2024 Q2 Form 10-Q Financial Statement

#000104097124000018 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $222.8M $187.9M
YoY Change 0.79% -15.96%
Cost Of Revenue $109.8M $102.2M
YoY Change 17.44% 2.44%
Gross Profit $113.0M $85.70M
YoY Change -11.41% -30.79%
Gross Profit Margin 50.72% 45.61%
Selling, General & Admin $20.00M $21.30M
YoY Change -13.07% -8.58%
% of Gross Profit 17.7% 24.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.92M $50.12M
YoY Change -24.3% -37.79%
% of Gross Profit 47.71% 58.49%
Operating Expenses $20.00M $21.30M
YoY Change -78.28% -8.58%
Operating Profit $93.02M $64.40M
YoY Change 162.16% -35.94%
Interest Expense $49.50M $48.87M
YoY Change -160.28% -24.63%
% of Operating Profit 53.22% 75.88%
Other Income/Expense, Net -$13.72M -$52.12M
YoY Change -95.51%
Pretax Income $1.959M $18.39M
YoY Change -100.52% -147.94%
Income Tax $900.0K $700.0K
% Of Pretax Income 45.94% 3.81%
Net Earnings $1.577M $16.88M
YoY Change -100.44% -146.9%
Net Earnings / Revenue 0.71% 8.98%
Basic Earnings Per Share -$0.04 $0.20
Diluted Earnings Per Share -$0.04 $0.20
COMMON SHARES
Basic Shares Outstanding 64.81M shares 64.80M shares
Diluted Shares Outstanding 68.74M shares 70.10M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $216.1M $206.7M
YoY Change 12.56% 22.16%
Cash & Equivalents $199.5M $196.0M
Short-Term Investments $16.59M $10.67M
Other Short-Term Assets
YoY Change
Inventory $21.62M $21.59M
Prepaid Expenses
Receivables $315.9M $318.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $537.0M $536.5M
YoY Change 3.63% 9.8%
LONG-TERM ASSETS
Property, Plant & Equipment $5.078B $5.114B
YoY Change 2.23% -28.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.895B $2.985B
YoY Change -25.28% -5.69%
Other Assets $223.5M $231.8M
YoY Change -3.44% -26.64%
Total Long-Term Assets $9.012B $9.228B
YoY Change -5.37% -22.15%
TOTAL ASSETS
Total Short-Term Assets $537.0M $536.5M
Total Long-Term Assets $9.012B $9.228B
Total Assets $9.549B $9.764B
YoY Change -4.91% -20.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.1M $101.5M
YoY Change 3.73% -32.73%
Accrued Expenses $839.5M $846.8M
YoY Change -7.34% -6.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.039B $1.025B
YoY Change -5.09% -9.49%
LONG-TERM LIABILITIES
Long-Term Debt $3.732B $3.891B
YoY Change -4.55% -31.51%
Other Long-Term Liabilities $587.9M $605.7M
YoY Change 28.82% 10.57%
Total Long-Term Liabilities $4.320B $4.497B
YoY Change -1.07% -27.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.039B $1.025B
Total Long-Term Liabilities $4.320B $4.497B
Total Liabilities $5.358B $5.522B
YoY Change -7.33% -24.99%
SHAREHOLDERS EQUITY
Retained Earnings -$279.8M -$229.6M
YoY Change -306.44% -141.82%
Common Stock $660.0K $660.0K
YoY Change 0.61% 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.691B $3.736B
YoY Change
Total Liabilities & Shareholders Equity $9.549B $9.764B
YoY Change -4.91% -20.89%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.577M $16.88M
YoY Change -100.44% -146.9%
Depreciation, Depletion And Amortization $53.92M $50.12M
YoY Change -24.3% -37.79%
Cash From Operating Activities $79.37M -$24.68M
YoY Change 28.76% -158.27%
INVESTING ACTIVITIES
Capital Expenditures $52.75M $55.32M
YoY Change -27.02% -10.66%
Acquisitions
YoY Change
Other Investing Activities $178.3M $51.60M
YoY Change 78.67% -1259.36%
Cash From Investing Activities $125.5M -$3.713M
YoY Change 356.4% -94.41%
FINANCING ACTIVITIES
Cash Dividend Paid $54.14M
YoY Change -5.63%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -207.6M $11.37M
YoY Change 53.36% -510.06%
NET CHANGE
Cash From Operating Activities 79.37M -$24.68M
Cash From Investing Activities 125.5M -$3.713M
Cash From Financing Activities -207.6M $11.37M
Net Change In Cash -2.685M -$17.02M
YoY Change -94.19% -36.46%
FREE CASH FLOW
Cash From Operating Activities $79.37M -$24.68M
Capital Expenditures $52.75M $55.32M
Free Cash Flow $26.63M -$79.99M
YoY Change -350.51% 308.77%

Facts In Submission

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CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 slg Profit Loss Less Minority Interest In Net Income Loss Operating Partnerships
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CY2024Q1 us-gaap Minority Interest Decrease From Redemptions
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CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2024Q1 us-gaap Dividends Preferred Stock
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CY2024Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2024Q1 slg Reallocationof Noncontrolling Interest In Operating Partnership Increase Decrease
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CY2024Q1 slg Deferred Compensation Plan And Stock Award Net
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CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q1 us-gaap Dividends Common Stock
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 slg Profit Loss Less Minority Interest In Net Income Loss Operating Partnerships
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CY2023Q1 us-gaap Dividends Preferred Stock
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CY2023Q1 slg Reallocationof Noncontrolling Interest In Operating Partnership Increase Decrease
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CY2023Q1 slg Deferred Compensation Plan And Stock Award Net
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CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2024Q1 us-gaap Profit Loss
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CY2024Q1 us-gaap Income Loss From Equity Method Investments
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CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
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CY2023Q1 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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CY2024Q1 slg Purchase Price Fair Value Adjustment Gain Loss
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CY2023Q1 slg Purchase Price Fair Value Adjustment Gain Loss
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CY2024Q1 slg Depreciable Real Estate Reserves Cash Flow Effect
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CY2024Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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CY2023Q1 us-gaap Other Noncash Income Expense
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CY2024Q1 us-gaap Increase Decrease In Deferred Leasing Fees
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CY2023Q1 us-gaap Increase Decrease In Deferred Leasing Fees
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CY2024Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 slg Payments To Acquire Land Buildings And Improvements
PaymentsToAcquireLandBuildingsAndImprovements
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CY2023Q1 slg Payments To Acquire Land Buildings And Improvements
PaymentsToAcquireLandBuildingsAndImprovements
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CY2024Q1 slg Payments For Proceeds From Acquisition Deposits And Deferred Purchase Price
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CY2023Q1 slg Payments For Proceeds From Acquisition Deposits And Deferred Purchase Price
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CY2024Q1 us-gaap Payments To Acquire Equity Method Investments
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CY2023Q1 us-gaap Payments To Acquire Equity Method Investments
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CY2023Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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41812000 usd
CY2024Q1 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
26420000 usd
CY2023Q1 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
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CY2024Q1 slg Payments For Proceeds From Other Investments
PaymentsForProceedsFromOtherInvestments
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CY2023Q1 slg Payments For Proceeds From Other Investments
PaymentsForProceedsFromOtherInvestments
17700000 usd
CY2024Q1 slg Origination Of Debt And Preferred Equity Investments
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CY2023Q1 slg Origination Of Debt And Preferred Equity Investments
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Proceeds From Issuance Of Secured Debt
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CY2023Q1 us-gaap Proceeds From Issuance Of Secured Debt
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CY2024Q1 us-gaap Repayments Of Secured Debt
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CY2024Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
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CY2023Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
143000000 usd
CY2024Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
40000000 usd
CY2023Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
78000000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
77000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
184000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
18608000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
5220000 usd
CY2024Q1 slg Distributions To Noncontrolling Interests Other Partnerships
DistributionsToNoncontrollingInterestsOtherPartnerships
1283000 usd
CY2023Q1 slg Distributions To Noncontrolling Interests Other Partnerships
DistributionsToNoncontrollingInterestsOtherPartnerships
136000 usd
CY2024Q1 slg Proceeds From Noncontrolling Interests In Other Partnerships
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CY2023Q1 slg Proceeds From Noncontrolling Interests In Other Partnerships
ProceedsFromNoncontrollingInterestsInOtherPartnerships
426000 usd
CY2024Q1 slg Distribution To Noncontrolling Interest Operating Partnership
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3609000 usd
CY2023Q1 slg Distribution To Noncontrolling Interest Operating Partnership
DistributionToNoncontrollingInterestOperatingPartnership
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CY2024Q1 us-gaap Payments Of Dividends
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54142000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
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CY2024Q1 slg Proceeds From Payments Of Financing Costs
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CY2023Q1 slg Proceeds From Payments Of Financing Costs
ProceedsFromPaymentsOfFinancingCosts
358000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
318496000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
357262000 usd
CY2024Q1 slg Operating Partnership Noncontrolling Interest Fair Value Adjustment
OperatingPartnershipNoncontrollingInterestFairValueAdjustment
42841000 usd
CY2023Q1 slg Operating Partnership Noncontrolling Interest Fair Value Adjustment
OperatingPartnershipNoncontrollingInterestFairValueAdjustment
10147000 usd
CY2024Q1 slg Consolidation Of A Subsidiary
ConsolidationOfASubsidiary
6678000 usd
CY2023Q1 slg Consolidation Of A Subsidiary
ConsolidationOfASubsidiary
0 usd
CY2024Q1 slg Consolidation Of Mortgage Loan Payable
ConsolidationOfMortgageLoanPayable
205000000 usd
CY2023Q1 slg Consolidation Of Mortgage Loan Payable
ConsolidationOfMortgageLoanPayable
0 usd
CY2024Q1 slg Acquisition Of Subsidiary Interest From Noncontrolling Interest
AcquisitionOfSubsidiaryInterestFromNoncontrollingInterest
5674000 usd
CY2023Q1 slg Acquisition Of Subsidiary Interest From Noncontrolling Interest
AcquisitionOfSubsidiaryInterestFromNoncontrollingInterest
0 usd
CY2024Q1 slg Contribution To Consolidated Joint Venture Interest
ContributionToConsolidatedJointVentureInterest
0 usd
CY2023Q1 slg Contribution To Consolidated Joint Venture Interest
ContributionToConsolidatedJointVentureInterest
8134000 usd
CY2024Q1 slg Removalof Fully Depreciated Real Estate Assets
RemovalofFullyDepreciatedRealEstateAssets
3354000 usd
CY2023Q1 slg Removalof Fully Depreciated Real Estate Assets
RemovalofFullyDepreciatedRealEstateAssets
4247000 usd
CY2024Q1 slg Share Repurchases Payable
ShareRepurchasesPayable
5012000 usd
CY2023Q1 slg Share Repurchases Payable
ShareRepurchasesPayable
0 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
196035000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
158937000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
122461000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
198325000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
318496000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
357262000 usd
CY2024Q1 slg Consolidation Of Joint Venture Interest
ConsolidationOfJointVentureInterest
6678000 usd
CY2024Q1 slg Consolidation Of Mortgage Loan Payable
ConsolidationOfMortgageLoanPayable
205000000 usd
CY2023Q1 slg Consolidation Of Mortgage Loan Payable
ConsolidationOfMortgageLoanPayable
0 usd
CY2024Q1 slg Mortgage Loanson Real Estate Commercialand Consumer Net Including Debt Investments Other
MortgageLoansonRealEstateCommercialandConsumerNetIncludingDebtInvestmentsOther
352300000 usd
CY2024Q1 slg Debt Investments Other
DebtInvestmentsOther
4800000 usd
CY2024Q1 slg Number Of Shares On Redemption Of One Unit Of Partnership Interest
NumberOfSharesOnRedemptionOfOneUnitOfPartnershipInterest
1 shares
CY2024Q1 slg Rental Revenue Increase Decrease Acquired Lease Amortization
RentalRevenueIncreaseDecreaseAcquiredLeaseAmortization
100000 usd
CY2023Q1 slg Rental Revenue Increase Decrease Acquired Lease Amortization
RentalRevenueIncreaseDecreaseAcquiredLeaseAmortization
8200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
273010000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
189680000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
185470000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
184902000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
87540000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4778000 usd
CY2024Q1 slg Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
226034000 usd
CY2023Q4 slg Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
205394000 usd
CY2024Q1 slg Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
202178000 usd
CY2023Q4 slg Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
202089000 usd
CY2024Q1 slg Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
23856000 usd
CY2023Q4 slg Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
3305000 usd
CY2024Q1 us-gaap Marketable Securities
MarketableSecurities
10673000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
9591000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
0 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
0 usd
CY2024Q1 slg Financing Receivable Number Of Days Past Due For Suspending Income Recognition
FinancingReceivableNumberOfDaysPastDueForSuspendingIncomeRecognition
P90D
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000 usd
CY2024Q1 slg Segment Operator Tax Expenses
SegmentOperatorTaxExpenses
-1300000 usd
CY2023Q1 slg Segment Operator Tax Expenses
SegmentOperatorTaxExpenses
1300000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash investments, debt and preferred equity investments and accounts receivable. We place our cash investments with high quality financial institutions. The collateral securing our debt and preferred equity investments is located in New York City. See Note 5, "Debt and Preferred Equity Investments." </span></div>We perform initial and ongoing evaluations of the credit quality of our tenants and require most tenants to provide security deposits or letters of credit. Though these security deposits and letters of credit are insufficient to meet the total value of a tenant's lease obligation, they are a measure of good faith and a potential source of funds to offset the economic costs associated with lost revenue from that tenant and the costs associated with re-tenanting a space.
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been reclassified to conform to our current year presentation.</span></div>As of December 31, 2023, SUMMIT met the criteria of a reportable operating segment pursuant to the guidance in ASC 280. Accordingly, we reclassified SUMMIT Operator revenue, SUMMIT Operator expenses, and SUMMIT Operator tax expense to separate financial statement line items in our consolidated statements of operations. These items were previously presented on a net basis in Other income. Additionally, the depreciation and amortization of SUMMIT assets are included in Depreciation and amortization in our consolidated statements of operations. Prior period balances have been reclassified to conform to the current period presentation.
CY2024Q1 slg Number Of Real Estate Properties Acquired From Third Party
NumberOfRealEstatePropertiesAcquiredFromThirdParty
0 property
CY2024Q1 slg Number Of Investments Nonperforming
NumberOfInvestmentsNonperforming
2 investment
CY2024Q1 slg Financing Receivable Portfolio Segments Number
FinancingReceivablePortfolioSegmentsNumber
1 segment
CY2023 slg Financing Receivable Portfolio Segments Number
FinancingReceivablePortfolioSegmentsNumber
1 segment
CY2024Q1 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.0872
CY2024Q1 slg Secured Debt Bearing Variable Interest Amount
SecuredDebtBearingVariableInterestAmount
110493000 usd
CY2023Q4 slg Secured Debt Bearing Variable Interest Amount
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CY2024Q1 us-gaap Mortgage Loans On Real Estate
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CY2024Q1 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
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CY2024Q1 us-gaap Deferred Costs Leasing Gross
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AccumulatedAmortizationOfDeferredCosts
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CY2024Q1 us-gaap Deferred Costs Current And Noncurrent
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CY2023Q4 slg Secured Debt Deferred Finance Costs Net
SecuredDebtDeferredFinanceCostsNet
6067000 usd
CY2024Q1 us-gaap Secured Debt
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CY2023Q4 us-gaap Secured Debt
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CY2024Q1 us-gaap Collateral Already Posted Aggregate Fair Value
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1900000000 usd
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CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2250000000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
205000000 usd
CY2024Q1 slg Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
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CY2024Q1 us-gaap Interest Expense
InterestExpense
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CY2023Q1 us-gaap Interest Expense
InterestExpense
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FinanceLeaseInterestExpenseBeforeCapitalizedInterest
1120000 usd
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FinanceLeaseInterestExpenseBeforeCapitalizedInterest
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25464000 usd
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CY2023Q1 us-gaap Amortization Of Debt Discount Premium
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CY2024Q1 us-gaap Interest Income Operating
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CY2023Q1 us-gaap Interest Income Operating
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CY2023Q1 us-gaap Interest Income Expense Net
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CY2024Q1 slg Total Shares Authorized
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260000000 shares
CY2024Q1 slg Total Par Or Stated Value Per Share
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CY2024Q1 us-gaap Common Stock Shares Authorized
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160000000 shares
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75000000 shares
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CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
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PreferredStockParOrStatedValuePerShare
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CY2024Q1 us-gaap Stock Repurchased During Period Shares
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CY2024Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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13141000 usd
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CY2024Q1 us-gaap Distributed Earnings
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434000 usd
CY2023Q1 us-gaap Distributed Earnings
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CY2024Q1 slg Net Income Loss Available To Common Stockholders After Distributed And Undistributed Earnings Allocation Basic
NetIncomeLossAvailableToCommonStockholdersAfterDistributedAndUndistributedEarningsAllocationBasic
12707000 usd
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NetIncomeLossAvailableToCommonStockholdersAfterDistributedAndUndistributedEarningsAllocationBasic
-40137000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-434000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2024Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
901000 usd
CY2023Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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14042000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64328000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64079000 shares
CY2024Q1 slg Incremental Common Shares Attributable To Redemption Of Units To Common Shares
IncrementalCommonSharesAttributableToRedemptionOfUnitsToCommonShares
4439000 shares
CY2023Q1 slg Incremental Common Shares Attributable To Redemption Of Units To Common Shares
IncrementalCommonSharesAttributableToRedemptionOfUnitsToCommonShares
4103000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1328000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70095000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68182000 shares
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
135000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1275225 shares
CY2024Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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300000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
400000 usd
CY2024Q1 slg Other Comprehensive Income Loss Deferred Net Lossfrom Terminated Hedges
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CY2023Q4 slg Other Comprehensive Income Loss Deferred Net Lossfrom Terminated Hedges
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CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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10673000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
20450000 usd
CY2024Q1 slg Operating Lease Lease Income Fixed And Variable Lease Payments
OperatingLeaseLeaseIncomeFixedAndVariableLeasePayments
141553000 usd
CY2023Q1 slg Operating Lease Lease Income Fixed And Variable Lease Payments
OperatingLeaseLeaseIncomeFixedAndVariableLeasePayments
186803000 usd
CY2024Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-49000 usd
CY2023Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
8239000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
141504000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
195042000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
51388000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7754000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
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9591000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
33456000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
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17108000 usd
CY2024Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
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-8100000 usd
CY2024Q1 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
8500000 usd
CY2024Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
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CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
36861000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-19408000 usd
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-13647000 usd
CY2023Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-11651000 usd
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
128252000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
166353000 usd
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
13301000 usd
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
48400000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
48900000 usd
CY2024Q1 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
1120000 usd
CY2023Q1 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
1106000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
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3 segment
CY2024Q1 us-gaap Revenues
Revenues
187882000 usd
CY2023Q1 us-gaap Revenues
Revenues
245764000 usd
CY2024Q1 slg Income Loss From Continuing Operations Before Realized Gain Loss On Disposal Of Equity Method Investment
IncomeLossFromContinuingOperationsBeforeRealizedGainLossOnDisposalOfEquityMethodInvestment
18389000 usd
CY2023Q1 slg Income Loss From Continuing Operations Before Realized Gain Loss On Disposal Of Equity Method Investment
IncomeLossFromContinuingOperationsBeforeRealizedGainLossOnDisposalOfEquityMethodInvestment
-38357000 usd
CY2024Q1 us-gaap Assets
Assets
9764292000 usd
CY2023Q4 us-gaap Assets
Assets
9531181000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
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3 segment
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21300000 usd
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23300000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
196035000 usd

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