STOCK TITAN

SL Green Realty Corp. Announces Common and Preferred Stock Dividends

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

SL Green Realty Corp. (NYSE: SLG) has declared a monthly dividend of $0.3108 per share, payable on July 15, 2022 to shareholders of record as of June 30, 2022. Additionally, a quarterly dividend of $0.40625 per share for the Series I Preferred Stock has also been announced, representing an annualized rate of $1.625. As of March 31, 2022, SL Green has interests in 72 buildings totaling 34.7 million square feet in Manhattan. The company focuses on managing and maximizing the value of commercial properties in the area.

Positive
  • Monthly dividend of $0.3108 per share increases shareholder income.
  • Quarterly dividend of $0.40625 per share demonstrates commitment to returning value to shareholders.
  • Strong portfolio with interests in 72 buildings covering 34.7 million square feet in Manhattan.
Negative
  • None.

NEW YORK, June 14, 2022 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.3108 per share of common stock. The dividend is payable in cash on July 15, 2022 to shareholders of record at the close of business on June 30, 2022.

The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2022 through July 14, 2022 of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend is payable in cash on July 15, 2022 to shareholders of record at the close of business on June 30, 2022.

About SL Green Realty Corp.

SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2022, SL Green held interests in 72 buildings totaling 34.7 million square feet. This included ownership interests in 26.7 million square feet of Manhattan buildings and 7.2 million square feet securing debt and preferred equity investments.

Forward Looking Statement

This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “continue,” or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include the risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

SLG – DIV

PRESS CONTACT
slgreen@berlinrosen.com 


FAQ

When is SL Green Realty's dividend payment date?

The dividend payment date is July 15, 2022.

What is the amount of SL Green Realty's monthly dividend?

The monthly dividend is $0.3108 per share.

What is the annualized dividend for the Series I Preferred Stock?

The annualized dividend for Series I Preferred Stock is $1.625 per share.

How many buildings does SL Green Realty own?

SL Green Realty owns interests in 72 buildings.

What is the total square footage of SL Green Realty's portfolio?

The total square footage of SL Green Realty's portfolio is 34.7 million square feet.

SL Green Realty Corp.

NYSE:SLG

SLG Rankings

SLG Latest News

SLG Stock Data

4.82B
71.69M
0.08%
84.29%
10.55%
REIT - Office
Real Estate Investment Trusts
Link
United States of America
NEW YORK