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), Manhattan's largest office landlord, has rescheduled its 2021 Annual Meeting of Stockholders from May 27 to June 8, 2021. The meeting will occur virtually at 12:00 p.m. Eastern time, with stockholders able to participate online only. The record date for voting eligibility is March 31, 2021. The company manages a portfolio of 88 buildings totaling 38.2 million square feet, focusing on maximizing the value of Manhattan commercial properties. Further details will be included in the upcoming proxy materials.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q1 2021 earnings on April 21, 2021, after market close. A conference call is scheduled for April 22, 2021, at 2:00 PM ET, hosted by CEO Marc Holliday. Participants can access the call via a toll-free number or by webcast through the company's website. As of December 31, 2020, SL Green owned interests in 88 buildings totaling 38.2 million square feet of real estate in Manhattan.
SL Green Realty Corp. (NYSE: SLG) has launched a city-wide COVID testing initiative in New York, marking a significant step towards workplace safety and recovery. Collaborating with state and city officials, SL Green has designated over 200,000 square feet across 21 locations for temporary testing centers, free for tenant use. All nearly 900 tenants can access testing from April 8, with preferred rates provided by testing partner Mobile Health. This initiative underscores SL Green's commitment to ensuring tenant safety and facilitating a return to office work as the vaccination process progresses.
SL Green Realty Corp. (NYSE:SLG) announced a monthly dividend of $0.3033 per share, payable on April 15, 2021 to shareholders of record by March 31, 2021. Additionally, the company declared a quarterly dividend of $0.40625 per share for its Series I Preferred Stock, equivalent to an annualized $1.625 per share, also payable on April 15, 2021. SL Green, Manhattan's largest office landlord, manages 88 buildings totaling 38.2 million square feet as of December 31, 2020.
SL Green Realty Corp. (NYSE:SLG), the largest office landlord in Manhattan, will hold its 2021 Annual Meeting of Stockholders on May 27, 2021. The meeting will occur at 10:00 a.m. ET via remote communication only, with stockholders unable to attend in person. The record date for determining eligible stockholders is March 31, 2021. Additional details will be provided in the upcoming proxy statement. As of December 31, 2020, SL Green managed 88 buildings, totaling 38.2 million square feet, cementing its role as a key player in Manhattan's commercial real estate market.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has declared a monthly dividend of $0.3033 per share, payable on March 15, 2021 to shareholders of record by February 26, 2021. This dividend reflects the company's ongoing commitment to providing value to its investors.
As of December 31, 2020, SL Green managed 88 properties, encompassing a total of 38.2 million square feet in Manhattan, which includes direct ownership of 28.6 million square feet.
SL Green Realty Corp. (NYSE: SLG) has agreed to sell its 25% interest in the commercial condominium units at Tower 46 for a gross valuation of $275 million, translating to $793 per square foot. The transaction, closing in Q1 2021, is expected to yield approximately $20 million in net cash proceeds. This sale aligns with SL Green's strategy to divest non-core assets and reinvest in its share repurchase program, showcasing the ongoing demand for Class A real estate in Manhattan. SL Green acquired the property in 2014 and holds interests in 88 buildings totaling 38.2 million square feet.
SL Green Realty Corp. (NYSE: SLG) announced three new leases totaling 224,408 square feet at 245 Park Avenue on behalf of HNA Group North America. Ares Management signed a five-year lease for 38,564 square feet, while The Norinchukin Bank renewed its lease for 37,611 square feet. Houlihan Lokey signed a ten-year lease covering 148,233 square feet. Steven Durels emphasized the building's desirability and convenience as a corporate location. The 1.78 million-square-foot tower is a prominent feature of Park Avenue, with direct access to Grand Central Terminal.
SL Green Realty Corp. (NYSE: SLG) reported a strong Q4 2020 with net income of $242 million, or $3.43 per share, up from $17 million the previous year. Annual net income also increased to $427 million, or $5.85 per share. Funds from operations (FFO) for Q4 were $119.2 million, or $1.56 per share, impacted by $8.3 million in losses from certain investments. The company announced a $500 million increase to its share repurchase program, totaling $3.5 billion, and raised its annual dividend by 2.8% to $3.64 per share.
Additionally, SL Green signed 27 Manhattan office leases totaling 463,927 square feet.
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, announced two new leases at One Vanderbilt Avenue, increasing leased occupancy to 73%. Walker & Dunlop signed a 16,614-square-foot, seven-year lease, while a financial services firm took a 26,770-square-foot, 15-year lease for the entire 55th floor. The tower boasts award-winning architecture, advanced technology, and top-tier amenities, confirming strong tenant demand amid leasing growth during the pandemic. This reinforces One Vanderbilt’s status as a leading office space for top companies.
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