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3/3/14Citigroup Inc (NYSE:C) – SL Green Consolidates Ownership of Citigroup’s Headquarters Property (Jutia Group)

[at noodls] - SL Green Consolidates Ownership of Citigroup's Headquarters Property New York, NY - March 3, 2014 - SL Green Realty Corp. (NYSE: SLG) The Company announced an agreement to acquire Ivanhoe Cambridge's stake ... Read more on this. Citigroup Inc. (C), valued at $144.43B, started trading this morning at $47.80. [...]

11/5/10SL Green Names James Mead as CFO (Benzinga)

SL Green Realty Corp. (NYSE: SLG), New York City's largest owner of commercial office properties, today announced the appointment of James E. Mead to be the Company's Chief Financial Officer (CFO), effective December 1, 2010. He succeeds Gregory Hughes, who is leaving at the end of his current contract on November 30, 2010 to pursue other professional interests. Mr. Mead, age 51, is a veteran financial executive who has worked in the commercial real estate industry for virtually his entire...

10/26/10SL Green Realty Neutral Vs. High Expectations, Citigroup Reports (Benzinga)

In a report released this morning, Citigroup said that it views SL Green Realty Corporation's (NYSE: SLG) 3Q report as neutral against high investor expectations. “Earnings were above our estimate and consensus, but were heavily influenced by the large volume of deal activity in the quarter,” Citigroup writes. “Cash NOI remains soft (down 5.6%), disappointing, but largely a backward looking metric that reflects weak 2009-10 leasing conditions. Fundamentals are turning in NYC and SLG...

9/21/10SL Green Realty Initiated At Hold (Benzinga)

SL Green Realty Corp. (NYSE: SLG) likely to post below-average FFO per share growth through 2013, according to Jefferies & Co. Jefferies has initiated coverage with a Hold rating and $62 price target, stating that: "[We] estimate that SL Green has total growth potential through 2013 related to the lease-up of vacant space (4.9%) and the mark-to-market on expiring leases (4.6%) of just 9.5% of our 2010 FFO per share estimate versus our Office REIT initiation coverage universe average of...

9/20/10SL Green Realty Corp. Announces $0.10 Common Stock Dividend (Benzinga)

SL Green Realty Corp. (NYSE: SLG) today reported that its Board of Directors has declared a dividend of $0.10 per share of common stock for the quarter ending September 30, 2010. The dividend is payable on October 15, 2010 to shareholders of record at the close of business on September 30, 2010. The Board of Directors also declared the regular quarterly dividends on the Company's Series C and D Preferred Stock for the period July 15, 2010 through and including October 14, 2010, of $0.4766...

6/10/10Bookkeeping: Closing SL Green Realty (SLG) (Fund my Mutual Fund)

My timing on REITs has been horrific the past year and a half; I will wipe away the egg on my face yet again and sell SL Green (SLG) on strength here.  If the stock moves over $64 it could begin a new leg up but I want to use our +3% days (which now come every 4th or 5th session) to lighten up on losers.  I have about a 0.5% exposure left over in which I am taking a 11% loss on.  Which is better than the 16% loss I was staring at yesterday. I am interested in how bullish many people...

5/12/10Bookkeeping: Starting SL Green Realty (SLG) (Fund my Mutual Fund)

I completely missed the REIT party this past year as I was still under the pretense that 'extend and pretend' was not a national pastime. In fact a year ago at this time I was busy getting blown up on shorts in the REIT space as these companies diluted their shareholders to the moon to raise capital. So my thesis was wrong, and commercial REITs have been among the best sectors out there. I laughed about 3 weeks ago as I saw a CNBC interview with one of these top commercial developers who...

5/26/09Bookkeeping: Closing Short on SL Green (SLG) (Fund my Mutual Fund)

With the Federal Reserve indeed following through last week on the lobbyists months long push to include legacy commercial real estate debt into their TALF program[Feb 23, 2009: Fed May Need to Recast TALF on Commercial Real Estate] [Jan 13, 2009: Bailout Nation Continues in Commercial Real Estate Land - "Lemme In on that Money"] [Dec 22, 2008: Wall Street Journal - Property Developers Ask for Government Bailouts], the REITs are very happy campers. It took 6 long months but the central bank...

12/30/08SL Green Cuts Dividend, Says Almost Time To Go Shopping (REIT Wrecks)

Add SL Green to the list of REITs cutting dividends. SLG, the largest owner and manager of commercial properties in New York City, cut its quarterly common stock dividend by 50%, to save capital for debt payments and investments. SL Green cut the payout to 37.5 cents per share, down from 78.75 cents. [...]

12/3/07Citigroup Agrees to $1.575 Billion Sale Leaseback of Manhattan Office Towers (Net Lease News)

Reuters - December 3, 2007Office property owner SL Green Realty Corp (SLG.N) has reached an agreement to buy Citigroup Inc's (C.N) downtown office complex for $1.575 billion, a source familiar with the deal said on Monday, underscoring the health of the Manhattan property market, despite turmoil in the lending markets. Canadian real estate investment firm SITQ also will take a 47.5 percent stake


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