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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 sold a 25% stake in One Madison Avenue for at least $259.3 million to an international investor, maintaining a 25.5% interest. The $2.3 billion project is set to transform the site into a state-of-the-art office tower and is currently ahead of schedule and under budget. Construction, expected to create over 3,000 jobs, incorporates a focus on health and wellness with enhanced air circulation and ample natural light. CEO Marc Holliday noted strong institutional interest in premier assets like One Madison Avenue.
SL Green Realty Corp. has announced a 2.5% increase in its annual ordinary dividend to $3.73 per share, set to be paid monthly. The first payment of $0.3108 is scheduled for January 18, 2022, to shareholders recorded by December 15, 2021. Additionally, a special dividend of $2.4392 per share will be issued, totaling approximately $2.75 per share when combined with the ordinary dividend. A reverse stock split is also planned, effective January 21, 2022.
SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.3033 per share, payable on December 15, 2021, to shareholders on record by November 30, 2021. As Manhattan's largest office landlord, SL Green focuses on acquiring and managing commercial properties, holding interests in 76 buildings totaling 35.3 million square feet as of September 30, 2021. The press release also contains forward-looking statements, cautioning investors about potential risks related to the ongoing COVID-19 pandemic.
SL Green Realty Corp. (NYSE:SLG) announced the sale of 590 Fifth Avenue for $103.0 million, valuing the property at $1,000 per square foot. This sale reflects the strong demand for well-located office and retail properties in New York City. The 19-story building, acquired by SL Green in October 2020, spans 103,000 square feet and features prime retail space. The transaction signifies progress in SL Green's 2021 business strategy, as the company remains on track to meet its annual goals. As of September 30, 2021, SL Green manages 76 buildings totaling 35.3 million square feet.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has declared a monthly dividend of $0.3033 per share of common stock. The dividend will be paid in cash on November 15, 2021, to shareholders of record as of October 29, 2021.
As of September 30, 2021, SL Green owned interests in 76 buildings totaling 35.3 million square feet, including 27.2 million square feet in Manhattan buildings. This announcement reflects the company's ongoing commitment to providing returns to its investors.
SL Green Realty Corp. (NYSE: SLG) celebrated the grand opening of SUMMIT One Vanderbilt, an immersive observatory experience in Midtown Manhattan, on October 21, 2021. This 65,000 square-foot destination features thrilling attractions like LEVITATION and ASCENT, which offer stunning views of New York City. The new venue is expected to play a vital role in revitalizing tourism as New York emerges from the COVID-19 pandemic. Tickets are available online, starting at $39 for adults, with special pricing for NYC residents.
SL Green Realty Corp. reported significant financial growth in Q3 2021, with net income attributable to common stockholders of $388.2 million, or $5.75 per share, compared to $13.9 million, or $0.19 per share, in Q3 2020. The results included $186.5 million in net gains from real estate sales. The Funds from Operations (FFO) stood at $1.78 per share, slightly up from $1.75 in the prior year. The company revised its 2021 earnings guidance, increasing the midpoint to $7.21-$7.41 per share. Manhattan office occupancy is at 93.1%, with new leases covering 445,453 square feet signed in Q3.
SL Green Realty Corp. (SLG), Manhattan's largest office landlord, has signed a 55,780 square foot, 20-year lease with Chelsea Piers Fitness for its new office tower at One Madison Avenue. This fitness facility will be the first tenant and will support the building's amenity-rich retail environment. The development, which aims to transform the existing structure into a state-of-the-art office tower, emphasizes health and wellness with features like fresh air circulation and ample natural light. The project is a partnership with Korea's National Pension Service and Hines.
SL Green Realty Corp. (NYSE: SLG) announced a significant leasing milestone, reaching over 91% occupancy at One Vanderbilt Avenue. Global software company UiPath has signed a 15-year lease for 26,363 square feet on the 60th floor. SL Green continues to enhance its portfolio with this prestigious tenant, joining other leading firms in the skyscraper, which offers state-of-the-art amenities and sustainability features. As of June 30, 2021, SL Green owned interests in 77 properties covering 35.3 million square feet in Manhattan.