Sl Green Rlty Stock Price, News & Analysis

SL Green Realty Corp. (NYSE: SLG) reported a net loss attributable to common stockholders of $39.7 million or $0.63 per share for Q1 2023, down from a net income of $7.8 million or $0.11 per share in Q1 2022. Funds from operations (FFO) decreased to $105.5 million or $1.53 per share, compared to $115.8 million or $1.65 per share last year. The company signed 41 office leases covering 504,682 square feet, achieving a 5.3% increase in mark-to-market rents. Same-store cash net operating income (NOI) grew by 3.0%, while occupancy stood at 90.2%. SL Green affirmed its goal of 92.4% occupancy by year-end. The company also earned the 2023 ENERGY STAR Partner of the Year award for six consecutive years, highlighting its commitment to sustainability.

SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, is set to release its earnings for Q1 2023 on April 19, 2023, after market close. A conference call, led by CEO Marc Holliday, will follow on April 20, 2023, at 2:00 PM ET to discuss the financial results. Investors can access supplemental data on the company's website. As of December 31, 2022, SL Green managed 61 properties totaling 33.1 million square feet, with significant interests in Manhattan properties.

SL Green Realty Corp. (NYSE: SLG) announced that Palo Alto Networks has signed a long-term lease for an entire tower floor at One Madison Avenue, enhancing SLG's 2023 office leasing volume to 491,913 square feet. The office leasing pipeline has increased to over 1.0 million square feet, up from 700,000 square feet just three weeks earlier. One Madison Avenue, a 1.4 million square foot development set for completion in October 2023, is currently 59% leased. The building features modern amenities, including a rooftop deck and fitness facilities, catering to high-performing companies' demand for quality office spaces.

SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly ordinary dividend of $0.2708 per share, equivalent to an annualized dividend of $3.25 per share. This dividend is payable on April 17, 2023, to shareholders of record by the close of business on March 31, 2023.

Additionally, the board declared a quarterly dividend on its Series I Preferred Stock of $0.40625 per share, or $1.625 annualized, also payable on April 17, 2023. As of December 31, 2022, SL Green managed 61 buildings with a total of 33.1 million square feet.

SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, will participate in a roundtable discussion at Citi’s 2023 Global Property CEO Conference on March 6, 2023, at 8:35 AM EST. The session will feature Marc Holliday, Chairman and CEO, and Matt DiLiberto, CFO. It will be available for listening via webcast in the Investors section of SL Green's website. A replay of the discussion will be accessible until June 2, 2023. As of December 31, 2022, SL Green owned interests in 61 buildings totaling 33.1 million square feet, including significant holdings in Manhattan.

SL Green Realty Corp. (NYSE:SLG) has declared a monthly dividend of $0.2708 per share, payable on March 15, 2023, to shareholders on record as of February 28, 2023. As Manhattan’s largest office landlord, SL Green focuses on acquiring and managing commercial properties. By the end of 2022, the company held interests in 61 buildings totaling 33.1 million square feet, including 28.9 million square feet of Manhattan properties.

This dividend announcement reflects the company's ongoing commitment to providing value to its shareholders.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, is set to hold its 2023 Annual Meeting of Stockholders on June 5, 2023. The company established March 31, 2023, as the record date for stockholders entitled to vote. The meeting will occur in-person at One Vanderbilt Avenue, starting at 10:00am ET. SL Green is a fully integrated real estate investment trust focused on acquiring and managing Manhattan commercial properties. As of December 31, 2022, the company owned interests in 61 buildings, totaling 33.1 million square feet, comprising 28.9 million square feet of Manhattan buildings and 3.4 million square feet supporting debt and preferred equity investments.

SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, announced the signing of leases totaling 343,186 square feet during early 2023. Notable leases include a 15-year agreement with 777 Partners for 18,476 square feet at One Madison Avenue and an 11-year expansion by TD Securities covering 25,171 square feet at 125 Park Avenue. CBS Broadcasting renewed a lease for 186,882 square feet at 555 West 57th Street, and the Greater New York Hospital Association signed a 10-year renewal covering 58,017 square feet. These developments highlight SL Green's strong leasing momentum and growing corporate demand for office space.

SL Green Realty Corp. (NYSE: SLG) reported a net loss attributable to common stockholders of $64.3 million, or $1.01 per share, for Q4 2022, a decline from a net loss of $51.3 million, or $0.82 per share, in Q4 2021. The full year net loss stood at $93.0 million, or $1.49 per share, compared to net income of $434.8 million, or $6.50 per share, in 2021. FFO was $100.0 million, or $1.46 per share, down from $108.3 million, or $1.52 per share, in the previous year. Same-store cash NOI increased by 3.3% for Q4 2022. The company signed 33 office leases in Manhattan during the fourth quarter, averaging $69.67 per square foot. Plans to sell retail condominiums for $14.0 million are underway, with a closing expected in Q1 2023.