Sl Green Rlty Stock Price, News & Analysis

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.

SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.295 per share, payable on December 15, 2020 to shareholders on record by November 30, 2020. As Manhattan's largest office landlord, SL Green focuses on maximizing value from its commercial properties. As of September 30, 2020, the company had interests in 93 buildings, totaling 40.6 million square feet, including 29.2 million square feet of Manhattan buildings. The company’s financial results may be impacted by various risks, particularly those related to COVID-19.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has secured a $1.25 billion construction loan for One Madison Avenue, in collaboration with the National Pension Service of Korea and Hines. This loan, facilitated by top banks, will fund a 1.4 million-square-foot state-of-the-art office tower in Midtown South. The project aims to create over 3,000 construction jobs and will include innovative amenities designed for a healthy work environment. SL Green remains committed to enhancing New York City's economy through this significant development.

SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, announced a contract to sell 410 Tenth Avenue for $952.5 million. SL Green holds a 70.9% interest in the venture and will retain a 5% stake during redevelopment. The sale is expected to close in Q4 2020, showcasing the demand for prime assets in Manhattan. This transaction will enhance SL Green's liquidity, reduce debt, and is part of a broader redevelopment project that aims for completion by Q3 2021.

SL Green Realty Corp. (NYSE: SLG) announced its Annual Institutional Investor Conference set for December 7, 2020, starting at 10:00 AM ET. The event, led by key executives Marc Holliday, Andrew Mathias, and Matt DiLiberto, is invitation-only and will adhere to social distancing protocols. An audio webcast will be accessible for online listeners, with presentation materials available on SL Green's investor website. The company, as of September 30, 2020, operated 93 buildings totaling 40.6 million square feet, primarily focusing on Manhattan commercial real estate.

SL Green Realty Corp. (NYSE: SLG) reported a net income of $0.19 per share for Q3 2020, down from $0.40 in Q3 2019. Funds from Operations (FFO) remained stable at $1.75 per share. The company ended the quarter with $1.56 billion in liquidity and achieved a same-store cash NOI increase of 2.1%. SL Green signed 33 office leases totaling 187,469 square feet during the quarter. However, Manhattan same-store office occupancy dropped to 94.2%. The company also announced a new $600 million construction facility for a project anchored by Amazon.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly dividend of $0.295 per share, payable on November 16, 2020, to shareholders of record on October 30, 2020. As of September 30, 2020, SL Green held interests in 93 buildings totaling 40.6 million square feet, with ownership in 29.2 million square feet of Manhattan properties. The company focuses primarily on acquiring, managing, and maximizing the value of commercial properties in the region.