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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Rental revenue, net $ 150,991 $ 162,952 $ 531,978 $ 474,215
Investment income 9,689 29,513 27,849 69,808
Other income 12,540 19,991 58,038 57,842
Total revenues 173,220 212,456 617,865 601,865
Expenses        
Operating expenses, including related party expenses of $2 and $3 in 2023, and $0 and $5,695 in 2022 49,585 45,011 148,606 127,151
Real estate taxes 31,195 35,111 112,463 96,677
Operating lease rent 7,253 7,388 20,209 20,429
Interest expense, net of interest income 27,440 21,824 109,714 51,854
Amortization of deferred financing costs 2,152 2,043 6,327 5,908
Depreciation and amortization 50,212 48,462 197,844 142,359
Loan loss and other investment reserves, net of recoveries 0 0 6,890 0
Transaction related costs 166 292 1,083 321
Marketing, general and administrative 22,873 21,276 69,132 69,574
Total expenses 190,876 181,407 672,268 514,273
Equity in net loss from unconsolidated joint ventures (15,126) (21,997) (44,470) (31,262)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate 0 0 (79) (131)
Purchase price and other fair value adjustments 10,183 (1,117) (6,987) (7,348)
Gain (loss) on sale of real estate, net 516 4,276 (27,813) (61,104)
Depreciable real estate reserves and impairment 389 0 (305,527) 0
Net (loss) income (21,694) 12,211 (439,279) (12,253)
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interests in the Operating Partnership 1,574 (491) 27,493 1,831
Noncontrolling interests in other partnerships 1,794 993 4,459 (2,269)
Preferred units distributions (1,903) (1,598) (5,352) (4,844)
Net (loss) income attributable to SL Green (20,229) 11,115 (412,679) (17,535)
Perpetual preferred stock dividends (3,738) (3,738) (11,213) (11,213)
Net (loss) income attributable to SL Green common stockholders, basic $ (23,967) $ 7,377 $ (423,892) $ (28,748)
Basic (loss) earnings per share (in dollars per share) $ (0.38) $ 0.11 $ (6.63) $ (0.47)
Diluted (loss) earnings per share (in dollars per share) $ (0.38) $ 0.11 $ (6.63) $ (0.47)
Basic weighted average common shares outstanding (in shares) 64,114 63,949 64,099 63,971
Diluted weighted average common shares and common share equivalents outstanding (in shares) 68,296 68,897 68,274 69,249