SL Green to Increase Common Dividend for Eighth Consecutive Year

By Business Wire

Annual Dividend Will Increase to $3.40 per Share

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 by 4.6 percent, to $0.85 per share on
its common stock and OP units, resulting in a new annual dividend of
$3.40 per share. The fourth quarter dividend is payable on January 15,
2019 to shareholders of record at the close of business on January 2,
2019.

“SL Green continues to reward shareholders with an attractive dividend
increase for the eighth consecutive year,” said Matt DiLiberto, Chief
Financial Officer at SL Green
. “We remain well-positioned 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, 2018
through and including January 14, 2019, 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, 2019 to shareholders of record at
the close of business on January 2, 2019.

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, 2018, SL
Green held interests in 106 Manhattan buildings totaling 46.4 million
square feet. This included ownership interests in 28.2 million square
feet of Manhattan buildings and 18.2 million square feet of buildings
securing debt and preferred equity investments. In addition, SL Green
held ownership interests in 15 suburban buildings totaling 2.3 million
square feet in Brooklyn, Westchester County, and Connecticut.

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.

This article provided by NewsEdge.