XML 64 R49.htm IDEA: XBRL DOCUMENT
v3.24.2

Noncontrolling Interests on the Company's Consolidated Financial Statements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Noncontrolling Interest [Abstract] |
Schedule of Noncontrolling Interest | Below is a summary of the activity relating to the noncontrolling interests in the Operating Partnership for the six months ended June 30, 2024 and the twelve months ended December 31, 2023 (in thousands):
| June 30, 2024 |  | December 31, 2023
Balance at beginning of period | $ | 238,051 |  |  | $ | 269,993 |
Distributions | (7,126) |  |  | (14,779) |
Issuance of common units | 10,036 |  |  | 25,365 |
Redemption and conversion of common units | (19,983) |  |  | (18,589) |
Net income (loss) | 748 |  |  | (37,465) |
Accumulated other comprehensive income (loss) allocation | 1,620 |  |  | (1,960) |
Fair value adjustment | 42,477 |  |  | 15,486 |
Balance at end of period | $ | 265,823 |  |  | $ | 238,051 |
Schedule of Preferred Unit Activity | Below is a summary of the preferred units of limited partnership interest in the Operating Partnership as of June 30, 2024:
Issuance |  | Stated Distribution Rate |  | Number of Units Authorized |  | Number of Units Issued |  | Number of Units Outstanding |  | Annual Dividend Per Unit(1) |  | Liquidation Preference Per Unit(2) |  | Conversion Price Per Unit(3) |  | Date of Issuance
Series A (4) |  | 6.00 | % |  | 109,161 |  |  | 109,161 |  |  | 109,161 |  |  | $ | 60.0000 |  |  | $ | 1,000.00 |  |  | $ | — |  |  | August 2015
Series F |  | 7.00 | % |  | 60 |  |  | 60 |  |  | 60 |  |  | 70.0000 |  |  | 1,000.00 |  |  | 29.12 |  |  | January 2007
Series K |  | 3.50 | % |  | 700,000 |  |  | 563,954 |  |  | 341,677 |  |  | 0.8750 |  |  | 25.00 |  |  | 134.67 |  |  | August 2014
Series L |  | 4.00 | % |  | 500,000 |  |  | 378,634 |  |  | 372,634 |  |  | 1.0000 |  |  | 25.00 |  |  | — |  |  | August 2014
Series R |  | 3.50 | % |  | 400,000 |  |  | 400,000 |  |  | 400,000 |  |  | 0.8750 |  |  | 25.00 |  |  | 154.89 |  |  | August 2015
Series S |  | 4.00 | % |  | 1,077,280 |  |  | 1,077,280 |  |  | 1,077,280 |  |  | 1.0000 |  |  | 25.00 |  |  | — |  |  | August 2015
Series V (5) |  | 5.00 | % |  | 40,000 |  |  | 40,000 |  |  | 40,000 |  |  | 1.2500 |  |  | 25.00 |  |  | — |  |  | May 2019
Series W (6) |  | (6) |  |  | 1 |  |  | 1 |  |  | 1 |  |  | (6) |  |  | (6) |  |  | (6) |  |  | January 2020
(1)Dividends are cumulative, subject to certain provisions. (2)Units are redeemable at any time at par for cash at the option of the unit holder unless otherwise specified. (3)If applicable, units are convertible into a number of common units of limited partnership interest in the Operating Partnership equal to (i) the liquidation preference plus accumulated and unpaid distributions on the conversion date divided by (ii) the amount shown in the table. (4)Issued through a consolidated subsidiary. The units are redeemable at any time after December 13, 2024 at par for cash at the option of the unit holder. (5)The Series V Preferred Units are redeemable at any time after January 1, 2025 at par for cash at the option of the unit holder. (6)The Series W preferred unit was issued in January 2020 in exchange for the then-outstanding Series O preferred unit. The holder of the Series W preferred unit is entitled to quarterly dividends in an amount calculated as (i) 1,350 multiplied by (ii) the current distribution per common unit of limited partnership in SL Green Operating Partnership. The holder has the right to require the Operating Partnership to repurchase the Series W unit for cash, or convert the Series W unit for Class B units, in each case at a price that is determined based on the closing price of the Company's common stock at the time such right is exercised. The unit's liquidation preference is the fair market value of the unit plus accrued distributions at the time of a liquidation event. Below is a summary of the activity relating to the preferred units in the Operating Partnership for the six months ended June 30, 2024 and the twelve months ended December 31, 2023 (in thousands):
| June 30, 2024 |  | December 31, 2023
Balance at beginning of period | $ | 166,501 |  |  | $ | 177,943 |
Issuance of preferred units | — |  |  | — |
Redemption of preferred units | — |  |  | (11,700) |
Dividends paid on preferred units | (3,379) |  |  | (6,271) |
Accrued dividends on preferred units | 3,609 |  |  | 6,529 |
Balance at end of period | $ | 166,731 |  |  | $ | 166,501 |

X
- Definition Tabular disclosure of the information pertaining to the noncontrolling interest. + References No definition available. + Details
Name: | slg_ScheduleOfNoncontrollingInterestTableTextBlock
Namespace Prefix: | slg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NoncontrollingInterestAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
Name: | us-gaap_ScheduleOfPreferredUnitsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration