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) announced a significant 15-year lease with Beam Suntory for 99,556 square feet at 11 Madison Avenue, achieving 100% occupancy for the building. This location will serve as Beam Suntory’s global headquarters, enhancing its presence in New York—a key market for its premium spirits strategy. The deal highlights the attractiveness of 11 Madison Avenue, known for its architecture and prime location. SL Green, a major player in Manhattan’s commercial real estate, continues to manage a substantial portfolio, with interests in 93 buildings totaling 40.6 million square feet.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.3033 per share, payable on February 16, 2021, to shareholders of record as of January 29, 2021. As of September 30, 2020, SL Green owned interests in 93 buildings totaling 40.6 million square feet, with significant holdings in Manhattan's commercial properties. The press release also includes forward-looking statements about potential risks, particularly related to the ongoing challenges posed by COVID-19.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its earnings for Q4 2020 on January 27, 2021, after market close. CEO Marc Holliday will host a conference call on January 28, 2021, at 2:00 PM ET to discuss financial results. Investors can access supplemental data on SL Green's website. As of September 30, 2020, SL Green owned interests in 93 buildings totaling 40.6 million square feet, including 29.2 million square feet in Manhattan. The company warns that forward-looking statements may be subject to various risks, including those from COVID-19.
SL Green Realty Corp. has signed 393,056 square feet of office leases in Manhattan during Q4 2020, pushing the year-to-date total to 1,176,681 square feet. By year-end, total leasing volume is expected to surpass 1.2 million square feet. Key leases include a 5-year renewal by Travelers Indemnity Company for 133,479 square feet and a 12-year lease by Heidrick & Struggles for 36,031 square feet at One Vanderbilt. SL Green highlights an increase in leasing activity, attributing it to its upgraded properties designed for a healthier work environment amid COVID-19.
SL Green Realty Corp. (NYSE: SLG) has authorized a $500 million increase to its share repurchase program, raising the total to $3.5 billion. The CEO, Marc Holliday, stated that this strategic investment aims to provide shareholders with the highest return on investment due to the stock's current undervaluation compared to its financial worth. As of September 30, 2020, SL Green owns interests in 93 buildings totaling 40.6 million square feet in Manhattan.
SL Green Realty Corp. (NYSE: SLG) has announced a 2.8% increase in its annual ordinary dividend to $3.64 per share, payable monthly. The next dividend, $0.3033, will be paid on January 15, 2021. A special dividend of $1.6967 per share will also be issued due to asset dispositions in 2020, bringing the total to $2.00 per share. Shareholders can choose to receive this in cash or stock. Additionally, a reverse stock split will take place on January 20, 2021.
SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.295 per share, payable on December 15, 2020 to shareholders on record by November 30, 2020. As Manhattan's largest office landlord, SL Green focuses on maximizing value from its commercial properties. As of September 30, 2020, the company had interests in 93 buildings, totaling 40.6 million square feet, including 29.2 million square feet of Manhattan buildings. The company’s financial results may be impacted by various risks, particularly those related to COVID-19.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has secured a $1.25 billion construction loan for One Madison Avenue, in collaboration with the National Pension Service of Korea and Hines. This loan, facilitated by top banks, will fund a 1.4 million-square-foot state-of-the-art office tower in Midtown South. The project aims to create over 3,000 construction jobs and will include innovative amenities designed for a healthy work environment. SL Green remains committed to enhancing New York City's economy through this significant development.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, announced a contract to sell 410 Tenth Avenue for $952.5 million. SL Green holds a 70.9% interest in the venture and will retain a 5% stake during redevelopment. The sale is expected to close in Q4 2020, showcasing the demand for prime assets in Manhattan. This transaction will enhance SL Green's liquidity, reduce debt, and is part of a broader redevelopment project that aims for completion by Q3 2021.
SL Green Realty Corp. (NYSE: SLG) announced its Annual Institutional Investor Conference set for December 7, 2020, starting at 10:00 AM ET. The event, led by key executives Marc Holliday, Andrew Mathias, and Matt DiLiberto, is invitation-only and will adhere to social distancing protocols. An audio webcast will be accessible for online listeners, with presentation materials available on SL Green's investor website. The company, as of September 30, 2020, operated 93 buildings totaling 40.6 million square feet, primarily focusing on Manhattan commercial real estate.
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