Stephen L. Green, chairman and CEO of the firm, described the increase as "a clear expression of our confidence in the future growth in cash flows from our real estate portfolio and continuing improvement in the financial performance of our company. The board has a very strong belief that shareholders should participate in the company's profitability growth, which was demonstrated by the increase."
The company also declared a dividend on Series A preferred stock for the quarter of $0.50 per share that amounts to an annualized distribution of $2.00 per share.
SL Green is a self-administered, self-managed real estate investment trust that specializes in class B Manhattan office properties.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
