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The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $179.6 million and $41.2 million of land, $282.3 million and $57.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $53.2 million and $37.8 million of right of use assets, $16.4 million and $10.3 million of accumulated depreciation, $297.1 million and $289.5 million of other assets included in other line items, $368.6 million and $94.0 million of real estate debt, net, $0.9 million and $0.7 million of accrued interest payable, $45.3 million and $29.9 million of lease liabilities, and $31.2 million and $56.6 million of other liabilities included in other line items as of March 31, 2021 and December 31, 2020, respectively.us-gaap:AccountingStandardsUpdate201613MemberThe 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: $179.6 million and $41.2 million of land, $282.3 million and $57.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $53.2 million and $37.8 million of right of use assets, $16.4 million and $10.3 million of accumulated depreciation, $297.1 million and $289.5 million of other assets included in other line items, $368.6 million and $94.0 million of real estate debt, net, $0.9 million and $0.7 million of accrued interest payable, $45.3 million and $29.9 million of lease liabilities, and $31.2 million and $56.6 million of other liabilities included in other line items as of March 31, 2021 and December 31, 2020, 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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________________________
FORM 10-Q
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2021
OR
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                to                
Commission File Number: 1-13199 (SL Green Realty Corp.)
Commission File Number: 33-167793-02 (SL Green Operating Partnership, L.P.)
______________________________________________________________________
SL GREEN REALTY CORP.
SL GREEN OPERATING PARTNERSHIP, L.P.
(Exact name of registrant as specified in its charter)
______________________________________________________________________
SL Green Realty Corp.Maryland13-3956775
SL Green Operating Partnership, L.P.Delaware13-3960938
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
One Vanderbilt AvenueNew YorkNY 10017
(Address of principal executive offices—Zip Code)

(212594-2700
(Registrant's telephone number, including area code)

420 Lexington AvenueNew YorkNY 10170
(Former name or former address, if changed since last report)
______________________________________________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. 
SL Green Realty Corp.    Yes x    No o            SL Green Operating Partnership, L.P.    Yes x    No o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). 
SL Green Realty Corp.     Yes x    No o            SL Green Operating Partnership, L.P.    Yes x    No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
SL Green Realty Corp.
Large accelerated filerxAccelerated filer
Non-accelerated filer
Smaller Reporting CompanyEmerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
SL Green Operating Partnership, L.P.
Large accelerated filerAccelerated filer
Non-accelerated filerx
Smaller Reporting CompanyEmerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). 
SL Green Realty Corp.    Yes     No x            SL Green Operating Partnership, L.P.    Yes     No x
Securities registered pursuant to Section 12(b) of the Act:
RegistrantTrading SymbolTitle of Each ClassName of Each Exchange on Which Registered
SL Green Realty Corp.SLGCommon Stock, $0.01 par valueNew York Stock Exchange
SL Green Realty Corp.SLG.PRI6.500% Series I Cumulative Redeemable Preferred Stock, $0.01 par valueNew York Stock Exchange
As of May 7, 2021, 69,353,968 shares of SL Green Realty Corp.'s common stock, par value $0.01 per share, were outstanding. As of May 7, 2021, 1,025,366 common units of limited partnership interest of SL Green Operating Partnership, L.P. were held by non-affiliates. There is no established trading market for such units.




EXPLANATORY NOTE

This report combines the quarterly reports on Form 10-Q for the period ended March 31, 2021 of SL Green Realty Corp. and SL Green Operating Partnership, L.P. Unless stated otherwise or the context otherwise requires, references to "SL Green Realty Corp.," the "Company" or "SL Green" mean SL Green Realty Corp. and its consolidated subsidiaries, including SL Green Operating Partnership, L.P.; and references to "SL Green Operating Partnership, L.P.," the "Operating Partnership" or "SLGOP" mean SL Green Operating Partnership, L.P. and its consolidated subsidiaries. The terms "we," "our" and "us" mean the Company and all the entities owned or controlled by the Company, including the Operating Partnership.
The Company is a Maryland corporation which operates as a self-administered and self-managed real estate investment trust, or REIT, and is the sole managing general partner of the Operating Partnership. As a general partner of the Operating Partnership, the Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership.
As of March 31, 2021 the Company owns 94.35% of the outstanding general and limited partnership interest in the Operating Partnership and owns 9,200,000 Series I Preferred Units of the Operating Partnership. As of March 31, 2021, noncontrolling investors held, in aggregate, a 5.65% limited partnership interest in the Operating Partnership. We refer to these interests as the noncontrolling interests in the Operating Partnership.
The Company and the Operating Partnership are managed and operated as one entity. The financial results of the Operating Partnership are consolidated into the financial statements of the Company. The Company has no significant assets other than its investment in the Operating Partnership. Substantially all of our assets are held by, and our operations are conducted through, the Operating Partnership. Therefore, the assets and liabilities of the Company and the Operating Partnership are substantially the same.
Noncontrolling interests in the Operating Partnership, stockholders' equity of the Company and partners' capital of the Operating Partnership are the main areas of difference between the consolidated financial statements of the Company and those of the Operating Partnership. The common limited partnership interests in the Operating Partnership not owned by the Company are accounted as noncontrolling interests, within mezzanine equity, in the Company's and the Operating Partnership's consolidated financial statements.
We believe combining the quarterly reports on Form 10-Q of the Company and the Operating Partnership into this single report results in the following benefits:
Combined reports enhance investors' understanding of the Company and the Operating Partnership by enabling investors to view the business as a whole in the same manner as management views and operates the business;
Combined reports eliminate duplicative disclosure and provides a more streamlined and readable presentation since a substantial portion of the Company's disclosure applies to both the Company and the Operating Partnership; and
Combined reports create time and cost efficiencies through the preparation of one combined report instead of two separate reports.
To help investors understand the significant differences between the Company and the Operating Partnership, this report presents the following separate sections for each of the Company and the Operating Partnership:
consolidated financial statements;
the following notes to the consolidated financial statements:
Note 11, Noncontrolling Interests on the Company’s Consolidated Financial Statements;
Note 12, Stockholders' Equity of the Company; and
Note 13, Partners' Capital of the Operating Partnership.
This report also includes separate Part I, Item 4. Controls and Procedures sections and separate Exhibit 31 and 32 certifications for each of the Company and the Operating Partnership, respectively, in order to establish that the Chief Executive Officer and the Chief Financial Officer of the Company, in both their capacity as the principal executive officer and principal financial officer of the Company and the principal executive officer and principal financial officer of the general partner of the Operating Partnership, have made the requisite certifications and that the Company and the Operating Partnership are compliant with Rule 13a-15 and Rule 15d-15 of the Securities Exchange Act of 1934, as amended, or the Exchange Act.
On December 4, 2020 our Board of Directors declared an ordinary dividend and a special dividend (together, "the Total Dividend"). The Total Dividend was paid on January 15, 2021 to shareholders of record at the close of business on December 15, 2020 ("the Record Date"). Shareholders had the opportunity to elect to receive the Total Dividend in the form of all cash or all stock, subject to proration if either option was oversubscribed. As a result of the elections made, the cash option was oversubscribed and was prorated. Shareholders who elected to receive cash received, for each share of common stock they



owned as of the Record Date, approximately $0.3735 in cash and 0.0279 shares of common stock. Shareholders who elected to receive shares received, for each share of common stock they owned as of the Record Date, approximately 0.0343 shares of common stock. The number of shares issued was calculated based on the volume weighted average trading price of SLG's common stock between January 5-7, 2021, of $58.15 per share.
To mitigate the dilutive impact of the common stock issued in the special dividend, the board of directors also authorized a reverse stock split, which was effective after markets closed on January 20, 2021. On January 8, 2021, a committee of the Board of Directors calculated the ratio for the reverse stock split of our issued and outstanding shares of common stock as 1.02918-for-1. After the issuance of the dividend and the completion of the reverse stock split, the number of shares of our common stock outstanding was equivalent to the number of total shares outstanding on the Record Date (not including any issuances or repurchases that occurred following the Record Date, as well as any fractional shares that would have been issued but for which cash-in-lieu was paid). However, on a relative basis, some individual shareholders may have more shares of SLG’s common stock, and some individual shareholders may have fewer shares of our common stock, depending on their individual elections to receive cash or stock and as a result of the cash option being oversubscribed.
All share-related references and measurements including the number of shares outstanding, share prices, number of shares repurchased, earnings per share, dividends per share, and share-based compensation awards, have been retroactively adjusted to reflect the reverse stock split for all periods presented in this Quarterly Report on Form 10-Q.



SL GREEN REALTY CORP. AND SL GREEN OPERATING PARTNERSHIP, L.P.
TABLE OF CONTENTS
PART I. FINANCIAL INFORMATION 
Item 1.FINANCIAL STATEMENTS
FINANCIAL STATEMENTS OF SL GREEN REALTY CORP.
Consolidated Balance Sheets as of March 31, 2021 (unaudited) and December 31, 2020
Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020 (unaudited)
Consolidated Statements of Comprehensive Income for the three months ended March 31, 2021 and 2020 (unaudited)
Consolidated Statements of Equity for the three months ended March 31, 2021 and 2020 (unaudited)
Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020 (unaudited)
FINANCIAL STATEMENTS OF SL GREEN OPERATING PARTNERSHIP, L.P.
Consolidated Balance Sheets as of March 31, 2021 (unaudited) and December 31, 2020
Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020 (unaudited)
Consolidated Statements of Comprehensive Income for the three months ended March 31, 2021 and 2020 (unaudited)
Consolidated Statements of Capital for the three months ended March 31, 2021 and 2020 (unaudited)
Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020 (unaudited)
Notes to Consolidated Financial Statements (unaudited)
Management's Discussion and Analysis of Financial Condition and Results of Operations
Quantitative and Qualitative Disclosures about Market Risk
Controls and Procedures (SL Green Realty Corp. and SL Green Operating Partnership, L.P.)
PART II.OTHER INFORMATION
Legal Proceedings
Risk Factors
Unregistered Sales of Equity Securities and Use of Proceeds
Defaults Upon Senior Securities
Mine Safety Disclosures
Other Information
Exhibits
Signatures


Table of Contents


SL GREEN REALTY CORP. AND SL GREEN OPERATING PARTNERSHIP, L.P.

PART I FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

5

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SL Green Realty Corp.
Consolidated Balance Sheets
(in thousands)
March 31, 2021December 31, 2020
(unaudited)
Assets
Commercial real estate properties, at cost:
Land and land interests
$1,445,199 $1,315,832 
Building and improvements
4,096,930 4,168,193 
Building leasehold and improvements
1,730,418 1,448,134 
Right of use asset - financing leases55,711 55,711 
Right of use asset - operating leases502,316 367,209 
7,830,574 7,355,079 
Less: accumulated depreciation
(2,004,945)(1,956,077)
5,825,629 5,399,002 
Cash and cash equivalents304,999 266,059 
Restricted cash96,608 106,736 
Investments in marketable securities23,784 28,570 
Tenant and other receivables42,505 44,507 
Related party receivables34,310 34,657 
Deferred rents receivable304,420 302,791 
Debt and preferred equity investments, net of discounts and deferred origination fees of $9,817 and $11,232 and allowances of $13,213 and $13,213 in 2021 and 2020, respectively
1,097,202 1,076,542 
Investments in unconsolidated joint ventures3,698,701 3,823,322 
Deferred costs, net170,252 177,168 
Other assets445,635 448,213 
Total assets (1)
$12,044,045 $11,707,567 
Liabilities
Mortgages and other loans payable, net$1,848,701 $1,979,972 
Revolving credit facility, net625,809 105,262 
Unsecured term loans, net1,495,620 1,495,275 
Unsecured notes, net1,248,622 1,248,219 
Accrued interest payable22,796 14,825 
Other liabilities267,908 302,798 
Accounts payable and accrued expenses120,015 151,309 
Deferred revenue119,215 118,572 
Lease liability - financing leases152,622 152,521 
Lease liability - operating leases455,385 339,458 
Dividend and distributions payable24,924 149,294 
Security deposits54,181 53,836 
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities100,000 100,000 
Total liabilities (1)
6,535,798 6,211,341 
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SL Green Realty Corp.
Consolidated Balance Sheets
(in thousands)
March 31, 2021December 31, 2020
(unaudited)
Commitments and contingencies
Noncontrolling interests in Operating Partnership374,124 358,262 
Preferred units198,503 202,169 
Equity
SL Green stockholders' equity:
Series I Preferred Stock, $0.01 par value, $25.00 liquidation preference, 9,200 issued and outstanding at both March 31, 2021 and December 31, 2020
221,932 221,932 
Common stock, $0.01 par value, 160,000 shares authorized and 70,380 and 69,534 issued and outstanding at March 31, 2021 and December 31, 2020, respectively (including 1,026 and 1,026 shares held in treasury at March 31, 2021 and December 31, 2020, respectively)
705 716 
Additional paid-in-capital3,913,258 3,862,949 
Treasury stock at cost(124,049)(124,049)
Accumulated other comprehensive loss(18,897)(67,247)
Retained earnings918,077 1,015,462 
Total SL Green stockholders' equity4,911,026 4,909,763 
Noncontrolling interests in other partnerships24,594 26,032 
Total equity4,935,620 4,935,795 
Total liabilities and equity$12,044,045 $11,707,567 
(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: $179.6 million and $41.2 million of land, $282.3 million and $57.9 million of building and improvements, $2.0 million and $2.0 million of building and leasehold improvements, $53.2 million and $37.8 million of right of use assets, $16.4 million and $10.3 million of accumulated depreciation, $297.1 million and $289.5 million of other assets included in other line items, $368.6 million and $94.0 million of real estate debt, net, $0.9 million and $0.7 million of accrued interest payable, $45.3 million and $29.9 million of lease liabilities, and $31.2 million and $56.6 million of other liabilities included in other line items as of March 31, 2021 and December 31, 2020, respectively.


The accompanying notes are an integral part of these consolidated financial statements.
7

Table of Contents

SL Green Realty Corp.
Consolidated Statements of Operations
(unaudited, in thousands, except per share data)

Three Months Ended March 31,
 20212020
Revenues
Rental revenue, net$188,089 $222,631 
Investment income19,273 38,533 
Other income18,740 53,139 
Total revenues226,102 314,303 
Expenses
Operating expenses, including related party expenses of $2,225 in 2021 and $3,749 in 2020
42,284 53,866 
Real estate taxes45,411 46,622 
Operating lease rent6,739 7,367 
Interest expense, net of interest income23,388 37,494 
Amortization of deferred financing costs3,774 2,500 
Depreciation and amortization62,996 68,279 
Loan loss and other investment reserves, net of recoveries 11,248 
Transaction related costs22 65 
Marketing, general and administrative22,885 19,570 
Total expenses207,499 247,011 
Equity in net loss from unconsolidated joint ventures(2,864)(12,814)
Equity in net loss on sale of interest in unconsolidated joint venture/real estate(12,629) 
Purchase price and other fair value adjustments2,664  
(Loss) gain on sale of real estate, net(1,388)72,636 
Depreciable real estate reserves and impairment(8,241) 
Net (loss) income(3,855)127,114 
Net loss (income) attributable to noncontrolling interests:
Noncontrolling interests in the Operating Partnership476 (6,202)
Noncontrolling interests in other partnerships1,499 293 
Preferred units distributions(1,846)(2,666)
Net (loss) income attributable to SL Green(3,726)118,539 
Perpetual preferred stock dividends(3,738)(3,738)
Net (loss) income attributable to SL Green common stockholders$(7,464)$114,801 
Basic earnings per share$(0.11)$1.51 
Diluted earnings per share$(0.11)$1.51 
Basic weighted average common shares outstanding69,010 75,656 
Diluted weighted average common shares and common share equivalents outstanding 74,070 80,352 
The accompanying notes are an integral part of these consolidated financial statements.
8

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SL Green Realty Corp.
Consolidated Statements of Comprehensive Income
(unaudited, in thousands)
Three Months Ended March 31,
 20212020
Net (loss) income $(3,855)$127,114 
Other comprehensive income (loss):
Increase (decrease) in unrealized value of derivative instruments, including SL Green's share of joint venture derivative instruments51,263 (50,735)
Decrease in unrealized value of marketable securities(258)(4,534)
Other comprehensive income (loss)51,005 (55,269)
Comprehensive income47,150 71,845 
Net loss (income) attributable to noncontrolling interests and preferred units distributions129 (8,575)
Other comprehensive (income) loss attributable to noncontrolling interests(2,655)2,886 
Comprehensive income attributable to SL Green$44,624 $66,156 


The accompanying notes are an integral part of these consolidated financial statements.

9

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SL Green Realty Corp.
Consolidated Statements of Equity
(unaudited, in thousands, except per share data)
SL Green Realty Corp. Stockholders
 Common Stock
Series I
Preferred
Stock
SharesPar
Value
Additional
Paid-
In-Capital
Treasury
Stock
Accumulated
Other
Comprehensive Loss
Retained
Earnings
Noncontrolling
Interests
Total
Balance at December 31, 2020$221,932 68,508 $716 $3,862,949 $(124,049)$(67,247)$1,015,462 $26,032 $4,935,795 
Net loss(3,726)(1,499)(5,225)
Other comprehensive income48,350 48,350 
Preferred dividends (3,738)(3,738)
DRSPP proceeds5 351 351 
Reallocation of noncontrolling interest in the Operating Partnership(26,609)(26,609)
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings113 2 6,726 6,728 
Repurchases of common stock(1,306)(13)(80,297) (80,310)
Contributions to consolidated joint venture interests171 171 
Cash distributions to noncontrolling interests(110)(110)
Issuance of special dividend paid primarily in stock2,034 123,529 123,529 
Cash distributions declared ($0.910 per common share, none of which represented a return of capital for federal income tax purposes)
(63,312)(63,312)
Balance at March 31, 2021$221,932 69,354 $705 $3,913,258 $(124,049)$(18,897)$918,077 $24,594 $4,935,620 
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Table of Contents

SL Green Realty Corp.
Consolidated Statements of Equity
(unaudited, in thousands, except per share data)
SL Green Realty Corp. Stockholders 
Common Stock
Series I
Preferred
Stock
SharesPar
Value
Additional
Paid-
In-Capital
Treasury
Stock
Accumulated
Other
Comprehensive Loss
Retained
Earnings
Noncontrolling
Interests
Total
Balance at December 31, 2019$221,932 76,956 $803 $4,286,395 $(124,049)$(28,485)$1,084,719 $75,883 $5,517,198 
Cumulative adjustment upon adoption of ASC 326(39,184)(39,184)
Balance at January 1, 2020$221,932 76,956 $803 $4,286,395 $(124,049)$(28,485)$1,045,535 $75,883 $5,478,014 
Net income (loss)118,539 (293)118,246 
Acquisition of subsidiary interest from noncontrolling interest(3,123)1,587 (1,536)
Other comprehensive loss(52,383)(52,383)
Preferred dividends (3,738)(3,738)
DRSPP proceeds2 166 166 
Conversion of units in the Operating Partnership for common stock1 84 84 
Reallocation of noncontrolling interest in the Operating Partnership38,529 38,529 
Deferred compensation plan and stock awards, net of forfeitures and tax withholdings(32)(1)5,503 5,502 
Repurchases of common stock(2,562)(26)(142,719)(76,831)(219,576)
Contributions to consolidated joint venture interests3,814 3,814 
Cash distributions to noncontrolling interests(492)(492)
Cash distributions declared ($0.304 per common share, none of which represented a return of capital for federal income tax purposes)
(22,665)(22,665)
Balance at March 31, 2020$221,932 74,365 $776 $4,146,306 $(124,049)$(80,868)$1,099,369 $80,499 $5,343,965 

The accompanying notes are an integral part of these consolidated financial statements.
11

Table of Contents

SL Green Realty Corp.
Consolidated Statements of Cash Flows
(unaudited, in thousands, except per share data)
Three Months Ended March 31,
20212020
Operating Activities
Net (loss) income$(3,855)$127,114 
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization66,770 70,779 
Equity in net loss from unconsolidated joint ventures2,864 12,814 
Distributions of cumulative earnings from unconsolidated joint ventures69 108 
Equity in net loss on sale of interest in unconsolidated joint venture interest/real estate12,629  
Purchase price and other fair value adjustments(2,664) 
Depreciable real estate reserves and impairment8,241  
Loss (gain) on sale of real estate, net1,388 (72,636)
Loan loss reserves and other investment reserves, net of recoveries 11,248 
Deferred rents receivable(2,685)3,717 
Non-cash lease expense3,375 3,390 
Other non-cash adjustments 15,564 1,110 
Changes in operating assets and liabilities:
Tenant and other receivables(4,138)(44,960)
Related party receivables(683)(4,711)
Deferred lease costs(240)(8,603)
Other assets(24,354)(48,130)
Accounts payable, accrued expenses, other liabilities and security deposits(38,640)(13,877)
Deferred revenue4,121 7,622 
Lease liability - operating leases(19,160)(2,959)
Net cash provided by operating activities18,602 42,026 
Investing Activities
Acquisitions of real estate property (86,846)
Additions to land, buildings and improvements(49,328)(101,726)
Investments in unconsolidated joint ventures(21,027)(8,906)
Distributions in excess of cumulative earnings from unconsolidated joint ventures19,692 53,516 
Net proceeds from disposition of real estate/joint venture interest62,800 91,156 
Cash assumed from consolidation of real estate investment9,475  
Proceeds from sale or redemption of marketable securities4,528  
Other investments(54)(4,786)
Origination of debt and preferred equity investments(5,905)(223,374)
Repayments or redemption of debt and preferred equity investments 151,548 
Net cash provided by (used in) investing activities20,181 (129,418)
12

Table of Contents

SL Green Realty Corp.
Consolidated Statements of Cash Flows
(unaudited, in thousands, except per share data)
Three Months Ended March 31,
20212020
Financing Activities
Proceeds from mortgages and other loans payable10,391 101,103 
Repayments of mortgages and other loans payable(362,542)(102,777)
Proceeds from revolving credit facility and unsecured notes530,000 1,125,000 
Repayments of revolving credit facility and unsecured notes(10,000)(315,000)
Proceeds from stock options exercised and DRSPP issuance351 166 
Repurchase of common stock(84,089)(219,576)
Redemption of preferred stock(3,631)(19,392)
Redemption of OP units(13,261)(18,066)
Distributions to noncontrolling interests in other partnerships(110)(492)
Contributions from noncontrolling interests in other partnerships171 3,814 
Acquisition of subsidiary interest from noncontrolling interest (1,536)
Distributions to noncontrolling interests in the Operating Partnership(4,148)(1,284)
Dividends paid on common and preferred stock(69,772)(79,662)
Tax withholdings related to restricted share awards(2,788)(4,752)
Deferred loan costs(288)(562)
Principal payments of on financing lease liabilities(255) 
Net cash (used in) provided by financing activities(9,971)466,984 
Net increase in cash, cash equivalents, and restricted cash28,812 379,592 
Cash, cash equivalents, and restricted cash at beginning of year372,795 241,430 
Cash, cash equivalents, and restricted cash at end of period$401,607 $621,022 
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Conversion of units in the Operating Partnership$ $84 
Issuance of special dividend paid primarily in stock123,529  
Tenant improvements and capital expenditures payable