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SL Green: Upside Now Relies On Sustained Execution (Rating Downgrade)
Seeking Alpha· 2024-09-20 13:43
On 9 July, I issued a buy recommendation for SL Green (NYSE: SLG ), arguing that despite a great run year to date, the stock was still undervalued on a net asset value and historical Price/FFO basis. I estimated SLG's I am a UK-based long-only investor with a strategy which revolves around finding companies which can be multi-baggers over a 5-10 year time horizon, though, as a great man once said, my favourite holding period is forever. I am looking for companies that have a high probability of substantial ...
SL Green Realty Stock Up 38.5% in 6 Months: Will It Continue to Rise?
ZACKS· 2024-09-17 15:11
Shares of SL Green Realty (SLG) have risen 38.5% in the past six months compared with the industry's upside of 17.5%. Last July, SLG reported a second-quarter 2024 FFO per share of $2.05, which outpaced the Zacks Consensus Estimate of $1.62. Results reflected decent leasing activity in its Manhattan portfolio. SL Green also raised its guidance for 2024 FFO per share. Analysts seem bullish on this Zacks Rank #3 (Hold) company, with the Zacks Consensus Estimate for its 2024 FFO per share revised upward margin ...
SL Green Realty Corp. to Release Third Quarter 2024 Financial Results After Market Close on October 16, 2024
GlobeNewswire News Room· 2024-09-09 20:30
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the third quarter of 2024 on Wednesday, October 16, 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, October 17, 2024 at 2:00pm ET to discuss the financial results. Simultaneous with the earnings release, ...
SL Green (SLG) Stock Rises 41% Year to Date: Here's How
ZACKS· 2024-08-16 16:16
Shares of SL Green Realty Corp. (SLG) have gained 41% in the year-to-date period compared with the industry's growth of 2.6%. This New York-based office real estate investment trust's (REIT) portfolio of high-quality and well-amenitized office properties is well-poised to ride the growth curve. Its opportunistic investment policy and balance-sheetstrengthening efforts are encouraging. Last month, the company reported better-than-expected second-quarter 2024 results. It reported funds from operations (FFO) p ...
SL Green(SLG) - 2024 Q2 - Quarterly Report
2024-07-31 20:47
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 June 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 Number: 1 ...
SL Green Extends Mortgage on 220 East 42nd Street
Newsfilter· 2024-07-30 11:30
"This extension further emphasizes our strong relationships with the lending community and the confidence lenders have in fortress Manhattan office properties," said Harrison Sitomer, Chief Investment Officer of SL Green. About SL Green Realty Corp. 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, ...
SL Green Extends Mortgage on 220 East 42nd Street
GlobeNewswire News Room· 2024-07-30 11:30
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that, together with its joint venture partner, it has closed on a modification and extension of the mortgage on 220 East 42nd Street. The modification included a paydown of the principal balance by $9.0 million to $496.4 million and extended the maturity date by more than three years from July 2024 to December 2027. The interest rate was maintained at 2.75% over term SOFR, whic ...
Boom Times At SL Green
Seeking Alpha· 2024-07-19 21:52
SL Green (NYSE:SLG) management never got the memo about the supposed downturn in "office." Let's hope they never get it as business is absolutely booming while the rest of the industry has a very different story. Here is a summary of some of the second quarter accomplishments: " SL Green Signs Retail Leases Totaling More Than 66,000 Square Feet" " SL Green Announces Sale Closings Totaling $691 Million" " SL Green Announces Sellout of Giorgio Armani Residences at 760 Madison Avenue" " SL Green Office Leasing ...
SL Green (SLG) Secures Retail Leases, Reveals Property Sales
ZACKS· 2024-07-19 17:50
The retail leasing accomplishments at One Madison Avenue encompass a range of culinary options. SL Green Realty Corp. (SLG) recently announced that it has inked retail leases and closed on the sale of three properties. The company is also under contract to sell the exclusive Giorgio Armani Residences at 760 Madison Avenue. Among these accomplishments is a 15-year lease, totaling 11,983 square feet from La Tête d'Or by Daniel. The first steakhouse by Chef Daniel Boulud is scheduled to open later this year. T ...
SL Green(SLG) - 2024 Q2 - Earnings Call Transcript
2024-07-18 21:35
SL Green Realty Corp. (NYSE:SLG) Q2 2024 Results Conference Call July 18, 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 Conference Call Participants John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Michael Lewis - Tourist Securities Nick Yulico - Scotia Bank Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Blaine Heck - Wells Fargo Anthony ...