SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends

Rhea-AI Summary

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.

Positive

• Monthly dividend commitment shows stable cash flow distribution
• Maintains dividend payments for both common and preferred shareholders

Negative

• None.

NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share. The dividend is payable in cash on April 15, 2025 to shareholders of record at the close of business on March 31, 2025.

The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period January 15, 2025 through April 14, 2025 of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend is payable in cash on April 15, 2025 to shareholders of record at the close of business on March 31, 2025.

About SL Green Realty Corp.

SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of December 31, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

Forward Looking Statement

This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

PRESS CONTACT
slgreen@berlinrosen.com

SLG – DIV

FAQ

What is SL Green's (SLG) current monthly dividend per share for common stock?

SL Green's monthly dividend for common stock is $0.2575 per share, payable April 15, 2025.

When is the record date for SLG's latest dividend payment?

The record date is March 31, 2025, for both common and preferred stock dividends.

What is the annualized dividend yield for SLG's Series I Preferred Stock?

The Series I Preferred Stock has an annualized dividend of $1.625 per share.

How much is SLG's annualized common stock dividend?

SLG's annualized common stock dividend is $3.09 per share.