Sl Green Rlty Stock Price, News & Analysis

SL Green Realty Corp. (NYSE:SLG) announced the sale of 590 Fifth Avenue for $103.0 million, valuing the property at $1,000 per square foot. This sale reflects the strong demand for well-located office and retail properties in New York City. The 19-story building, acquired by SL Green in October 2020, spans 103,000 square feet and features prime retail space. The transaction signifies progress in SL Green's 2021 business strategy, as the company remains on track to meet its annual goals. As of September 30, 2021, SL Green manages 76 buildings totaling 35.3 million square feet.

SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has declared a monthly dividend of $0.3033 per share of common stock. The dividend will be paid in cash on November 15, 2021, to shareholders of record as of October 29, 2021.

As of September 30, 2021, SL Green owned interests in 76 buildings totaling 35.3 million square feet, including 27.2 million square feet in Manhattan buildings. This announcement reflects the company's ongoing commitment to providing returns to its investors.

SL Green Realty Corp. (NYSE: SLG) celebrated the grand opening of SUMMIT One Vanderbilt, an immersive observatory experience in Midtown Manhattan, on October 21, 2021. This 65,000 square-foot destination features thrilling attractions like LEVITATION and ASCENT, which offer stunning views of New York City. The new venue is expected to play a vital role in revitalizing tourism as New York emerges from the COVID-19 pandemic. Tickets are available online, starting at $39 for adults, with special pricing for NYC residents.

SL Green Realty Corp. reported significant financial growth in Q3 2021, with net income attributable to common stockholders of $388.2 million, or $5.75 per share, compared to $13.9 million, or $0.19 per share, in Q3 2020. The results included $186.5 million in net gains from real estate sales. The Funds from Operations (FFO) stood at $1.78 per share, slightly up from $1.75 in the prior year. The company revised its 2021 earnings guidance, increasing the midpoint to $7.21-$7.41 per share. Manhattan office occupancy is at 93.1%, with new leases covering 445,453 square feet signed in Q3.

SL Green Realty Corp. (SLG), Manhattan's largest office landlord, has signed a 55,780 square foot, 20-year lease with Chelsea Piers Fitness for its new office tower at One Madison Avenue. This fitness facility will be the first tenant and will support the building's amenity-rich retail environment. The development, which aims to transform the existing structure into a state-of-the-art office tower, emphasizes health and wellness with features like fresh air circulation and ample natural light. The project is a partnership with Korea's National Pension Service and Hines.

SL Green Realty Corp. (NYSE: SLG) announced a significant leasing milestone, reaching over 91% occupancy at One Vanderbilt Avenue. Global software company UiPath has signed a 15-year lease for 26,363 square feet on the 60th floor. SL Green continues to enhance its portfolio with this prestigious tenant, joining other leading firms in the skyscraper, which offers state-of-the-art amenities and sustainability features. As of June 30, 2021, SL Green owned interests in 77 properties covering 35.3 million square feet in Manhattan.

SL Green Realty Corp. (NYSE: SLG), New York City's top office landlord, has announced its Annual Institutional Investor Conference on December 6, 2021, beginning at 9:30 AM ET. The presentation will be led by key executives, including Marc Holliday, CEO. Attendance is by invitation only, but the presentation will be available through an online audio webcast. As of June 30, 2021, SL Green manages 77 buildings totaling 35.3 million square feet in Manhattan, reinforcing its position in the market.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its third-quarter earnings for 2021 on October 20, 2021, after market close. A conference call will follow on October 21, 2021, at 2:00 pm ET, led by CEO Marc Holliday. Supplemental data will be available on their website in the Investors section. As of June 30, 2021, SL Green manages 77 buildings totaling 35.3 million square feet, primarily focused on maximizing the value of Manhattan commercial properties.