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 Corp. (NYSE:SLG), Manhattan's largest office landlord, announced the sale of the vacant office condominium at 609 Fifth Avenue for $100.5 million. The transaction is expected to close in June 2022, subject to customary conditions. Harrison Sitomer, SL Green's Chief Investment Officer, highlighted that this sale reflects ongoing demand and high valuations for prime Midtown East assets. The property, strategically located in Manhattan's retail district, has undergone significant improvements. As of March 31, 2022, SL Green managed interests in 72 buildings totaling 34.7 million square feet.
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SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, announced that its President Andrew Mathias, CFO Matt DiLiberto, and EVP Steve Durels will present at NAREIT's 2022 REITweek on June 7, 2022, at 11:45 AM ET. The event will be webcast live, available in listen-only mode on the company's Investors' page. As of March 31, 2022, SL Green owned interests in 72 buildings totaling 34.7 million square feet. The company focuses on acquiring and managing Manhattan commercial properties.
SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.3108 per share, payable on June 15, 2022 to shareholders on record by May 31, 2022. As Manhattan's largest office landlord, SL Green manages significant commercial properties, holding interests in 72 buildings totaling 34.7 million square feet, including 26.7 million square feet of Manhattan buildings. The announcement reflects the company's commitment to returning value to shareholders amidst its ongoing investments in New York's commercial real estate market.
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SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, declared a monthly dividend of $0.3108 per share, payable on May 16, 2022, to shareholders of record as of April 29, 2022. The company manages 72 buildings with a total of 34.7 million square feet across Manhattan, focusing on maximizing value in commercial properties. This announcement indicates a commitment to returning value to shareholders.
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.