Net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024 as compared to net loss of $5.63 per share for the same period in 2023. Funds from operations, or FFO, of $2.05 per share for the second quarter of 2024, inclusive of $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company repo ...

Net loss attributable to common stockholders of $0.04 per share for the second quarter of 2024 as compared to net loss of $5.63 per share for the same period in 2023. Funds from operations, or FFO, of $2.05 per share for the second quarter of 2024, inclusive of $48.5 million, or $0.69 per share, of gains on discounted debt extinguishments at 280 Park Avenue and 719 Seventh Avenue and $1.4 million, or $0.02 per share, of positive non-cash fair value adjustments on mark-to-market derivatives. The Company repo ...

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed retail leases totaling 66,014 square feet since the end of the first quarter of 2024 and has reached full retail occupancy at One Madison Avenue. The new hospitality-focused retail tenants augment the building's existing lifestyle flagship retail tenant Chelsea Piers, which will open its second Manhattan location at the tower in August 2024. La Tête d'Or by D ...

The new hospitality-focused retail tenants augment the building's existing lifestyle flagship retail tenant Chelsea Piers, which will open its second Manhattan location at the tower in August 2024. NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has signed retail leases totaling 66,014 square feet since the end of the first quarter of 2024 and has reached full retail occupancy at One Madison Avenue. Located adjacent ...

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it has closed on the sale of three properties totaling $691.4 million, including 625 Madison Avenue, 719 Seventh Avenue and the Palisades Premier Conference Center, which generated net proceeds to the Company of $222.7 million that was used for corporate debt repayment. "As we enter the second half of the year with an improving market backdrop, we have made meaningful prog ...

625 Madison Avenue: Together with its joint venture partner, the Company closed on the sale of the fee ownership interest in 625 Madison Avenue for a gross sales price of $634.6 million plus certain fees payable to the Company. In connection with the sale, the Company, together with its joint venture partner, originated a $235.5 million preferred equity investment in the property. The transaction generated net proceeds to the Company of $199.3 million. 719 Seventh Avenue: The Company closed on the sale of 7 ...

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp., Manhattan's largest office landlord, today announced the sellout of the exclusive Giorgio Armani Residences on Manhattan's Upper East Side. All 10 residential units within the premier luxury condominium project are now under contract for gross consideration totaling $168.2 million. The sales are expected to close in the fourth quarter of 2024. "SL Green's premier development platform, together with our partnership with Giorgio Armani, result ...

Tradeweb Markets LLC, a leading global operator of electronic marketplaces for rates, credit, equities and money markets, signed a new 15-year, 75,825 square foot lease covering floors 29 and 30 at 245 Park Avenue. David Kleiner, Michael Berg, Will McGarry and Finley Burger of Jones Lang LaSalle represented Tradeweb. Patrick Murphy, Bruce Mosler, Tara Stacom, Harry Blair, Ron LoRusso, Justin Royce, Pierce Hance and Will Yeatman of Cushman Wakefield represented the landlord. Golenbock Eiseman Assor Bell & Pe ...

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. Bearing this in mind, let's now explore the average estimates of specific SL Green metrics that are commonly monitored and projected by Wall St ...

What's Aiding it? Although overall demand for office spaces in some markets is likely to remain subdued in the near term, given tenants' healthy demand for premier office spaces with class-apart amenities, SL Green is well-poised for growth. Its long-term leases, with a diverse tenant base, assure stable rental revenues. Given that office space demand in the upcoming period is likely to be driven by de-densification to allow higher square footage per office worker, SLG remains well-positioned to navigate th ...