v3.26.1
Consolidated Statements of Operations (Partnership) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rental revenue, net $ 191,882 $ 165,237 $ 378,758 $ 328,256
SUMMIT Operator revenue 31,509 31,007 55,651 53,541
Investment income 2,657 6,339 5,003 22,453
Interest income from real estate loans held by consolidated securitization vehicles 14,743 21,049 29,392 37,030
Fee income 19,435 12,216 39,441 24,491
Other income 3,775 6,068 8,836 15,991
Total revenues 264,001 241,916 517,081 481,762
Expenses        
Operating expenses, including related party expenses of $4 and $6 in 2026, and $0 and $3 in 2025 60,250 51,105 121,707 107,167
Real estate taxes 42,435 37,750 84,347 74,967
Operating lease rent 6,898 6,105 13,842 12,211
SUMMIT Operator expenses 25,520 24,847 50,462 46,611
Interest expense, net of interest income 54,011 45,318 104,920 90,999
Amortization of deferred financing costs 2,156 1,742 4,958 3,429
SUMMIT Operator tax expense 1,223 1,547 1,808 1,502
Interest expense on senior obligations of consolidated securitization vehicles 14,743 21,017 29,392 34,989
Depreciation and amortization 67,279 60,160 137,030 124,658
Loan loss reserves and other investment reserves, net of recoveries 0 (46,287) 0 (71,326)
Transaction related costs 17 177 301 472
Marketing, general and administrative 22,781 21,579 45,567 43,303
Total expenses 297,313 225,060 594,334 468,982
Equity in net income (loss) from unconsolidated joint ventures 14,948 (22,775) (5,832) (21,605)
Income from debt fund investments, net 5,990 600 8,468 600
Equity in net loss on sale of interest in unconsolidated joint venture/real estate 0 (1,946) (814) (1,946)
Purchase price and other fair value adjustments 5,662 (9,617) 9,845 (19,228)
(Loss) gain on sale of real estate, net (4,179) (167) 12,457 (649)
Depreciable real estate reserves and impairments 0 0 (35,160) (8,546)
Gain on sale of marketable securities 0 10,232 0 10,232
Net loss (10,891) (6,817) (88,289) (28,362)
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in other partnerships (11,772) 840 (19,506) 5,737
Preferred units distributions (2,258) (2,153) (4,457) (4,307)
Net loss attributable to SL Green (22,766) (7,355) (103,419) (24,692)
Perpetual preferred unit dividends (3,737) (3,737) (7,475) (7,475)
SL Green Operating Partnership        
Revenues        
Rental revenue, net 191,882 165,237 378,758 328,256
SUMMIT Operator revenue 31,509 31,007 55,651 53,541
Investment income 2,657 6,339 5,003 22,453
Interest income from real estate loans held by consolidated securitization vehicles 14,743 21,049 29,392 37,030
Fee income 19,435 12,216 39,441 24,491
Other income 3,775 6,068 8,836 15,991
Total revenues 264,001 241,916 517,081 481,762
Expenses        
Operating expenses, including related party expenses of $4 and $6 in 2026, and $0 and $3 in 2025 60,250 51,105 121,707 107,167
Real estate taxes 42,435 37,750 84,347 74,967
Operating lease rent 6,898 6,105 13,842 12,211
SUMMIT Operator expenses 25,520 24,847 50,462 46,611
Interest expense, net of interest income 54,011 45,318 104,920 90,999
Amortization of deferred financing costs 2,156 1,742 4,958 3,429
SUMMIT Operator tax expense 1,223 1,547 1,808 1,502
Interest expense on senior obligations of consolidated securitization vehicles 14,743 21,017 29,392 34,989
Depreciation and amortization 67,279 60,160 137,030 124,658
Loan loss reserves and other investment reserves, net of recoveries 0 (46,287) 0 (71,326)
Transaction related costs 17 177 301 472
Marketing, general and administrative 22,781 21,579 45,567 43,303
Total expenses 297,313 225,060 594,334 468,982
Equity in net income (loss) from unconsolidated joint ventures 14,948 (22,775) (5,832) (21,605)
Income from debt fund investments, net 5,990 600 8,468 600
Equity in net loss on sale of interest in unconsolidated joint venture/real estate 0 (1,946) (814) (1,946)
Purchase price and other fair value adjustments 5,662 (9,617) 9,845 (19,228)
(Loss) gain on sale of real estate, net (4,179) (167) 12,457 (649)
Depreciable real estate reserves and impairments 0 0 (35,160) (8,546)
Gain on sale of marketable securities 0 10,232 0 10,232
Net loss (10,891) (6,817) (88,289) (28,362)
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interests in other partnerships (11,772) 840 (19,506) 5,737
Preferred units distributions (2,258) (2,153) (4,457) (4,307)
Net loss attributable to SL Green (24,921) (8,130) (112,252) (26,932)
Perpetual preferred unit dividends (3,737) (3,737) (7,475) (7,475)
Net loss attributable to SLGOP common unitholders $ (28,658) $ (11,867) $ (119,727) $ (34,407)
Basic loss per unit (in dollars per share) $ (0.39) $ (0.18) $ (1.61) $ (0.50)
Diluted loss per unit (in dollars per share) $ (0.39) $ (0.18) $ (1.61) $ (0.50)
Basic weighted average common units outstanding (in shares) 75,525 74,455 75,596 74,491
Diluted weighted average common units and common unit equivalents outstanding (in shares) 75,525 74,455 75,596 74,491