SL Green Increases Common Dividend for Sixth Consecutive Year

Announces $3.10 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 7.6%, resulting in a new annual dividend of $3.10 per

share. In connection therewith, the board of directors declared the

fourth quarter dividend of $0.775 per share of common stock. The

dividend is payable on January 17, 2017 to shareholders of record at the

close of business on January 3, 2017.

Matt DiLiberto, SL Green’s Chief Financial Officer, said, “The earnings

power of the SL Green platform provides us with the ability to

meaningfully increase our common dividend again in 2017. This increase

will immediately benefit our shareholders, while allowing us to retain

ample liquidity to fund the Company’s ongoing capital projects and take

advantage of compelling 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, 2016

through and including January 14, 2017, of $0.40625 per share, which is

the equivalent of an annualized dividend of $1.625 per share. The

dividend will be payable January 17, 2017 to shareholders of record at

the close of business on January 3, 2017.

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, 2016, SL

Green held interests in 125 Manhattan buildings totaling 46.6 million

square feet. This included ownership interests in 28.1 million square

feet of commercial buildings and debt and preferred equity investments

secured by 18.6 million square feet of buildings. In addition, SL Green

held ownership interests in 30 suburban buildings totaling 4.8 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



Matt DiLiberto
Chief Financial Officer

Source: SL Green Realty Corp.

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