Welcome to our dedicated page for SL Green Realty news (Ticker: SLG), a resource for investors and traders seeking the latest updates and insights on SL Green Realty stock.
SL Green Realty Corp. (symbol: SLG) is a leading real estate investment trust (REIT) and the largest office landlord in New York City. As of December 31, 2023, the company holds interests in 58 buildings, totaling 32.5 million square feet of premier Manhattan office space. This includes 28.8 million square feet in wholly-owned properties and 2.8 million square feet securing debt and preferred equity investments.
Founded with a focus on acquiring, managing, and maximizing the value of Manhattan commercial properties, SL Green continues to set the standard in property management and development. The company has recently unveiled transformative projects such as Le Jardin sur Madison and La Tête d’Or by Daniel at One Madison Avenue, a significant new office development in Midtown South. These spaces were designed by the renowned architect David Rockwell and famed chef Daniel Boulud, enriching the building's amenities and offering unique dining and event options.
SL Green Realty Corp. has a diversified portfolio that includes high-quality retail spaces alongside its office holdings. The company constantly seeks to enhance its asset value through strategic acquisitions, development, and leasing activities. Their properties are home to numerous high-profile tenants, which underscores their strong market position and capacity for sustained growth.
Financially, SL Green continues to demonstrate robust performance. The company recently increased its 2024 earnings guidance and holds a positive outlook for its future financial health. SL Green is also committed to sustainability and has been recognized with several awards for its environmental initiatives, including the 2024 ENERGY STAR Partner of the Year Sustained Excellence Award and being featured on the Sustainalytics 2024 ESG Top-Rated Companies List.
Additionally, SL Green maintains strategic partnerships with top companies in various industries, bolstering its market presence and operational efficiency. The company frequently updates investors and stakeholders through regular conference calls, with the next one scheduled for April 18, 2024, at 2:00pm ET.
SL Green Realty Corp. remains dedicated to delivering value to its shareholders through proactive asset management, strategic growth initiatives, and a commitment to sustainability.
SL Green Realty Corp. (NYSE: SLG) announced a 15-year lease with Franklin Templeton for 347,474 square feet at One Madison Avenue. This follows recent leases with IBM and Chelsea Piers Fitness, bringing the building's leasing to 55% completion. Set to open in November 2023, One Madison will provide state-of-the-art facilities, including health-focused design features like DOAS HVAC and oversized windows. This development is viewed as transformative for the Midtown South market, similar to the impact of One Vanderbilt Avenue in Midtown East.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q3 2022 earnings on October 19, 2022, after market close. A conference call to discuss the results will take place on October 20, 2022, at 2:00 pm ET led by CEO Marc Holliday. The earnings release will be accompanied by supplemental data available on the SL Green website. Research analysts wishing to participate must register in advance.
SL Green Realty Corp. (NYSE:SLG) announced a monthly ordinary dividend of $0.3108 per share, payable on October 17, 2022, to shareholders of record by September 30, 2022. The board also declared a quarterly dividend on its Series I Preferred Stock of $0.40625 per share, equivalent to an annualized dividend of $1.625, payable on the same date. As of June 30, 2022, SL Green manages 64 buildings with a total of 34.4 million square feet, solidifying its position as Manhattan's largest office landlord.
SL Green Realty Corp. (NYSE: SLG) has launched Jōji, a new omakase dining restaurant at One Vanderbilt, New York City. Opened on September 14, 2022, it offers a curated menu by renowned chefs George Ruan and Daniel Boulud. This culinary venture coincides with SL Green's 25th anniversary on the NYSE. Jōji also includes Jōji Box, a sushi takeout counter, with prices starting at $23.00. Reservations can be made via Resy, and the restaurant accommodates 18 guests per seating.
SL Green Realty Corp. (NYSE: SLG) has announced an agreement to sell 414,317 square feet of vacant office leasehold condominium units at 885 Third Avenue for $300.4 million to Memorial Sloan Kettering Cancer Center. This strategic sale will enhance the building's occupancy, retaining 218,796 square feet currently leased at 91.7%. The transaction is expected to close in Q4 2022. This move is seen as validating the quality and repositioning of the property, which contains approximately 633,000 square feet of Class A office space.
SL Green Realty Corp. (NYSE: SLG) has successfully acquired 245 Park Avenue, a prime 1.8 million-square-foot office property in Manhattan, strengthening its portfolio in the Grand Central/Park Avenue area. This acquisition follows SL Green's previous preferred equity investment in the property. The building, which is subject to $1.768 billion in mortgage and mezzanine loans, will undergo significant renovations, including lobby improvements and expanded amenities. The company is also pursuing a $185 million arbitration award against the asset's former owner.
SL Green Realty Corp. (NYSE: SLG), New York City's largest office landlord, has announced participation in a roundtable discussion at the BofA Securities 2022 Global Real Estate Conference on September 13, 2022, at 2:55 PM ET. Key executives including President Andrew Mathias, CFO Matt DiLiberto, and EVP Steven Durels will be present. The event will be webcasted live, with presentation materials accessible beforehand on the SL Green website. A replay will be available until December 12, 2022. As of June 30, 2022, SL Green owned interests in 64 buildings covering 34.4 million square feet.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.3108 per share, payable on September 15, 2022. Shareholders of record by August 31, 2022 will receive this cash dividend. As of June 30, 2022, SL Green managed interests in 64 buildings totaling 34.4 million square feet, with a significant ownership in 26.3 million square feet of Manhattan properties. The company is a fully integrated real estate investment trust (REIT) focused on maximizing the value of its commercial real estate portfolio.
SL Green Realty Corp. reported a net loss of $43.9 million ($0.70 per share) for Q2 2022, a significant drop from a net income of $105.3 million ($1.56 per share) in Q2 2021. Funds from operations (FFO) increased to $128.8 million ($1.87 per share), up from $117.7 million in the prior year. The company signed 39 Manhattan office leases covering 188,822 square feet, with a 92.0% occupancy rate. Major transactions included the acquisition of 450 Park Avenue for $445 million and the sale of properties for a total of $221.5 million.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.3108 per share, payable on August 15, 2022, to shareholders of record on July 29, 2022. As of March 31, 2022, SL Green owned interests in 72 buildings totaling 34.7 million square feet, highlighting its focus on Manhattan commercial properties.
FAQ
What is the current stock price of SL Green Realty (SLG)?
What is the market cap of SL Green Realty (SLG)?
What type of properties does SL Green Realty Corp. own?
What is the total square footage of properties managed by SL Green Realty?
What notable projects has SL Green recently unveiled?
How does SL Green Realty Corp. contribute to sustainability?
Who are some of SL Green Realty Corp.’s high-profile tenants?
What is SL Green Realty’s financial outlook for 2024?
When is SL Green Realty’s next conference call?
What is SL Green Realty Corp.’s business strategy?
What awards has SL Green Realty Corp. won for its environmental initiatives?
What makes SL Green Realty Corp. a leader in the real estate market?
