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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., Manhattan's largest office landlord, has announced the sellout of the Giorgio Armani Residences at 760 Madison Avenue on the Upper East Side. All 10 luxury residential units are now under contract for a total gross consideration of $168.2 million. The sales are expected to close in the fourth quarter of 2024.
The development, a collaboration between SL Green, Giorgio Armani, COOKFOX architecture firm, and Victoria Hagan as creative consultant, features a fluted limestone façade reflecting Armani's classic style while respecting the Upper East Side's historic aesthetic. Several units offer Central Park views and outdoor space. Douglas Elliman Development Marketing served as the exclusive marketing and sales agency.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced significant leasing activity in 2024. The company signed leases totaling 420,513 square feet in Q2 and an additional 367,401 square feet in July, bringing the year-to-date total to 1,421,574 square feet. Notable leases include:
- Ares Management: 307,336 sq ft at 245 Park Avenue
- Elliot Management Corp: 149,437 sq ft at 280 Park Avenue
- Tradeweb Markets : 75,825 sq ft at 245 Park Avenue
- Golenbock Eiseman Assor Bell & Peskoe: 38,050 sq ft renewal at 711 Third Avenue
- Brightwood Capital Advisors: 17,320 sq ft renewal at 810 Seventh Avenue
SL Green maintains a pipeline of approximately 1.2 million square feet. The company notes that tenant demand is focused on upgraded, amenitized buildings near mass transit.
SL Green Realty Corp. (NYSE: SLG), the largest office landlord in Manhattan, will release its Q2 2024 financial results on July 17, 2024, after market close.
The management team, led by CEO Marc Holliday, will discuss the results in a conference call and audio webcast on July 18, 2024, at 2:00pm ET. Supplemental data will be available on the company's website, with a replay of the call also accessible online.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced on June 17, 2024, that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, amounting to an annualized dividend of $3.00 per share. The dividend is payable in cash on July 15, 2024, to shareholders of record as of June 28, 2024.
Additionally, the board declared a regular quarterly dividend of $0.40625 per share on the company's Series I Preferred Stock for the period from April 15, 2024, through July 14, 2024. This represents an annualized dividend of $1.625 per share, also payable in cash on July 15, 2024, to shareholders of record at the close of business on June 28, 2024.
SL Green Realty Corp. (NYSE: SLG), the largest office landlord in Manhattan, announced that several of its key executives will participate in a presentation at Nareit's 2024 REITweek. The event is scheduled for Tuesday, June 4, 2024, at 10:15 AM ET. Harrison Sitomer, Chief Investment Officer; Matt DiLiberto, Chief Financial Officer; and Steve Durels, EVP, Director of Leasing and Real Property, will represent SL Green. The presentation will be webcast live and can be accessed via the Investors section of SL Green's website, with a replay available afterward.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced a monthly dividend of $0.25 per share of common stock. This equates to an annualized dividend of $3.00 per share. The dividend will be paid in cash on June 17, 2024, to shareholders of record as of May 31, 2024.
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