SL Green to Increase Common Dividend for Seventh Consecutive Year

Annual Dividend Will Increase to $3.25 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 on its common stock and OP units by

4.8%, resulting in a new annual dividend of $3.25 per share. In

conjunction, the board of directors declared the fourth quarter dividend

of $0.8125 per share of common stock. The dividend is payable on January

16, 2018 to shareholders of record at the close of business on January

2, 2018.

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

continued to strategically capitalize on its assets to provide investors

with an increase to our common dividend for the seventh consecutive

year. This increase provides an immediate benefit to our shareholders,

while allowing us to remain positioned for future growth 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, 2017

through and including January 14, 2018, of $0.40625 per share, which is

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

dividend will be payable January 16, 2018 to shareholders of record at

the close of business on January 2, 2018.

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, 2017, SL

Green held interests in 118 Manhattan buildings totaling 47.8 million

square feet. This included ownership interests in 27.5 million square

feet of Manhattan buildings and debt and preferred equity investments

secured by 20.3 million square feet of buildings. In addition, SL Green

held ownership interests in 27 suburban buildings totaling 4.3 million

square feet in Brooklyn, Long Island, Westchester

County, Connecticut and New Jersey. To be added to the Company’s

distribution list or to obtain the latest news releases and other

Company information, please visit our website at or

contact Investor Relations at (212) 594-2700.

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

Green Realty Corp.
(212) 594-2700


Source: SL Green Realty Corp.

News Provided by Acquire Media