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), Manhattan's largest office landlord, has announced a significant 924,876 square foot renewal and expansion lease with Bloomberg, L.P. at 919 Third Avenue. The transaction includes a 749,035-square-foot, 11-year lease extension starting March 1, 2029, and an expansion of 175,841 square feet with a new 15-year lease.
This lease contributes to SL Green's strong leasing momentum in 2024, with 150 Manhattan office leases totaling 2,795,746 square feet signed to date. The company expects to sign more than 3.3 million square feet of Manhattan office leases in 2024 and increase Manhattan same-store office occupancy to 92.5% by December 31, 2024.
919 Third Avenue is a 1.5 million-square-foot, 47-story office tower that recently underwent extensive renovations. The deal was brokered by CBRE teams representing both Bloomberg and SL Green.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has announced its latest dividend declarations. The company's board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, equivalent to an annualized dividend of $3.00 per share. This dividend will be paid in cash on October 15, 2024, to shareholders of record as of September 30, 2024.
Additionally, the board declared a quarterly dividend on the Series I Preferred Stock of $0.40625 per share, equivalent to an annualized dividend of $1.625 per share. This preferred stock dividend covers the period from July 15, 2024, through October 14, 2024, and will also be paid on October 15, 2024, to shareholders of record as of September 30, 2024.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has announced the release of its third quarter 2024 financial results on October 16, 2024 after market close. The company will host a conference call and audio webcast on October 17, 2024 at 2:00pm ET to discuss the results. The executive management team, led by Marc Holliday, Chairman and CEO, will present the financial data.
Supplemental data will be available on the company's website simultaneously with the earnings release. The live conference call will be webcast in listen-only mode, with a replay available later. Research analysts wishing to participate must register in advance through a provided link.
SL Green Realty Corp (NYSE: SLG), New York City's largest office landlord, has announced its participation in the BofA Securities 2024 Global Real Estate Conference on September 11, 2024. Key executives, including Matt DiLiberto (CFO), Harrison Sitomer (CIO), and Steven Durels (EVP and Director of Leasing and Real Property), will engage in a roundtable discussion at 1:30 PM ET.
The event will be accessible via a live audio-webcast in listen-only mode. Presentation materials will be available before the webcast in the Investors' section of SL Green's website. A replay of the audio-webcast will also be provided. This participation underscores SL Green's commitment to investor relations and market presence in the real estate sector.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly ordinary dividend of $0.25 per share of common stock. This is equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on September 16, 2024 to shareholders of record as of the close of business on August 30, 2024. This announcement demonstrates SL Green's commitment to providing regular returns to its shareholders, which could be seen as a positive sign for investors interested in income-generating real estate investments.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has successfully modified and extended the mortgage on 220 East 42nd Street in partnership with its joint venture partner. The modification includes:
1. A $9.0 million paydown of the principal balance to $496.4 million
2. Extension of the maturity date by over three years, from July 2024 to December 2027
3. Maintenance of the interest rate at 2.75% over term SOFR, fixed at 6.77% through maturity
The 37-story art-deco skyscraper, also known as The Daily News Building, is currently 91% occupied with notable tenants including Visiting Nurse Services, Omnicom Group, United Nations Development Program, and WPIX.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly ordinary dividend of $0.25 per share of common stock. This is equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on August 15, 2024 to shareholders of record as of the close of business on July 31, 2024. This announcement demonstrates SL Green's commitment to providing regular returns to its shareholders, maintaining its position as a significant player in the Manhattan real estate market.
SL Green Realty Corp. (NYSE: SLG) reported Q2 2024 results with EPS of ($0.04) and FFO of $2.05 per share. The company increased its 2024 FFO guidance to $7.45-$7.75 per share, reflecting portfolio outperformance and fee generation. Key highlights include:
- Signed 38 Manhattan office leases covering 420,513 sq ft in Q2
- Mark-to-market on signed leases was 15.5% higher in Q2
- Manhattan same-store office occupancy increased to 89.6%
- Contracted sale of Giorgio Armani Residences for $168.2 million
- Closed on sale of 625 Madison Avenue for $634.6 million
- Modified and extended $1.075 billion mortgage on 280 Park Avenue
The company continues to grow its special servicing and asset management business, with $3.0 billion of active assignments.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has announced the closure of three property sales totaling $691.4 million. The transactions include:
1. 625 Madison Avenue: Sold for $634.6 million, with SLG originating a $235.5 million preferred equity investment.
2. 719 Seventh Avenue in Times Square: Sold for $30.5 million.
3. Palisades Premier Conference Center: Sold for $26.3 million.
These sales generated net proceeds of $222.7 million, which the company used for corporate debt repayment. Brett Herschenfeld, Executive VP of Retail & Opportunistic Investments, stated that these strategic transactions demonstrate progress towards SLG's 2024 business goals amidst an improving market backdrop.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has announced 66,014 square feet of new retail leases since Q1 2024, achieving full retail occupancy at One Madison Avenue. The development features high-profile tenants including La Tête d'Or by Daniel Boulud, Delicious Hospitality Group, Los Tacos No. 1, Sweetgreen, Alidoro, and Jōji Box. These join the existing anchor tenant, Chelsea Piers, set to open in August 2024.
Additional notable leases include Brasserie Cognac at 461 Fifth Avenue and Chase Bank's renewal at 810 Seventh Avenue. The strong leasing activity reflects the demand for quality retail space in New York City, driven by increased foot traffic and tourism.
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