Welcome to our dedicated page for Sl Green Rlty news (Ticker: SLG), a resource for investors and traders seeking the latest updates and insights on Sl Green Rlty stock.
SL Green Realty Corp. (NYSE: SLG) maintains Manhattan's largest portfolio of premier office properties, serving as a bellwether for New York City's commercial real estate market. This page aggregates official press releases, financial disclosures, and strategic updates from the REIT, providing stakeholders with a comprehensive view of its operational milestones.
Investors and analysts will find curated updates on leasing activity, property acquisitions, and capital recycling initiatives across SLG's 17 million square foot portfolio. The resource prioritizes material developments including earnings announcements, joint venture formations, and sustainability initiatives impacting the company's Class A office assets.
Content is organized to highlight SL Green's core competencies in high-barrier-to-market asset management and value-add repositioning strategies. Users can efficiently track updates across key operational areas while maintaining perspective on the company's market leadership in Midtown Manhattan's office sector.
Bookmark this page for direct access to SL Green's verified corporate communications. Combine this resource with SEC filings and earnings call transcripts for complete due diligence on New York's preeminent office REIT.
SL Green Realty Corp. (NYSE: SLG) announced plans for Summit One Vanderbilt, a new immersive observatory and experience located atop the 1,401-foot One Vanderbilt tower in Manhattan. Opening on October 21, this 65,000-square-foot space features interactive elements, stunning views, and unique culinary offerings by Danny Meyer’s Union Square Events. The project is part of a $3.3 billion development and aims to redefine visitor experiences in New York City. With sustainable features and cutting-edge technology, it anticipates attracting both locals and tourists as the city rebounds from the pandemic.
SL Green Realty Corp. (NYSE: SLG) announced three new leases at One Vanderbilt Avenue, adding to the building's leasing momentum. MSD Partners, Mamoura Holdings, and Nearwater Management signed leases covering 35,567 sq. ft., 28,448 sq. ft., and 17,289 sq. ft. respectively. Now 79% leased, One Vanderbilt is a key player in Manhattan's office market with its prime location and amenities. The building has signed 11 new leases since the pandemic began, reflecting strong demand for modern office spaces in New York City.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, declared a monthly dividend of $0.3033 per share, payable on May 17, 2021. Shareholders of record by April 30, 2021 will receive the dividend in cash. As of March 31, 2021, the company held interests in 84 buildings totaling 37.8 million square feet, focusing on maximizing value in Manhattan commercial properties.
SL Green Realty Corp. reported a net loss of $(7.5) million, or $(0.11) per share, for Q1 2021, compared to a net income of $114.8 million, or $1.51 per share, in Q1 2020. Funds from operations (FFO) decreased to $128.3 million, or $1.73 per share, down from $172.0 million, or $2.08 per share, year-over-year. The company signed 21 office leases for a total of 352,752 sq. ft. in Manhattan, with occupancy at 94.2%. Significant asset sales are underway, including a 20% interest in 605 West 42nd Street, valued at $858.1 million.
SL Green Realty Corp. (NYSE:SLG) has contracted to sell its 20% interest in 605 West 42nd Street, valued at $858.1 million, and its interest in 400 East 57th Street for $133.5 million. The sales are expected to close in Q2 and Q3 of 2021, respectively. The Sky property is 90% occupied and includes affordable housing units, while 400 East 57th Street is 70% occupied. The transactions are projected to generate net cash proceeds of approximately $53 million and $18 million, respectively, as SL Green continues its strategy to divest non-core assets and reinvest in growth opportunities.
SL Green Realty Corp. (NYSE: SLG) has signed a 15-year lease with British jeweler Vashi for an 11,777 square foot retail space at 110 Greene Street in SoHo, marking Vashi's first U.S. location. This lease represents one of SL Green's most significant retail signings in 2021, indicating a positive outlook on New York City's recovery post-pandemic. The space offers high visibility on prominent retail streets and contributes to SL Green's extensive portfolio, which includes interests in 84 buildings totaling 37.8 million square feet as of March 31, 2021.
SL Green Realty Corp. (NYSE:SLG) has achieved the WELL Health-Safety Rating for its entire 23 million square foot core portfolio, including One Vanderbilt Avenue, following its recent headquarters relocation. This evidence-based rating from the International WELL Building Institute validates SL Green’s operational response to COVID-19, enhancing health standards and tenant confidence. The initiatives include improved cleaning, air quality management, and stakeholder engagement, forming part of SL Green Forward, their comprehensive COVID-19 strategy to ensure safety for tenants and visitors.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has rescheduled its 2021 Annual Meeting of Stockholders from May 27 to June 8, 2021. The meeting will occur virtually at 12:00 p.m. Eastern time, with stockholders able to participate online only. The record date for voting eligibility is March 31, 2021. The company manages a portfolio of 88 buildings totaling 38.2 million square feet, focusing on maximizing the value of Manhattan commercial properties. Further details will be included in the upcoming proxy materials.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q1 2021 earnings on April 21, 2021, after market close. A conference call is scheduled for April 22, 2021, at 2:00 PM ET, hosted by CEO Marc Holliday. Participants can access the call via a toll-free number or by webcast through the company's website. As of December 31, 2020, SL Green owned interests in 88 buildings totaling 38.2 million square feet of real estate in Manhattan.
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