NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp., Manhattan's largest office landlord, today announced the sellout of the exclusive Giorgio Armani Residences on Manhattan's Upper East Side. All 10 residential units within the premier luxury condominium project are now under contract for gross consideration totaling $168.2 million. The sales are expected to close in the fourth quarter of 2024. "SL Green's premier development platform, together with our partnership with Giorgio Armani, result ...

Tradeweb Markets LLC, a leading global operator of electronic marketplaces for rates, credit, equities and money markets, signed a new 15-year, 75,825 square foot lease covering floors 29 and 30 at 245 Park Avenue. David Kleiner, Michael Berg, Will McGarry and Finley Burger of Jones Lang LaSalle represented Tradeweb. Patrick Murphy, Bruce Mosler, Tara Stacom, Harry Blair, Ron LoRusso, Justin Royce, Pierce Hance and Will Yeatman of Cushman Wakefield represented the landlord. Golenbock Eiseman Assor Bell & Pe ...

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. Bearing this in mind, let's now explore the average estimates of specific SL Green metrics that are commonly monitored and projected by Wall St ...

What's Aiding it? Although overall demand for office spaces in some markets is likely to remain subdued in the near term, given tenants' healthy demand for premier office spaces with class-apart amenities, SL Green is well-poised for growth. Its long-term leases, with a diverse tenant base, assure stable rental revenues. Given that office space demand in the upcoming period is likely to be driven by de-densification to allow higher square footage per office worker, SLG remains well-positioned to navigate th ...

Simultaneous with the earnings release, supplemental data will be made available in the Investors section of the SL Green Realty Corp. website at https://slgreen.com under "Financial Reports". About SL Green Realty Corp. Press contact: slgreen@berlinrosen.com 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, July 18, 2024 at 2:00pm ET to discuss the financial results. Research analysts who wish to p ...

The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2024 through July 14, 2024 of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend is payable in cash on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused p ...

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, which is the equivalent of an annualized dividend of $3.00 per share. The dividend is payable in cash on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. The board of directors also declared the regular quarterly dividend on the company's Ser ...

SL Green Realty Corp. Preferreds (NYSE:SLG.PR.I) continue to show distress, trading meaningfully below liquidation preference value and with incomes under substantial pressure as the rent situation in its Manhattan markets crystallizes at significantly lower levels per square foot. They are still paying the dividend, contrary to worries in our last article from more than a year ago, and they are managing to refinance things as apparently creditors are willing to give them a chance, but the dangers are big h ...

Shares of SL Green Realty Corp. (SLG) have gained 18.4% in the year-to-date period against the industry's decline of 7.4%. This New York-based office real estate investment trust's (REIT) portfolio of high-quality and well-amenitized office properties poises it well to ride the growth curve. Its opportunistic investment policy and balance-sheet- strengthening efforts are encouraging. In the first quarter earnings release, SL Green increased its guidance for 2024 FFO per share to the range of $7.35-$7.65 fro ...

NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that Harrison Sitomer, Chief Investment Officer, Matt DiLiberto, Chief Financial Officer, and Steve Durels, EVP, Director of Leasing and Real Property, will participate in a moderated Company presentation at Nareit's 2024 REITweek on Tuesday, June 4, 2024 at 10:15 AM ET. The Company presentation will be webcast. The live audio-webcast can be accessed in listen-only mode in the In ...