SL Green Realty

SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt & Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt & Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

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SL Green Realty reports robust Q4 performance and eyes market opportunities

SL Green Realty's Q4 2022 performance showcased strong leasing activity, asset monetization, and strategic positioning amidst market challenges and opportunities.
The company's focus on transformative developments, robust leasing pipeline, and readiness to capitalize on distressed opportunities highlight its resilience and growth potential.
Management's proactive approach to addressing challenges, leveraging strengths, and pursuing growth opportunities positions SL Green Realty for continued success in 2023 and beyond.
Overall, SL Green Realty's earnings call highlighted a strategic roadmap for maximizing shareholder value, navigating market dynamics, and driving sustainable growth.

SL Green Realty surpasses Q1 expectations amidst market skepticism

SL Green Realty's Q1 performance exceeded expectations with strong leasing activity and NOI growth. Despite challenges in investor recognition and market sentiment, the company remains confident in its strategic plans. Opportunities lie in NYC office sector recovery and tech sector growth.

SL Green Realty excels in Q2, eyes market opportunities

SL Green Realty's Q2 2023 performance reflects resilience and progress amidst market challenges. Management's confidence in leasing prospects, business plan, and ability to create value for shareholders is evident. The company's strategic focus on asset dispositions, debt repayment, and maintaining high occupancy levels positions it well for future growth.

SL Green Realty Corp. reports strong Q3 performance amidst occupancy challenges

SL Green Realty Corp. demonstrated resilience and strategic focus in Q3 2023, leveraging achievements in construction, acquisitions, and occupancy improvements.
While facing challenges in occupancy pickup and lease closures, the company remains committed to debt reduction, dividend maintenance, and exploring growth opportunities.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, SL Green Realty Corp. aims to navigate market dynamics and drive sustainable growth in the real estate sector.

SL Green Realty excels in Q4 with NYC deals and debt reduction progress

SL Green Realty's Q4 performance reflects success in retail and office sectors, with progress in debt reduction and fundraising for NYC's recovery. Challenges include debt refinancing and ground lease payments for 2 Herald Square, but opportunities lie in value creation and market exploration.

SL Green Realty reports robust Q1 performance and strategic growth plans

SL Green Realty's Q1 performance reflects strong leasing activity and strategic initiatives to drive growth, despite facing challenges related to debt refinancing and lease management.
The company's strengths lie in its proactive real estate investments, financial stability, and positive outlook, with opportunities to capitalize on market dynamics and drive revenue growth.
Overall, SL Green Realty's performance, strengths, and opportunities outweigh the challenges, positioning the company for continued success and positive future performance.

SL Green Realty Corp excels in Q2 2024, eyes growth opportunities

SL Green Realty Corp's Q2 2024 earnings call reflected a successful quarter with strong performance across various sectors in NYC. The company is well-positioned to capitalize on the city's growth, with a focus on achieving ambitious goals for the year.

SL Green Realty excels in Q3 with strategic investments and leasing momentum

SL Green Realty's Q3 performance reflects a resilient real estate market in New York City, marked by key tenant signings and successful property developments. While challenges exist in evolving market dynamics, the company's strategic investments and optimistic outlook position it well to seize opportunities for growth and expansion.

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SL Green Realty Corp. is a real estate investment trust, which engages in the acquisition, development, ownership, management, and operation of commercial real estate properties and principally office properties. It operates through the Real Estate, and Debt and Preferred Equity Investments segments. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

Healthy demand for premier office properties, a solid tenant base and strategic investments are key upsides for SLG.

SL Green Realty Stock Up 23.6% in 3 Months: Will the Trend Last?

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Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Community Healthcare Trust (CHCT) or SL Green (SLG). But which of these two stocks is more attractive to value investors?

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NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed a 72,515 square foot, 10-year lease with leading hedge fund Verition Group NY, Inc., raising occupancy in the building to 92.5%. Verition will expand its footprint in the building by 34,413 square feet, relocating from the 35th floor to the entire 14th and 15th floors. This transaction increases SL Green's office leases signed year to date to 3,002,971 square feet.

SL Green Inks 72,500 Square-Foot Lease With Verition Group at 245 Park Avenue

Manhattan is doing better now, with a bottom found in the market for leases. Redeveloping obsolete properties, potentially converting some to residential, could significantly improve income in our rosy forecasts. Even without it, the better baseline scenario seems to be just about sustainable for the preferred dividend burden, despite incoming interest increases on maturing fixed-rate debt.

SL Green Preferreds: Warranted Improvement In Sentiment, But Low Risk Premium

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Despite expectations of market volatility, indices remain stable and near all-time highs, driven by anticipated Fed rate cuts and potential AI efficiencies. The Dividend Harvesting Portfolio has shown strong performance, with a 26.8% gain on invested capital and significant growth in dividend income. Diversification and reinvestment strategies have led to consistent portfolio growth, with a focus on income-producing investments and sector balance.

Dividend Harvesting Portfolio Week 190: $19,000 Allocated, $1,792.47 In Projected Dividends

NEW YORK, Oct. 21, 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 November 15, 2024 to shareholders of record at the close of business on October 31, 2024.

SL Green Realty Corp. Announces Common Stock Dividend

SL Green is on track to lease over 3 million sq ft. Occupancy is expected to climb to 92.5% by the end of the fiscal year. The stock has more growth potential due to successful building modernizations and new asset management ventures.

SL Green: Break Time As Part Of A Fantastic Year

SL Green Realty Corp. (NYSE:SLG ) Q3 2024 Earnings Conference Call October 17, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and Chief Executive Officer Matthew DiLiberto - Chief Financial Officer Steve Durels - EVP, Director of Leasing and Real Property Harrison Sitomer - Chief Investment Officer Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Griffin - Citi Alexander Goldfarb - Piper Sandler Nick Yulico - Scotia Bank Michael Lewis - Tourist Securities Anthony Paolone - JPMorgan Omotayo Okusanya - Deutsche Bank Jeff Spector - Bank of America Peter Abramowitz - Jefferies Caitlin Burrows - Goldman Sachs Operator Thank you, everybody, for joining us. Welcome to the SL Green Realty Corp's Third Quarter 2024 Earnings Results Conference Call.

SL Green Realty Corp. (SLG) Q3 2024 Earnings Call Transcript

SLG's Q3 FFO misses estimates. Higher interest expenses undermine decent leasing activity and higher rental property revenues.

SL Green's Q3 FFO Lags Estimates, Revenues Improve Y/Y

SL Green Realty's Q3 results were solid with strong leasing activity and cost control, but the stock's valuation now reflects these improvements. Despite initial fears, office occupancy has been better than expected, particularly in Manhattan, with significant renewals like Bloomberg's 11-year lease. SLG's balance sheet remains debt-heavy, making the stock volatile, but recent refinancing and property openings have improved its positioning.

SL Green: Solid Q3 Results Reduce Melting Ice Cube Fears (Rating Upgrade)

Although the revenue and EPS for SL Green (SLG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, SL Green (SLG) Q3 Earnings: A Look at Key Metrics

SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.13 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to FFO of $1.27 per share a year ago.

SL Green (SLG) Lags Q3 FFO Estimates

Financial and Operating Highlights Net loss attributable to common stockholders of $0.21 per share for the third quarter of 2024 as compared to net loss of $0.38 per share for the same period in 2023 . F unds from operations ("FFO") of $1.13 per share for the third quarter of 2024, which was reduced by $9.0 million, or $0.13 per share, of non-recurring, non-cash fair value adjustments on mark-to-market derivatives.

SL Green Realty Corp. Reports Third Quarter 2024 EPS of ($0.21) Per Share; and FFO of $1.13 Per Share

Company Expects Office Leasing to Exceed 3.3 Million Square Feet in 2024 Company Expects Office Leasing to Exceed 3.3 Million Square Feet in 2024

SL Green Signs 925,000 Square Foot Renewal and Expansion Lease With Bloomberg, L.P. at 919 Third Avenue

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3 Top-Rated Stocks to Watch as Earnings Approach: ABT, EFX, SLG

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REIT investors must pay close attention to real estate trends. The office sector remains a mess and likely will for a long time to come. Multifamily is suffering temporarily, but 2025 could be a lot better.

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SLG to gain from high demand for top-quality office properties, diverse tenant base and strategic portfolio allocation. High supply and concentration risk ail.

Here's Why You Should Retain SL Green Stock in Your Portfolio Now

Besides Wall Street's top -and-bottom-line estimates for SL Green (SLG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

SL Green (SLG) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

Healthy demand for SLG's premier office spaces, a solid tenant base and opportunistic investments bode well for long-term growth.

Here's Why SL Green Stock is an Apt Portfolio Pick for Now

SL Green (SLG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About SL Green (SLG) Rating Upgrade to Buy

Does SL Green (SLG) have what it takes to be a top stock pick for momentum investors? Let's find out.

SL Green (SLG) is a Great Momentum Stock: Should You Buy?

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As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times.

Raise Cash And Sell Trash

SLG has reach my estimated intrinsic value of between $70-$80 a share. Having returned to a normal valuation, the company needs a concrete plan to reverse years-long revenue and FFO declines. I can see a path to increasing revenue and FFO substantially as the Manhattan office market recovers from the pandemic.

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News for SL Green Realty Stock (SLG)