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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Rental revenue, net $ 267,691 $ 238,635 $ 528,505 $ 465,655
Escalation and reimbursement 41,584 34,994 83,247 65,269
Investment and preferred equity income 33,448 15,144 59,786 79,823
Other income 6,282 9,932 16,659 17,180
Total revenues 349,005 298,705 688,197 627,927
Expenses        
Operating expenses (including approximately $4,729 and $8,188 (2012) and $3,498 and $6,613 (2011) paid to affiliates) 68,919 62,395 142,188 122,698
Real estate taxes 52,569 43,975 104,067 84,042
Ground rent 8,890 7,813 17,696 15,647
Interest expense, net of interest income 82,327 68,173 162,464 132,439
Amortization of deferred financing costs 3,553 2,684 7,133 6,483
Depreciation and amortization 77,812 65,539 154,895 129,036
Loan loss and other investment reserves, net of recoveries   1,280 564 (1,870)
Transaction related costs 1,970 1,217 3,121 3,651
Marketing, general and administrative 20,721 22,454 40,917 42,475
Total expenses 316,761 275,530 633,045 534,601
Income from continuing operations before equity in net income of unconsolidated joint ventures, noncontrolling interests and discontinued operations 32,244 23,175 55,152 93,326
Equity in net income from unconsolidated joint ventures 70,890 2,184 69,330 10,390
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate 9,534   16,794  
Purchase price fair value adjustment   475,102   488,890
Loss on investment in marketable securities   (6)   (133)
Depreciable real estate reserves, net of recoveries 5,789   5,789  
Gain on early extinguishment of debt   971   971
Income from continuing operations 118,457 501,426 147,065 593,444
Net (loss) income from discontinued operations   1,676 (78) 3,549
Gain on sale of discontinued operations   46,085 6,627 46,085
Net income 118,457 549,187 153,614 643,078
Net income attributable to noncontrolling interests in the operating partnership (3,421) (11,925) (4,309) (13,776)
Net income attributable to noncontrolling interests in other partnerships (3,887) (3,259) (4,958) (6,869)
Preferred units distributions (565)   (962)  
Net income attributable to SL Green 110,584 534,003 143,385 622,433
Preferred stock dividends (7,544) (7,545) (15,089) (15,089)
Net income attributable to SL Green common stockholders 103,040 526,458 128,296 607,344
Amounts attributable to SL Green common stockholders:        
Income from continuing operations 93,833 15,324 105,718 80,803
Purchase price fair value adjustment   464,445   478,012
Equity in net gain on sale of interest in unconsolidated joint venture/real estate 9,207   16,244  
Net (loss) income from discontinued operations   1,638 (76) 3,469
Gain on sale of discontinued operations   45,051 6,410 45,060
Net income $ 103,040 $ 526,458 $ 128,296 $ 607,344
Basic earnings per share:        
Net income from continuing operations before discontinued operations (in dollars per share) $ 1.05 $ 5.74 $ 1.2 $ 6.85
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate (in dollars per share) $ 0.10   $ 0.18  
Net income from discontinued operations (in dollars per share)   $ 0.02   $ 0.04
Gain on sale of discontinued operations (in dollars per share)   $ 0.54 $ 0.07 $ 0.55
Net income attributable to SL Green common stockholders (in dollars per share) $ 1.15 $ 6.3 $ 1.45 $ 7.44
Diluted earnings per share:        
Net income from continuing operations before discontinued operations (in dollars per share) $ 1.04 $ 5.7 $ 1.20 $ 6.81
Equity in net gain on sale of interest in unconsolidated joint venture/ real estate (in dollars per share) $ 0.10   $ 0.18  
Net income from discontinued operations (in dollars per share)   $ 0.02   $ 0.04
Gain on sale of discontinued operations (in dollars per share)   $ 0.54 $ 0.07 $ 0.55
Net income attributable to SL Green common stockholders (in dollars per share) $ 1.14 $ 6.26 $ 1.45 $ 7.4
Dividends per share (in dollars per share) $ 0.25 $ 0.10 $ 0.50 $ 0.20
Basic weighted average common shares outstanding (in shares) 89,789 83,578 88,265 81,632
Diluted weighted average common shares and common share equivalents outstanding (in shares) 93,351 86,010 91,766 83,995