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SL Green Realty Corp. - SLG STOCK NEWS

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.

Rhea-AI Summary
SL Green Realty Corp. (SLG) declares a monthly ordinary dividend of $0.25 per share of common stock, amounting to an annualized dividend of $3.00 per share. The dividend will be paid on May 15, 2024, to shareholders of record as of April 30, 2024.
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SL Green Realty Corp. reported a net income of $0.20 per share for Q1 2024, compared to a loss of $0.63 per share in Q1 2023. Funds from operations (FFO) were $3.07 per share, with an increased FFO guidance range for 2024. The company signed 60 office leases in Manhattan, with a positive mark-to-market on leases. Despite a decrease in same-store cash NOI, the company aims to increase Manhattan office occupancy to over 91.5% by the end of 2024. SL Green engaged in various investment and financing activities, including acquisitions and debt fund launch. The company received multiple ESG awards, highlighting its sustainability efforts.
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SL Green Realty Corp. completes $2.1 billion of debt refinancings, including modifications and extensions across its portfolio. The company closed on various mortgage modifications and extensions, maintaining low interest rates and extending maturity dates. SL Green also entered into contracts to sell properties and acquire joint venture interests, showcasing strategic asset management and financial restructuring.
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SL Green Realty Corp. and Vornado Realty Trust announced the successful refinancing of the $1.075 billion securitized mortgage on 280 Park Avenue, extending the maturity date to September 2026 with an option to further extend to September 2028. The interest rate was fixed at 1.78% over Term SOFR.
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SL Green Realty Corp. and Vornado Realty Trust announce the repayment of a $125.0 million mezzanine loan on 280 Park Avenue, with Newmark advising on the transaction.
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SL Green Realty Corp. announces new tenants at One Madison Avenue, including a financial services firm, a subsidiary of Flutter Entertainment, and ALIDORO. The new office tower is now 63.6% leased with all tower floors filled. The building features Le Jardin sur Madison, a unique event space, and La Tête d’Or by Daniel, a steakhouse designed by renowned architect David Rockwell. The new tenants add to the curated retail market strategy focusing on authentic New York food and beverage providers.
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SL Green Realty Corp. to release first quarter earnings on April 17, 2024, with a conference call scheduled for April 18, 2024. Marc Holliday, Chairman and CEO, will lead the discussion. Analysts can register to participate in the call.
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SL Green Realty Corp. (SLG) declares monthly ordinary dividend of $0.25 per share and quarterly dividend on Series I Preferred Stock of $0.40625 per share, payable on April 15, 2024. Annualized dividends are $3.00 per share for common stock and $1.625 per share for Preferred Stock.
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SL Green Realty Corp. executives to participate in Citi's 2024 Global Property CEO Conference. The event will be webcast live and accessible for replay, showcasing the company's leadership in the real estate sector.
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SL Green Realty Corp. declares a monthly dividend of $0.25 per share, equivalent to an annualized dividend of $3.00 per share, payable on March 15, 2024.
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FAQ

What is the current stock price of SL Green Realty (SLG)?

The current stock price of SL Green Realty (SLG) is $68.01 as of December 20, 2024.

What is the market cap of SL Green Realty (SLG)?

The market cap of SL Green Realty (SLG) is approximately 5.0B.

What type of properties does SL Green Realty Corp. own?

SL Green Realty Corp. owns and manages commercial properties, primarily focusing on office spaces in Manhattan. The company also has a limited portfolio of well-located retail spaces.

What is the total square footage of properties managed by SL Green Realty?

As of December 31, 2023, SL Green Realty Corp. manages a total of 32.5 million square feet of office space, with 28.8 million square feet in wholly-owned properties and 2.8 million square feet securing debt and preferred equity investments.

What notable projects has SL Green recently unveiled?

SL Green has recently unveiled Le Jardin sur Madison and La Tête d’Or by Daniel at One Madison Avenue. These spaces feature unique dining and event options, and were designed by renowned architect David Rockwell and famed chef Daniel Boulud.

How does SL Green Realty Corp. contribute to sustainability?

SL Green Realty Corp. has been recognized for its sustainability efforts with several awards, including the 2024 ENERGY STAR Partner of the Year Sustained Excellence Award and being listed on the Sustainalytics 2024 ESG Top-Rated Companies List.

Who are some of SL Green Realty Corp.’s high-profile tenants?

SL Green Realty Corp. leases its office spaces to numerous high-profile tenants across various industries, enhancing its strong market position.

What is SL Green Realty’s financial outlook for 2024?

SL Green Realty Corp. has increased its earnings guidance for 2024, reflecting a positive financial outlook and robust performance.

When is SL Green Realty’s next conference call?

The next conference call for SL Green Realty Corp. is scheduled for April 18, 2024, at 2:00pm ET.

What is SL Green Realty Corp.’s business strategy?

SL Green Realty Corp.’s business strategy focuses on acquiring, managing, and maximizing the value of Manhattan commercial properties through strategic acquisitions, development, and proactive asset management.

What awards has SL Green Realty Corp. won for its environmental initiatives?

SL Green Realty Corp. has received several awards for its environmental initiatives, including the 2024 ENERGY STAR Partner of the Year Sustained Excellence Award and a place on the Sustainalytics 2024 ESG Top-Rated Companies List.

What makes SL Green Realty Corp. a leader in the real estate market?

SL Green Realty Corp.’s leadership in the real estate market is driven by its extensive portfolio of premium properties, strategic growth initiatives, strong financial performance, and commitment to sustainability.

SL Green Realty Corp.

NYSE:SLG

SLG Rankings

SLG Stock Data

5.00B
71.69M
0.08%
84.29%
10.55%
REIT - Office
Real Estate Investment Trusts
Link
United States of America
NEW YORK