Sl Green Rlty Stock Price, News & Analysis

SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.2708 per share, payable on March 15, 2023, to shareholders on record as of February 28, 2023. As Manhattan’s largest office landlord, SL Green focuses on acquiring and managing commercial properties. By the end of 2022, the company held interests in 61 buildings totaling 33.1 million square feet, including 28.9 million square feet of Manhattan properties.

This dividend announcement reflects the company's ongoing commitment to providing value to its shareholders.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, is set to hold its 2023 Annual Meeting of Stockholders on June 5, 2023. The company established March 31, 2023, as the record date for stockholders entitled to vote. The meeting will occur in-person at One Vanderbilt Avenue, starting at 10:00am ET. SL Green is a fully integrated real estate investment trust focused on acquiring and managing Manhattan commercial properties. As of December 31, 2022, the company owned interests in 61 buildings, totaling 33.1 million square feet, comprising 28.9 million square feet of Manhattan buildings and 3.4 million square feet supporting debt and preferred equity investments.

SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, announced the signing of leases totaling 343,186 square feet during early 2023. Notable leases include a 15-year agreement with 777 Partners for 18,476 square feet at One Madison Avenue and an 11-year expansion by TD Securities covering 25,171 square feet at 125 Park Avenue. CBS Broadcasting renewed a lease for 186,882 square feet at 555 West 57th Street, and the Greater New York Hospital Association signed a 10-year renewal covering 58,017 square feet. These developments highlight SL Green's strong leasing momentum and growing corporate demand for office space.

SL Green Realty Corp. (NYSE: SLG) reported a net loss attributable to common stockholders of $64.3 million, or $1.01 per share, for Q4 2022, a decline from a net loss of $51.3 million, or $0.82 per share, in Q4 2021. The full year net loss stood at $93.0 million, or $1.49 per share, compared to net income of $434.8 million, or $6.50 per share, in 2021. FFO was $100.0 million, or $1.46 per share, down from $108.3 million, or $1.52 per share, in the previous year. Same-store cash NOI increased by 3.3% for Q4 2022. The company signed 33 office leases in Manhattan during the fourth quarter, averaging $69.67 per square foot. Plans to sell retail condominiums for $14.0 million are underway, with a closing expected in Q1 2023.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.2708 per share, payable on February 15, 2023, to shareholders of record by January 31, 2023. This reflects the company’s commitment to providing returns to its shareholders. As of September 30, 2022, SL Green managed interests in 62 buildings, totaling 33.6 million square feet, with substantial ownership in Manhattan properties. The company operates as a fully integrated real estate investment trust (REIT), focusing on acquiring and managing commercial properties in Manhattan.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its fourth-quarter 2022 earnings on January 25, 2023, after market close. An earnings call, led by CEO Marc Holliday, is scheduled for January 26, 2023, at 2:00 pm ET. The call will include a discussion on financial results and supplemental data will be available on SL Green's website. As of September 30, 2022, SL Green managed 62 buildings totaling 33.6 million square feet, highlighting its extensive portfolio in Manhattan commercial properties.

SL Green Realty Corp. (NYSE: SLG) has reduced its annual ordinary dividend by 12.9%, now set at $3.25 per share. This change reflects the company's strategic initiative to maintain liquidity and repay debt in a challenging economic environment. The first monthly dividend of $0.2708 will be paid on January 17, 2023, to shareholders as of the Record Date on December 30, 2022. Despite the reduction, SL Green aims to provide an 8.0% yield based on current share prices, with projected liquidity increasing to nearly $1.6 billion while reducing debt by $2.4 billion during 2023.

SL Green Realty Corp. announced a collaboration with Chef Daniel Boulud to launch two new dining concepts at One Madison Avenue in Midtown South. This includes a European petit marché and an upscale steakhouse, occupying 16,000 square feet on the ground floor. Tenants will also gain access to a 7,000 square-foot lounge and an 11,000 square-foot rooftop event space. The project aims to enhance the workplace experience with high-end amenities, catering to modern tenant demands.