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) 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.
SL Green Realty Corp. has successfully acquired 450 Park Avenue through a newly formed joint venture with institutional investors from South Korea and Israel. Retaining a 25.1% interest in the property, SL Green will manage leasing and operations. The acquisition was financed with $267 million from a Wells Fargo-led bank group. The 33-story tower spans 337,000 square feet of office and retail space, attracting luxury tenants like Aston Martin. This strategic investment enhances SL Green's growing investment management platform.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q2 2022 earnings on July 20, 2022, after market close. A conference call hosted by CEO Marc Holliday is scheduled for July 21, 2022, at 2:00 pm ET to discuss the results. Investors can access supplemental data on SL Green's website. The company holds interests in 72 buildings totaling 34.7 million square feet, including ownership interests in 26.7 million square feet of Manhattan properties.
SL Green Realty Corp. (NYSE: SLG) has declared a monthly dividend of $0.3108 per share, payable on July 15, 2022 to shareholders of record as of June 30, 2022. Additionally, a quarterly dividend of $0.40625 per share for the Series I Preferred Stock has also been announced, representing an annualized rate of $1.625. As of March 31, 2022, SL Green has interests in 72 buildings totaling 34.7 million square feet in Manhattan. The company focuses on managing and maximizing the value of commercial properties in the area.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced the sale of the vacant office condominium at 609 Fifth Avenue for $100.5 million. The transaction is expected to close in June 2022, subject to customary conditions. Harrison Sitomer, SL Green's Chief Investment Officer, highlighted that this sale reflects ongoing demand and high valuations for prime Midtown East assets. The property, strategically located in Manhattan's retail district, has undergone significant improvements. As of March 31, 2022, SL Green managed interests in 72 buildings totaling 34.7 million square feet.
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