Latest news with #SLGreen
Yahoo
21 hours ago
- Business
- Yahoo
Here's How You Can Earn $100 In Passive Income By Investing In SL Green Realty Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. SL Green Realty Corp. (NYSE:SLG) is a real estate investment trust focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. The 52-week range of SL Green Realty stock price was $45.15 to $82.81. SL Green Realty's dividend yield is 4.69%. It paid $3.09 per share in dividends during the last 12 months. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – On April 16, the company announced its Q1 2025 earnings, posting FFO of $1.40, in line with expectations, while revenues of $144.52 million came in below the consensus of $154.69 million, as reported by Benzinga. During the quarter, the company signed 45 office leases in its Manhattan office portfolio totaling 602,105 square feet. Check out this article by Benzinga for eight analysts' insights on SL Green Realty. Trending: This Jeff Bezos-backed startup will allow you to . If you want to make $100 per month — $1,200 annually — from SL Green Realty dividends, your investment value needs to be approximately $25,586, which is around 388 shares at $65.94 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (4.69% in this case). So, $1,200 / 0.0469 = $25,586 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find SL Green Realty stock an attractive option for making a steady income of $100 per month by owning 388 shares of stock. Read Next: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock This article Here's How You Can Earn $100 In Passive Income By Investing In SL Green Realty Stock originally appeared on
Yahoo
2 days ago
- Business
- Yahoo
SL Green Realty Stock Up 12.7% in Three Months: Will the Trend Last?
SL Green Realty SLG shares have risen 12.7% in the past three months compared to the industry's fall of 0.1%. The company's high-quality portfolio is well-poised for growth, given tenants' solid demand for premier office spaces with class-apart amenities. With supply pressures easing and people returning to offices, SL Green is witnessing healthy leasing activity. Moreover, its long-term leases and diverse tenant base assure stable rental revenues. Its focus on an opportunistic investment policy to enhance portfolio quality is encouraging. Image Source: Zacks Investment Research SL Green has a mono-market strategy focus, with an enviable footprint in the large and high-barrier-to-entry New York real estate market. The companyis well-positioned to benefit from the growing demand for high-quality, well-amenitized office properties, given its well-located asset portfolio and the ability to offer top-notch amenities at its recently developed office buildings. In the first quarter of 2025, for its Manhattan portfolio, SL Green signed 45 office leases encompassing 0.6 million square feet of space. Additionally, the company maintains a diversified tenant base to hedge the risk associated with dependency on single-industry tenants. As of March 31, 2025, except for Paramount Global, which accounted for 5.4% of the company's share of annualized cash rent, no other tenant in the company's portfolio accounted for more than 5% of its share of annualized cash rent, including its share of joint venture annualized cash rent. Moreover, with long-term leases to tenants with strong credit profiles, the REIT is well-poised to generate stable rental revenues over the long term. SL Green has been following an opportunistic investment policy to enhance its overall portfolio quality. In the first quarter of 2025, the company closed on the sale of six Giorgio Armani Residences at 760 Madison Avenue, generating net proceeds of $93.3 million. Over the years, the large-scale suburban asset sale has helped it narrow its focus on the Manhattan market as well as retain premium and highest-growth assets in the portfolio. Solid dividend payouts are the biggest attraction for REIT investors, and SL Green is committed to boosting shareholder wealth. This office REIT has steadily been paying out monthly dividends. Given the company's solid operating platform, scope for growth and decent financial position compared to that of the industry, this dividend rate is expected to be sustainable over the long run. Amid macroeconomic uncertainty and high competition from developers, owners and operators of office properties, SL Green is offering free rents and concessions to lure tenants, impacting its revenue growth. Moreover, the majority of the company's property holdings consist of commercial office properties situated in midtown Manhattan. SLG also has retail properties and multifamily residential assets in New York City. Therefore, the performance of the company is susceptible to the condition of the New York City economy. Analysts seem bearish on this Zacks Rank #3 (Hold) company, with the Zacks Consensus Estimate for its 2025 FFO per share revised southward by 1.3% over the past month to $5.41. Some better-ranked stocks from the REIT sector are VICI Properties VICI and W.P. Carey WPC,each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI Properties' 2025 FFO per share is pegged at $2.34, up 3.54% year over year. The Zacks Consensus Estimate for W.P. Carey's2025 FFO per share is pegged at $4.88, up 3.83% year over year. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SL Green Realty Corporation (SLG) : Free Stock Analysis Report W.P. Carey Inc. (WPC) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Business Journals
09-06-2025
- Business
- Business Journals
Tom Ford to relocate New York City headquarters
Listen to this article 2 min Tom Ford Fashion is relocating its New York City headquarters. The design house has signed a 10-year, 11,000-square-foot lease at 500 Park Ave., the former Pepsi-Cola headquarters building. The company is currently headquartered at 595 Madison Ave. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Tom Ford's lease signing on the sixth floor makes 500 Park Ave. 100% leased, according to a statement from the property's owner, SL Green Realty Corp. (NYSE: SLG). The building's "location and boutique quality continue to attract luxury, international, financial and other world-class companies seeking a best-in-class experience," said Steven Durels, executive vice president and director of leasing and real property at SL Green, in a statement. Tom Ford has two retail locations in Manhattan at 672 Madison Ave. and 611 5th Ave. The asking price of the transaction was not disclosed. In Midtown Manhattan, office landlords are seeking an average of $83.67 per square foot, according to Avison Young. Notable tenants at the 201,000-square-foot office building include Vera Wang, The Georgetown Co. and Friedland Properties. SL Green bought 500 Park Ave. last November for $130 million and plans an extensive lobby renovation. As of March, SL Green has ownership interests covering more than 27 million square feet of Manhattan buildings. Tom Ford was represented in the lease signing by Savills' David Goldstein, Jarod Stern and Sam Mann. JLL's Frank Doyle, Cynthia Wasserberger and Michael Pallas represented SL Green. Sign up for the Business Journal's free daily newsletter to receive the latest business news impacting New York.
Bloomberg
05-06-2025
- Business
- Bloomberg
NYC Buildings in Midtown, SoHo Are Going Up for Sale by SL Green
SL Green Realty Corp. is marketing two Manhattan buildings for sale as demand for the city's office properties heats up. The landlord hired brokerage Eastdil Secured to market 110 Greene St., a SoHo office building with a Balenciaga store, and 690 Madison Ave., a property just one block from Central Park that houses jeweler Van Cleef & Arpels, according to marketing materials viewed by Bloomberg.
Globe and Mail
19-05-2025
- Business
- Globe and Mail
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.
