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$20 Million Exit From Manhattan's Biggest Office Landlord Raises Questions as Stock Slides 30%
The Motley Fool· 2026-01-01 20:18
Core Viewpoint - Vision Capital Corp has fully liquidated its position in SL Green Realty, indicating ongoing skepticism in the office real estate market despite some positive leasing progress by the company [1][2][7]. Company Overview - SL Green Realty Corp is the largest office landlord in Manhattan, focusing on high-value commercial properties and operating as a real estate investment trust (REIT) [5]. - As of the latest report, SL Green's market capitalization stands at $3.48 billion, with a revenue of $910.38 million over the trailing twelve months (TTM) and a dividend yield of 6.7% [4]. Recent Performance - In the third quarter, SL Green reported funds from operations of $1.58 per share, an increase from $1.13 a year earlier, and same-store occupancy rose to 92.4%, with expectations of reaching 93.2% by year-end [6]. - The company signed over 650,000 square feet in leasing activity during the quarter, indicating a meaningful uptick in leasing [6]. Market Sentiment - Despite the positive operational metrics, SL Green's stock has declined approximately 32% over the past year, underperforming the S&P 500, which has increased by about 16% in the same period [3][7]. - The exit of Vision Capital suggests that concerns regarding office demand, refinancing risks, and the long-term impact of remote work continue to overshadow the company's incremental progress [7][9].
SL Green (SLG) Faces Dual Target Cuts as Office REIT Outlook Stays Neutral
Yahoo Finance· 2025-12-27 05:49
Core Insights - SL Green Realty Corp. (NYSE:SLG) is recognized as one of the 13 highest paying monthly dividend stocks to buy [1] Group 1: Analyst Ratings and Price Targets - Ladenburg analyst Floris van Dijkum reduced the price target for SL Green to $50 from $60 while maintaining a Neutral rating following the company's investor day [2] - Mizuho also lowered its price target for SL Green to $47 from $67, keeping a Neutral stance, citing a "fairly valued" office sector with limited earnings growth expected [3] Group 2: Company Developments - On December 5, SL Green acquired a 39.48% stake in 800 Third Avenue from its joint venture partners for $5.1 million, gaining full ownership of the property [4] - The acquisition is noted as a significant achievement for SL Green in a challenging post-COVID environment for office landlords [5] Group 3: Occupancy Rates - SL Green reported that same-store Manhattan office occupancy increased to 92.4% in Q3 2025, with expectations to reach 93.2% by December 31, 2025 [5]
SL Green Realty: The Market Is Still Too Pessimistic While Fundamentals Improve (NYSE:SLG)
Seeking Alpha· 2025-12-25 12:42
Core Viewpoint - SL Green Realty (SLG), Manhattan's largest office landlord, is currently trading at some of the lowest levels since the Financial Crisis, presenting a solid investment opportunity despite having doubled in value since 2023 [1] Company Overview - SL Green Realty is identified as the largest office landlord in Manhattan, indicating a significant position in the commercial real estate market [1] - The stock has shown a notable recovery, having doubled since the beginning of 2023, yet it remains at historically low trading levels [1] Investment Potential - The current trading levels of SLG suggest potential for further appreciation, making it an attractive option for value investors [1] - The analysis indicates that despite the recovery, the stock still offers a solid opportunity for investment [1]
SL Green Realty: The Market Is Still Too Pessimistic While Fundamentals Improve
Seeking Alpha· 2025-12-25 12:42
Core Viewpoint - SL Green Realty (SLG), Manhattan's largest office landlord, is currently trading at some of the lowest levels since the Financial Crisis, presenting a solid investment opportunity despite having doubled in value since 2023 [1] Company Overview - SL Green Realty is identified as the largest office landlord in Manhattan [1] - The stock has shown significant growth, doubling since the beginning of 2023, yet it remains at historically low trading levels [1] Investment Potential - The current trading levels of SLG are among the lowest since the Financial Crisis, indicating potential for future appreciation [1] - The analysis suggests that despite recent gains, the stock still offers a compelling opportunity for investors [1]
SL Green Realty Corp. to Release Fourth Quarter 2025 Financial Results After Market Close on January 28, 2026
Globenewswire· 2025-12-23 12:30
Core Viewpoint - SL Green Realty Corp. will release its fourth quarter 2025 earnings on January 28, 2026, followed by a conference call on January 29, 2026, to discuss the financial results [1][2]. Group 1: Earnings Release and Conference Call - The earnings release for the fourth quarter of 2025 is scheduled for January 28, 2026, after market close [1]. - A conference call and audio webcast will be hosted by the executive management team on January 29, 2026, at 2:00pm ET [2]. - Supplemental data will be available in the Investors section of the SL Green Realty Corp. website at the time of the earnings release [2]. Group 2: Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) [4]. - As of September 30, 2025, the company held interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan buildings [4]. - The company also has 2.7 million square feet securing debt and preferred equity investments [4].
San Lorenzo Gold Announces First Closing Of Private Placement
Thenewswire· 2025-12-19 23:25
Core Insights - San Lorenzo Gold Corp. has received conditional approval for a non-brokered best-efforts private placement of Units from the TSX Venture Exchange, with the first closing completed on December 19, 2025, involving the issuance of 4,110,226 Units for gross proceeds of $2,548,340.12 [1] - Each Unit consists of one common share and one half of a purchase warrant, with full Warrants allowing the purchase of additional Common Shares at $0.80 for two years [1] - The company has received subscription agreements exceeding the increased maximum of $5,000,000 and anticipates closing on those additional subscriptions [2] Financial Details - The First Closing resulted in gross proceeds of $2,548,340.12, with cash commissions totaling $81,329.95 and the issuance of 131,177 broker warrants [1] - Each broker warrant allows the holder to acquire a Common Share at a price of $0.80 for one year from the Closing Date [1] Company Focus - San Lorenzo is advancing its flagship Salvadora property located in Chile's mega-porphyry belt, with prior drilling results indicating significant gold and copper enriched systems [2]
SL Green Realty Corp. Announces Preferred Stock Dividends
Globenewswire· 2025-12-16 21:05
Core Viewpoint - SL Green Realty Corp. has declared a quarterly dividend of $0.40625 per share on its Series I Preferred Stock, equivalent to an annualized dividend of $1.625 per share, payable on January 15, 2026 [1] Group 1: Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties [2] - As of September 30, 2025, SL Green held interests in 53 buildings totaling 30.7 million square feet, including ownership interests in 27.1 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments [2]
San Lorenzo Gold Announces Upsize To Proposed Private Placement
Thenewswire· 2025-12-15 14:00
Group 1 - The company San Lorenzo Gold Corp. has increased the maximum size of its non-brokered private placement from $4,000,000 to $5,000,000 due to significant investor demand [1] - The closing date for the private placement is scheduled for December 19, 2025 [1] - San Lorenzo has received expressions of interest that exceed the increased maximum offering, indicating strong market interest [1] Group 2 - San Lorenzo is focused on advancing its flagship Salvadora property located in Chile's mega-porphyry belt [2] - Previous drilling programs on four different targets have suggested the presence of significant gold and copper enriched epithermal and porphyry style systems within the Salvadora property [2]
NYC Office Market Outlook “Positive,” Evercore Notes After SL Green (SLG) Investor Day
Yahoo Finance· 2025-12-09 02:19
Core Insights - SL Green Realty Corp. (NYSE:SLG) is recognized among the 11 worst-performing dividend stocks year-to-date [1] - Evercore ISI has adjusted SL Green's price target to $54 from $56 while maintaining an Outperform rating, highlighting a positive outlook for NYC's office market despite challenges [2] - The company has successfully adapted to post-COVID conditions, achieving a 92.4% growth in same-store office occupancy in Manhattan, with expectations to reach 93.2% by the end of 2025 [3] Acquisition Activities - On December 5, SL Green acquired a 39.48% stake in 800 Third Avenue for $5.1 million, gaining full ownership of the property [2] - In October, SL Green entered a $730 million agreement to purchase Park Avenue Tower, which is expected to provide stable cash flows and enhance shareholder returns [4] Market Position - SL Green Realty Corp. primarily invests in office buildings and shopping centers in New York City, positioning itself as a significant player in the real estate investment trust sector [4]
SL Green Secures Leases & Announces Series of Transactions
ZACKS· 2025-12-08 17:01
Core Insights - SL Green Realty Corp. (SLG) has signed Manhattan office leases totaling 2.3 million square feet in 2025, with an additional 1.2 million square feet in the pipeline, positioning the company to meet its occupancy target of 93.2% [1][9] Leasing Activity - In Q4 2025, significant lease deals include a financial services company expanding its lease by 92,663 square feet at One Madison Avenue, bringing its total to 159,871 square feet [2] - Wells Fargo Bank renewed and expanded its lease for nine years, covering 49,865 square feet at 280 Park Avenue [2] - Moroccanoil signed a 10-year lease for 39,799 square feet at 1185 Avenue of the Americas [3] - Houlihan Lokey expanded its space with a 9.5-year lease for 37,224 square feet at 245 Park Avenue, increasing its total area to 221,656 square feet [3] - Hinshaw & Culbertson renewed its lease for another 10 years, covering 26,977 square feet at 800 Third Avenue [3] Acquisition and Financing - SL Green completed the acquisition of its joint venture partners' 39.48% interest in 800 Third Avenue for $5.1 million, achieving 100% ownership [4] - The company modified and extended the existing $177 million mortgage on the property, with the maturity date extended to February 2031 and an interest rate fixed at 5.03% from February 2026 through February 2029 [5][6] Market Position and Outlook - The company is well-positioned to navigate the challenging environment due to long-term leases with a diverse tenant base, ensuring stable rental revenues [7] - The transactions reflect the company's long-term outlook on well-located Midtown Manhattan properties and its success in extending loan maturities on favorable terms [7]