Sl Green Rlty Stock Price, News & Analysis

SL Green Realty Corp. (NYSE: SLG) has launched ticket sales for SUMMIT One Vanderbilt, featuring an innovative immersive experience titled Air, designed by Kenzo Digital. This treasure in Manhattan offers a unique art journey and thrilling experiences like the LEVITATION sky boxes and the ASCENT glass elevator. With ticket prices starting at $39, the observatory promises to be a must-visit destination, allowing visitors to enjoy incredible views and an exceptional culinary experience by Union Square Events. Opening on October 21, this space aims for sustainability with advanced health measures.

SL Green Realty Corp. (NYSE: SLG) announces ticket sales for SUMMIT One Vanderbilt, set to open on October 21. The immersive art experience, Air, designed by Kenzo Digital, offers a unique reflection of nature amidst Manhattan's skyline. Visitors can explore features like LEVITATION, with glass boxes overlooking the city, and the ASCENT elevator rising over 1,200 feet. Safety measures include cutting-edge air filtration systems. Ticket prices start at $39, with special rates for NYC residents.

SL Green Realty Corp. has announced the launch of leasing for 7 Dey Street, a 34-story mixed-use tower in Lower Manhattan designed by FXCollaborative. This development includes 209 rental units and features world-class amenities, including a fitness center and co-working space. Located near the Fulton Transit Center, the building emphasizes modern living with oversized living rooms and stunning views. The property is part of the Affordable New York Housing Program and has utilized air rights purchased from the MTA. As of June 30, 2021, SL Green managed 77 buildings totaling 35.3 million square feet.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, declared a monthly dividend of $0.3033 per share, payable on September 15, 2021 to shareholders of record as of August 31, 2021. As of June 30, 2021, the company managed 77 buildings encompassing 35.3 million square feet, including ownership interests in 27.1 million square feet within Manhattan. SL Green is a fully integrated real estate investment trust focused on maximizing the value of Manhattan commercial properties.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced a monthly dividend of $0.3033 per share, payable on August 16, 2021. Shareholders of record as of July 30, 2021 will receive the dividend in cash. As of June 30, 2021, SL Green owns interests in 77 buildings totaling 35.3 million square feet, including 27.1 million square feet of Manhattan properties and 7.4 million square feet in secured debt and preferred equity investments. This dividend declaration reflects the company's ongoing commitment to returning value to shareholders.

SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, has sold a 49% interest in 220 East 42nd Street for $790.1 million, retaining a 51% stake. This transaction provided SL Green with net cash proceeds of $136.1 million. The building, known for its long-term leases and high occupancy rate of 93%, will continue generating stable cash flow for shareholders. SL Green's portfolio includes 77 buildings totaling 35.3 million square feet, showcasing a firm belief in the New York City market.

SL Green Realty Corp. (NYSE: SLG) reported a net income of $105.3 million, or $1.51 per share, for Q2 2021, up from $56.4 million, or $0.76 per share in Q2 2020. This includes gains of $108.3 million from property sales. Funds from operations (FFO) decreased to $1.60 per share, down from $1.70 per share a year prior. Manhattan office occupancy stood at 93.6%, with a significant leasing activity of 42 office leases. The company repurchased 4 million shares under its $3.5 billion buyback plan and closed several notable property transactions, reaffirming its market position.

SL Green Realty Corp has successfully closed a $3.0 billion 10-year fixed-rate financing for One Vanderbilt Avenue, marking the largest non-portfolio, single asset, single borrower CMBS securitization in history. This financing features a coupon rate of 2.855%, replacing a previous $1.75 billion construction loan. Currently, One Vanderbilt is 89% leased, housing prominent firms across finance, law, and real estate. This financing showcases the building's appeal and SL Green's strategic partnerships with leading financial institutions.

SL Green Realty Corp. (NYSE: SLG) will announce its Q2 2021 earnings on July 21, 2021, after market close. A conference call led by CEO Marc Holliday is scheduled for July 22, 2021, at 2:00 PM ET to discuss the results. Investors can find supplemental information on the company’s website. SL Green, Manhattan's largest office landlord, operates as a real estate investment trust, managing significant commercial properties in New York City, with 84 buildings totaling 37.8 million square feet as of March 31, 2021.