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 |
---|---|---|---|
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 |
9/26/2023 | $27.00 | Sell | Compass Point |
8/17/2023 | $32.00 → $35.00 | Outperform → Market Perform | BMO Capital Markets |
7/21/2023 | $27.00 → $41.00 | Neutral → Overweight | Piper Sandler |
6/27/2023 | $84.00 → $70.00 | Buy | BTIG Research |
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, 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, Aug. 19, 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 September 16, 2024 to shareholders of record at the close of business on August 30, 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
NEW YORK, July 22, 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 August 15, 2024 to shareholders of record at the close of business on July 31, 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 June
Financial and Operating Highlights Net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024 as compared to net loss of $5.63 per share for the same period in 2023.Funds from operations, or FFO, of $2.05 per share for the second quarter of 2024, inclusive of $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $1.43 per share for the same period in 2023. The Company is increasing its 2024 earnings guidance range for the year ending December 31, 2024
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has signed retail leases totaling 66,014 square feet since the end of the first quarter of 2024 and has reached full retail occupancy at One Madison Avenue. "One Madison Avenue epitomizes what a new office development should be to appeal to a new age workforce. Our goal was to curate an array of high-quality hospitality and lifestyle tenants to provide elevated live-work-play experiences for our tenants and the vibrant Flatiron neighborhood," said Brett Herschenfeld, Executive Vice President, Retail and Opportunistic Investments at SL Green. "Our stron
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has closed on the sale of three properties totaling $691.4 million, including 625 Madison Avenue, 719 Seventh Avenue and the Palisades Premier Conference Center, which generated net proceeds to the Company of $222.7 million that was used for corporate debt repayment. "As we enter the second half of the year with an improving market backdrop, we have made meaningful progress in achieving our ambitious business goals for 2024, as evidenced by the execution of these strategic transactions," said Brett Herschenfeld, Executive Vice President, Retail & Oppor
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, resulted in an extraordinary residential experience for buyers who understood the rarity of this New York City offering," said SL Green Chief Investment Officer Harrison Sitomer. "We're proud
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it signed leases totaling 420,513 square feet during the second quarter of 2024 and leases totaling an additional 367,401 square feet in July to date. This increases the total office leases signed year-to-date to 1,421,574 square feet, while maintaining a pipeline of approximately 1.2 million square feet. Notable leases signed since the first quarter include: Ares Management, a leading global investment manager, signed a 15-year, 307,336 square foot lease covering floors 37-44 at 245 Park Avenue, which included a 175,587 square foot renewal and 131,7
NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the second quarter of 2024 on Wednesday, July 17, 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, July 18, 2024 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 wil
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 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 p
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
DEFA14A - SL GREEN REALTY CORP (0001040971) (Filer)
ARS - SL GREEN REALTY CORP (0001040971) (Filer)
DEFA14A - SL GREEN REALTY CORP (0001040971) (Filer)
DEF 14A - SL GREEN REALTY CORP (0001040971) (Filer)
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
S-3ASR - SL GREEN REALTY CORP (0001040971) (Filer)
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
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, 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, Aug. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), New York City's largest office landlord, today announced that Matt DiLiberto, Chief Financial Officer, Harrison Sitomer, Chief Investment Officer and Steven Durels, Executive Vice President and Director of Leasing and Real Property, of SL Green, will participate in a roundtable discussion at the BofA Securities 2024 Global Real Estate Conference on Wednesday, September 11, 2024 at 1:30 PM ET. The roundtable discussion will be webcast. The live audio-webcast can be accessed in listen-only mode and a copy of the presentation materials will be available prior to the webcast in the Investors' section of the SL Gre
NEW YORK, Aug. 19, 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 September 16, 2024 to shareholders of record at the close of business on August 30, 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
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, which the joint venture fixed at 6.77% through the maturity date. "This extension further emphasizes our strong relationships with the lending community and the confidence lenders have in f
NEW YORK, July 22, 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 August 15, 2024 to shareholders of record at the close of business on July 31, 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 June
Financial and Operating Highlights Net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024 as compared to net loss of $5.63 per share for the same period in 2023.Funds from operations, or FFO, of $2.05 per share for the second quarter of 2024, inclusive of $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $1.43 per share for the same period in 2023. The Company is increasing its 2024 earnings guidance range for the year ending December 31, 2024
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has signed retail leases totaling 66,014 square feet since the end of the first quarter of 2024 and has reached full retail occupancy at One Madison Avenue. "One Madison Avenue epitomizes what a new office development should be to appeal to a new age workforce. Our goal was to curate an array of high-quality hospitality and lifestyle tenants to provide elevated live-work-play experiences for our tenants and the vibrant Flatiron neighborhood," said Brett Herschenfeld, Executive Vice President, Retail and Opportunistic Investments at SL Green. "Our stron
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has closed on the sale of three properties totaling $691.4 million, including 625 Madison Avenue, 719 Seventh Avenue and the Palisades Premier Conference Center, which generated net proceeds to the Company of $222.7 million that was used for corporate debt repayment. "As we enter the second half of the year with an improving market backdrop, we have made meaningful progress in achieving our ambitious business goals for 2024, as evidenced by the execution of these strategic transactions," said Brett Herschenfeld, Executive Vice President, Retail & Oppor
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, resulted in an extraordinary residential experience for buyers who understood the rarity of this New York City offering," said SL Green Chief Investment Officer Harrison Sitomer. "We're proud
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it signed leases totaling 420,513 square feet during the second quarter of 2024 and leases totaling an additional 367,401 square feet in July to date. This increases the total office leases signed year-to-date to 1,421,574 square feet, while maintaining a pipeline of approximately 1.2 million square feet. Notable leases signed since the first quarter include: Ares Management, a leading global investment manager, signed a 15-year, 307,336 square foot lease covering floors 37-44 at 245 Park Avenue, which included a 175,587 square foot renewal and 131,7
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
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
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
Compass Point initiated coverage of SL Green Realty with a rating of Sell and set a new price target of $27.00
BMO Capital Markets downgraded SL Green Realty from Outperform to Market Perform and set a new price target of $35.00 from $32.00 previously
Piper Sandler upgraded SL Green Realty from Neutral to Overweight and set a new price target of $41.00 from $27.00 previously
BTIG Research reiterated coverage of SL Green Realty with a rating of Buy and set a new price target of $70.00 from $84.00 previously
Piper Sandler analyst Alexander Goldfarb maintains SL Green Realty (NYSE:SLG) with a Overweight and raises the price target from $58 to $75.
7 analysts have expressed a variety of opinions on SL Green Realty (NYSE:SLG) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 3 1 Last 30D 0 0 1 0 0 1M Ago 0 0 2 1 0 2M Ago 0 0 0 0 1 3M Ago 0 0 0 2 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $47.71, a high estimate of $55.00, and a low estimate of $37.00. Surpassing the
Truist Securities analyst Michael Lewis maintains SL Green Realty (NYSE:SLG) with a Hold and raises the price target from $47 to $55.
It’s another risk-off day on Wall Street, with all major U.S. indices trading in the red. The CBOE Volatility Index (VIX), often referred to as the market’s fear gauge, spiked over 10%, reaching levels last seen in late April. Both the S&P 500 and the Nasdaq 100 indices declined by 0.6%, while the Dow Jones Industrial Average fell 0.7%, potentially ending a streak of six consecutive positive sessions. Small-cap stocks also succumbed to the broader negative sentiment, with the Russell 2000 index dropping 0.7%. Chicago Fed President Austan Goolsbee, a known “dove” on the board, expressed optimism about progress on inflation and the U.S. economy’s resilience in avoiding a recession. He
Beaten-down stocks could make a comeback on Thursday, with Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) strong quarterly report lifting sentiment toward tech stocks. The major U.S. index futures were mixed ahead of the trading session. A few Fed speeches scheduled for the day, and key economic data, including jobless claims, the results of a regional manufacturing survey, and leading economic index may influence trading direction. Traders may also pay attention to the European Central Bank’s rate decision and its monetary policy outlook. FuturesPerformance (+/-)Nasdaq 100+0.40%S&P 500+0.15%Dow-0.13%R2K-0.03% In premarket trading on Thursday, the SPDR S&P 500 ETF Trus
SL Green Realty (NYSE:SLG) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.13) by 69.23 percent. The company reported quarterly sales of $222.82 million which beat the analyst consensus estimate of $149.28 million by 49.26 percent. This is a 34.51 percent increase over sales of $165.65 million the same period last year.
It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China. Bloomberg reported on Wednesday that the U.S. administration has advised its allies to impose the strictest trade restrictions possible if companies such as Tokyo Electron Ltd. (OTCPK: TOELY) and ASML Holding NV (NASDAQ:ASML) persist in supplying advanced chips to China. Shares of the Dutch chipmaker ASML Holding fell nearly 12%, notching the worst decline since March 2020. The tech-heavy Nasdaq 100 tumbled by 2.7% at 12:45 p.m. ET, marking the worst session since late August 2023.
The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the real estate mortgage market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending July 12, 2024, down from 7% the prior week, as reported by the Mortgage Bankers Association Wednesday. This decline represents the most significant drop in borrowing costs in around four months and the lowest rate since early March. Fed Rate Cut Bets, Lower Treasury Yields Push Mortgage Rates Down The reduction was largely propelled by rising expectations on Fed rate cuts and the fall i