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) is a fully integrated REIT that describes itself as Manhattan’s largest office landlord, with a portfolio focused on commercial properties in New York City. The news flow around SL Green often centers on Manhattan office leasing, acquisitions and dispositions of major towers, and financing transactions tied to its properties and credit investments.
On this page, readers can follow company announcements about transactions such as the acquisition of Park Avenue Tower, joint venture arrangements at 100 Park Avenue, and consolidation of ownership at 800 Third Avenue. SL Green also reports on contracts to purchase development sites like 346 Madison Avenue and adjacent parcels, highlighting its ongoing activity in Midtown Manhattan and along Park Avenue.
Regular updates include leasing milestones across the Manhattan office portfolio, with details on new leases, expansions and renewals for tenants in sectors such as financial services, professional services and technology. The company also issues press releases on office leasing volume, same-store occupancy targets and notable tenant commitments at buildings including One Madison Avenue, 11 Madison Avenue, 245 Park Avenue, 280 Park Avenue, 1185 Avenue of the Americas and others.
Investors can also see capital markets and corporate news, including refinancings of large office assets, the launch and deployment of the SLG Opportunistic Debt Fund, and changes to dividend policies for common and preferred stock. Earnings release dates, conference call information and institutional investor conference details are regularly announced, giving context to SL Green’s financial performance and strategy. For anyone tracking SLG, this news feed provides a centralized view of the company’s property-level activity, leasing trends and financing decisions in Manhattan commercial real estate.
SL Green Realty Corp. (NYSE: SLG) reported Q1 2025 financial results with a net loss of $0.30 per share, compared to net income of $0.20 per share in Q1 2024. Funds from Operations (FFO) reached $1.40 per share, including $0.04 per share in negative non-cash fair value adjustments.
Key operational highlights include:
- 45 Manhattan office leases signed covering 602,105 square feet
- Same-store cash NOI increased 2.4% year-over-year
- Manhattan same-store office occupancy at 91.8%
- Average lease rent of $83.75 per square foot with 9.8-year average term
Notable transactions include the $130M acquisition of 500 Park Avenue, sale of 85 Fifth Avenue for $47M, and closing of six Giorgio Armani Residences sales generating $93.3M in net proceeds. The company maintains an active leasing pipeline of over 1.1 million square feet and expects to increase Manhattan office occupancy to 93.2% by year-end 2025.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has declared its latest dividend distributions. The company announced a monthly ordinary dividend of $0.2575 per share of common stock, equivalent to an annualized dividend of $3.09 per share, payable on April 15, 2025, to shareholders of record as of March 31, 2025.
Additionally, the board declared a quarterly dividend on the Series I Preferred Stock of $0.40625 per share (annualized at $1.625 per share) for the period January 15, 2025, through April 14, 2025, with the same payment and record dates as the common stock dividend.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has appointed Peggy Lamb as an Independent Director to its Board of Directors. Lamb brings over thirty years of real estate industry experience and currently serves as Managing Director of Halstatt, and principal in Halstatt Real Estate Partners private equity real estate funds.
In her current role, Lamb oversees real estate transaction origination, underwriting, structuring, and management. Her background includes fifteen years at Goldman Sachs in investment banking. She also serves on the boards of Starwood REIT and Starwood Credit, participating in their audit and compensation committees.
Lamb holds an M.B.A. from Harvard Business School and a B.S. from the University of Illinois, and serves on real estate advisory boards at the University of Florida Bergstrom Real Estate Center and Florida Gulf Coast University Real Estate Center.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has scheduled the release of its first quarter 2025 financial results for Wednesday, April 16, 2025, after market close.
The company will host a conference call and audio webcast on Thursday, April 17, 2025, at 2:00pm ET, led by Chairman and CEO Marc Holliday, to discuss the quarterly results. Supplemental data will be made available in the Investors section of the SL Green website simultaneously with the earnings release.
The conference call will be available in listen-only mode through a live webcast, with a replay accessible in the Investors section of the company website. Research analysts wanting to participate must pre-register through the provided registration link.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has secured a significant lease agreement at 125 Park Avenue. The company announced a fifteen-year, 144,418 square foot renewal and expansion lease with Newmark & Company Real Estate, bringing Newmark's total footprint to 184,239 square feet.
The deal contributes to SL Green's strong leasing performance in 2025, with Manhattan office leases totaling 455,008 square feet and a current pipeline of approximately 975,000 square feet. The property, which is now over 99% leased, is undergoing improvements including a new lobby design and restoration of the building's entrance to its original design.
125 Park Avenue, designated as a New York City landmark for its contribution to Midtown East, is strategically located across from Grand Central Terminal.
SL Green Realty Corp (NYSE: SLG), New York City's largest office landlord, has announced its participation in Citi's 30th Annual Global Property CEO Conference. The company's Chairman and CEO Marc Holliday and CFO Matt DiLiberto will engage in a roundtable discussion on Monday, March 3, 2025, at 8:50 AM ET.
The discussion will be accessible via a live audio-webcast in listen-only mode through the Investors section of SL Green's website under 'Presentations & Webcasts.' A replay of the webcast will also be made available through the same platform.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly dividend of $0.2575 per share of common stock. This dividend represents an annualized dividend of $3.09 per share. The cash dividend will be paid on March 17, 2025, to shareholders of record as of the close of business on February 28, 2025.
SL Green Realty Corp reported Q4 2024 net income of $0.13 per share, compared to a net loss of $2.45 per share in Q4 2023. Funds from operations (FFO) reached $1.81 per share in Q4 2024, including $0.36 per share gain from debt extinguishment and $0.10 per share from positive mark-to-market adjustments.
The company signed 48 Manhattan office leases covering 1.79M square feet in Q4, with an 9.0% higher mark-to-market on rents. Manhattan same-store office occupancy increased to 92.5%. Notable transactions include selling an 11.0% interest in One Vanderbilt Avenue at $4.7B valuation, generating $189.5M in proceeds, and acquiring 500 Park Avenue for $130.0M.
Same-store cash NOI decreased 2.7% in Q4 and 1.2% for the full year. The company completed $5.3B in strategic debt refinancings and expanded its special servicing business to $5.0B in active assignments.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has announced a significant expansion lease with IBM at One Madison Avenue. The 92,663-square-foot, 15-year lease encompasses the entire 7th floor, bringing IBM's total footprint at the property to 362,092 square feet.
The expansion brings the building's occupancy to 72% leased. This follows SL Green's strong portfolio-wide leasing performance in 2024, during which the company signed 188 leases covering 3,607,924 square feet. The company currently maintains an active pipeline of prospective leases exceeding 875,000 square feet.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced its 2025 Annual Meeting of Stockholders will be held on Tuesday, June 3, 2025. The meeting will take place in-person at the auditorium of One Vanderbilt Avenue, New York, starting at 12:00pm ET. The company's board of directors has set Monday, March 31, 2025, as the record date for determining stockholder eligibility to receive notice and vote at the Annual Meeting. Additional meeting details will be provided in the upcoming proxy statement and related materials.