NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has closed on a modification and extension of the $742.8 million mortgage on 1515 Broadway. The modification extended the maturity date by three years, as fully extended, to March 2028 and the interest rate was maintained at 3.93%. “This is another successful step in executing our plan to extend our debt maturity profile and reflects the strength of the Midtown Manhatta ...

Shares of SL Green Realty (SLG) have risen 23.6% in the past three months compared with the industry's upside of 0.8%.Last month, this New York-based office real estate investment trust (REIT) reported a third-quarter 2024 FFO per share of $1.13, which missed the Zacks Consensus Estimate of $1.21. Results reflected decent leasing activity in its Manhattan portfolio and higher rental revenues.Analysts seem bullish on this Zacks Rank #3 (Hold) company, with the Zacks Consensus Estimate for its fourth-quarter ...

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed a 72,515 square foot, 10-year lease with leading hedge fund Verition Group NY, Inc., raising occupancy in the building to 92.5%. Verition will expand its footprint in the building by 34,413 square feet, relocating from the 35th floor to the entire 14th and 15th floors. This transaction increases SL Green's office leases signed year to date to 3,002,971 square ...

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SL Green Realty Corp. (SLG) reported third-quarter 2024 funds from operations (FFO) per share of $1.13, which missed the Zacks Consensus Estimate of $1.21. The company had reported an FFO of $1.27 per share in the previous year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results reflected decent leasing activity in its Manhattan portfolio and higher rental revenues, though higher interest expenses acted as a dampener. Net rental revenues of $139.6 million surpassed the Zacks C ...

Shares of SL Green Realty (NYSE: SLG ) have been a stunning performer over the past year, doubling to a 52- week-high, as many of the worst fears about office real estate have simply not come to pass. Shares Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! Analyst's Disclosure: I/we h ...

For the quarter ended September 2024, SL Green (SLG) reported revenue of $139.62 million, up 6.2% over the same period last year. EPS came in at $1.13, compared to -$0.38 in the year-ago quarter. The reported revenue represents a surprise of +2.17% over the Zacks Consensus Estimate of $136.66 million. With the consensus EPS estimate being $1.21, the EPS surprise was -6.61%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Group 1 - SL Green reported quarterly funds from operations (FFO) of $1.13 per share, missing the Zacks Consensus Estimate of $1.21 per share, and down from $1.27 per share a year ago, representing an FFO surprise of -6.61% [1] - The company posted revenues of $139.62 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.17%, compared to year-ago revenues of $131.52 million [2] - SL Green shares have increased approximately 58.8% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] Group 2 - The current consensus FFO estimate for the coming quarter is $1.28 on revenues of $137.55 million, and for the current fiscal year, it is $7.62 on revenues of $538.1 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 38% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Group 3 - Ahead of the earnings release, the estimate revisions trend for SL Green was favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [6]

Financial and Operating Highlights Net loss attributable to common stockholders of $0.21 per share for the third quarter of 2024 as compared to net loss of $0.38 per share for the same period in 2023. Funds from operations ("FFO") of $1.13 per share for the third quarter of 2024, which was reduced by $9.0 million, or $0.13 per share, of non-recurring, non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $1.27 per share for the same period in 2023. Signed 42 Manhattan of ...