Sl Green Rlty Stock Price, News & Analysis

SL Green Realty Corp. (NYSE: SLG) announced three new leases totaling 224,408 square feet at 245 Park Avenue on behalf of HNA Group North America. Ares Management signed a five-year lease for 38,564 square feet, while The Norinchukin Bank renewed its lease for 37,611 square feet. Houlihan Lokey signed a ten-year lease covering 148,233 square feet. Steven Durels emphasized the building's desirability and convenience as a corporate location. The 1.78 million-square-foot tower is a prominent feature of Park Avenue, with direct access to Grand Central Terminal.

SL Green Realty Corp. (NYSE: SLG) reported a strong Q4 2020 with net income of $242 million, or $3.43 per share, up from $17 million the previous year. Annual net income also increased to $427 million, or $5.85 per share. Funds from operations (FFO) for Q4 were $119.2 million, or $1.56 per share, impacted by $8.3 million in losses from certain investments. The company announced a $500 million increase to its share repurchase program, totaling $3.5 billion, and raised its annual dividend by 2.8% to $3.64 per share.

Additionally, SL Green signed 27 Manhattan office leases totaling 463,927 square feet.

SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, announced two new leases at One Vanderbilt Avenue, increasing leased occupancy to 73%. Walker & Dunlop signed a 16,614-square-foot, seven-year lease, while a financial services firm took a 26,770-square-foot, 15-year lease for the entire 55th floor. The tower boasts award-winning architecture, advanced technology, and top-tier amenities, confirming strong tenant demand amid leasing growth during the pandemic. This reinforces One Vanderbilt’s status as a leading office space for top companies.

SL Green Realty Corp. (NYSE: SLG) announced a significant 15-year lease with Beam Suntory for 99,556 square feet at 11 Madison Avenue, achieving 100% occupancy for the building. This location will serve as Beam Suntory’s global headquarters, enhancing its presence in New York—a key market for its premium spirits strategy. The deal highlights the attractiveness of 11 Madison Avenue, known for its architecture and prime location. SL Green, a major player in Manhattan’s commercial real estate, continues to manage a substantial portfolio, with interests in 93 buildings totaling 40.6 million square feet.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.3033 per share, payable on February 16, 2021, to shareholders of record as of January 29, 2021. As of September 30, 2020, SL Green owned interests in 93 buildings totaling 40.6 million square feet, with significant holdings in Manhattan's commercial properties. The press release also includes forward-looking statements about potential risks, particularly related to the ongoing challenges posed by COVID-19.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its earnings for Q4 2020 on January 27, 2021, after market close. CEO Marc Holliday will host a conference call on January 28, 2021, at 2:00 PM ET to discuss financial results. Investors can access supplemental data on SL Green's website. As of September 30, 2020, SL Green owned interests in 93 buildings totaling 40.6 million square feet, including 29.2 million square feet in Manhattan. The company warns that forward-looking statements may be subject to various risks, including those from COVID-19.

SL Green Realty Corp. has signed 393,056 square feet of office leases in Manhattan during Q4 2020, pushing the year-to-date total to 1,176,681 square feet. By year-end, total leasing volume is expected to surpass 1.2 million square feet. Key leases include a 5-year renewal by Travelers Indemnity Company for 133,479 square feet and a 12-year lease by Heidrick & Struggles for 36,031 square feet at One Vanderbilt. SL Green highlights an increase in leasing activity, attributing it to its upgraded properties designed for a healthier work environment amid COVID-19.

SL Green Realty Corp. (NYSE: SLG) has authorized a $500 million increase to its share repurchase program, raising the total to $3.5 billion. The CEO, Marc Holliday, stated that this strategic investment aims to provide shareholders with the highest return on investment due to the stock's current undervaluation compared to its financial worth. As of September 30, 2020, SL Green owns interests in 93 buildings totaling 40.6 million square feet in Manhattan.

SL Green Realty Corp. (NYSE: SLG) has announced a 2.8% increase in its annual ordinary dividend to $3.64 per share, payable monthly. The next dividend, $0.3033, will be paid on January 15, 2021. A special dividend of $1.6967 per share will also be issued due to asset dispositions in 2020, bringing the total to $2.00 per share. Shareholders can choose to receive this in cash or stock. Additionally, a reverse stock split will take place on January 20, 2021.