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SL Green Realty Corp.
SLGReal EstateNYSEUS
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SLG's $312.2M sale of 10 East 53rd Street advances its 2026 disposition goal and is likely to generate nearly $100M for debt repayment.
NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has sold 10 East 53rd Street for total consideration of $312.2 million to Meadow Partners, a vertically integrated real estate investment manager specializing in global middle-market transactions. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the company of approximately $100.0 million that will be used for corporate debt repayment.
Demolition of the old Brooks Brothers building at 346 Madison Ave. and of next-door 11 E.
SLG teams up with Mori Building for 346 Madison Avenue, cutting equity exposure while advancing the 850,000-square-foot East Midtown tower.
NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has closed on the sale of a 49.0% joint venture interest in the development of 346 Madison Avenue to Mori Building Co., Ltd., Japan's leading urban landscape developer, at a gross valuation of $175.0 million.
SL Green Realty Corp. saw significant occupancy and leasing gains in the first quarter as FFO declined, and rising U.S. Treasury yields look set to form a headwind for REITs. SLG's Manhattan same-store occupancy rose to 94.4% in the first quarter, with guidance for this to reach 95% by the end of 2026. First quarter FFO fell to $0.84 per share, missing consensus and down from $1.43 in the year-ago comp.
SLG shares climb 13% in three months as record Manhattan leasing, rising occupancy and portfolio moves support momentum.
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it was awarded the 2026 Urban Land Institute Award for Excellence in Development for One Madison Avenue under the “Office Development” category. Through its Awards for Excellence program, ULI New York honors outstanding development projects that exemplify leadership in shaping the built environment, delivering transformative impact in communities while showing that ambitious projects can meet tenant demand and set new marks for achievable rents.
VTR posts Q1 FFO and revenue growth as senior housing demand lifted SHOP results, prompting higher 2026 guidance and a bigger investment plan.
NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has secured the asset management assignment to launch the leasing of 15 Laight Street, a 109,000 square foot, newly constructed boutique office building in Tribeca owned by the Hyundai Motor Group ("HMG").
NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has secured the asset management assignment to launch the leasing of 15 Laight Street, a 109,000 square foot, newly constructed boutique office building in Tribeca owned by the Hyundai Motor Group (“HMG”). In connection with an investment made through an affiliate of SL Green's $1.3 billion debt fund, the Company's third-party asset management platform, Green Property Services, has been engaged by HMG to provide comprehensive leasing and asset management services for the property.
SL Green Realty remains a Buy, with aggressive leasing, a solid portfolio, and risks already reflected in its valuation. SLG achieved record Q1 leasing and strong mark-to-market spreads, and expects same-store occupancy to reach 95% by year-end. A 20% dividend cut frees up ~$50 million for accretive uses, while refinancing efforts reduce borrowing costs and extend maturities.
Not every REIT is a buy, even in a strong sector recovery. Some cheap-looking REITs may be traps, while others already price in too much optimism. Three popular names look far less attractive once you dig into the risks.
SL Green Realty (NYSE: SLG - Get Free Report) and Douglas Emmett (NYSE: DEI - Get Free Report) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership. Institutional and Insider Ownership 90.0% of SL
SL Green Realty Corp. (SLG) Q1 2026 Earnings Call Transcript
SLG's Q1 2026 FFO misses estimates despite a revenue beat and record Manhattan leasing. Shares slide more than 2% after hours.
Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SL Green (SLG) came out with quarterly funds from operations (FFO) of $0.84 per share, missing the Zacks Consensus Estimate of $1.06 per share. This compares to FFO of $1.4 per share a year ago.
Financial and Operating Highlights Net loss attributable to common stockholders of $1.20 per share for the first quarter of 2026 as compared to net loss of $0.30 per share for the same period in 2025. Funds from operations ("FFO") of $0.84 per share for the first quarter of 2026.
The office REIT sector is bifurcating: true moats and prime locations are separating from distressed, obsolete assets. Alexandria Real Estate, Douglas Emmett, Empire State Realty Trust, and Highwoods are highlighted for durable moats and unique competitive advantages. Deep value opportunities exist where market fear has mispriced assets with irreplaceable locations, fortress balance sheets, or unique cash engines.
Aberdeen Group plc trimmed its position in SL Green Realty Corporation (NYSE: SLG) by 89.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,317 shares of the real estate investment trust's stock after selling 259,392 shares during the quarter. Aberdeen Group
High-yield 'mousetrap' REITs consistently underperform, with significant risk of dividend cuts and capital loss, as evidenced by recent 12-month returns lagging VNQ by over 1,000 bps. Dividend Safety scores are critical; REITs rated F face a 40% chance of a cut within 12 months, often resulting in sharp share price declines. Key danger signals include high payout ratios, weak revenues, and heavy debt loads.
SL Green Realty (NYSE: SLG - Get Free Report) and CareTrust REIT (NYSE: CTRE - Get Free Report) are both mid-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, risk, analyst recommendations, earnings, dividends and institutional ownership. Analyst Recommendations This is a summary
SL Green Realty Corp. is proactively conserving cash for refinancing. SLG's business fundamentals remain strong, with increasing occupancy and robust first-quarter progress expected. The market's fear of SLG joining struggling office REITs appears overblown.
SLG secures $1.65 billion refinancing for One Madison Avenue, boosting liquidity and advancing a broader $7 billion 2026 financing plan.
Transaction Marks the Largest US Office CMBS Issuance in the Past 12 Months Transaction Marks the Largest US Office CMBS Issuance in the Past 12 Months
NEW YORK, March 23, 2026 (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 its common stock for 2026 of $2.47 per share. The new dividend level will allow the Company to retain incremental liquidity for investment opportunities, which may include discounted debt extinguishments, share repurchases or ongoing development projects.
JPMorgan Chase and Co. lifted its holdings in SL Green Realty Corporation (NYSE: SLG) by 12.7% in the undefined quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 727,906 shares of the real estate investment trust's stock after purchasing an additional 81,910 shares during the
NEW YORK, March 19, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has refinanced, extended and reduced the overall cost of $2.0 billion of its $2.4 billion corporate credit facility. The existing revolving line of credit component of the facility has been maintained at $1.25 billion, the maturity date has been extended to June 2031, inclusive of as-of-right extension options, and the borrowing cost was reduced by 25 basis points to 125 basis points over SOFR based on the Company's current credit rating.
SL Green has executed small asset sales, but its business model remains opaque and difficult to analyze. Recent divestments represent only 2-3% of the balance sheet, offering limited clarity on underlying financial health. SL Green's income and balance sheets are complex, with a lack of secular growth and persistent operational opacity.
SLG is set to sell 7 Dey Street to GO Residential, keeping office space under its ownership as it draws strong demand.
NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the first quarter of 2026 on Wednesday, April 15, 2026 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, April 16, 2026 at 2:00pm ET to discuss the financial results.
Monetizes Value of Residential and Retail Components While Retaining Office Monetizes Value of Residential and Retail Components While Retaining Office
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SLG fully leases One Madison Avenue after Harvey AI signs a 92,663-sq-ft expansion, capping the project and driving a record Q1 leasing pace.
Marc Holliday, SL Green Realty chairman and CEO, joins 'Squawk Box' to discuss the state of the commercial real estate market, the resurgence of NYC leasing demand, his thoughts on New York City Mayor Zohran Mamdani, state of private credit, and more.
Indexes for US equity real estate investment trusts dropped alongside the broader markets during the first week of March, amid geopolitical concerns between Israel, Iran, and the United States. The Dow Jones Equity All REIT index closed the week down 2.10%, while the S&P 500 and Dow Jones Industrial Average also declined 2.02% and 3.01%, respectively. All Dow Jones US real estate property sector indexes closed the recent week in the red, with the industrial REIT index logging the largest decline, down 4.86%.
Harvey AI's 93,000 square foot expansion cements remarkable success of One Madison, puts Company on track for highest first quarter of leasing in its 28-Year history at more than 900,000 square feet Harvey AI's 93,000 square foot expansion cements remarkable success of One Madison, puts Company on track for highest first quarter of leasing in its 28-Year history at more than 900,000 square feet
