SL Green Realty Corp. reports developments tied to its role as a Manhattan-focused office real estate investment trust and landlord. News commonly covers office leasing activity across major New York properties, asset management assignments through Green Property Services, development and adaptive reuse projects such as One Madison Avenue, and portfolio exposure to office and select retail real estate.
Company updates also include dividend actions, credit facility refinancing, debt fund and capital-platform activity, operating and financial results, and governance or leadership changes. These announcements reflect SL Green’s recurring focus on leasing, financing, portfolio management, and shareholder distributions within the Manhattan commercial real estate market.
SL Green Realty (SLG) and its Mori Trust affiliate partner closed a $2 billion refinancing of 245 Park Avenue on October 14.
The fully leased Class A office tower in Midtown Manhattan is nearing completion of redevelopment. Greenberg Traurig represented SL Green and its partner, a U.S. affiliate of Mori Trust, in the transaction.
SL Green Realty (NYSE: SLG) reported third-quarter 2026 diluted earnings of $1.01 per share and raised its full-year earnings guidance. Quarterly net income attributable to common stockholders rose to $72.2 million from $24.9 million a year earlier. Funds from operations, a non-GAAP earnings measure, increased to $1.59 per share from $1.58.
The company raised 2026 FFO guidance to $6.50-$6.70 per share from $5.60-$5.90, reflecting hospitality-interest sale income partly offset by higher interest rates. Net income guidance increased to $0.40-$0.60 per share from $0.20-$0.50. Manhattan same-store cash net operating income rose 5.0%, excluding lease termination income. Occupancy reached 95.0%, including signed leases not yet commenced. Nine-month FFO fell to $3.85 per share from $4.60. SL Green also contracted to sell 110 Greene Street for $226.0 million and, with its partner, completed a $2.0 billion refinancing of 245 Park Avenue in October.
SL Green Realty (NYSE: SLG) marks SUMMIT One Vanderbilt’s fifth anniversary on October 21, 2026, after surpassing 10 million visitors.
The New York attraction welcomed its 10 millionth guest on October 14, 2026, following its opening on October 21, 2021. International expansion is underway through SUMMIT Entertainment Ventures, the joint venture between SL Green and Kenzo Digital. SUMMIT Paris, planned for the top floors of the Triangle Building, is anticipated to open in summer 2027 as the first location outside New York City. The venture also announced an agreement earlier this year to bring SUMMIT to Tokyo, its second announced international location.
SL Green Realty (NYSE: SLG) and its partner, a U.S. affiliate of Mori Trust, refinanced 245 Park Avenue for $2.0 billion. The five-year financing carries a fixed interest rate of 6.52%, priced 147 basis points above the U.S. Treasury index. SL Green hedged its share to an effective rate of 6.37%. The new loan replaces $1.768 billion of mortgage and mezzanine financing.
The 1.8 million-square-foot office tower is 100% leased. SL Green said the transaction brings its $7.0 billion 2026 financing plan near completion, generates incremental liquidity and extends debt maturities. Redevelopment of the property is expected to be completed in the first quarter of 2027.
SL Green Realty (SLG) declared a quarterly ordinary dividend of $0.6175 per share on its common stock, equivalent to an annualized $2.47 per share. The board also declared a quarterly dividend on the Series I Preferred Stock of $0.40625 per share, or $1.625 annualized. Both dividends will be paid in cash on October 15, 2026 to shareholders of record as of the close of business on September 30, 2026.
SL Green (SLG) reports that in 2026 it has signed 129 Manhattan office leases totaling 1,760,649 square feet, with average rents on these spaces 15.8% above the previous fully escalated rents.
The company’s current office leasing pipeline exceeds 1.0 million square feet. Recent activity includes a 5-year renewal by IMG Worldwide for 90,202 square feet at 304 Park Avenue South, and a new 8-year lease by Nearwater Management for 37,563 square feet at 245 Park Avenue, bringing that building to 100% leased. Greenberg Traurig expanded its space at One Vanderbilt Avenue to a total of 133,365 square feet, with that building also remaining 100% leased. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet.
SL Green (SLG) agreed to sell its 110 Greene Street office property in SoHo to Natora Group for $226 million, with closing expected in the fourth quarter subject to customary conditions.
The sale is expected to generate approximately $216 million of net cash proceeds, which will be used to repay unsecured corporate debt. 110 Greene Street is a 13-story, 223,000-square-foot Class A office building that is fully leased at what the company describes as market-leading rents.
SL Green Realty (NYSE: SLG) will release its third quarter 2026 financial results on Wednesday, October 21, 2026, after market close. The executive management team, led by Chairman and CEO Marc Holliday, will discuss the results on a conference call and audio webcast on Thursday, October 22, 2026 at 2:00pm ET.
Supplemental financial data will be available under “Financial Reports” in the Investors section of the SL Green website. The live call will be webcast in listen-only mode, with a replay posted under “Presentations & Webcasts”. Research analysts must register online to participate in the call.
SL Green Realty (NYSE: SLG)/b) announced that President and CIO Harrison Sitomer, CFO Matt DiLiberto, and EVP Steven Durels will join a roundtable at the on September 15, 2026 at 12:45 p.m. ET. The session will be webcast live and via replay through the Investors section of SL Green’s website under “Presentations & Webcasts”. The company is a Manhattan-focused office REIT holding interests in 54 buildings totaling 30.6 million square feet as of June 30, 2026.
SL Green Realty (NYSE: SLG) completed the $312.2 million sale of 10 East 53rd Street, a 37-story, 390,000-square-foot office tower in Midtown East, Manhattan. The property, situated between Fifth and Madison Avenues, was disclosed as 92% leased at the time of the transaction.