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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Commercial real estate properties, at cost:    
Land and land interests $ 1,448,504 $ 1,357,041
Building and improvements 3,867,078 3,862,224
Building leasehold and improvements 1,415,754 1,388,476
Total commercial real estate properties, at cost 6,731,336 6,607,741
Less: accumulated depreciation (2,220,242) (2,126,081)
Total commercial real estate properties, net 4,511,094 4,481,660
Cash and cash equivalents 182,912 184,294
Restricted cash 159,905 147,344
Investments in marketable securities 17,151 22,812
Tenant and other receivables 44,444 44,055
Related party receivables 12,030 26,865
Deferred rents receivable 267,046 266,428
Debt and preferred equity investments, net of discounts and deferred origination fees of $413 and $1,618 and allowances of $454 and $13,520 in 2025 and 2024, respectively 315,684 303,726
Investments in unconsolidated joint ventures 2,701,382 2,690,138
Debt fund investments, at fair value 41,356 0
Deferred costs, net of amortization of $175,949 and $308,923, respectively 117,964 117,132
Right-of-use assets - operating leases 875,379 865,639
Real estate loans held by consolidated securitization vehicles (includes $1,431,362 and $584,134 at fair value as of June 30, 2025 and December 31, 2024, respectively) 1,431,362 709,095
Other assets 574,620 610,911
Total assets [1] 11,252,329 10,470,099
Liabilities    
Mortgages and other loans payable, net 2,035,822 1,944,635
Revolving credit facility, net 357,018 316,240
Unsecured term loans, net 1,146,825 1,146,010
Unsecured notes, net 99,949 99,897
Accrued interest payable 16,066 16,527
Senior obligations of consolidated securitization vehicles (includes $1,431,362 and $567,487 at fair value as of June 30, 2025 and December 31, 2024, respectively) 1,431,362 590,131
Other liabilities 409,549 414,153
Accounts payable and accrued expenses 130,656 122,674
Deferred revenue 158,111 164,887
Lease liability - financing leases 107,513 106,853
Lease liability - operating leases 814,088 810,989
Dividend and distributions payable 22,150 21,816
Security deposits 60,825 60,331
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 6,889,934 5,915,143
Commitments and contingencies (See Note 19)
Noncontrolling interests in Operating Partnership 287,151 288,941
Preferred units 195,141 196,064
Equity    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2025 and December 31, 2024 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 71,025 and 71,097 issued and outstanding at June 30, 2025 and December 31, 2024, respectively 710 711
Additional paid-in-capital 4,198,303 4,159,562
Accumulated other comprehensive (loss) income (16,324) 18,196
Retained deficit (613,117) (449,101)
Total SL Green stockholders' equity 3,791,504 3,951,300
Noncontrolling interests in other partnerships 88,599 118,651
Total equity 3,880,103 4,069,951
Total liabilities and equity $ 11,252,329 $ 10,470,099
[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 $236.7 million of land, $174.4 million and $159.1 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $8.9 million and $4.1 million of accumulated depreciation, $41.4 million and $— of debt fund investments, $1,431.4 million and $709.1 million of real estate loans held by consolidated securitization vehicles, $869.6 million and $830.3 million of other assets included in other line items, $374.4 million and $357.9 million of real estate debt, net, $1.0 million and $1.1 million of accrued interest payable, $— million and $— million of lease liabilities, $1,431.4 million and $590.1 million of senior obligations of consolidated securitization vehicles and $316.8 million and $324.8 million of other liabilities included in other line items as of June 30, 2025 and December 31, 2024, respectively.