Transaction Marks the Largest US Office CMBS Issuance in the Past 12 MonthsNEW YORK, March 25, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, and its partners today announced a $1.65 billion refinancing of One Madison Avenue. The five-year, fixed rate financing was priced at a spread of 181 basis points above the US treasury index, resulting in an interest rate of 5.81%. The single asset, single borrower (SASB) CMBS execution was agented by a consortium of w ...

Core Viewpoint - SL Green Realty Corp. has announced an annual ordinary dividend of $2.47 per share for 2026, aimed at retaining liquidity for investment opportunities while rewarding shareholders with a substantial recurring dividend yield of 6.6% based on the current share price of $37.48 [1][3]. Dividend Details - The ordinary dividend will be distributed quarterly, with the first payment of $0.6175 per share scheduled for April 15, 2026, to stockholders of record as of March 31, 2026 [2]. - The board also declared a regular quarterly dividend of $0.40625 per share on the Series I Preferred Stock, equivalent to an annualized dividend of $1.625 per share, payable on April 15, 2026 [3]. Business Performance and Strategy - SL Green has completed a record first quarter of office leasing, leasing 8.4 million square feet of office space over the past three years, contributing to a projected increase in same-store leased occupancy to nearly 95% by the end of 2026 [3]. - The company is executing a multi-faceted business plan for 2026, which includes $2.5 billion in asset dispositions and $7.0 billion in refinancings, aimed at sourcing incremental liquidity for reinvestment [3]. Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT), focusing on acquiring, managing, and maximizing the value of Manhattan commercial properties [4]. - As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet, including 28.0 million square feet of Manhattan buildings [4].

Core Viewpoint - SL Green Realty Corp. has successfully refinanced, extended, and reduced the cost of $2.0 billion of its corporate credit facility, which is part of its broader $7.0 billion financing plan for 2026 [1][2]. Group 1: Refinancing Details - The refinancing includes maintaining a revolving line of credit at $1.25 billion, with the maturity date extended to June 2031 and a borrowing cost reduced by 25 basis points to 125 basis points over SOFR [5]. - A $1.05 billion term loan component has been bifurcated into a new $750 million term loan with a maturity date of June 2031 and a reduced borrowing cost of 145 basis points over SOFR, while the remaining $300 million term loan will continue on its current terms until May 2027 [5]. - An existing $100 million term loan with a maturity date of November 2026 will also remain outstanding on its current terms [5]. Group 2: Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT), focusing on acquiring, managing, and maximizing the value of Manhattan commercial properties [3]. - As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet, including 28.0 million square feet of Manhattan buildings [3]. Group 3: Market Context - The refinancing is supported by the strength of the Midtown Manhattan office leasing market and the credit quality of SL Green's portfolio, which continues to attract high-quality financial institutions [2].

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Shares of SL Green ( SLG ) have seen a positive reaction in response to a small divestment, albeit this recovery comes after a tough time recently. Shares of the New York office landlord and devel ...

SL Green Realty Corp. (NYSE:SLG) is one of the 10 Must-Buy Real Estate Stocks to Invest In. On March 13, 2026, Scotiabank raised the price target on SL Green Realty Corp. (NYSE:SLG) to $52 from $51 previously and maintained an Outperform rating, saying the stock’s current valuation remains “very attractive.” On March 9, 2026, SL Green Realty Corp. (NYSE:SLG) announced that the remaining office space at One Madison Avenue was leased to Harvey AI through a 92,663 square foot expansion, capping what the co ...

SL Green Realty Corp. (NYSE:SLG) is one of the 10 cheap REITs with huge upside. On March 9, SL Green Realty Corp. (NYSE:SLG) reportedly capped a potentially record-breaking first quarter through the leasing of the remaining office space at One Madison Avenue to Harvey AI via an addition of 92,663 square feet. In reaction to concerns that AI is contributing to a reduction in employment in New York City, Marc Holliday, the CEO, highlighted that the city is poised to reap the benefits of advancements in tech ...

Key Takeaways SLG to sell residential and retail portions of 7 Dey Street, with the deal expected to close in Q2 2026.SL Green will retain 26,000 square foot of office space under its ownership. The 260,000 sq. ft. building includes flagship retail space, commercial space and residential space.SL Green Realty Corp. (SLG) announced that it has entered into a contract to sell the residential and retail portions of 7 Dey Street to GO Residential for $222.6 million, while retaining the 26,000-square-foot office ...

Conference Call to Be Held on April 16, 2026 at 2:00pm ETNEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it will release its earnings for the first quarter of 2026 on Wednesday, April 15, 2026 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, April 16, 2026 at 2:00pm ET to discuss the financ ...

Group 1 - Scotiabank raised the price target on SL Green Realty (SLG) to $52 from $51 [1] - The firm maintains an Outperform rating on SLG shares [1] - The analyst believes the current valuation of SLG is "very attractive" [1]

Group 1: Acquisition Details - SL Green has purchased the nearly 16,000-square-foot condo space of Restaurant Daniel for $18.5 million [1][5] - The acquisition strengthens SL Green's investment in the Upper East Side community and builds upon its existing relationship with chef Daniel Boulud [5] Group 2: Lease Agreement - Boulud's Dinex Group has signed a 20-year lease with SL Green, ensuring continuity for the Michelin-starred restaurant [2][7] - This long-term lease allows Dinex to focus on its core restaurant business while providing financial support for ongoing expansion [4] Group 3: Expansion Plans - The deal provides Dinex with additional funds to support its expansion efforts, including new locations in Hong Kong and London [3][4] - Boulud's new ventures include Terrace Boulud at the Mandarin Oriental in Hong Kong and Cafe Boulud at the Waldorf Astoria in London, set to open later this year [3] Group 4: Existing Relationship - SL Green has a history of partnerships with Boulud, already serving as the landlord for his other restaurants, including Le Pavillion and Joji [8] - The close relationship between SL Green and Boulud is highlighted as a unique aspect of their collaboration in the restaurant industry [6]