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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Rental revenue, net $ 1,077,976 $ 961,935 $ 782,530
Escalation and reimbursement 167,388 145,596 118,212
Investment and preferred equity income 119,155 120,418 147,926
Other income 35,736 35,479 35,718
Total revenues 1,400,255 1,263,428 1,084,386
Expenses      
Operating expenses (including $18,101 (2012), $16,266 (2011) and $14,320 (2010) paid to related parties) 298,322 263,709 224,693
Real estate taxes 210,467 174,454 145,830
Ground rent 37,866 32,919 31,191
Interest expense, net of interest income 330,569 285,917 230,648
Amortization of deferred financing costs 19,450 14,118 9,046
Depreciation and amortization 332,028 277,345 225,193
Loan loss and other investment reserves, net of recoveries 564 6,722 17,751
Transaction related costs 5,625 5,561 11,849
Marketing, general and administrative 82,840 80,103 75,946
Total expenses 1,317,731 1,140,848 972,147
Income from continuing operations before equity in net income of unconsolidated joint ventures, gains on sale, purchase price fair value adjustment, depreciable real estate reserves, gain (loss) on early extinguishment of debt, noncontrolling interests and discontinued operations 82,524 122,580 112,239
Equity in net income from unconsolidated joint ventures 76,418 1,583 39,607
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate 37,053 2,918 128,921
Purchase price fair value adjustment   498,195  
Gain on sale of investment in marketable securities 4,940 4,866 490
Depreciable real estate reserves   (5,789) (2,750)
Gain (loss) on early extinguishment of debt (6,978) 904 (1,900)
Income from continuing operations 193,957 625,257 276,607
Net income from discontinued operations 9,116 5,780 7,064
Gain on sale of discontinued operations 6,627 46,085 35,485
Net income 209,700 677,122 319,156
Net income attributable to noncontrolling interests:      
Noncontrolling interests in the operating partnership (5,597) (14,629) (4,574)
Noncontrolling interests in other partnerships (5,591) (15,083) (14,007)
Preferred units distribution (2,107)    
Net income attributable to SL Green 196,405 647,410 300,575
Preferred stock redemption costs (10,010)    
Preferred stock dividends (30,411) (30,178) (29,749)
Net income attributable to SL Green common stockholders 155,984 617,232 270,826
Amounts attributable to SL Green common stockholders:      
Income from continuing operations 105,019 65,523 102,208
Purchase price fair value adjustment   498,195  
Gain on sale of unconsolidated joint ventures/ real estate 35,769 2,850 126,778
Net income from discontinued operations 8,799 5,646 6,946
Gain on sale of discontinued operations 6,397 45,018 34,894
Net income attributable to SL Green common stockholders $ 155,984 $ 617,232 $ 270,826
Basic earnings per share:      
Net income from continuing operations before gains on sale and discontinued operations (in dollars per share) $ 1.18 $ 6.73 $ 1.31
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per share) $ 0.40 $ 0.03 $ 1.62
Net income from discontinued operations (in dollars per share) $ 0.10 $ 0.07 $ 0.09
Gain on sale of discontinued operations (in dollars per share) $ 0.07 $ 0.54 $ 0.45
Net income attributable to SL Green common stockholders (in dollars per share) $ 1.75 $ 7.37 $ 3.47
Diluted earnings per share:      
Net income from continuing operations before gains on sale and discontinued operations (in dollars per share) $ 1.17 $ 6.70 $ 1.30
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per share) $ 0.40 $ 0.03 $ 1.62
Net income from discontinued operations (in dollars per share) $ 0.10 $ 0.07 $ 0.09
Gain on sale of discontinued operations (in dollars per share) $ 0.07 $ 0.53 $ 0.44
Net income attributable to SL Green common stockholders (in dollars per share) $ 1.74 $ 7.33 $ 3.45
Basic weighted average common shares outstanding (in shares) 89,319 83,762 78,101
Diluted weighted average common shares and common share equivalents outstanding (in shares) 92,873 86,244 79,761