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SL Green Secures Extension of $742.8M Mortgage on 1515 Broadway
ZACKS· 2024-11-21 18:55
SL Green Realty (SLG) recently announced closing on a modification and extension for the $742.8 million mortgage on 54-story office tower, 1515 Broadway. As a result, the maturity date has been extended by three years to March 2028, while the interest rate remains unchanged at 3.93%.This strategic move enhances SL Green’s debt maturity profile. It offers SL Green and its partners the essential time and flexibility required to pursue projects like Caesars Palace Times Square. This project will bring the worl ...
SL Green Extends Loan on 1515 Broadway
GlobeNewswire News Room· 2024-11-20 12:30
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 ...
SL Green Realty Stock Up 23.6% in 3 Months: Will the Trend Last?
ZACKS· 2024-11-13 17:56
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 ...
SL Green(SLG) - 2024 Q3 - Quarterly Report
2024-10-31 21:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ ______________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numb ...
SL Green Inks 72,500 Square-Foot Lease With Verition Group at 245 Park Avenue
GlobeNewswire News Room· 2024-10-28 11:30
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 ...
SL Green Preferreds: Warranted Improvement In Sentiment, But Low Risk Premium
Seeking Alpha· 2024-10-28 05:10
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SL Green: Break Time As Part Of A Fantastic Year
Seeking Alpha· 2024-10-18 04:37
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SL Green(SLG) - 2024 Q3 - Earnings Call Transcript
2024-10-17 21:59
SL Green Realty Corp. (NYSE:SLG) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Financial Officer Steve Durels - EVP, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Nick Yulico - Scotia B ...
SL Green(SLG) - 2024 Q3 - Quarterly Results
2024-10-17 17:46
_ GF EN REALTY CORP. THIRD QUARTER 2024 SUPPLEMENTAL DATA September 30, 2024 SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with inhouse capabilities in property management, acquisitions and dispositions, debt investing, financing, development, redevelopment, construction and leasing. As of September 30, 2024, the Company held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet in Manhattan buildings and 2 ...
SL Green's Q3 FFO Lags Estimates, Revenues Improve Y/Y
ZACKS· 2024-10-17 15:50
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 ...