400
Liabilities    
Mortgages and other loans payable, net 386,800 418,900
Other liabilities 152,400 145,200
Lease liability - financing leases $ 15,300 $ 15,300
[1] (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 $193.4 million of land, $302.0 million and $336.9 million of building and improvements, $— million and $— million of building and leasehold improvements, $15.4 million and $15.4 million of right of use assets, $12.5 million and $11.7 million of accumulated depreciation, $608.2 million and $574.4 million of other assets included in other line items, $386.8 million and $418.9 million of real estate debt, net, $0.1 million and $0.8 million of accrued interest payable, $15.3 million and $15.3 million of lease liabilities, and $152.4 million and $145.2 million of other liabilities included in other line items as of June 30, 2022 and December 31, 2021, respectively.