v3.26.3
Consolidated Balance Sheets (Partnership) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Commercial real estate properties, at cost:    
Land and land interests $ 1,534,127 $ 1,699,215
Building and improvements 4,068,129 4,012,305
Building leasehold and improvements 1,496,428 1,448,112
Total commercial real estate properties, at cost 7,098,684 7,159,632
Less: accumulated depreciation (2,333,095) (2,306,377)
Total commercial real estate properties, net 4,765,589 4,853,255
Assets held for sale 224,249 0
Cash and cash equivalents 186,439 155,747
Restricted cash 199,507 180,748
Investments in marketable securities 21,166 23,666
Tenant and other receivables 64,072 45,524
Related party receivables 17,195 16,293
Deferred rents receivable 255,497 266,678
Debt and preferred equity investments, net of discounts and deferred origination fees of $2 and $14 and allowances of $300 and $454 in 2026 and 2025, respectively 113,087 168,358
Investments in unconsolidated joint ventures 2,886,984 2,624,755
Debt fund investments, at fair value 434,219 152,958
Deferred costs, net of amortization of $186,197 and $174,617, respectively 121,668 129,019
Right-of-use assets - operating leases 940,495 864,430
Real estate loans held by consolidated securitization vehicles, at fair value 1,003,918 1,023,877
Other assets 551,576 577,299
Total assets [1] 11,785,661 11,082,607
Liabilities    
Mortgages and other loans payable, net 2,202,767 2,146,049
Revolving credit facility, net 920,186 637,796
Unsecured term loans, net 1,143,881 1,147,591
Accrued interest payable 17,016 15,221
Senior obligations of consolidated securitization vehicles, at fair value 1,003,918 1,023,877
Other liabilities 513,358 392,756
Accounts payable and accrued expenses 142,846 134,621
Deferred revenue 158,252 147,419
Lease liability - financing leases 109,182 108,183
Lease liability - operating leases 886,515 805,192
Dividend and distributions payable 48,910 2,536
Security deposits 66,859 68,276
Liabilities related to assets held for sale 866 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [1] 7,314,556 6,729,517
Commitments and contingencies (See Note 19)
Preferred units and redeemable equity 203,508 199,271
SLGOP partners' capital:    
Accumulated other comprehensive loss 28,201 (22,198)
Total liabilities and equity 11,785,661 11,082,607
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,534,127 1,699,215
Building and improvements 4,068,129 4,012,305
Building leasehold and improvements 1,496,428 1,448,112
Total commercial real estate properties, at cost 7,098,684 7,159,632
Less: accumulated depreciation (2,333,095) (2,306,377)
Total commercial real estate properties, net 4,765,589 4,853,255
Assets held for sale 224,249 0
Cash and cash equivalents 186,439 155,747
Restricted cash 199,507 180,748
Investments in marketable securities 21,166 23,666
Tenant and other receivables 64,072 45,524
Related party receivables 17,195 16,293
Deferred rents receivable 255,497 266,678
Debt and preferred equity investments, net of discounts and deferred origination fees of $2 and $14 and allowances of $300 and $454 in 2026 and 2025, respectively 113,087 168,358
Investments in unconsolidated joint ventures 2,886,984 2,624,755
Debt fund investments, at fair value 434,219 152,958
Deferred costs, net of amortization of $186,197 and $174,617, respectively 121,668 129,019
Right-of-use assets - operating leases 940,495 864,430
Real estate loans held by consolidated securitization vehicles, at fair value 1,003,918 1,023,877
Other assets 551,576 577,299
Total assets [2] 11,785,661 11,082,607
Liabilities    
Mortgages and other loans payable, net 2,202,767 2,146,049
Revolving credit facility, net 920,186 637,796
Unsecured term loans, net 1,143,881 1,147,591
Accrued interest payable 17,016 15,221
Senior obligations of consolidated securitization vehicles, at fair value 1,003,918 1,023,877
Other liabilities 513,358 392,756
Accounts payable and accrued expenses 142,846 134,621
Deferred revenue 158,252 147,419
Lease liability - financing leases 109,182 108,183
Lease liability - operating leases 886,515 805,192
Dividend and distributions payable 48,910 2,536
Security deposits 66,859 68,276
Liabilities related to assets held for sale 866 0
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Total liabilities [2] 7,314,556 6,729,517
Commitments and contingencies (See Note 19)
Limited partner interests in SLGOP (5,121 and 4,538 limited partner common units outstanding at September 30, 2026 and December 31, 2025, respectively) 273,718 241,371
Preferred units and redeemable equity 203,508 199,271
SLGOP partners' capital:    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both September 30, 2026 and December 31, 2025 221,932 221,932
SL Green partners' capital (760 and 757 general partner common units and 70,184 and 70,402 limited partner common units outstanding at September 30, 2026 and December 31, 2025, respectively) 3,249,801 3,471,421
Accumulated other comprehensive loss 28,201 (22,198)
Total SLGOP partners' capital 3,499,934 3,671,155
Noncontrolling interests in other partnerships 493,945 241,293
Total capital 3,993,879 3,912,448
Total liabilities and equity $ 11,785,661 $ 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, $686.7 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, $20.8 million and $6.3 million of accumulated depreciation, $434.2 million and $153.0 million of debt fund investments, $1,003.9 million and $1,023.9 million of real estate loans held by consolidated securitization vehicles, $650.0 million and $862.5 million of other assets included in other line items, $782.2 million and $328.6 million of real estate debt, net, $(1.6) million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $1,003.9 million and $1,023.9 million of senior obligations of consolidated securitization vehicles and $304.0 million and $287.5 million of other liabilities included in other line items as of September 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, $686.7 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, $20.8 million and $6.3 million of accumulated depreciation, $434.2 million and $153.0 million of debt fund investments, $1,003.9 million and $1,023.9 million of real estate loans held by consolidated securitization vehicles, $650.0 million and $862.5 million of other assets included in other line items, $782.2 million and $328.6 million of real estate debt, net, $(1.6) million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $1,003.9 million and $1,023.9 million of senior obligations of consolidated securitization vehicles and $304.0 million and $287.5 million of other liabilities included in other line items as of September 30, 2026 and December 31, 2025, respectively.