51.77 0.00 (0.00%)
After hours: 5:15PM EDT
Triple Moving Average Crossover
|Bid||50.00 x 800|
|Ask||55.00 x 900|
|Day's Range||49.29 - 52.60|
|52 Week Range||35.16 - 96.39|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||24.42|
|Earnings Date||Jul 15, 2020 - Jul 20, 2020|
|Forward Dividend & Yield||3.54 (6.92%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||60.27|
(Bloomberg) -- Investors are betting that the worst may be over for New York City landlords.SL Green Realty Corp. and Vornado Realty Trust, two of the city’s most prominent building owners, have surged in recent days even as the city, inching toward reopening from the pandemic shutdown, grapples with unrest that’s damaged Midtown retailers.SL Green, which is building a new tower near Grand Central Terminal, jumped as much as 8.2% to $51.23 on Wednesday, touching the highest level in more than a month. The company said earlier this week it had collected 85% of its rent for May and restarted stock buybacks.Vornado, which is spending more than $2 billion to redevelop the area around Pennsylvania Station with new offices and retail space, also jumped on Wednesday, hitting the highest intraday level since May 1.Manhattan faces a long recovery as companies grapple with anxiety about workers commuting on public transportation to packed office buildings, but investors are taking an optimistic approach, according to Jeffrey Langbaum, an analyst at Bloomberg Intelligence. Both stocks have been hammered this year as New York was battered by the pandemic.“The market is buying into it because people are hesitant to bet on the alternative, which is really ugly,” he said. “For now, the market is looking past however long and deep this downturn lasts, and willing to bet on an eventual recovery.”Vornado jumped as much as 5.8% to $41.81 on Wednesday. This would be the third straight day of gains for Vornado, which was down 41% this year through Tuesday’s close.SL Green has also rallied each day this week so far. Its shares were down more than 40% in 2020 through Tuesday.The S&P 500 had dropped 4.6% this year through Tuesday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
SL Green (SLG) achieves its aim to bolster liquidity position to $1 billion, a month ahead of the schedule. Moreover, overall May rent collections totaled 84.7%.
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, has provided an update on recent activities and progress on key initiatives.
The real estate sector includes companies that own, develop, and manage residential, commercial, and industrial properties. Each of these three real estate segments includes publicly traded real estate investment trusts (REITs).
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly dividend of $0.295 per share of common stock. The dividend is payable on June 15, 2020 to shareholders of record at the close of business on May 29, 2020.
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that due to the continuing public health impact of the coronavirus (COVID-19) pandemic, its 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been postponed and the location of the Annual Meeting has been changed. The Annual Meeting, originally scheduled to be held on May 28, 2020 will now be held on June 1, 2020 at 10:00 a.m., Eastern Time, solely by means of remote communication in a virtual meeting format. The Annual Meeting will be available at www.virtualshareholdermeeting.com/SLG2020. Stockholders will not be able to attend the Annual Meeting physically.
Food1st, the non-profit foundation launched last month to address the ongoing food crisis in New York City, today announced that it has expanded its network of restaurant partners to increase the capacity to deliver meals to frontline workers fighting the COVID-19 pandemic and other food insecure New Yorkers.
Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Realty Majors Portfolio Index (RMP), International Realty Majors Portfolio Index (IRP) and Global Realty Majors Portfolio Index (GRM), effective as of the close of business on May 22, 2020.
The Food and Drug Administration’s decision to crack down on a loose set of regulatory requirements for antibody tests follows concerns about test validity and fraud.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that it has sold a 49.5% interest in One Madison Avenue to the National Pension Service of Korea ("NPS") and Hines Interest LP ("Hines"). NPS and Hines have committed aggregate equity to the project totaling no less than $492.2 million. SL Green Realty Corp. and Hines will co-develop the $2.3 billion project, which will span 1.4 million rentable square feet upon completion.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced it has entered into a contract to sell its recently repositioned 609 Fifth Avenue retail condominium for $168.0 million to an affiliate of the Reuben Brothers. The transaction is scheduled to close in the second quarter of 2020, subject to satisfaction of various closing conditions.
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / SL Green Realty Corp. (NYSE:SLG) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 2:00 PM ...
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that it has received a 2020 ENERGY STAR Partner of the Year Sustained Excellence Award for the third consecutive year. This award honors organizations that display continued leadership in adopting innovative energy-management practices. Less than 1% of 16,000 U.S. Environmental Protection Agency (EPA) partners achieve the Sustained Excellence distinction.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced the formation and launch of "Food1st", a non-profit foundation to be organized as a 501(c)(3), to deliver thousands of meals daily to front-line, first responders and medical personnel, elderly New Yorkers and food insecure families. In addition to addressing the increasing demand for food assistance across New York City, Food1st will also help revitalize New York City’s food and beverage industry by re-activating restaurant kitchens, to serve the City and bring restaurant staff safely back to work. SL Green has contributed $1 million as a down-payment to the independent organization in the hope that other companies, organizations and individuals will join the effort to address this crisis.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced the Company has signed 12 leases totaling 107,325 square feet of office space in the first three weeks of Q2 2020. This includes 34,013 square feet at One Vanderbilt Avenue, bringing the skyline-defining tower to more than 67 percent leased. To date, the company has leased 423,479 square feet in 2020.