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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land and land interests $ 1,357,041 $ 1,092,671
Building and improvements 3,862,224 3,655,624
Building leasehold and improvements 1,388,476 1,354,569
Total commercial real estate properties, at cost 6,607,741 6,102,864
Less: accumulated depreciation (2,126,081) (1,968,004)
Total commercial real estate properties, net 4,481,660 4,134,860
Cash and cash equivalents 184,294 221,823
Restricted cash 147,344 113,696
Investments in marketable securities 22,812 9,591
Tenant and other receivables 44,055 33,270
Related party receivables 26,865 12,168
Deferred rents receivable 266,428 264,653
Debt and preferred equity investments, net of discounts and deferred origination fees of $1,618 and $1,630 and allowances of $13,520 and $13,520 in 2024 and 2023, respectively 303,726 346,745
Investments in unconsolidated joint ventures 2,690,138 2,983,313
Deferred costs, net 117,132 111,463
Right of use asset - operating leases 865,639 885,929
Real estate loans held by consolidated securitization vehicles (includes $584,134 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) 709,095 0
Other assets 610,911 413,670
Total assets [1] 10,470,099 9,531,181
Liabilities    
Mortgages and other loans payable, net 1,944,635 1,491,319
Revolving credit facility, net 316,240 554,752
Unsecured term loans, net 1,146,010 1,244,881
Unsecured notes, net 99,897 99,795
Accrued interest payable 16,527 17,930
Senior obligations of consolidated securitization vehicles (includes $567,487 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) 590,131 0
Other liabilities (includes $251,096 and $259,392 at fair value as of December 31, 2024 and December 31, 2023, respectively) 414,153 471,401
Accounts payable and accrued expenses 122,674 153,164
Deferred revenue 164,887 134,053
Lease liability - financing leases 106,853 105,531
Lease liability - operating leases 810,989 827,692
Dividend and distributions payable 21,816 20,280
Security deposits 60,331 49,906
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 5,915,143 5,270,704
Commitments and contingencies (See Note 20)
Noncontrolling interests in Operating Partnership 288,941 238,051
Preferred units and redeemable equity 196,064 166,501
SL Green stockholders' equity:    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2024 and 2023 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 71,097 and 65,786 issued and outstanding at December 31, 2024 and 2023, respectively (including 0 and 1,060 shares held in treasury at December 31, 2024 and 2023, respectively) 711 660
Additional paid-in-capital 4,159,562 3,826,452
Treasury stock at cost 0 (128,655)
Accumulated other comprehensive income 18,196 17,477
Retained deficit (449,101) (151,551)
Total SL Green stockholders' equity 3,951,300 3,786,315
Noncontrolling interests in other partnerships 118,651 69,610
Total equity 4,069,951 3,855,925
Total liabilities and equity/capital $ 10,470,099 $ 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: $236.7 million and $41.2 million of land, $159.1 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, $4.1 million and $5.4 million of accumulated depreciation, 709.1 million and — million of real estate loans held by consolidated securitization vehicles, $830.3 million and $676.9 million of other assets included in other line items, $357.9 million and $50.0 million of real estate debt, net, $1.1 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, 590.1 million and — million of senior obligations of consolidated securitization vehicles and $324.8 million and $306.5 million of other liabilities included in other line items as of December 31, 2024 and December 31, 2023, respectively.