SL Green Realty Corp., an S&P 500 company and Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.
IPO Year: 1997
Exchange: NYSE
Website: slgreen.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/10/2024 | $51.00 → $80.00 | Underweight → Neutral | Analyst |
| 9/18/2024 | $35.00 → $60.00 | Sell → Neutral | Compass Point |
| 9/16/2024 | $55.00 → $66.00 | Underperform → In-line | Evercore ISI |
| 9/13/2024 | $44.00 → $66.00 | Sell → Neutral | Citigroup |
| 7/9/2024 | $43.00 → $53.00 | Sector Underperform → Sector Perform | Scotiabank |
| 4/18/2024 | $56.00 → $58.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/27/2024 | $35.00 → $48.00 | Underweight → Equal Weight | Barclays |
| 3/18/2024 | $44.00 | In-line → Underperform | Evercore ISI |
| 1/30/2024 | $50.00 | Hold | Deutsche Bank |
| 1/16/2024 | $44.00 → $47.00 | Buy → Hold | Truist |
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NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the fourth quarter of 2024 on Wednesday, January 22, 2025 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, January 23, 2025 at 2:00pm ET to discuss the financial results. 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". The live conference call
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that The Travelers Insurance Company has executed a 122,788 square foot renewal at 485 Lexington Avenue. The company will remain on a portion of the seventh floor and all of the eighth and ninth floors for an additional 10 years. This transaction increases SL Green's office leases signed year to date to 3,518,829 square feet while maintaining a pipeline of more than 900,000 square feet. "We are proud to extend our valued relationship with The Travelers Insurance Company," said Steven Durels, Executive Vice President and Director of Leasing and Real Property at
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced a series of transactions at 100 Park Avenue, including a new 220,221 square-foot lease with global professional services firm, Alvarez & Marsal Holdings, LLC, a modification that extends and upsizes the existing $360.0 million mortgage, and the signing of a purchase option agreement to acquire its partner's 49.9% interest in the property. Alvarez & Marsal Holdings, LLC signed a new 15-year lease for 220,221 square feet covering floors 3, 4 and 7-9, which brings the building's leased occupancy to 95.8%. The tenant was represented by David Dusek of Cushman & Wak
NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced today that its board of directors has established an annual ordinary dividend on SL Green's common stock for 2025 of $3.09 per share, an increase of 3.0%. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.2575 per share is payable on January 15, 2025, to stockholders of record at the close of business on December 31, 2024. "We are proud to reward our shareholders with an increase in our ordinary dividend as earnings and taxable income grow amid the backdrop of the best performing office market in
NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that a Canadian institutional investor has committed to anchor the SLG Opportunistic Debt Fund with a $250.0 million commitment. The investor has been ranked among the world's largest institutional investors that manages public and parapublic pension plans and insurance programs. "A world class investor and the ideal anchor has been secured for the SLG Opportunistic Debt Fund," said Harrison Sitomer, Chief Investment Officer at SL Green. "We look forward to deploying SL Green's fully integrated platform and New York market expertise to capitalize on a robust p
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, along with its joint venture partners, today announced that it closed on a modification and extension of the $1.25 billion mortgage facility on One Madison Avenue. The modification extended the final maturity date through November 2027 and maintained the interest rate at 3.10% over Term SOFR, with a further reduction in spread when specific leasing thresholds are exceeded. The facility, which consists of 14 global banks, was led by Wells Fargo Bank, N.A. "One Madison Avenue has set a new standard for the modern work experience, attracting top-tier companies with an unparallel
NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has entered into a contract to purchase 500 Park Avenue for $130.0 million. "500 Park Avenue is an extraordinary addition to our Park Avenue portfolio and a rare opportunity to own an iconic asset that hasn't traded in more than 40 years," said Harrison Sitomer, Chief Investment Officer of SL Green. "Park Avenue is the best performing office market in New York City with historic low vacancy and 500 Park Avenue will continue to benefit from opportunities in this fortress corridor that attracts top tier tenants and triple-digit rents." Ideally located a
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 Manhattan office market," said Brett Herschenfeld, Executive Vice President for Retail and Opportunistic Investments at SL Green. "This extension provides SL Green and our partners with the
NEW YORK, Nov. 18, 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 December 16, 2024 to shareholders of record at the close of business on November 29, 2024. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of
Analyst upgraded SL Green Realty from Underweight to Neutral and set a new price target of $80.00 from $51.00 previously
Compass Point upgraded SL Green Realty from Sell to Neutral and set a new price target of $60.00 from $35.00 previously
Evercore ISI upgraded SL Green Realty from Underperform to In-line and set a new price target of $66.00 from $55.00 previously
Citigroup upgraded SL Green Realty from Sell to Neutral and set a new price target of $66.00 from $44.00 previously
Scotiabank upgraded SL Green Realty from Sector Underperform to Sector Perform and set a new price target of $53.00 from $43.00 previously
BMO Capital Markets upgraded SL Green Realty from Market Perform to Outperform and set a new price target of $58.00 from $56.00 previously
Barclays upgraded SL Green Realty from Underweight to Equal Weight and set a new price target of $48.00 from $35.00 previously
Evercore ISI downgraded SL Green Realty from In-line to Underperform and set a new price target of $44.00
Deutsche Bank initiated coverage of SL Green Realty with a rating of Hold and set a new price target of $50.00
Truist downgraded SL Green Realty from Buy to Hold and set a new price target of $47.00 from $44.00 previously
Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has appointed Garrett Armwood as Vice President of Government Affairs. Armwood most recently served as the Deputy State Director to Senate Majority Leader Charles E. Schumer. This new position will help SL Green expand its role supporting New York City's recovery, as it works with City and State officials to advocate for important initiatives including affordable housing programs that incentivize the conversion of office properties to residential use, and the ongoing reimagination of central business districts as 24/7 destinations. These initiatives
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NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the fourth quarter of 2024 on Wednesday, January 22, 2025 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, January 23, 2025 at 2:00pm ET to discuss the financial results. 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". The live conference call
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that The Travelers Insurance Company has executed a 122,788 square foot renewal at 485 Lexington Avenue. The company will remain on a portion of the seventh floor and all of the eighth and ninth floors for an additional 10 years. This transaction increases SL Green's office leases signed year to date to 3,518,829 square feet while maintaining a pipeline of more than 900,000 square feet. "We are proud to extend our valued relationship with The Travelers Insurance Company," said Steven Durels, Executive Vice President and Director of Leasing and Real Property at
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced a series of transactions at 100 Park Avenue, including a new 220,221 square-foot lease with global professional services firm, Alvarez & Marsal Holdings, LLC, a modification that extends and upsizes the existing $360.0 million mortgage, and the signing of a purchase option agreement to acquire its partner's 49.9% interest in the property. Alvarez & Marsal Holdings, LLC signed a new 15-year lease for 220,221 square feet covering floors 3, 4 and 7-9, which brings the building's leased occupancy to 95.8%. The tenant was represented by David Dusek of Cushman & Wak
NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced today that its board of directors has established an annual ordinary dividend on SL Green's common stock for 2025 of $3.09 per share, an increase of 3.0%. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.2575 per share is payable on January 15, 2025, to stockholders of record at the close of business on December 31, 2024. "We are proud to reward our shareholders with an increase in our ordinary dividend as earnings and taxable income grow amid the backdrop of the best performing office market in
NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that a Canadian institutional investor has committed to anchor the SLG Opportunistic Debt Fund with a $250.0 million commitment. The investor has been ranked among the world's largest institutional investors that manages public and parapublic pension plans and insurance programs. "A world class investor and the ideal anchor has been secured for the SLG Opportunistic Debt Fund," said Harrison Sitomer, Chief Investment Officer at SL Green. "We look forward to deploying SL Green's fully integrated platform and New York market expertise to capitalize on a robust p
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, along with its joint venture partners, today announced that it closed on a modification and extension of the $1.25 billion mortgage facility on One Madison Avenue. The modification extended the final maturity date through November 2027 and maintained the interest rate at 3.10% over Term SOFR, with a further reduction in spread when specific leasing thresholds are exceeded. The facility, which consists of 14 global banks, was led by Wells Fargo Bank, N.A. "One Madison Avenue has set a new standard for the modern work experience, attracting top-tier companies with an unparallel
NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has entered into a contract to purchase 500 Park Avenue for $130.0 million. "500 Park Avenue is an extraordinary addition to our Park Avenue portfolio and a rare opportunity to own an iconic asset that hasn't traded in more than 40 years," said Harrison Sitomer, Chief Investment Officer of SL Green. "Park Avenue is the best performing office market in New York City with historic low vacancy and 500 Park Avenue will continue to benefit from opportunities in this fortress corridor that attracts top tier tenants and triple-digit rents." Ideally located a
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (the "Company") (NYSE:SLG) announced today that it priced an underwritten public offering of 5,063,291 shares of its common stock, par value $0.01 per share (the "Common Stock"), at a price to the public of $79.00 per share. In connection with the offering, the Company has granted the underwriters an option to purchase up to an additional 759,493 shares of Common Stock during the next 30 days. The offering is expected to close on November 25, 2024, subject to customary closing conditions. The Company intends to use net proceeds from the offering for general corporate purposes, which may include new debt and equity inv
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (the "Company") (NYSE:SLG) announced today the commencement of an underwritten public offering of $400,000,000.00 of shares of its common stock, par value $0.01 per share (the "Common Stock"). In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional $60,000,000.00 of shares of Common Stock. The Company intends to use net proceeds from the offering for general corporate purposes, which may include new debt and equity investment opportunities and the repayment of a portion of its outstanding indebtedness. Wells Fargo Securities, J.P. Morgan, TD S