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) has announced a $400 million public offering of common stock, with an additional 30-day option for underwriters to purchase up to $60 million more shares. The company plans to use the proceeds for general corporate purposes, including new debt and equity investments and debt repayment. Wells Fargo Securities, J.P. Morgan, TD Securities, BMO Capital Markets, and Deutsche Bank Securities are acting as joint bookrunning managers. As Manhattan's largest office landlord, SLG holds interests in 55 buildings totaling 31.8 million square feet, including 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
SL Green Realty Corp has completed the sale of an 11.0% interest in One Vanderbilt Avenue to Mori Building Co at a gross valuation of $4.7 billion. Following the transaction, SLG maintains a 60.0% ownership stake in the property. The 1.7 million-square-foot skyscraper, standing 1,401 feet tall in Manhattan, is 100% leased and houses premier finance, technology, law, and real estate firms. The building features SUMMIT One Vanderbilt observation experience, two Michelin-starred restaurants, and direct connection to Grand Central Terminal.
SL Green Realty Corp has successfully modified and extended the $742.8 million mortgage on 1515 Broadway. The extension pushes the maturity date by three years to March 2028, maintaining the interest rate at 3.93%. The 54-story office tower, located in Times Square, is fully leased to Viacom and houses the Minskoff Theatre. SL Green, in partnership with Caesars Entertainment and Roc Nation, is pursuing a proposal to transform the property into Caesars Palace Times Square, competing for one of three downstate New York gaming licenses expected to be awarded in 2025.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly ordinary dividend of $0.25 per share of common stock, equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on December 16, 2024 to shareholders of record as of November 29, 2024.
SL Green Realty Corp has secured a significant 72,515 square-foot, 10-year lease with Verition Group NY at 245 Park Avenue. The hedge fund will expand its space by 34,413 square feet, moving from the 35th floor to occupy the entire 14th and 15th floors. This deal brings the building's occupancy to 92.5% and increases SL Green's total office leases for the year to 3,002,971 square feet.
The property is undergoing a transformative redevelopment, including a new lobby, renovated plazas, new windows, and terracotta facade updates. New amenities will feature a wellness center, golf lounge, upscale cafe by Michelin star chef Daniel Boulud's team, and a rooftop garden with city views.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly ordinary dividend of $0.25 per share of common stock. This is equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on November 15, 2024 to shareholders of record at the close of business on October 31, 2024. This announcement demonstrates SL Green's commitment to providing regular returns to its shareholders, maintaining its position as a significant player in the Manhattan office real estate market.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has announced a significant 924,876 square foot renewal and expansion lease with Bloomberg, L.P. at 919 Third Avenue. The transaction includes a 749,035-square-foot, 11-year lease extension starting March 1, 2029, and an expansion of 175,841 square feet with a new 15-year lease.
This lease contributes to SL Green's strong leasing momentum in 2024, with 150 Manhattan office leases totaling 2,795,746 square feet signed to date. The company expects to sign more than 3.3 million square feet of Manhattan office leases in 2024 and increase Manhattan same-store office occupancy to 92.5% by December 31, 2024.
919 Third Avenue is a 1.5 million-square-foot, 47-story office tower that recently underwent extensive renovations. The deal was brokered by CBRE teams representing both Bloomberg and SL Green.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has announced its latest dividend declarations. The company's board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, equivalent to an annualized dividend of $3.00 per share. This dividend will be paid in cash on October 15, 2024, to shareholders of record as of September 30, 2024.
Additionally, the board declared a quarterly dividend on the Series I Preferred Stock of $0.40625 per share, equivalent to an annualized dividend of $1.625 per share. This preferred stock dividend covers the period from July 15, 2024, through October 14, 2024, and will also be paid on October 15, 2024, to shareholders of record as of September 30, 2024.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has announced the release of its third quarter 2024 financial results on October 16, 2024 after market close. The company will host a conference call and audio webcast on October 17, 2024 at 2:00pm ET to discuss the results. The executive management team, led by Marc Holliday, Chairman and CEO, will present the financial data.
Supplemental data will be available on the company's website simultaneously with the earnings release. The live conference call will be webcast in listen-only mode, with a replay available later. Research analysts wishing to participate must register in advance through a provided link.
SL Green Realty Corp (NYSE: SLG), New York City's largest office landlord, has announced its participation in the BofA Securities 2024 Global Real Estate Conference on September 11, 2024. Key executives, including Matt DiLiberto (CFO), Harrison Sitomer (CIO), and Steven Durels (EVP and Director of Leasing and Real Property), will engage in a roundtable discussion at 1:30 PM ET.
The event will be accessible via a live audio-webcast in listen-only mode. Presentation materials will be available before the webcast in the Investors' section of SL Green's website. A replay of the audio-webcast will also be provided. This participation underscores SL Green's commitment to investor relations and market presence in the real estate sector.
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