|Bid||26.93 x 800|
|Ask||27.15 x 900|
|Day's Range||26.35 - 27.03|
|52 Week Range||19.06 - 51.69|
|Beta (5Y Monthly)||1.47|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 18, 2023 - Jul 24, 2023|
|Forward Dividend & Yield||3.25 (12.24%)|
|Ex-Dividend Date||May 30, 2023|
|1y Target Est||30.33|
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Despite a choppy environment in the office real estate market, the latest signings reflect the decent demand for SL Green's (SLG) high-quality properties.
Year-to-Date Office Leasing Exceeds 800,000 Square FeetNEW YORK, June 05, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, today announced that it has signed 31 office leases covering 299,137 square feet to date in the second quarter, increasing 2023 office leasing volume to 803,819 square feet, while maintaining an office leasing pipeline in excess of 1.0 million square feet. Notable recent leasing transactions include: One of the world’s larg
Outfront Media (OUT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
As the housing market enters a period of potential turmoil, it’s time to consider the smartest commercial real estate stocks to sell. Commercial real estate stocks are facing a combination of multiple factors that threaten the sector. That pressure poses the risk of leading to a collapse. Even absent a collapse, a substantial decline in price is highly likely. Interest rates remain high and the Fed has signaled that it may again raise rates further. Work-from-home trends continue to be an issue.
LyondellBasell Industries (LYB), AAON (AAON), SL Green Realty (SLG) and Advanced Drainage Systems (WMS) recently hiked dividends.
Credit ratings firm Moody's Investors Service placed office REIT SL Green on review for a credit downgrade Monday. A ratings cut would increase borrowing costs investors charge the company to issue bonds, a key lever REITs use to boost returns on their real estate investments. Moody's said it may downgrade SL Green's BA1 rating, citing its high debt level, much of which it attributed to the $2 billion purchase of Manhattan office property 245 Park.
One of the most out-of-favor sectors right now is the office real estate investment trust (REIT) sector. Fears of impending losses in commercial real estate mortgages linked to office properties have added to the worries surrounding the regional banks. One of the companies hardest hit by the office problem is SL Green Realty (NYSE: SLG), whose share prices have fallen enough to create a 14.6% dividend yield.
NEW YORK, May 18, 2023 (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 $0.2708 per share of common stock. The dividend is payable in cash on June 15, 2023 to shareholders of record at the close of business on May 31, 2023. About SL Green Realty Corp. SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REI
As the Centers for Disease Control and Prevention (CDC) cites May 11, 2023, as the end of the federal COVID-19 Public Health Emergency and the World Health Organization (WHO) declares the virus to no longer be a global health emergency, it’s easy to forget that it was only a little over three years ago that the world was turned upside down by the emerging pandemic. The impact on the U.S. stock market was tremendous, and many real estate investment trusts (REITs), especially those in the office s
Although the next round of key inflation reports could change their tune, Federal Reserve officials for now remain adamant about raising interest rates to curb inflation. In fact, if they do it’s important to stay away from the worst dividend stocks for rising rates. Sure, plenty of contrarian investors believe that the Fed is on the verge of “pivoting” on interest rates. First, by easing on rate hikes. Then, by lowering rates back down. However, it’s not for certain whether the Fed will pivot,
Investors seeking financial stability often turn to monthly dividend stocks to generate passive income. This article explores the best monthly dividend stocks for 2023 and explains their benefits, including long-term capital appreciation. These stocks offer a steadier flow of income, which benefits retirement-age investors who prefer frequent distributions. They also generally provide a significant income stream. A select group of monthly dividend stocks pays dividends at a rate of 10% or higher
Cousins Properties (CUZ) reports better-than-expected Q1 results, aided by healthy leasing activity and y/y growth in net rent per square foot. The company raises its 2023 FFO per share outlook.
NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, together with an institutional investor advised by J.P. Morgan Global Alternatives, today announced that the partnership has completed the refinancing of 919 Third Avenue, a premier 1.5 million square foot Class A office building located in Midtown Manhattan. The new $500.0 million mortgage loan bears interest at a rate of 250 basis points over Term SOFR, which the partnership has
Highwoods' (HIW) Q1 results reflect a year-over-year increase in the top line on rent growth. However, a fall in occupancy and higher operating expenses act as dampeners.
Q1 2023 SL Green Realty Corp Earnings Call
SL Green's (SLG) Q1 earnings outshine estimates on better-than-anticipated revenues. However, the occupancy in the company's Manhattan same-store office portfolio falls year over year.
Hopes that workplaces will fill up are fading and turning empty workplaces into new homes is getting more serious attention.
SL Green (SLG) delivered FFO and revenue surprises of 7.75% and 9.44%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Financial and Operating Highlights Net loss attributable to common stockholders of $0.63 per share for the first quarter of 2023, net of $78.5 million, or $1.14 per share, of depreciation and amortization, as compared to net income of $0.11 per share for the same period in 2022. Reported funds from operations, or FFO, of $1.53 per share for the first quarter of 2023, net of $6.9 million, or $0.10 per share, of reserves on one debt and preferred equity investment, as compared to $1.65 per share f
The weeks when earnings reports are announced can often be quite volatile, as Wall Street tends to react strongly to earnings beats or misses. What could be worse than waking up to find your largest portfolio position down 5% because it missed the consensus estimate on earnings and/or revenue? Conversely, a strong earnings report can boost a stock price higher for several days. This week marks the beginning of first-quarter earnings for real estate investment trusts (REITs), and there are key st
SL Green Realty (SLG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
SL Green (SLG) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might help the stock continue moving higher in the near term.
Oxford Industries, BRP, MidAmerica Apartment Communities and SL Green Realty are included in this Analyst Blog.