|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||89.87 - 91.33|
|52 Week Range||89.46 - 106.54|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||25.86|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||3.40 (3.77%)|
|1y Target Est||107.68|
NEW YORK, Dec. 07, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
SL Green's (SLG) recapitalization of the property comes as part of its value-add capital program, which aims at restoring the property, and boosting tenant roster and occupancy.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
SL Green Realty (SLG) is witnessing decent demand for space at One Vanderbilt. With TD Securities' recent lease for 118,872 square feet of space, the office part of One Vanderbilt is now 52% leased.
SL Green Realty (SLG) plans to use its 218,000-square-foot available development rights to increase its office tower -- One Madison Avenue -- rentable square footage to around 1.5 million square feet.
With higher investment in 245 Park Avenue, SL Green Realty (SLG) will serve as the building's property manager. Further, it dedicates additional $500 million in its share repurchase program.
SL Green Realty Corp. (SLG), New York City’s largest office landlord, today announced that it has secured $150 million of first mortgage financing for 2 Herald Square, and sold a 49% partnership interest to an Israeli institutional investor. The recapitalization is the first step of a value-add capital program that will restore iconic status to this best-in-class building located on one of the most prominent corners in New York.
SL Green Realty Corp. (SLG), New York City’s largest office landlord, today detailed sweeping redevelopment plans for One Madison Avenue, the Class-A office tower next to Madison Square Park. A Kohn Pedersen Fox addition on top of a nine-story redeveloped podium will add modern office space, tenant specialty floors and over one acre of outdoor terraces, with design harmonious with the surrounding Madison Square district, complementing the Park by incorporating significant softscape features.
SL Green Realty Corp. (SLG), New York City’s largest office landlord, today announced that it has entered into a contract to purchase a majority and controlling interest in 460 West 34th Street, in Manhattan. After taking into account earlier structured investments made through SL Green’s Debt and Preferred Equity platform, SL Green’s blended average basis in the property will be $528 per square foot .The transaction is expected to close in the first half of 2019, subject to customary closing conditions. The property is located along the full block front of 10th Avenue between 33rd and 34th Streets in the heart of the Hudson Yards submarket and directly across the street from the new Manhattan West development projects.
TD Securities, a leading investment banking group that provides a wide range of capital markets products and services, has signed a 20-year lease for 119,000 square feet occupying two and a half podium floors in the base of the building. The financial firm will also lease an additional 52,450 square feet at SL Green’s 125 Park Avenue.
SL Green Realty Corp. (SLG), New York City’s largest office landlord, today announced that TD Securities, a leading investment bank and financial services provider, signed leases totaling 171,322 square feet in two SL Green owned office buildings. TD Securities will take 118,872 square feet on the entire 10th and 12th floors plus a portion of the 11th floor, joining its affiliate TD Bank, which previously committed to 193,159 square-feet of office space at One Vanderbilt Avenue.
SL Green Realty's (SLG) 31-story building in Lower Manhattan will offer nearly 209 rental units, two floors of flagship retail at the building's base and three floors of commercial space.
SL Green Realty Corp., New York’s largest office building owner, is making its biggest investment in the booming Hudson Yards area by acquiring a 91-year-old building in a deal that values the property at $440 million. The real-estate investment trust is buying a majority stake in the 21-story building at 460 W. 34th St. from the Kaufman Organization, which is holding on to a minority interest. The building, formerly known as the Master Printers Building, is across the street from the modern glass and steel towers rising in the sweeping Hudson Yards development from Related Cos. on what used to be 26 acres of windswept rail yards.
SL Green's (SLG) recent dividend hike highlights its commitment to boost shareholder value. Yet, a highly leveraged capital structure raises concerns relating to sustainability of the new dividend.
SL Green Realty Corp. said Friday it has added $500 million to its stock repurchase program, to bring the total authorization to $2.5 billion. The real estate investment trust and office landlord said it has bought back 18,087,322 shares under the program, which at Thursday's closing price of $93.82 would be valued at about $1.7 billion. That implies there is about $803.05 million remaining in its program, which could represent about 8.56 million shares, or about 10% of the shares outstanding. "The expansion of our stock repurchase program is in response to the significant discrepancy that persists between our share price and the underlying value of our assets," said Chief Executive Marc Holliday. The stock, which is still inactive in premarket trade, has dropped 9.8% over the past three months, while the SPDR Real Estate Select Sector ETF has slipped 0.6% and the S&P 500 has lost 5.6%.
SL Green Realty Corp. (SLG), New York City’s largest office landlord, today announced that the Company’s Board of Directors has authorized an increase to the size of its share repurchase program by an additional $500 million of the Company’s common stock, bringing the program to a total of $2.5 billion. To date, the Company has repurchased 18,087,322 shares under the program. In addition, the Company has redeemed 445,517 units of the Company’s Operating Partnership in connection with real estate transactions.
Completion of demolition, acquisition of additional development rights and closing of construction financing paves way for vertical construction in Q1 2019. Through this transaction, SL Green also obtained a light and air easement and cantilever right over 189 Broadway for the purpose of permitting lot line windows and maximizing efficient residential floor plates. 2.) SL Green recently closed on $225.0 million of construction financing for 185 Broadway with United Overseas Bank Limited and Helaba.
HNA last year paid a near-record $2.21 billion for the property. SL Green modified an initial preferred-equity deal it made in June, making its investment in the tower $148.2 million. “Aside from us running the day-to-day, we’re going to provide as much strategic guidance as we can in order to maximize value of the asset for HNA because it’s something that they don’t do,” said Isaac Zion, SL Green’s co-chief investment officer, referring to the building’s leasing and operations.
SL Green Realty Corp., New York City’s largest office landlord, today announced that it has completed the second phase of its preferred equity investment in 245 Park Avenue. SL Green made its initial investment in 245 Park Avenue during the second quarter of 2018, and as part of the recent closing, the investment now totals $148.2 million. In connection with this modification, SL Green will serve as the building’s property manager, overseeing all leasing and operations.
SL Green Realty Corp. (SLG), New York City’s largest commercial property owner, today reported that its board of directors has increased the Company’s quarterly dividend by 4.6 percent, to $0.85 per share on its common stock and OP units, resulting in a new annual dividend of $3.40 per share. The fourth quarter dividend is payable on January 15, 2019 to shareholders of record at the close of business on January 2, 2019. “SL Green continues to reward shareholders with an attractive dividend increase for the eighth consecutive year,” said Matt DiLiberto, Chief Financial Officer at SL Green.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the first 6 weeks of the fourth quarter we observed increased volatility and small-cap stocks underperformed […]
SL Green Realty (SLG) is monetizing non-core assets to fund its share-buyback program and development projects. However, rising supply of office space in the company's markets will impact rent growth.
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding SLG totaled $5.79 billion.