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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Commercial real estate properties, at cost:    
Land and land interests $ 1,071,469 $ 1,576,927
Building and improvements 3,494,853 4,903,776
Building leasehold and improvements 1,397,573 1,691,831
Right of use asset - operating leases 953,236 1,026,265
Total commercial real estate properties, at cost 6,917,131 9,198,799
Less: accumulated depreciation (1,950,028) (2,039,554)
Total commercial real estate properties, net 4,967,103 7,159,245
Cash and cash equivalents 191,979 203,273
Restricted cash 119,080 180,781
Investments in marketable securities 9,797 11,240
Tenant and other receivables 36,657 34,497
Related party receivables 28,955 27,352
Deferred rents receivable 260,625 257,887
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,645 and $1,811 and allowances of $13,520 and $6,630 in 2023 and 2022, respectively 636,476 623,280
Investments in unconsolidated joint ventures 3,228,663 3,190,137
Deferred costs, net 112,347 121,157
Other assets 449,606 546,945
Total assets [1] 10,041,288 12,355,794
Liabilities    
Mortgages and other loans payable, net 1,513,406 3,227,563
Revolving credit facility, net 423,985 443,217
Unsecured term loans, net 1,667,784 1,641,552
Unsecured notes, net 99,744 99,692
Accrued interest payable 15,711 14,227
Other liabilities 330,799 236,211
Accounts payable and accrued expenses 116,700 154,867
Deferred revenue 125,589 272,248
Lease liability - financing leases 104,870 104,218
Lease liability - operating leases 890,305 895,100
Dividend and distributions payable 21,750 21,569
Security deposits 49,877 50,472
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,460,520 7,260,936
Commitments and contingencies
Noncontrolling interests in Operating Partnership 254,434 269,993
Preferred units 166,501 177,943
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2023 and December 31, 2022 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 65,447 and 65,440 issued and outstanding at June 30, 2023 and December 31, 2022, respectively (including 1,060 and 1,060 shares held in treasury at June 30, 2023 and December 31, 2022, respectively) 656 656
Additional paid-in-capital 3,805,704 3,790,358
Treasury stock at cost (128,655) (128,655)
Accumulated other comprehensive income 57,769 49,604
Retained earnings 135,518 651,138
Total SL Green stockholders' equity 4,092,924 4,585,033
Noncontrolling interests in other partnerships 66,909 61,889
Total equity 4,159,833 4,646,922
Total liabilities and equity/capital $ 10,041,288 $ 12,355,794
[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: $41.2 million and $41.2 million of land, $39.4 million and $41.0 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $4.9 million and $4.4 million of accumulated depreciation, $666.2 million and $599.2 million of other assets included in other line items, $49.9 million and $49.8 million of real estate debt, net, $0.2 million and $0.2 million of accrued interest payable, $— million and $— million of lease liabilities, and $177.1 million and $146.4 million of other liabilities included in other line items as of June 30, 2023 and December 31, 2022, respectively.