Sl Green Rlty Stock Price, News & Analysis

SL Green Realty Corp. reported a net income of $0.11 per share for Q1 2022, a turnaround from a net loss of $0.12 per share in Q1 2021. Funds from operations (FFO) were $1.65 per share, down from $1.73 per share year-over-year. The company signed 37 Manhattan office leases, totaling 820,989 square feet, though the mark-to-market on these leases was 15.1% lower than previous rents. Same-store cash net operating income rose 9.3%. SL Green repurchased 2.2 million shares, part of a $3.5 billion share repurchase program. Occupancy in Manhattan was 92.7% as of March 31, 2022.

SL Green Realty Corp. (NYSE: SLG) announced its acquisition of 450 Park Avenue for $445 million from Oxford Properties. The purchase, which is anticipated to close in the second quarter, marks SL Green's first office acquisition since 2018. This 33-story Class A tower occupies a prime location at 57th Street and Park Avenue, offering 337,000 square feet of luxury office and retail space. The acquisition is seen as a strategic move to enhance SL Green’s portfolio amid increasing demand for high-quality office spaces.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q1 2022 earnings on April 20, 2022, after market close. A conference call will be held on April 21, 2022, at 2:00 pm ET to discuss the results. The company owns interests in 73 buildings totaling 34.9 million square feet as of December 31, 2021. Alongside the earnings release, supplemental data will be available on the company's website. Forward-looking statements in the release caution against reliance due to potential risks, including those associated with the ongoing COVID-19 pandemic.

SL Green Realty Corp. (NYSE:SLG) announced a monthly ordinary dividend of $0.3108 per share, payable on April 18, 2022, to shareholders of record by March 31, 2022. Additionally, a quarterly dividend of $0.40625 per share for the Series I Preferred Stock was declared, equivalent to an annualized $1.625 per share, also payable on April 18, 2022. As of December 31, 2021, SL Green managed interests in 73 buildings totaling 34.9 million square feet, reaffirming its position as Manhattan's largest office landlord.

SL Green Realty Corp. has secured a significant 16-year lease with IBM for 328,000 square feet at One Madison Avenue, a new office tower set to complete in November 2023. This landmark deal emphasizes the growing appeal of prime Manhattan office spaces, reflecting confidence in a collaborative work environment. The tower will offer modern amenities, including extensive outdoor spaces and health-focused features. This comes on the heels of another lease with Chelsea Piers Fitness, highlighting SL Green's strong leasing momentum in a competitive market.

SL Green Realty Corp. (NYSE:SLG) has appointed Carol Brown as an Independent Director on its Board, enhancing its leadership team. Brown, a seasoned real estate law professor at the University of Richmond, brings extensive legal and real estate transaction experience. CEO Marc Holliday expressed confidence that her expertise will strengthen SL Green's position in Manhattan's property market and support their ESG commitments. SL Green, as of December 31, 2021, manages 73 buildings totaling 34.9 million square feet, underscoring its stature as Manhattan's largest office landlord.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced the signing of 26 leases totaling 452,433 square feet in the first two months of 2022. Notable agreements include a 10-year headquarters lease of 236,026 square feet by a global information services company at 100 Park Avenue and a renewal of 85,522 square feet by UN Women at 220 East 42nd Street. The leasing momentum is attributed to strong tenant demand for well-amenitized buildings, with occupancy at One Vanderbilt Avenue reaching 96.4%.

SL Green Realty Corp. (NYSE: SLG), the largest office landlord in New York City, announced participation in the 2022 Citi Global Property CEO Conference. The discussion, featuring CEO Marc Holliday and CFO Matt DiLiberto, will take place on March 7, 2022, at 9:00 AM EST and will be available via a live audio-webcast on SL Green's website. The webcast replay will remain accessible until June 1, 2022. As of December 31, 2021, SL Green manages 73 buildings totaling 34.9 million square feet, focusing on maximizing the value of Manhattan commercial properties.

SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has announced a monthly dividend of $0.3108 per share, payable on March 15, 2022. Shareholders must be on record by February 28, 2022 to receive this payment. As of December 31, 2021, SL Green owned interests in 73 buildings totaling 34.9 million square feet, cementing its position in the Manhattan commercial real estate market.