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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Rental revenue, net $ 281,496 $ 242,938 $ 810,001 $ 708,593
Escalation and reimbursement 42,804 39,176 126,050 104,446
Investment and preferred equity income 27,869 18,433 87,655 98,256
Other income 9,272 6,076 25,932 23,256
Total revenues 361,441 306,623 1,049,638 934,551
Expenses        
Operating expenses (including approximately $4,668 and $12,856 (2012) and $4,335 and $10,948 (2011) paid to affiliates) 83,980 69,093 226,168 191,792
Real estate taxes 53,595 44,915 157,662 128,957
Ground rent 8,874 8,463 26,570 24,110
Interest expense, net of interest income 85,828 74,603 248,292 207,042
Amortization of deferred financing costs 4,493 2,986 11,626 9,469
Depreciation and amortization 83,429 73,358 238,324 202,394
Loan loss and other investment reserves, net of recoveries     564 (1,870)
Transaction related costs 1,372 169 4,493 3,820
Marketing, general and administrative 20,551 18,900 61,469 61,375
Total expenses 342,122 292,487 975,168 827,089
Income from continuing operations before equity in net income of unconsolidated joint ventures, noncontrolling interests and discontinued operations 19,319 14,136 74,470 107,462
Equity in net income (loss) from unconsolidated joint ventures 11,658 (2,728) 80,988 7,663
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate (4,807) 3,032 11,987 3,032
Purchase price fair value adjustment   999   489,889
Gain (loss) on investment in marketable securities 2,237   2,237 (133)
Depreciable real estate reserves, net of recoveries     5,789  
Gain (loss) on early extinguishment of debt   (67)   904
Income from continuing operations 28,407 15,372 175,471 608,817
Net income from discontinued operations 223 1,116 145 4,665
Gain on sale of discontinued operations     6,627 46,085
Net income 28,630 16,488 182,243 659,567
Net income attributable to noncontrolling interests        
Noncontrolling interests in the operating partnership (567) (170) (4,876) (13,946)
Noncontrolling interests in other partnerships (1,835) (1,694) (6,792) (8,564)
Preferred units distributions (571)   (1,533)  
Net income attributable to SL Green 25,657 14,624 169,042 637,057
Preferred stock redemption costs (10,010)   (10,010)  
Preferred stock dividends (7,915) (7,545) (23,004) (22,634)
Net income attributable to SL Green common stockholders 7,732 7,079 136,028 614,423
Amounts attributable to SL Green common stockholders:        
Income from continuing operations 12,153 2,045 117,919 82,769
Purchase price fair value adjustment   977   479,062
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate (4,636) 2,966 11,572 2,965
Net income from discontinued operations 215 1,091 139 4,560
Gain on sale of discontinued operations     6,398 45,067
Net income $ 7,732 $ 7,079 $ 136,028 $ 614,423
Basic earnings per share:        
Net income from continuing operations before discontinued operations (in dollars per share) $ 0.14 $ 0.04 $ 1.33 $ 6.77
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate (in dollars per share) $ (0.05) $ 0.03 $ 0.13 $ 0.03
Net income from discontinued operations (in dollars per share)   $ 0.01   $ 0.06
Gain on sale of discontinued operations (in dollars per share)     $ 0.07 $ 0.54
Net income attributable to SL Green common stockholders (in dollars per share) $ 0.09 $ 0.08 $ 1.53 $ 7.40
Diluted earnings per share:        
Net income from continuing operations before discontinued operations (in dollars per share) $ 0.14 $ 0.04 $ 1.32 $ 6.73
Equity in net gain (loss) on sale of interest in unconsolidated joint venture/real estate (in dollars per share) $ (0.05) $ 0.03 $ 0.13 $ 0.04
Net income from discontinued operations (in dollars per share)   $ 0.01   $ 0.05
Gain on sale of discontinued operations (in dollars per share)     $ 0.07 $ 0.54
Net income attributable to SL Green common stockholders (in dollars per share) $ 0.09 $ 0.08 $ 1.52 $ 7.36
Dividends per share (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75
Basic weighted average common shares outstanding (in shares) 90,241 85,696 88,929 83,001
Diluted weighted average common shares and common share equivalents outstanding (in shares) 93,891 88,081 92,485 85,384