Annual Dividend Will Increase to $3.25 per Share
NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp. (NYSE:SLG), New York City's largest commercial
property owner, today reported that its board of directors has increased
the Company's quarterly dividend on its common stock and OP units by
4.8%, resulting in a new annual dividend of $3.25 per share. In
conjunction, the board of directors declared the fourth quarter dividend
of $0.8125 per share of common stock. The dividend is payable on January
16, 2018 to shareholders of record at the close of business on January
2, 2018.
Matt DiLiberto, SL Green's Chief Financial Officer, said, "SL Green has
continued to strategically capitalize on its assets to provide investors
with an increase to our common dividend for the seventh consecutive
year. This increase provides an immediate benefit to our shareholders,
while allowing us to remain positioned for future growth with ample
liquidity for capital projects and select 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, 2017
through and including January 14, 2018, of $0.40625 per share, which is
the equivalent of an annualized dividend of $1.625 per share. The
dividend will be payable January 16, 2018 to shareholders of record at
the close of business on January 2, 2018.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and 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, 2017, SL
Green held interests in 118 Manhattan buildings totaling 47.8 million
square feet. This included ownership interests in 27.5 million square
feet of Manhattan buildings and debt and preferred equity investments
secured by 20.3 million square feet of buildings. In addition, SL Green
held ownership interests in 27 suburban buildings totaling 4.3 million
square feet in Brooklyn, Long Island, Westchester
County, Connecticut and New Jersey. To be added to the Company's
distribution list or to obtain the latest news releases and other
Company information, please visit our website at www.slgreen.com or
contact Investor Relations at (212) 594-2700.
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20171201005732/en/
Investors:
Matt DiLiberto
Chief Financial Officer
SL
Green Realty Corp.
(212) 594-2700
Press:
BerlinRosen
slgreen@berlinrosen.com
646.452.5637
Source: SL Green Realty Corp.
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