NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced it has signed a fifteen-year, 144,418 square foot renewal and expansion lease with Newmark & Company Real Estate, Inc. at 125 Park Avenue, increasing Newmark's current footprint to 184,239 square feet. To date in 2025, SL Green has signed Manhattan office leases totaling 455,008 square feet, while maintaining a current pipeline of approximately 975,000 square feet. "We are plea ...

Group 1 - Investors in SL Green Realty Corp. (SLG) should monitor the stock due to significant activity in the options market, particularly the Jun 20, 2025 $42.50 Call, which has high implied volatility [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in SL Green's stock price, possibly due to an upcoming event [2] - SL Green currently holds a Zacks Rank 2 (Buy) in the REIT and Equity Trust - Other industry, which is in the bottom 42% of the Zacks Industry Rank, with no analysts increasing earnings estimates for the current quarter [3] Group 2 - The high implied volatility for SL Green could indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]

Group 1 - The Value Lab focuses on long-only value investment ideas, aiming for a portfolio yield of about 4% and has performed well over the last 5 years by engaging in international markets [1][2] - SL Green Realty Corp. Preferreds reported a decent quarter with improved same-store performance and overall vacancy rates returning to long-term norms, indicating potential for better terms in new investments [2] - The Valkyrie Trading Society consists of analysts sharing high conviction, downside-limited investment ideas that are expected to yield non-correlated and outsized returns in the current economic environment [3]

Company Overview - SL Green Realty Corp. is New York City's largest office landlord and a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties [3] - As of December 31, 2024, SL Green held interests in 54 buildings totaling 30.6 million square feet, including ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments [3] Upcoming Event - Marc Holliday, Chairman and CEO, and Matt DiLiberto, CFO, will participate in a roundtable discussion at Citi's 30th Annual Global Property CEO Conference on March 3, 2025, at 8:50 AM ET [1] - The roundtable discussion will be webcast, and the live audio-webcast can be accessed in listen-only mode on the SL Green Realty Corp. website [2]

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13199 (SL Green Realty Corp.) Commission File Number: 33-167793-02 (SL Gre ...

SL Green Realty Corp. (NYSE:SLG) Q4 2024 Earnings Conference Call January 23, 2024 2:00 PM ET Company Participants Marc Holliday - Chairman and CEO Matthew DiLiberto - CFO Steve Durels - EVP, Director, Leasing and Real Property Harrison Sitomer - CIO Conference Call Participants Nick Yulico - Scotiabank Alexander Goldfarb - Piper Sandler John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Jeffrey Spector - Bank of America Securities Anthony Paolone - JPMorgan Michael Griffin - Citi Ronald Kamdem - Mor ...

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in- house capabilities in property management, acquisitions and dispositions, debt investing, financing, development, redevelopment, construction and leasing. As of December 31, 2024, the Company held interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet in Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Quest ...

Core Insights - SL Green Realty Corp. reported Q4 2024 FFO per share of $1.45, missing the Zacks Consensus Estimate of $1.53, and down from $0.72 in the previous year [1][2] - For the full year 2024, FFO per share was $5.03, a 1.8% increase year-over-year, but also missed the consensus estimate of $7.78 [3] Financial Performance - Q4 net rental revenues were $139.6 million, slightly below the Zacks Consensus Estimate of $140 million, but up 5.8% year-over-year [2] - Same-store cash NOI decreased 2.7% year-over-year to $145.5 million, excluding lease termination income [4] - Rental revenues for 2024 were $543 million, down 10.1% year-over-year, and marginally missed the consensus mark of $543.4 million [3] Leasing Activity - In Q4, SL Green signed 48 office leases totaling 1.8 million square feet in Manhattan, with a 9% increase in mark-to-market rents compared to previous fully escalated rents [5] - The average lease term for new Manhattan office leases was 10.6 years, with tenant concessions averaging 12.5 months of free rent [5] - As of Dec. 31, 2024, Manhattan's same-store office occupancy was 92.5%, up from 90.1% in the prior quarter [6] Interest Expenses and Debt - Interest expenses increased 39.2% year-over-year to $38.2 million [6] - The net carrying value of the company's debt and preferred equity portfolio was $303.7 million, a 3.3% increase from the previous quarter [8] Portfolio Activity - In November 2024, SL Green sold an 11% interest in One Vanderbilt Avenue for net proceeds of $189.5 million [7] - The company also sold three Giorgio Armani Residences for $61.5 million and acquired a 45% interest in 10 East 53rd Street for $7.2 million [7] Liquidity and Dividends - As of the end of Q4, cash and cash equivalents were $184.3 million, down from $188.2 million at the end of Q3 [8] - On Jan. 21, 2025, the company declared a monthly dividend of 25.75 cents per share, payable on Feb. 18 [10]

SL Green (SLG) reported $139.61 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 5.8%. EPS of $1.45 for the same period compares to -$2.45 a year ago.The reported revenue represents a surprise of -0.31% over the Zacks Consensus Estimate of $140.04 million. With the consensus EPS estimate being $1.53, the EPS surprise was -5.23%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...