SL Green Realty (SLG) News & Sentiment

SLG is set to gain from high demand for top-quality office properties, a diverse tenant base and its focus on opportunistic investments.

SLG's securing of a renewal and expansion lease with Newmark at 125 Park Avenue highlights healthy demand for its properties.

CALGARY – TheNewswire - March 3, 2025 - San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV: SLG) is pleased to announce assay results from the first of 3 recently drilled holes on its Cerro Blanco gold/copper porphyry target as well as partial results from the first of 3 holes recently drilled on its Arco de Oro epithermal gold target. Cerro Blanco and Arco de Oro are targets located within San Lorenzo's flagship Salvadora property in Chile. San Lorenzo's CEO Al Kroontje commented that “it's extremely gratifying to be announcing a discovery hole with our first drill test of Cerro Blanco, a target management has had high conviction about.  Cerro Blanco is a very large target and we're just scratching the surface with the three reconnaissance holes in the current program.  Arco do Oro has, again, generated results that confirm the robustness of this large, high-grade gold system.  Arco has the scale to contain a large resource.  San Lorenzo is fortunate to control a property that has not one or two, but five high quality target areas.  We plan to expand on our exploration efforts to advance this high-quality project.”

SL Green Realty Corp. logged a decent quarter with improved same-store performance and lower vacancy rates, though concerns remain about return-to-office mandates and interest rate outlook. Demand is up for trophy real estate, which SLG has in droves. Lease terms are looking quite good, and their pipeline is well subscribed. Preferreds are less risky but face duration effects; common shares offer better relative risk-reward due to potential gains from a capitally intensive redevelopment.

SL Green Realty Corp. had a stellar fiscal year 2024, outperforming the struggling office REIT sector and defying market expectations. The company's low debt levels are a competitive advantage. Superior management has achieved high returns with less leverage, contrasting with the common investor preference for high-debt.

NEW YORK, Feb. 18, 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 March 17, 2025 to shareholders of record at the close of business on February 28, 2025.

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 - Morgan Stanley Michael Lewis - Truist Securities Blaine Heck - Wells Fargo Caitlin Burrows - Goldman Sachs Operator Thank you, everybody, for joining us and welcome to the SL Green Realty Corp's Fourth Quarter 2024 Earnings Results Conference Call. This conference call is being recorded.

SLG's Q4 results reflect decent leasing activity in its Manhattan portfolio. However, higher interest expenses and lower same-store NOI undermined the results.

The headline numbers for SL Green (SLG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.