SL Green Realty Corp. Announces Annual Ordinary Dividend of $2.47 per Share

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].