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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Rental revenue, net $ 185,945 $ 155,232 $ 380,987 $ 311,263
Investment income 9,103 20,407 18,160 40,295
Other income 26,022 25,806 45,498 37,851
Total revenues 221,070 201,445 444,645 389,409
Expenses        
Operating expenses, including related party expenses of $0 and $1 in 2023, and $3,172 and $5,695 in 2022 46,957 39,557 99,021 82,140
Real estate taxes 39,885 30,819 81,268 61,566
Operating lease rent 6,655 6,477 12,956 13,041
Interest expense, net of interest income 40,621 14,960 82,274 30,030
Amortization of deferred financing costs 2,154 1,917 4,175 3,865
Depreciation and amortization 69,084 46,914 147,632 93,897
Loan loss and other investment reserves, net of recoveries 0 0 6,890 0
Transaction related costs 33 1 917 29
Marketing, general and administrative 22,974 23,522 46,259 48,298
Total expenses 228,363 164,167 481,392 332,866
Equity in net loss from unconsolidated joint ventures (21,932) (4,550) (29,344) (9,265)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate 0 (131) (79) (131)
Purchase price and other fair value adjustments (17,409) (6,168) (17,170) (6,231)
Loss on sale of real estate, net (26,678) (64,378) (28,329) (65,380)
Depreciable real estate reserves and impairment (305,916) 0 (305,916) 0
Net loss (379,228) (37,949) (417,585) (24,464)
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership 23,582 2,813 25,919 2,321
Noncontrolling interests in other partnerships 1,040 (3,404) 2,665 (3,261)
Preferred units distributions (1,851) (1,599) (3,449) (3,246)
Net loss attributable to SL Green (356,457) (40,139) (392,450) (28,650)
Perpetual preferred stock dividends (3,737) (3,737) (7,475) (7,475)
Net loss attributable to SL Green common stockholders $ (360,194) $ (43,876) $ (399,925) $ (36,125)
Basic earnings per share (in dollars per share) $ (5.63) $ (0.70) $ (6.25) $ (0.58)
Diluted earnings per share (in dollars per share) $ (5.63) $ (0.70) $ (6.25) $ (0.58)
Basic weighted average common shares outstanding (in shares) 64,102 63,798 64,091 63,987
Diluted weighted average common shares and common share equivalents outstanding (in shares) 68,341 69,020 68,263 69,422