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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental revenue, net $ 141,504 $ 195,042
SUMMIT Operator revenue 25,604 19,771
Investment income 7,403 9,057
Other income 13,371 21,894
Total revenues 187,882 245,764
Expenses    
Operating expenses, including related party expenses of $0 in 2024, and $1 in 2023 43,608 52,064
Real estate taxes 31,606 41,383
Operating lease rent 6,405 6,301
SUMMIT Operator expenses 21,858 20,688
Interest expense, net of interest income 31,173 41,653
Amortization of deferred financing costs 1,539 2,021
SUMMIT Operator tax (benefit) expense (1,295) 1,267
Depreciation and amortization 48,584 78,782
Loan loss and other investment reserves, net of recoveries 0 6,890
Transaction related costs 16 884
Marketing, general and administrative 21,313 23,285
Total expenses 204,807 275,218
Equity in net income (loss) from unconsolidated joint ventures 111,160 (7,412)
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate 26,764 (79)
Purchase price and other fair value adjustments (50,492) 239
Loss on sale of real estate, net 0 (1,651)
Depreciable real estate reserves and impairment (52,118) 0
Income from continuing operations 18,389 (38,357)
Net income (loss) 18,389 (38,357)
Net loss attributable to noncontrolling interests:    
Noncontrolling interests in the Operating Partnership (901) 2,337
Noncontrolling interests in other partnerships 1,294 1,625
Preferred units distributions (1,903) (1,598)
Net income (loss) attributable to SL Green 16,879 (35,993)
Perpetual preferred stock dividends (3,738) (3,738)
Net income (loss) attributable to SL Green common stockholders $ 13,141 $ (39,731)
Basic earnings (loss) per share (in dollars per share) $ 0.20 $ (0.63)
Diluted earnings (loss) per share (in dollars per share) $ 0.20 $ (0.63)
Basic weighted average common shares outstanding (in shares) 64,328 64,079
Diluted weighted average common shares and common share equivalents outstanding (in shares) 70,095 68,182