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 ...

文章核心观点 - SL Green Realty Corp.的优先股正在显示出严重的财务压力,交易价格远低于清算优先权价值,而且由于曼哈顿市场租金大幅下降,其收入也受到了很大压力 [1][2][3] - 公司目前仍在支付股息,但面临着巨大的危险,因为重新开发的范围可能不大,成本也可能与全新开发的成本相似 [1][2][3] - 公司正处于一个危险的阶段,只有一小部分资产可能从债权人的信任和住宅市场的大幅升值中获益,这是一个重大的纽约押注 [2][3] 根据目录分别总结 租赁到期情况 - 未来10年左右,每年都会有大量租约到期,需要续租或重新签约,租金必然会下降 [4][5][6] - 取代空置的新租户明显获得了很强的议价能力,租金大幅下降 [6] 可用办公空间 - 2019年时可用空间有所下降,但现在正在增加,反映出办公市场供给过剩,公司深受其害 [7] 财务状况 - 公司收入和利润正受到很大压力,优先股股息可能难以维持 [8][9][10][11] - 利息支出可能会上升,因为20%的债务将于2024年到期,需要重新融资 [9] - 公司正依赖于债权人的支持,才能维持经营和股息支付 [22][23][24] 重新开发计划 - 公司计划将约10-20%的办公物业改建为住宅,以获得更高的租金收益 [17][18][19] - 改建成本较高,但可能带来不错的投资回报,有助于缓解公司的财务压力 [16][19] - 改建计划标志着公司的一种妥协,但如果顺利实施,可能会大幅改善公司的处境 [18][20] 风险因素 - 2025年还有大量债务到期,利息支出将继续上升 [21] - 如果公司无法渡过难关,其资产抛售可能会对整个纽约商业地产市场造成连锁反应 [23][24] - 优先股相比普通股有一定的保护,但仍存在较大的下行风险 [25][26][27]

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 ...