SL Green Realty

SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt & Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt & Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

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SL Green Realty reports robust Q4 performance and eyes market opportunities

SL Green Realty's Q4 2022 performance showcased strong leasing activity, asset monetization, and strategic positioning amidst market challenges and opportunities.
The company's focus on transformative developments, robust leasing pipeline, and readiness to capitalize on distressed opportunities highlight its resilience and growth potential.
Management's proactive approach to addressing challenges, leveraging strengths, and pursuing growth opportunities positions SL Green Realty for continued success in 2023 and beyond.
Overall, SL Green Realty's earnings call highlighted a strategic roadmap for maximizing shareholder value, navigating market dynamics, and driving sustainable growth.

SL Green Realty surpasses Q1 expectations amidst market skepticism

SL Green Realty's Q1 performance exceeded expectations with strong leasing activity and NOI growth. Despite challenges in investor recognition and market sentiment, the company remains confident in its strategic plans. Opportunities lie in NYC office sector recovery and tech sector growth.

SL Green Realty excels in Q2, eyes market opportunities

SL Green Realty's Q2 2023 performance reflects resilience and progress amidst market challenges. Management's confidence in leasing prospects, business plan, and ability to create value for shareholders is evident. The company's strategic focus on asset dispositions, debt repayment, and maintaining high occupancy levels positions it well for future growth.

SL Green Realty Corp. reports strong Q3 performance amidst occupancy challenges

SL Green Realty Corp. demonstrated resilience and strategic focus in Q3 2023, leveraging achievements in construction, acquisitions, and occupancy improvements.
While facing challenges in occupancy pickup and lease closures, the company remains committed to debt reduction, dividend maintenance, and exploring growth opportunities.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, SL Green Realty Corp. aims to navigate market dynamics and drive sustainable growth in the real estate sector.

SL Green Realty excels in Q4 with NYC deals and debt reduction progress

SL Green Realty's Q4 performance reflects success in retail and office sectors, with progress in debt reduction and fundraising for NYC's recovery. Challenges include debt refinancing and ground lease payments for 2 Herald Square, but opportunities lie in value creation and market exploration.

SL Green Realty reports robust Q1 performance and strategic growth plans

SL Green Realty's Q1 performance reflects strong leasing activity and strategic initiatives to drive growth, despite facing challenges related to debt refinancing and lease management.
The company's strengths lie in its proactive real estate investments, financial stability, and positive outlook, with opportunities to capitalize on market dynamics and drive revenue growth.
Overall, SL Green Realty's performance, strengths, and opportunities outweigh the challenges, positioning the company for continued success and positive future performance.

SL Green Realty Corp excels in Q2 2024, eyes growth opportunities

SL Green Realty Corp's Q2 2024 earnings call reflected a successful quarter with strong performance across various sectors in NYC. The company is well-positioned to capitalize on the city's growth, with a focus on achieving ambitious goals for the year.

SL Green Realty excels in Q3 with strategic investments and leasing momentum

SL Green Realty's Q3 performance reflects a resilient real estate market in New York City, marked by key tenant signings and successful property developments. While challenges exist in evolving market dynamics, the company's strategic investments and optimistic outlook position it well to seize opportunities for growth and expansion.

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SL Green Realty Corp. is a real estate investment trust, which engages in the acquisition, development, ownership, management, and operation of commercial real estate properties and principally office properties. It operates through the Real Estate, and Debt and Preferred Equity Investments segments. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

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Office REITs are facing challenges as the hybrid work model becomes more popular, leading to downsizing and increased vacancies. Major companies like Charles Schwab, Johnson & Johnson, Dropbox, and Microsoft have already downsized their office spaces. Office REITs like Boston Properties, Kilroy Realty, City Office REIT, and SL Green are experiencing negative cash spreads and declining occupancy rates, indicating more trouble ahead.

Sell Alert: The Slaughter Of Office REITs Is Just Beginning

SL Green Realty Corp. has been hurt by higher interest rates and lower occupancy rates in the Manhattan office real estate market. The company has made progress on divestments and business development, but the overall picture is still unclear. Lower interest rates and recent real estate sales have provided some relief, but there are still concerns about sustainable profitability.

SL Green: More Green Shoots, Still Many Questions

NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the fourth quarter of 2023 on Wednesday, January 24, 2024 after market close. The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, January 25, 2024 at 2:00pm ET to discuss the financial results.

SL Green Realty Corp. to Release Fourth Quarter 2023 Financial Results After Market Close on January 24, 2024

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Dividend Harvesting Portfolio Week 144: $14,400 Allocated, $1,274.81 In Projected Dividends

SL Green's management is making sound strategic moves to capitalize on the post-pandemic recovery of New York City's economy and the trend of employers forcing people to return to offices. SLG stock currently offers a 7% forward FY 2024 dividend yield, which I consider safe. My valuation analysis suggests the stock is substantially undervalued.

SL Green: Solid Dividend Yield And Attractive Valuation

With these recent leasing activities, SL Green Realty (SLG) continues to demonstrate its prowess in securing high-profile tenants and revitalizing prime office spaces.

SL Green (SLG) Strikes Leases, Boosts Manhattan's Office Market

SL Green (SLG) announces the sale of 625 Madison Avenue for $632.5 million. It also lowers its dividend payout by 7.7% to focus on retaining its cash flows amid a choppy United States office market.

SL Green (SLG) to Sell 625 Madison Avenue, Cuts Dividend by 7.7%

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SL Green Realty shares rose over 6% after announcing actions to strengthen its business, including a dividend cut and asset sale. The company confirmed its 2023 guidance for funds from operations and initiated 2024 guidance, forecasting a 3% annual decline. SL Green and its partners sold their ownership interest in 625 Madison Avenue for $632.5 million, with proceeds going toward debt reduction.

SL Green: A Positive Investor Day Should Not Outweigh Long-Term Challenges

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), and Vornado Realty Trust (NYSE: VNO) today announced that they have signed a 15-year renewal and expansion lease with a premier financial services tenant covering 269,905 square feet on six floors at 280 Park Avenue. Spanning the entire block front of Park Avenue between 48th and 49th Streets, 280 Park Avenue is a best-in-class 1.25 million-square-foot Midtown Manhattan office building owned in joint venture between SL Green and Vornado.

SL Green and Vornado Announce 270,000-Square-Foot Lease with a Premier Financial Services Tenant at 280 Park Avenue

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that Stonepeak Partners, L.P., a leading international alternative investment firm, has signed a new 76,716 square foot, 15-year lease covering the entire 31st and 32nd floors at 245 Park Avenue. To date in 2023, SL Green has signed leases totaling 199,872 square feet in the building.

SL Green Signs 77,000 Square Foot Lease with Stonepeak Partners at 245 Park Avenue

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, announced today that its board of directors has established an annual ordinary dividend on SL Green's common stock of $3.00 per share. The ordinary dividend will continue to be paid in cash on a monthly basis.

SL Green Realty Corp. Announces Annual Ordinary Dividend of $3.00 Per Share

SL Green CEO Marc Holliday should have plenty to crow about on the leasing front at Monday's third-quarter investors conference call. In a just-signed, 270,000 square-foot mega-deal, sources told us, investment bank PJP Partners expanded by 130,000 square feet across six floors and renewed on its existing 140,000 sf at 280 Park Ave.

SL Green boosts portfolio with key deals at Park Ave. office towers

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The markets had a good week, with the S&P 500 increasing by 0.89% and the Dow Jones Industrial Average rising by 0.44%. Jeremy Siegel believes inflation is over and predicts a market rally in 2023, while Andrew Hollenhorst sees early indications of a recession. The Dividend Harvesting Portfolio finished week 143 with a 1.78% increase and $4.02 of dividend income, bringing the total dividend income for 2023 to $868.53.

Dividend Harvesting Portfolio Week 143: $14,300 Allocated, $1,263.34 In Projected Dividends

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Dividend Harvesting Portfolio Week 140: $14,000 Allocated, $1,230.81 In Projected Dividends

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News for SL Green Realty Stock (SLG)