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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.

News

SL Green Realty Corp. Announces Date of 2024 Annual Meeting of Stockholders

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SL Green Realty Corp. announces its 2024 Annual Meeting of Stockholders to be held on June 3, 2024, with the record date set for March 28, 2024. The meeting will take place in-person at One Vanderbilt Avenue, New York, New York.
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SL Green Realty Corp. Reports Fourth Quarter 2023 EPS of ($2.45) per Share; and FFO of $0.72 per Share After Non-Recurring Charges

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SL Green Realty Corp. reported a net loss for the quarter ended December 31, 2023, but is increasing its 2024 earnings guidance. The company's FFO and NOI increased for the fourth quarter and full year of 2023. Significant leasing and investment activities were also reported.
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SL Green Realty Corp. Announces Common Stock Dividend

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SL Green Realty Corp. (SLG) has declared a monthly ordinary dividend of $0.25 per share of common stock, resulting in an annualized dividend of $3.00 per share. The dividend will be paid in cash on February 15, 2024, to shareholders of record as of January 31, 2024.
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SL Green Realty Corp. to Release Fourth Quarter 2023 Financial Results After Market Close on January 24, 2024

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SL Green Realty Corp. (NYSE: SLG) will release its earnings for the fourth quarter of 2023 on January 24, 2024, after market close. The executive management team will host a conference call and webcast on January 25, 2024, to discuss the financial results. Supplemental data will be available on the company's website. Research analysts can register to participate in the conference call.
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SL Green Announces Sale of 625 Madison Avenue

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SL Green Realty Corp. (NYSE:SLG) has entered into a contract to sell the fee ownership interest in 625 Madison Avenue for $632.5 million, reaffirming the strong demand for Class-A office properties in prime Manhattan locations. The company will also originate a $234.5 million preferred equity investment in the property, using the net proceeds for the repayment of corporate debt.
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SL Green and Vornado Announce 270,000-Square-Foot Lease with a Premier Financial Services Tenant at 280 Park Avenue

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SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) have signed a 15-year renewal and expansion lease with a premier financial services tenant covering 269,905 square feet on six floors at 280 Park Avenue. This lease reaffirms the strength of the Park Avenue submarket and demonstrates the commitment to delivering a premium experience for tenants. The property has undergone a $150 million full property redevelopment and modernization, including the creation of an expansive world-class lobby, modernized amenities, environmental sustainability enhancements, and building-wide infrastructure upgrades.
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SL Green Signs 77,000 Square Foot Lease with Stonepeak Partners at 245 Park Avenue

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SL Green Realty Corp. (NYSE: SLG) announces a new 76,716 square foot, 15-year lease with Stonepeak Partners, L.P. at 245 Park Avenue. In 2023, SL Green has signed leases totaling 199,872 square feet in the building. The building is undergoing a transformative redevelopment, including a jewel-like terra cotta overclad of the Park Avenue façade, new windows, new lobby and elevator cabs, a spectacular plaza, a 17,000 square foot wellness center, new dining options, and a rooftop restaurant with a beautifully landscaped roof patio.
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SL Green Realty Corp. Announces Annual Ordinary Dividend of $3.00 Per Share

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SL Green Realty Corp. (NYSE: SLG) announces an annual ordinary dividend of $3.00 per share on its common stock, equating to a 7.5% yield on the current share price. The first monthly dividend of $0.25 per share is payable on January 16, 2024. The company also declared a regular quarterly dividend on its Series I Preferred Stock for the period October 15, 2023 through January 14, 2024 of $0.40625 per share, payable on January 16, 2024.
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SL Green Realty Corp. Announces Common Stock Dividend

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SL Green Realty Corp. (NYSE:SLG) Announces Monthly Dividend of $0.2708 per Share
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SL Green Announces Appointment of Garrett Armwood as Vice President of Government Affairs

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SL Green Realty Corp. appoints Garrett Armwood as Vice President of Government Affairs to support New York City's recovery and growth. Armwood brings experience and connections to advocate for initiatives such as affordable housing programs and the reimagination of business districts. SL Green aims to play a leadership role in advancing the city's recovery and addressing the housing crisis.
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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.

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SL Green Realty Corp.

NYSE:SLG

SLG Rankings

#1277 Ranked by Market Cap
#660 Ranked by Dividends

SLG Stock Data

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