v3.26.1
Consolidated Balance Sheets (Partnership) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Commercial real estate properties, at cost:    
Land and land interests $ 1,579,973 $ 1,699,215
Building and improvements 4,272,142 4,012,305
Building leasehold and improvements 1,478,991 1,448,112
Total commercial real estate properties, at cost 7,331,106 7,159,632
Less: accumulated depreciation (2,359,905) (2,306,377)
Total commercial real estate properties, net 4,971,201 4,853,255
Assets held for sale 214,586 0
Cash and cash equivalents 180,788 155,747
Restricted cash 200,961 180,748
Investments in marketable securities 21,273 23,666
Tenant and other receivables 60,180 45,524
Related party receivables 13,867 16,293
Deferred rents receivable 262,008 266,678
Debt and preferred equity investments, net of discounts and deferred origination fees of $3 and $14 and allowances of $300 and $454 in 2026 and 2025, respectively 113,085 168,358
Investments in unconsolidated joint ventures 2,849,912 2,624,755
Debt fund investments, at fair value 379,004 152,958
Deferred costs, net of amortization of $184,525 and $174,617, respectively 126,621 129,019
Right-of-use assets - operating leases 902,113 864,430
Real estate loans held by consolidated securitization vehicles, at fair value 1,031,212 1,023,877
Other assets 482,190 577,299
Total assets [1] 11,809,001 11,082,607
Liabilities    
Mortgages and other loans payable, net 2,229,405 2,146,049
Revolving credit facility, net 839,670 637,796
Unsecured term loans, net 1,143,344 1,147,591
Accrued interest payable 17,637 15,221
Senior obligations of consolidated securitization vehicles, at fair value 1,031,212 1,023,877
Other liabilities 453,851 392,756
Accounts payable and accrued expenses 129,346 134,621
Deferred revenue 154,999 147,419
Lease liability - financing leases 108,847 108,183
Lease liability - operating leases 844,823 805,192
Dividend and distributions payable 49,009 2,536
Security deposits 70,515 68,276
Liabilities related to assets held for sale 218,333 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 7,390,991 6,729,517
Commitments and contingencies (See Note 19)
Preferred units and redeemable equity 204,344 199,271
SLGOP partners' capital:    
Accumulated other comprehensive loss 5,353 (22,198)
Total liabilities and equity 11,809,001 11,082,607
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,579,973 1,699,215
Building and improvements 4,272,142 4,012,305
Building leasehold and improvements 1,478,991 1,448,112
Total commercial real estate properties, at cost 7,331,106 7,159,632
Less: accumulated depreciation (2,359,905) (2,306,377)
Total commercial real estate properties, net 4,971,201 4,853,255
Assets held for sale 214,586 0
Cash and cash equivalents 180,788 155,747
Restricted cash 200,961 180,748
Investments in marketable securities 21,273 23,666
Tenant and other receivables 60,180 45,524
Related party receivables 13,867 16,293
Deferred rents receivable 262,008 266,678
Debt and preferred equity investments, net of discounts and deferred origination fees of $3 and $14 and allowances of $300 and $454 in 2026 and 2025, respectively 113,085 168,358
Investments in unconsolidated joint ventures 2,849,912 2,624,755
Debt fund investments, at fair value 379,004 152,958
Deferred costs, net of amortization of $184,525 and $174,617, respectively 126,621 129,019
Right-of-use assets - operating leases 902,113 864,430
Real estate loans held by consolidated securitization vehicles, at fair value 1,031,212 1,023,877
Other assets 482,190 577,299
Total assets [2] 11,809,001 11,082,607
Liabilities    
Mortgages and other loans payable, net 2,229,405 2,146,049
Revolving credit facility, net 839,670 637,796
Unsecured term loans, net 1,143,344 1,147,591
Accrued interest payable 17,637 15,221
Senior obligations of consolidated securitization vehicles, at fair value 1,031,212 1,023,877
Other liabilities 453,851 392,756
Accounts payable and accrued expenses 129,346 134,621
Deferred revenue 154,999 147,419
Lease liability - financing leases 108,847 108,183
Lease liability - operating leases 844,823 805,192
Dividend and distributions payable 49,009 2,536
Security deposits 70,515 68,276
Liabilities related to assets held for sale 218,333 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 7,390,991 6,729,517
Commitments and contingencies (See Note 19)
Limited partner interests in SLGOP (5,374 and 4,538 limited partner common units outstanding at June 30, 2026 and December 31, 2025, respectively) 297,076 241,371
Preferred units and redeemable equity 204,344 199,271
SLGOP partners' capital:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2026 and December 31, 2025 221,932 221,932
SL Green partners' capital (762 and 757 general partner common units and 70,090 and 70,402 limited partner common units outstanding at June 30, 2026 and December 31, 2025, respectively) 3,190,290 3,471,421
Accumulated other comprehensive loss 5,353 (22,198)
Total SLGOP partners' capital 3,417,575 3,671,155
Noncontrolling interests in other partnerships 499,015 241,293
Total capital 3,916,590 3,912,448
Total liabilities and equity $ 11,809,001 $ 11,082,607
[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: $369.9 million and $185.2 million of land, $686.2 million and $207.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $14.4 million and $6.3 million of accumulated depreciation, $379.0 million and $153.0 million of debt fund investments, $1,031.2 million and $1,023.9 million of real estate loans held by consolidated securitization vehicles, $649.7 million and $862.5 million of other assets included in other line items, $799.8 million and $328.6 million of real estate debt, net, $2.2 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $1,031.2 million and $1,023.9 million of senior obligations of consolidated securitization vehicles and $261.2 million and $287.5 million of other liabilities included in other line items as of June 30, 2026 and December 31, 2025, respectively.
[2]
(1) The Operating Partnership'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: $369.9 million and $185.2 million of land, $686.2 million and $207.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $14.4 million and $6.3 million of accumulated depreciation, $379.0 million and $153.0 million of debt fund investments, $1,031.2 million and $1,023.9 million of real estate loans held by consolidated securitization vehicles, $649.7 million and $862.5 million of other assets included in other line items, $799.8 million and $328.6 million of real estate debt, net, $2.2 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $1,031.2 million and $1,023.9 million of senior obligations of consolidated securitization vehicles and $261.2 million and $287.5 million of other liabilities included in other line items as of June 30, 2026 and December 31, 2025, respectively.