SL Green Realty Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york, april 19, 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 may 15, 2024 to shareholders of record at the close of business on april 30, 2024.

Financial and operating highlights net income attributable to common stockholders of $0.20 per share for the first quarter of 2024 as compared to net loss of $0.63 per share for the same period in 2023 . f unds from operations, or ffo, of $3.07 per share for the first quarter of 2024, inclusive of $141.7 million, or $2.02 per share, of gain on discounted debt extinguishment at 2 herald square and $5.1 million, or $0.07 per share, of positive non-cash fair value adjustments on a mark-to-market derivative.

Contracts to sell 719 seventh avenue and palisades premier conference center and acquire joint venture interest in 10 e 53rd street contracts to sell 719 seventh avenue and palisades premier conference center and acquire joint venture interest in 10 e 53rd street

New york, april 17, 2024 (globe newswire) -- sl green realty corp. (nyse: slg) and vornado realty trust (nyse: vno) modified and extended the $125.0 million mezzanine loan on 280 park avenue and subsequently repaid the loan for $62.5 million.

New york, april 17, 2024 (globe newswire) -- sl green realty corp. (nyse: slg) and vornado realty trust (nyse: vno) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 park avenue. the modification extended the maturity date to september 2026, with the partnership's option to extend to a fully extended maturity date of september 2028. the interest rate was maintained through the fully extended maturity date at 1.78% over term sofr.

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SL Green Realty chairman and CEO Marc Holliday joins 'Squawk Box' to discuss the state of the commercial real estate market, impact of employees returning to office, office space demand, impact of elevated interest rates, and more.

SL Green announced strong first quarter results, with a focus on debt extinguishment gains. The company has a track record of successfully rehabilitating buildings and selling interests for profit. SL Green is converting office space to residential units. This moves the space from an oversupplied area to an undersupplied area.

SL Green Realty Corp. (NYSE:SLG ) Q1 2024 Earnings Conference Call April 18, 2024 2:00 PM ET Company Participants Marc Holliday - Interim President, Chairman & CEO Matthew DiLiberto - CFO Steven Durels - EVP & Director, Leasing & Real Property Harrison Sitomer - CIO Conference Call Participants Alexander Goldfarb - Piper Sandler John Kim - BMO Capital Markets William Catherwood - BTIG Ronald Kamdem - Morgan Stanley Michael Griffin - Citigroup Camille Bonnel - Bank of America Omotayo Okusanya - Deutsche Bank Peter Abramowitz - Jefferies Stephen Sakwa - Evercore ISI Caitlin Burrows - Goldman Sachs Group Blaine Heck - Wells Fargo Securities Operator Thank you everybody for joining us and welcome to the SL Green Realty Corp...

SL Green Realty continues to navigate one of the most challenging office markets in modern history. SLG reported strong first quarter earnings, with increased FFO guidance and positive momentum in leasing and investment activity. Management's proactive approach over the past four years has resulted in success for shareholders as SLG reemerges from a chaotic period.

SL Green's (SLG) Q1 FFO outshines estimates. However, rental revenues and the occupancy in Manhattan's same-store office portfolio fall year over year.

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

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SL Green (SLG) came out with quarterly funds from operations (FFO) of $3.07 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to FFO of $1.53 per share a year ago.