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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Rental revenue, net $ 162,952 $ 155,363 $ 474,215 $ 528,063
Investment income 29,513 20,072 69,808 59,452
Other income 19,991 29,766 57,842 61,895
Total revenues 212,456 205,201 601,865 649,410
Expenses        
Operating expenses, including related party expenses of $— and $5,695 in 2022, and $3,563 and $8,827 in 2021 45,011 40,684 127,151 126,851
Real estate taxes 35,111 32,139 96,677 121,318
Operating lease rent 7,388 6,557 20,429 20,003
Interest expense, net of interest income 21,824 14,807 51,854 57,155
Amortization of deferred financing costs 2,043 2,345 5,908 9,505
Depreciation and amortization 48,462 49,277 142,359 169,534
Transaction related costs 292 190 321 215
Marketing, general and administrative 21,276 23,477 69,574 68,426
Total expenses 181,407 169,476 514,273 573,007
Equity in net loss from unconsolidated joint ventures (21,997) (15,487) (31,262) (31,321)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate 0 (1,280) (131) (5,438)
Purchase price and other fair value adjustments (1,117) 208,810 (7,348) 209,527
Gain (loss) on sale of real estate, net 4,276 187,766 (61,104) 285,338
Depreciable real estate reserves and impairment 0 0 0 (5,696)
Net income (loss) 12,211 415,534 (12,253) 528,813
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership (491) (22,683) 1,831 (28,489)
Noncontrolling interests in other partnerships 993 915 (2,269) 2,454
Preferred units distributions (1,598) (1,823) (4,844) (5,492)
Net income (loss) attributable to SL Green 11,115 391,943 (17,535) 497,286
Perpetual preferred stock dividends (3,738) (3,738) (11,213) (11,213)
Net income (loss) attributable to SL Green common stockholders $ 7,377 $ 388,205 $ (28,748) $ 486,073
Basic earnings per share (in dollars per share) $ 0.11 $ 5.95 $ (0.47) $ 7.29
Diluted earnings per share (in dollars per share) $ 0.11 $ 5.91 $ (0.47) $ 7.24
Basic weighted average common shares outstanding (in shares) 63,949 64,856 63,971 66,248
Diluted weighted average common shares and common share equivalents outstanding (in shares) 68,897 69,496 69,249 71,049