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. 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.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, announced that its President Andrew Mathias, CFO Matt DiLiberto, and EVP Steve Durels will present at NAREIT's 2022 REITweek on June 7, 2022, at 11:45 AM ET. The event will be webcast live, available in listen-only mode on the company's Investors' page. As of March 31, 2022, SL Green owned interests in 72 buildings totaling 34.7 million square feet. The company focuses on acquiring and managing Manhattan commercial properties.
SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.3108 per share, payable on June 15, 2022 to shareholders on record by May 31, 2022. As Manhattan's largest office landlord, SL Green manages significant commercial properties, holding interests in 72 buildings totaling 34.7 million square feet, including 26.7 million square feet of Manhattan buildings. The announcement reflects the company's commitment to returning value to shareholders amidst its ongoing investments in New York's commercial real estate market.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, declared a monthly dividend of $0.3108 per share, payable on May 16, 2022, to shareholders of record as of April 29, 2022. The company manages 72 buildings with a total of 34.7 million square feet across Manhattan, focusing on maximizing value in commercial properties. This announcement indicates a commitment to returning value to shareholders.
SL Green Realty Corp. reported a net income of $0.11 per share for Q1 2022, a turnaround from a net loss of $0.12 per share in Q1 2021. Funds from operations (FFO) were $1.65 per share, down from $1.73 per share year-over-year. The company signed 37 Manhattan office leases, totaling 820,989 square feet, though the mark-to-market on these leases was 15.1% lower than previous rents. Same-store cash net operating income rose 9.3%. SL Green repurchased 2.2 million shares, part of a $3.5 billion share repurchase program. Occupancy in Manhattan was 92.7% as of March 31, 2022.
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