Stockholders' Equity of the Company (Tables)

9 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

Class of treasury stock

As of September 30, 2022, share repurchases executed under the program, excluding the redemption of OP units, were as follows:

Period	Shares repurchased	Average price paid per share	Cumulative number of shares repurchased as part of the repurchase plan or programs
Year ended 2017	7,865,206	$107.81	7,865,206
Year ended 2018	9,187,480	$102.06	17,052,686
Year ended 2019	4,333,260	$88.69	21,385,946
Year ended 2020	8,276,032	$64.30	29,661,978
Year ended 2021	4,474,649	$75.44	34,136,627
Nine months September 30, 2022	1,971,092	$76.69	36,107,719

Schedule of common stock issued and proceeds received dividend reinvestments

The following table summarizes SL Green common stock issued, and proceeds received from dividend reinvestments and/or stock purchases under the DRSPP for the three and nine months ended September 30, 2022 and 2021, respectively (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Shares of common stock issued	2,933		1,944		5,827		8,770
Dividend reinvestments/stock purchases under the DRSPP	$	140	$	146	$	339	$	613

Schedule of earnings per share

SL Green's earnings per share for the three and nine months ended September 30, 2022 and 2021 are computed as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Numerator	2022		2021		2022		2021
Basic Earnings:
Income (loss) attributable to SL Green common stockholders	$	7,377	$	388,205	$	(28,748)	$	486,073
Less: distributed earnings allocated to participating securities	(505)		(357)		(1,516)		(1,071)
Less: undistributed earnings allocated to participating securities	—		(1,977)		—		(1,790)
Net income (loss) attributable to SL Green common stockholders (numerator for basic earnings per share)	$	6,872	$	385,871	$	(30,264)	$	483,212
Add back: dilutive effect of earnings allocated to participating securities and contingently issuable shares	505		357		(484)		1,071
Add back: undistributed earnings allocated to participating securities	—		1,977		—		1,790
Add back: effect of dilutive securities (redemption of units to common shares)	491		22,683		(1,831)		28,489
Net income (loss) attributable to SL Green common stockholders (numerator for diluted earnings per share)	$	7,868	$	410,888	$	(32,579)	$	514,562

	Three Months Ended September 30,		Nine Months Ended September 30,
Denominator	2022	2021	2022	2021
Basic Shares:
Weighted average common stock outstanding	63,949	64,856	63,971	66,248
Effect of Dilutive Securities:
Operating Partnership units redeemable for common shares	4,088	3,834	4,104	4,024
Stock-based compensation plans	860	806	1,052	676
Contingently issuable shares	—	—	122	101
Diluted weighted average common stock outstanding	68,897	69,496	69,249	71,049