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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Rental revenue, net $ 961,935 $ 782,530 $ 746,579
Escalation and reimbursement 145,596 118,212 119,029
Investment and preferred equity income 120,418 147,926 65,608
Other income 35,479 35,718 47,145
Total revenues 1,263,428 1,084,386 978,361
Expenses      
Operating expenses (including $16,126 (2011), $14,234 (2010) and $14,882 (2009) paid to affiliates) 263,709 224,693 209,272
Real estate taxes 174,454 145,830 136,636
Ground rent 32,919 31,191 31,826
Interest expense, net of interest income 285,917 230,648 232,655
Amortization of deferred financing costs 14,118 9,046 7,065
Depreciation and amortization 277,345 225,193 220,396
Loan loss and other investment reserves, net of recoveries 6,722 17,751 150,510
Transaction related costs 5,561 11,849  
Marketing, general and administrative 80,103 75,946 73,992
Total expenses 1,140,848 972,147 1,062,352
Income (loss) from continuing operations before equity in net income of unconsolidated joint ventures, gains on sale, purchase price fair value adjustment, noncontrolling interests and discontinued operations 122,580 112,239 (83,991)
Equity in net income from unconsolidated joint ventures 1,583 39,607 62,878
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate 2,918 128,921 6,691
Purchase price fair value adjustment 498,195    
Gain (loss) on sale of investment in marketable securities 4,866 490 (396)
Depreciable real estate reserves (5,789) (2,750)  
Gain (loss) on early extinguishment of debt 904 (1,900) 86,006
Income from continuing operations 625,257 276,607 71,188
Net income from discontinued operations 5,780 7,064 7,318
Gain (loss) on sale of discontinued operations 46,085 35,485 (6,841)
Net income 677,122 319,156 71,665
Net income attributable to noncontrolling interests in the operating partnership (14,629) (4,574) (1,221)
Net income attributable to noncontrolling interests in other partnerships (15,083) (14,007) (12,900)
Net income attributable to SL Green 647,410 300,575 57,544
Preferred stock dividends (30,178) (29,749) (19,875)
Net income attributable to SL Green common stockholders 617,232 270,826 37,669
Amounts attributable to SL Green common stockholders:      
Income (loss) from continuing operations 563,718 102,208 30,724
Net income from discontinued operations 5,646 6,946 7,091
Gain (loss) on sale of discontinued operations 45,018 34,894 (6,630)
Gain on sale of unconsolidated joint ventures/ real estate 2,850 126,778 6,484
Net income $ 617,232 $ 270,826 $ 37,669
Basic earnings per share:      
Net income (loss) from continuing operations before gains on sale and discontinued operations (in dollars per share) $ 6.73 $ 1.31 $ 0.45
Net income from discontinued operations (in dollars per share) $ 0.07 $ 0.09 $ 0.10
Gain (loss) on sale of discontinued operations (in dollars per share) $ 0.54 $ 0.45 $ (0.10)
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate (in dollars per share) $ 0.03 $ 1.62 $ 0.09
Net income attributable to SL Green common stockholders (in dollars per share) $ 7.37 $ 3.47 $ 0.54
Diluted earnings per share:      
Net income (loss) from continuing operations before gains on sale and discontinued operations (in dollars per share) $ 6.70 $ 1.30 $ 0.45
Net income from discontinued operations (in dollars per share) $ 0.07 $ 0.09 $ 0.10
Gain (loss) on sale of discontinued operations (in dollars per share) $ 0.53 $ 0.44 $ (0.10)
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate (in dollars per share) $ 0.03 $ 1.62 $ 0.09
Net income attributable to SL Green common stockholders (in dollars per share) $ 7.33 $ 3.45 $ 0.54
Basic weighted average common shares outstanding (in shares) 83,762 78,101 69,735
Diluted weighted average common shares and common share equivalents outstanding (in shares) 86,244 79,761 72,044