Record Leasing Wins and Preferreds Offering Could Be A Game Changer For SL Green (SLG)
SL Green Realty Corp. recently signed 32 Manhattan office leases for a total of 491,098 square feet and fully leased One Madison Avenue, a record start to 2026. The company also issued new Series Y preferred units with a 5% annual payout to fund acquisitions, reinforcing its operating footprint and funding flexibility. These moves aim to address the challenging commercial office market, balancing leasing momentum with the financial implications of increased fixed obligations.
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