SL Green Realty Corp. Announces Increase in Annual Ordinary Dividend to $3.09 per Share
06 Diciembre 2024 - 6:30AM
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office
landlord, announced today that its board of directors has
established an annual ordinary dividend on SL Green's common stock
for 2025 of $3.09 per share, an increase of 3.0%. The ordinary
dividend will continue to be paid in cash on a monthly basis. The
first monthly ordinary dividend of $0.2575 per share is payable on
January 15, 2025, to stockholders of record at the close of
business on December 31, 2024.
"We are proud to reward our shareholders with an increase in our
ordinary dividend as earnings and taxable income grow amid the
backdrop of the best performing office market in the country," said
Matt DiLiberto, Chief Financial Officer.
"Providing a sustainable, recurring cash dividend to our
shareholders is a fundamental part of our business strategy."
The board of directors also declared the regular quarterly
dividend on the company's Series I Preferred Stock for the period
October 15, 2024 through January 14, 2025 of $0.40625 per share,
which is the equivalent of an annualized dividend of $1.625 per
share. The dividend is payable in cash on January 15, 2025 to
shareholders of record at the close of business on December 31,
2024.
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 value of
Manhattan commercial properties. As of September 30, 2024, SL Green
held interests in 55 buildings totaling 31.8 million square feet.
This included ownership interests in 28.1 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.
PRESS CONTACTslgreen@berlinrosen.com
SLG – DIV
SL Green Realty (NYSE:SLG)
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