Sl Green Rlty - SLG STOCK NEWS

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.2575 per share of common stock. This dividend represents an annualized dividend of $3.09 per share. The cash dividend will be paid on March 17, 2025, to shareholders of record as of the close of business on February 28, 2025.

SL Green Realty Corp reported Q4 2024 net income of $0.13 per share, compared to a net loss of $2.45 per share in Q4 2023. Funds from operations (FFO) reached $1.81 per share in Q4 2024, including $0.36 per share gain from debt extinguishment and $0.10 per share from positive mark-to-market adjustments.

The company signed 48 Manhattan office leases covering 1.79M square feet in Q4, with an 9.0% higher mark-to-market on rents. Manhattan same-store office occupancy increased to 92.5%. Notable transactions include selling an 11.0% interest in One Vanderbilt Avenue at $4.7B valuation, generating $189.5M in proceeds, and acquiring 500 Park Avenue for $130.0M.

Same-store cash NOI decreased 2.7% in Q4 and 1.2% for the full year. The company completed $5.3B in strategic debt refinancings and expanded its special servicing business to $5.0B in active assignments.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has announced a significant expansion lease with IBM at One Madison Avenue. The 92,663-square-foot, 15-year lease encompasses the entire 7th floor, bringing IBM's total footprint at the property to 362,092 square feet.

The expansion brings the building's occupancy to 72% leased. This follows SL Green's strong portfolio-wide leasing performance in 2024, during which the company signed 188 leases covering 3,607,924 square feet. The company currently maintains an active pipeline of prospective leases exceeding 875,000 square feet.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced its 2025 Annual Meeting of Stockholders will be held on Tuesday, June 3, 2025. The meeting will take place in-person at the auditorium of One Vanderbilt Avenue, New York, starting at 12:00pm ET. The company's board of directors has set Monday, March 31, 2025, as the record date for determining stockholder eligibility to receive notice and vote at the Annual Meeting. Additional meeting details will be provided in the upcoming proxy statement and related materials.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly dividend declaration for its common stock. The company's board of directors has declared a monthly ordinary dividend of $0.2575 per share, equivalent to an annualized dividend of $3.09 per share. The dividend will be paid in cash on February 18, 2025, to shareholders of record as of the close of business on January 31, 2025.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has scheduled its fourth quarter 2024 earnings release for January 22, 2025, after market close. The company will hold a conference call and audio webcast on January 23, 2025, at 2:00pm ET, led by Chairman and CEO Marc Holliday, to discuss the financial results. Supplemental data will be available on the company's website simultaneously with the earnings release. Research analysts wanting to participate in the conference call must register in advance through the provided link.

SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has secured a significant lease renewal with The Travelers Insurance Company at 485 Lexington Avenue. The renewal encompasses 122,788 square feet, covering a portion of the seventh floor and the entirety of the eighth and ninth floors, extending for an additional 10 years.

This transaction brings SL Green's total office leases signed year to date to 3,518,829 square feet, with an additional pipeline exceeding 900,000 square feet. The company reports that Midtown leasing momentum continues to outperform both 5-year and 10-year averages.

SL Green Realty Corp (NYSE: SLG) announced multiple transactions at 100 Park Avenue, including a new 220,221 square-foot lease with Alvarez & Marsal Holdings for a 15-year term. The lease covers floors 3, 4, and 7-9, bringing the building's occupancy to 95.8%.

The company modified its existing $360.0 million mortgage, extending the maturity date to December 2027 while maintaining the interest rate at 2.25% over Term SOFR. Additionally, lenders provided a new $70.0 million future funding facility for leasing costs.

100 Park Avenue is a 36-story, 834,000-square-foot office tower near Grand Central Terminal, featuring a newly renovated amenity center with a lounge, golf simulator, game room, training studio, and conference rooms.

SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has announced a 3.0% increase in its annual ordinary dividend to $3.09 per share for 2025. The dividend will be paid monthly in cash, with the first payment of $0.2575 per share scheduled for January 15, 2025, to stockholders of record as of December 31, 2024.

Additionally, the company declared a quarterly dividend on Series I Preferred Stock of $0.40625 per share for the period October 15, 2024, through January 14, 2025, equivalent to an annualized dividend of $1.625 per share, payable January 15, 2025.