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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Assets |  |
Debt and preferred equity investments, net of discounts and deferred origination fees | $ 1,618 | $ 1,630
Allowance for loan and lease losses | 13,520 | $ 13,520
Real estate loans held by consolidated securitization vehicles | 584,134 |
Liabilities |  |
Senior obligations of consolidated securitization vehicles | 567,487 |
Other liabilities | $ 251,096 |
Equity |  |
Preferred stock, par (in dollars per share) | $ 0.01 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Common stock, shares authorized (in shares) | 160,000,000 | 160,000,000
Common stock, shares issued (in shares) | 71,097,000 | 65,786,000
Common stock, shares outstanding (in shares) | 71,097,000 | 65,786,000
Treasury stock, shares (in shares) | 0 | 1,060,000
Land and land interests | $ 1,357,041 | $ 1,092,671
Building and improvements | 3,862,224 | 3,655,624
Building leasehold and improvements | 1,388,476 | 1,354,569
Right of use asset - operating leases | 865,639 | 885,929
Real Estate Investment Property, Accumulated Depreciation | 2,126,081 | 1,968,004
Real estate loans held by consolidated securitization vehicles (includes $584,134 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) | 709,095 | 0
Other assets | 610,911 | 413,670
Mortgages and other loans payable, net | 1,944,635 | 1,491,319
Lease liabilities | 106,853 | 105,531
Senior obligations of consolidated securitization vehicles (includes $567,487 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) | 590,131 | 0
Other liabilities (includes $251,096 and $259,392 at fair value as of December 31, 2024 and December 31, 2023, respectively) | 414,153 | 471,401
Service Corporation |  |
Equity |  |
Land and land interests | 236,700 | 41,200
Building and improvements | 159,100 | 40,500
Building leasehold and improvements | 0 | 0
Right of use asset - operating leases | 0 | 0
Real Estate Investment Property, Accumulated Depreciation | 4,100 | 5,400
Real estate loans held by consolidated securitization vehicles (includes $584,134 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) | 709,100 | 0
Other assets | 830,300 | 676,900
Mortgages and other loans payable, net | 357,900 | 50,000
Accrued interest payable | 1,100 | 900
Lease liabilities | 0 | 0
Senior obligations of consolidated securitization vehicles (includes $567,487 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) | 590,100 | 0
Other liabilities (includes $251,096 and $259,392 at fair value as of December 31, 2024 and December 31, 2023, respectively) | 324,800 | 306,500
SL Green Operating Partnership |  |
Assets |  |
Debt and preferred equity investments, net of discounts and deferred origination fees | 1,618 | 1,630
Allowance for loan and lease losses | 13,520 | 13,520
Real estate loans held by consolidated securitization vehicles | 584,134 | 0
Liabilities |  |
Senior obligations of consolidated securitization vehicles | 567,487 | 0
Other liabilities | 251,096 | 259,392
Equity |  |
Land and land interests | 1,357,041 | 1,092,671
Building and improvements | 3,862,224 | 3,655,624
Building leasehold and improvements | 1,388,476 | 1,354,569
Right of use asset - operating leases | 865,639 | 885,929
Real Estate Investment Property, Accumulated Depreciation | 2,126,081 | 1,968,004
Real estate loans held by consolidated securitization vehicles (includes $584,134 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) | 709,095 | 0
Other assets | 610,911 | 413,670
Mortgages and other loans payable, net | 1,944,635 | 1,491,319
Lease liabilities | 106,853 | 105,531
Senior obligations of consolidated securitization vehicles (includes $567,487 and $— at fair value as of December 31, 2024 and December 31, 2023, respectively) | 590,131 | 0
Other liabilities (includes $251,096 and $259,392 at fair value as of December 31, 2024 and December 31, 2023, respectively) | $ 414,153 | $ 471,401
Series I Preferred Stock |  |
Equity |  |
Preferred stock, par (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, liquidation preference (in dollars per share) | $ 25.00 | $ 25.00
Preferred stock, shares issued (in shares) | 9,200,000 | 9,200,000
Preferred stock, shares outstanding (in shares) | 9,200,000 | 9,200,000

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