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. reports developments tied to its role as a Manhattan-focused office real estate investment trust and landlord. News commonly covers office leasing activity across major New York properties, asset management assignments through Green Property Services, development and adaptive reuse projects such as One Madison Avenue, and portfolio exposure to office and select retail real estate.
Company updates also include dividend actions, credit facility refinancing, debt fund and capital-platform activity, operating and financial results, and governance or leadership changes. These announcements reflect SL Green’s recurring focus on leasing, financing, portfolio management, and shareholder distributions within the Manhattan commercial real estate market.
SL Green Realty Corp has secured a significant 72,515 square-foot, 10-year lease with Verition Group NY at 245 Park Avenue. The hedge fund will expand its space by 34,413 square feet, moving from the 35th floor to occupy the entire 14th and 15th floors. This deal brings the building's occupancy to 92.5% and increases SL Green's total office leases for the year to 3,002,971 square feet.
The property is undergoing a transformative redevelopment, including a new lobby, renovated plazas, new windows, and terracotta facade updates. New amenities will feature a wellness center, golf lounge, upscale cafe by Michelin star chef Daniel Boulud's team, and a rooftop garden with city views.
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 November 15, 2024 to shareholders of record at the close of business on October 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 office real estate market.
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.