Equity (Tables)

6 Months Ended

Jun. 30, 2012

Equity

Schedule of weighted average assumptions used to estimate the grant date fair value of options granted

	June 30,2012		December 31,2011
Dividend yield	2.00	%	2.00	%
Expected life of option	5.0 years		4.2 years
Risk-free interest rate	0.99	%	1.00	%
Expected stock price volatility	44.00	%	47.98	%

Summary of the status of stock options and changes during the period

	June 30, 2012					December 31, 2011
	Options Outstanding			Weighted Average ExercisePrice		Options Outstanding			Weighted Average Exercise Price
Balance at beginning of year	1,277,200			$	63.37	1,353,002			$	58.85
Granted	25,000			68.16		212,400			66.42
Exercised	(137,238		)	42.89		(243,901		)	40.48
Lapsed or cancelled	(25,919		)	66.42		(44,301		)	65.89
Balance at end of period	1,139,043			$	65.89	1,277,200			$	63.37
Options exercisable at end of period	739,287			$	69.32	644,429			$	72.31
Weighted average fair value of options granted during the period	$	557,944				$	4,647,554

Summary of restricted stock and charges during the period

	Six Months Ended June 30,			Year Ended December 31,
Restricted Stock Awards	2012			2011
Balance at beginning of year	2,912,456			2,728,290
Granted	1,694			185,333
Cancelled	(200,284		)	(1,167		)
Balance at end of period	2,713,866			2,912,456
Vested during the period	306,124			66,299
Compensation expense recorded	$	3,715,237		$	17,365,401
Weighted average fair value of restricted stock granted during the period	$	116,369		$	21,768,084

Schedule of earnings per share calculation

	Three Months EndedJune 30,				Six Months EndedJune 30,
	2012		2011		2012		2011
Numerator (Income)
Basic Earnings:
Income attributable to SL Green common stockholders	$	103,040	$	526,458	$	128,296	$	607,344
Effect of Dilutive Securities:
Redemption of units to common shares	3,421		11,925		4,309		13,776
Stock options	—		—		—		—
Diluted Earnings:
Income attributable to SL Green common stockholders	$	106,461	$	538,383	$	132,605	$	621,120

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2012	2011	2012	2011
Denominator (Weighted Average Shares)
Basic Earnings:
Shares available to common stockholders	89,789	83,578	88,265	81,632
Effect of Dilutive Securities:
Redemption of units to common shares	3,193	1,912	3,121	1,858
3.0% exchangeable senior debentures due 2017	—	—	—	—
3.0% exchangeable senior debentures due 2027	—	—	—	—
4.0% exchangeable senior debentures due 2025	—	—	—	—
Stock-based compensation plans	369	520	380	505
Diluted Shares	93,351	86,010	91,766	83,995