Latest news with #SLGreenRealtyCorp
Yahoo
20-05-2025
- Business
- Yahoo
SL Green Realty Corp. (SLG) Declares a Monthly Dividend on Common Shares
On May 19, SL Green Realty Corp. (NYSE:SLG) declared a monthly dividend of $0.2575 per share, which was in line with its previous dividend. SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust (REIT) and Manhattan's biggest office landlord. The company focuses on acquiring, managing, and enhancing the value of commercial properties across Manhattan. As a REIT, SL Green Realty Corp. (NYSE:SLG) follows a solid dividend policy, making it an appealing choice for income-focused investors. One key advantage is that it distributes dividends every month. In fact, it has consistently paid regular dividends on its common shares since 1997. Most recently, in December 2024, it increased its monthly dividend by 3%. As of March 31, 2025, SL Green Realty Corp. (NYSE:SLG) had ownership stakes in 55 buildings, covering a total of 30.8 million square feet. This portfolio included 27.2 million square feet of property located in Manhattan and an additional 2.8 million square feet tied to its debt and preferred equity investments. Following the latest dividend announcement, the stock is set to trade ex-dividend on May 30. SLG has a dividend yield of 5.29%, as of May 19. The stock has surged by over 11% in the past 12 months. While we acknowledge the potential of SLG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SLG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
SL Green Realty Corp. (SLG) Declares a Monthly Dividend on Common Shares
On May 19, SL Green Realty Corp. (NYSE:SLG) declared a monthly dividend of $0.2575 per share, which was in line with its previous dividend. SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust (REIT) and Manhattan's biggest office landlord. The company focuses on acquiring, managing, and enhancing the value of commercial properties across Manhattan. As a REIT, SL Green Realty Corp. (NYSE:SLG) follows a solid dividend policy, making it an appealing choice for income-focused investors. One key advantage is that it distributes dividends every month. In fact, it has consistently paid regular dividends on its common shares since 1997. Most recently, in December 2024, it increased its monthly dividend by 3%. As of March 31, 2025, SL Green Realty Corp. (NYSE:SLG) had ownership stakes in 55 buildings, covering a total of 30.8 million square feet. This portfolio included 27.2 million square feet of property located in Manhattan and an additional 2.8 million square feet tied to its debt and preferred equity investments. Following the latest dividend announcement, the stock is set to trade ex-dividend on May 30. SLG has a dividend yield of 5.29%, as of May 19. The stock has surged by over 11% in the past 12 months. While we acknowledge the potential of SLG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SLG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
SL Green Realty Corp. Announces Common Stock Dividend
NEW YORK, May 19, 2025 (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 $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share. The dividend is payable in cash on June 16, 2025 to shareholders of record at the close of business on May 30, 2025. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2025, SL Green held interests in 55 buildings totaling 30.8 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Forward Looking Statement This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms. Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise. PRESS CONTACTslgreen@ SLG – DIVError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
SL Green Realty Corp. (SLG): One of the Cheap Dividend Stocks Being Targeted by Short Sellers
We recently published a list of the 25 Cheap Dividend Stocks Being Targeted by Short Sellers. In this article, we are going to take a look at where SL Green Realty Corp. (NYSE:SLG) stands against other cheap dividend stocks. Short sellers — investors who profit from falling stock prices —are seeing a surge in success in 2025. They gained $159 billion in paper profits over just six trading sessions as escalating trade tensions triggered a drop of more than 10% in the US stock market. The sharp market decline, the steepest since 2022, followed President Donald Trump's announcement of broad global tariffs. According to S3 Partners LLC, the most lucrative short position during this period was against the SPY ETF, which tracks the S&P Index. Traders betting against this fund have racked up over $6.1 billion in paper gains so far this month, based on an April 8 report from S3. Short sellers could profit from the sharp intraday market swings that wiped out trillions in value, though their actual gains will depend on when they close their positions. S3 data showed that another $46 billion in new short bets were added in April, raising the risk that these bearish positions could intensify the market's next major move, particularly if the current downturn reverses and pushes major indexes higher. Ihor Dusaniwsky, managing director of predictive analytics at S3, made the following comment: 'Overall, the short side was an extraordinarily profitable trade up and down the market during this correction. 81% of every short trade was profitable and 97% of every dollar shorted was a profitable trade.' Another report from S&P Dow Jones Indices noted that the average short interest in US stocks rose to 87 basis points over the past month. The biggest jumps were observed in the Automobiles sector, which climbed by 11 basis points, followed by a 10 basis-point increase in the Commercial and Professional Services sector, and a 9 basis-point rise in the Food and Beverage sector. Although dividend-paying stocks are generally considered more stable than growth stocks, they have still been subject to short selling throughout history. In their 1998 study Who Trades Around the Ex-Dividend Day?, Jennifer Lynch Koski and John T. Scruggs found unusual trading patterns leading up to the ex-dividend date. They suggested that security dealers might short a stock while it still includes the dividend and then repurchase it after the ex-dividend date if they expect the stock's price drop to be larger than the dividend amount. Similarly, in their research paper Tax-Induced Trading Around Ex-Dividend Days, Josef Lakonishok and Theo Vermaelen observed unusual levels of short selling on and shortly after the ex-dividend date. They found that this activity tends to be more pronounced in stocks offering higher dividend yields. Their findings suggest that short sellers aim to minimize the typical price drop that often follows the ex-dividend date. A wide-angle view of a high-rise office property with the REIT company's logo in the foreground. For this article, we screened for dividend stocks with more than 3% of their float sold short, using data from Yahoo Finance recorded on April 15. From that group, we picked stocks with dividend yields above 3%, as of April 28. Companies offering high dividend yields are often more likely to attract the attention of short sellers. The stocks are ranked in ascending order of their short % of float. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Short % of Float as of April 15: 11.81% Dividend Yield as of April 28: 5.73% SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust company and is the largest office landlord in Manhattan. As of March 31, the company had ownership stakes in 55 properties covering a total of 30.8 million square feet. This portfolio included 27.2 million square feet of Manhattan real estate and 2.8 million square feet tied to debt and preferred equity investments. SL Green Realty Corp. (NYSE:SLG) faced challenges in recent years as the pandemic and shifting trends in work habits continued to pressure the office REIT sector. It reduced its monthly dividend by 13% at the start of 2023, followed by another cut of nearly 8% just before 2024 began. However, in December 2024, it announced a 3% dividend increase — a modest improvement, but a positive sign nonetheless. Although the office market remains somewhat uncertain, it appears that the most difficult period for SL Green may be behind it. In the first quarter of 2025, SL Green Realty Corp. (NYSE:SLG) reported revenue of $163 million, which showed a 15.2% growth from the same period last year. The revenue surpassed analysts' estimates by $5.3 million. The company's same-store cash net operating income — including SL Green's share from unconsolidated joint ventures — rose by 2.4% year over year, excluding income from lease terminations. As of March 31, office occupancy in Manhattan properties stood at 91.8%, including signed leases that had not yet begun, aligning with the company's projections. SL Green Realty Corp. (NYSE:SLG) offers a monthly dividend of $0.2575 per share and has a dividend yield of 5.73%, as of April 28. Overall, SLG ranks 9th on our list of the dividend stocks targeted by short sellers. While we acknowledge the potential of SLG as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than SLG but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
18-04-2025
- Business
- Yahoo
SL Green Realty Corp (SLG) Q1 2025 Earnings Call Highlights: Surpassing Expectations and ...
Earnings: Exceeded Street's expectations and internal projections by a significant margin. Net Operating Income (NOI): Met forecasts. Leasing Results: Well ahead of expectations. Debt-Related Business Profits: Very strong performance. Debt and Preferred Equity (DPE) Investments: Nearly $200 million closed in the past nine months. New Debt Investments Pipeline: Over $1.2 billion actively being negotiated. 500 Park Acquisition: Building brought to 100% occupancy post-acquisition. 100 Park Acquisition: Acquired 50% position, building now 97% leased. SUMMIT One Vanderbilt: Number one attended experience of its type in Q1; set a ticket pre-sale record with over $0.5 million in one day. Warning! GuruFocus has detected 10 Warning Signs with SLG. Release Date: April 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SL Green Realty Corp (NYSE:SLG) exceeded both the Street's expectations and its own internal projections for the first quarter earnings. The company's debt-related businesses performed strongly, benefiting from a volatile credit market and substantial liquidity. SL Green Realty Corp (NYSE:SLG) closed on the acquisition of 500 Park, achieving 100% occupancy shortly after. SUMMIT One Vanderbilt was the top-attended experience of its type in the first quarter, with record ticket pre-sales. The company is actively negotiating a pipeline of over $1.2 billion in new debt investments, indicating strong future growth potential. There is uncertainty in the macroeconomic environment, including potential impacts from tariffs and credit market volatility. The company faces challenges in the debt financing markets, with potential turbulence expected due to broader economic conditions. Occupancy levels decreased slightly in the first quarter, raising concerns about meeting year-end targets. The leasing market is experiencing some uncertainty, with potential impacts from geopolitical factors and market disruptions. There is a need for significant capital expenditure for improvement programs, such as the $20 million-plus program at 500 Park. Q: Can you discuss the impact of pre-builds on tenant acquisition and the economic rent potential compared to raw space? A: Steve Durels, Executive Vice President, Director of Leasing and Real Property, explained that pre-builds, or build-to-suits, are crucial for attracting tenants, especially those requiring 10,000 square feet or less. These pre-builds eliminate cost uncertainties and accelerate the decision-to-move-in timeline, providing a competitive advantage in the market. Q: How is the current market volatility affecting leasing activity and tenant decision-making? A: Steve Durels noted that despite market volatility, SL Green has not observed a slowdown in leasing activity. The pipeline remains strong, with 64 tenants currently, and no significant pullback in tenant decisions has been seen, indicating cautious optimism. Q: What are the current trends in the debt financing markets, particularly concerning the CMBS market? A: Harrison Sitomer, Chief Investment Officer, stated that while there is some turbulence in the credit markets, New York City remains resilient. The CMBS market has shown positive momentum, with $6.9 billion in New York City office CMBS completed year-to-date, indicating strong demand for tangible assets. Q: Is there an upward bias to your guidance, and how do you view potential downside risks? A: Matthew Diliberto, Chief Financial Officer, confirmed comfort with the current guidance range, citing a well-insulated balance sheet. Marc Holliday, CEO, mentioned potential upward revisions to guidance if ongoing investment opportunities are successfully executed. Q: How does the macroeconomic environment affect your plans for new high-quality development sites in Midtown? A: Marc Holliday emphasized that development projects are long-term endeavors, unaffected by short-term market fluctuations. SL Green remains committed to securing new development sites in Midtown, confident in New York City's long-term viability. Q: Can you provide an update on the downstate casino license process? A: Brett Herschenfeld, Executive Vice President, Retail & Opportunistic, reported that the process is progressing well, with a June 27 submission deadline for the license. The state has shown increased engagement, and SL Green anticipates a year-end award. Q: What is the status of your leasing pipeline, and how are tenants responding to macro uncertainties? A: Steve Durels indicated that the leasing pipeline is robust, with no significant changes in tenant sentiment or decision-making processes. The company expects continued strong leasing activity throughout the year. Q: How are office-to-residential conversion opportunities progressing in New York? A: Marc Holliday noted that conversion opportunities are consistent or ahead of expectations, particularly in downtown areas where economic feasibility is favorable. This trend is expected to significantly impact office market dynamics in the coming years. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
