Sl Green Rlty - SLG STOCK NEWS

SL Green Realty Corp. reported a net loss of $51.3 million, or $0.82 per share, for Q4 2021, a sharp decline from net income of $171.0 million, or $2.48 per share, in Q4 2020. For the full year, net income rose to $434.8 million, or $6.50 per share, from $356.1 million, or $5.01 per share, in 2020. Funds from operations (FFO) decreased to $1.52 per share for Q4 2021, compared to $1.56 per share in the previous year. The company's Manhattan office occupancy was 93.0%, and it signed 52 leases for 573,806 square feet in Q4 2021. Notably, the company repurchased 5.8 million shares under its $3.5 billion repurchase plan.

SL Green Realty Corp. (NYSE:SLG) announced it signed leases totaling 573,806 square feet in Q4 2021, pushing the annual total to 1,929,714 square feet, surpassing its goal of 1.3 million square feet. Notable leases at One Vanderbilt include a 10-year, 25,488 square foot lease by Tennor Holding B.V. and a 5-year, 6,454 square foot lease by Cipher Mining. Additionally, Northeast Series of Lockton Companies signed a 10-year lease for 81,693 square feet at 1185 Avenue of the Americas, including a significant expansion.

SL Green Realty Corp. (NYSE:SLG), the largest office landlord in Manhattan, has declared a monthly dividend of $0.3108 per share, payable on February 15, 2022 to shareholders of record by January 31, 2022. As of September 30, 2021, the firm manages 76 buildings encompassing 35.3 million square feet, with significant holdings in Manhattan. The press release highlights the company's focus on maximizing value in commercial properties and includes forward-looking statements cautioning against reliance on future outcomes due to potential risks, including the ongoing COVID-19 pandemic.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q4 2021 earnings on January 26, 2022, after market close. A conference call hosted by CEO Marc Holliday is scheduled for January 27, 2022, at 2:00 PM ET to discuss the results. Supplemental data will be available on the company's website. SL Green holds interests in 76 buildings totaling 35.3 million square feet, including 27.2 million square feet of Manhattan properties.

SL Green Realty Corp. (NYSE:SLG), New York City's largest office landlord, announced the sale of its 160,000 square foot property at 707 Eleventh Avenue for $95 million. This sale, purchased at $90 million in January 2020, is expected to close in Q1 2022 and aims to facilitate corporate debt repayment. The transaction underscores strong investor interest in quality real estate within Manhattan, as noted by SL Green's Senior VP, Harrison Sitomer. The company currently manages 76 buildings totaling 35.3 million square feet, focusing on maximizing property value.

SL Green Realty Corp. (NYSE:SLG) has successfully refinanced its unsecured corporate credit facility, reducing its overall size and cost. The revolving credit has decreased by $250 million to $1.25 billion, with a maturity extension to May 2027. The funded term loan component also reduced by $250 million to $1.05 billion with similar maturity extensions and lower borrowing costs. CFO Matt DiLiberto highlighted strong lending support and a strategic reduction in the facility size that aligns with a $3.2 billion equity base reduction through asset sales.

SL Green Realty Corp. (NYSE:SLG) has announced the sale of its leasehold interest in 1080 Amsterdam Avenue for $42.5 million, resulting in a gain of over $15 million. The sale is part of SL Green's strategy to consolidate its portfolio into core assets as New York City's residential market recovers. The property, located near Columbia University, features 96 apartments and two commercial units. The transaction is expected to close in January 2022, pending customary conditions.

SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has announced the sale of its ownership interest in the office and garage condominiums at 110 East 42nd Street for $117.075 million. The transaction, set to close by the end of 2021, will allow SL Green to fund its share repurchase program. Senior Vice President Harrison Sitomer noted ongoing demand for well-located assets in Midtown, and the sale represents a successful execution of the company’s strategy to divest non-core assets while reinvesting in its stock. As of September 30, 2021, SL Green held interests in 76 buildings totaling 35.3 million square feet.

SL Green Realty Corp. (NYSE: SLG) announced the signing of two new leases at One Vanderbilt Avenue, totaling over 19,500 square feet, alongside Bloomberg LP's expansion lease at 919 Third Avenue, now totaling 748,415 square feet. In the fourth quarter alone, SL Green has secured 359,032 square feet in leases, contributing to a total of 1.7 million square feet leased in 2021. These developments affirm SL Green's strong position in Manhattan's office market, with One Vanderbilt now at 92.7% occupancy.