Announces $2.40 Annual Dividend
NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp. (NYSE:SLG) today reported that its board of
directors increased the Company's quarterly dividend on its common stock
and OP units by 20% resulting in a new annual dividend of $2.40 per
share. In connection therewith, the board of directors declared the
fourth quarter dividend of $0.60 per share of common stock. The dividend
is payable on January 15, 2015 to shareholders of record at the close of
business on January 2, 2015.
Andrew Mathias, SL Green's President, said, "The momentum of our
platform continues to benefit from a strong leasing market, operating
results in our core and redevelopment portfolios and our debt and
preferred equity program. We believe our platform is the best positioned
in New York City to generate profits during this part of the real estate
growth cycle."
Mr. Mathias continued, "We are pleased to share our growing returns with
our investors in the form of an increased current distribution, while at
the same time retaining cash to fund high returning investment
opportunities."
The board of directors also declared the regular quarterly dividend on
the company's Series I Preferred Stock for the period October 15, 2014
through and including January 14, 2015, of $0.40625 per share, which is
the equivalent of an annualized dividend of $1.625 per share. The
dividend will be payable January 15, 2015 to shareholders of record at
the close of business on January 2, 2015.
About SL Green Realty Corp.
SL Green Realty Corp., New York City'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, 2014, SL Green held interests
in 96 Manhattan buildings totaling 44.1 million square feet. This
included ownership interests in 28.0 million square feet of commercial
buildings and debt and preferred equity investments secured by 16.1
million square feet of buildings. In addition to its Manhattan
investments, SL Green held ownership interests in 35 suburban buildings
totaling 5.9 million square feet in Brooklyn, Long Island, Westchester
County, Connecticut and New Jersey. For more information, please visit: http://slgreen.com/
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, are forward-looking
statements. Forward-looking statements are not guarantees of future
performance 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 are
described in our filings with the Securities and Exchange Commission. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of future events, new information or
otherwise.
(SLG-DIV)
SL Green Realty Corp.
Andrew Mathias
President
or
Matt
DiLiberto
Chief Accounting Officer & Treasurer
212-594-2700
Source: SL Green Realty Corp.
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