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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Commercial real estate properties, at cost:    
Land and land interests $ 1,699,215 $ 1,357,041
Building and improvements 4,012,305 3,862,224
Building leasehold and improvements 1,448,112 1,388,476
Total commercial real estate properties, at cost 7,159,632 6,607,741
Less: accumulated depreciation (2,306,377) (2,126,081)
Total commercial real estate properties, net 4,853,255 4,481,660
Cash and cash equivalents 155,747 184,294
Restricted cash 180,748 147,344
Investments in marketable securities 23,666 22,812
Tenant and other receivables 45,524 44,055
Related party receivables 16,293 26,865
Deferred rents receivable 266,678 266,428
Debt and preferred equity investments, net of discounts and deferred origination fees of $14 and $1,618 and allowances of $454 and $13,520 in 2025 and 2024, respectively 168,358 303,726
Investments in unconsolidated joint ventures 2,624,755 2,690,138
Debt fund investments, at fair value 152,958 0
Deferred costs, net of amortization of $174,617 and $308,923, respectively 129,019 117,132
Right-of-use asset - operating leases 864,430 865,639
Real estate loans held by consolidated securitization vehicles (includes $1,023,877 and $584,134 at fair value as of December 31, 2025 and December 31, 2024, respectively) 1,023,877 709,095
Other assets 577,299 610,911
Total assets [1] 11,082,607 10,470,099
Liabilities    
Mortgages and other loans payable, net 2,146,049 1,944,635
Revolving credit facility, net 637,796 316,240
Unsecured term loans, net 1,147,591 1,146,010
Unsecured notes, net 0 99,897
Accrued interest payable 15,221 16,527
Senior obligations of consolidated securitization vehicles (includes $1,023,877 and $567,487 at fair value as of December 31, 2025 and December 31, 2024, respectively) 1,023,877 590,131
Other liabilities 392,756 414,153
Accounts payable and accrued expenses 134,621 122,674
Deferred revenue 147,419 164,887
Lease liability - financing leases 108,183 106,853
Lease liability - operating leases 805,192 810,989
Dividend and distributions payable 2,536 21,816
Security deposits 68,276 60,331
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 6,729,517 5,915,143
Commitments and contingencies (See Note 20)
Noncontrolling interests in Operating Partnership 241,371 288,941
Preferred units and redeemable equity 199,271 196,064
SL Green stockholders' equity:    
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both December 31, 2025 and 2024 221,932 221,932
Common stock, $0.01 par value, 160,000 shares authorized and 71,159 and 71,097 issued and outstanding at December 31, 2025 and 2024, respectively 711 711
Additional paid-in-capital 4,212,590 4,159,562
Accumulated other comprehensive (loss) income (22,198) 18,196
Retained deficit (741,880) (449,101)
Total SL Green stockholders' equity 3,671,155 3,951,300
Noncontrolling interests in other partnerships 241,293 118,651
Total equity 3,912,448 4,069,951
Total liabilities and equity/capital $ 11,082,607 $ 10,470,099
[1]
(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $185.2 million and $236.7 million of land, $207.5 million and $159.1 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $6.3 million and $4.1 million of accumulated depreciation, $153.0 million and $— million of debt fund investments, $1,023.9 million and $709.1 million of real estate loans held by consolidated securitization vehicles, $862.5 million and $830.3 million of other assets included in other line items, $328.6 million and $357.9 million of real estate debt, net, $0.9 million and $1.1 million of accrued interest payable, $— million and $— million of lease liabilities, $1,023.9 million and $590.1 million of senior obligations of consolidated securitization vehicles and $287.5 million and $324.8 million of other liabilities included in other line items as of December 31, 2025 and December 31, 2024, respectively.