SL Green Increases Common Dividend by 20%

Announces $2.40 Annual Dividend


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


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:

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



SL Green Realty Corp.
Andrew Mathias

Chief Accounting Officer & Treasurer

Source: SL Green Realty Corp.

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