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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Rental revenue, net $ 155,232 $ 184,611 $ 311,263 $ 372,700
Investment income 20,407 20,107 40,295 39,380
Other income 25,806 13,389 37,851 32,129
Total revenues 201,445 218,107 389,409 444,209
Expenses        
Operating expenses, including related party expenses of $3,172 and $5,695 in 2022, and $3,039 and $5,264 in 2021 39,557 43,883 82,140 86,167
Real estate taxes 30,819 43,768 61,566 89,179
Operating lease rent 6,477 6,707 13,041 13,446
Interest expense, net of interest income 14,960 18,960 30,030 42,348
Amortization of deferred financing costs 1,917 3,386 3,865 7,160
Depreciation and amortization 46,914 57,261 93,897 120,257
Transaction related costs 1 3 29 25
Marketing, general and administrative 23,522 22,064 48,298 44,949
Total expenses 164,167 196,032 332,866 403,531
Equity in net loss from unconsolidated joint ventures (4,550) (12,970) (9,265) (15,834)
Equity in net (loss) gain on sale of interest in unconsolidated joint venture/real estate (131) 8,471 (131) (4,158)
Purchase price and other fair value adjustments (6,168) (1,947) (6,231) 717
(Loss) gain on sale of real estate, net (64,378) 98,960 (65,380) 97,572
Depreciable real estate reserves and impairment 0 2,545 0 (5,696)
Net (loss) income (37,949) 117,134 (24,464) 113,279
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership 2,813 (6,282) 2,321 (5,806)
Noncontrolling interests in other partnerships (3,404) 40 (3,261) 1,539
Preferred units distributions (1,599) (1,823) (3,246) (3,669)
Net (loss) income attributable to SL Green (40,139) 109,069 (28,650) 105,343
Perpetual preferred stock dividends (3,737) (3,737) (7,475) (7,475)
Net (loss) income attributable to SL Green common stockholders $ (43,876) $ 105,332 $ (36,125) $ 97,868
Basic earnings per share (in dollars per share) $ (0.70) $ 1.56 $ (0.58) $ 1.45
Diluted earnings per share (in dollars per share) $ (0.70) $ 1.56 $ (0.58) $ 1.44
Basic weighted average common shares outstanding (in shares) 63,798 66,931 63,987 66,948
Diluted weighted average common shares and common share equivalents outstanding (in shares) 69,020 71,672 69,422 71,838