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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land and land interests $ 1,150,681 $ 1,092,671
Building and improvements 3,729,884 3,655,624
Building leasehold and improvements 1,358,851 1,354,569
Right of use asset - operating leases 953,236 953,236
Total commercial real estate properties, at cost 7,192,652 7,056,100
Less: accumulated depreciation (2,078,203) (2,035,311)
Total commercial real estate properties, net 5,114,449 5,020,789
Assets held for sale 21,586 0
Cash and cash equivalents 196,035 221,823
Restricted cash 122,461 113,696
Investments in marketable securities 10,673 9,591
Tenant and other receivables 38,659 33,270
Related party receivables 12,229 12,168
Deferred rents receivable 267,969 264,653
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,623 and $1,630 and allowances of $13,520 and $13,520 in 2024 and 2023, respectively 352,347 346,745
Investments in unconsolidated joint ventures 2,984,786 2,983,313
Deferred costs, net 109,296 111,463
Other assets 533,802 413,670
Total assets [1] 9,764,292 9,531,181
Liabilities    
Mortgages and other loans payable, net 1,695,163 1,491,319
Revolving credit facility, net 645,138 554,752
Unsecured term loans, net 1,245,382 1,244,881
Unsecured notes, net 99,820 99,795
Accrued interest payable 23,217 17,930
Other liabilities 437,302 471,401
Accounts payable and accrued expenses 101,495 153,164
Deferred revenue 157,756 134,053
Lease liability - financing leases 105,859 105,531
Lease liability - operating leases 823,594 827,692
Dividend and distributions payable 20,135 20,280
Security deposits 56,398 49,906
Liabilities related to assets held for sale 10,649 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,521,908 5,270,704
Commitments and contingencies
Noncontrolling interests in Operating Partnership 272,235 238,051
Preferred units 166,501 166,501
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2024 and December 31, 2023 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 65,866 and 65,786 issued and outstanding at March 31, 2024 and December 31, 2023, respectively (including 1,060 and 1,060 shares held in treasury at March 31, 2024 and December 31, 2023, respectively) 660 660
Additional paid-in-capital 3,831,130 3,826,452
Treasury stock at cost (128,655) (128,655)
Accumulated other comprehensive income 40,151 17,477
Retained deficit (229,607) (151,551)
Total SL Green stockholders' equity 3,735,611 3,786,315
Noncontrolling interests in other partnerships 68,037 69,610
Total equity 3,803,648 3,855,925
Total liabilities and equity $ 9,764,292 $ 9,531,181
[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: $120.4 million and $41.2 million of land, $81.3 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $5.7 million and $5.4 million of accumulated depreciation, $785.1 million and $676.9 million of other assets included in other line items, $254.3 million and $50.0 million of real estate debt, net, $2.7 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, and $332.5 million and $306.5 million of other liabilities included in other line items as of March 31, 2024 and December 31, 2023, respectively.