SL Green Realty Corp. Buyback
OLI recorded this information on 12/1/2017
SL Green Realty Corp.
SL Green Realty Corp. (NYSE:SLG), New York City's largest commercial property owner, today announced that the Company's Board of Directors authorized an increase to the size of its share repurchase program, announced in August 2016, by an additional $500 million of the Company's common stock, bringing the program to a total of $1.5 billion.
SL Green Realty is a self-managed real estate investment trust. Co. is engaged in the acquisition, development, ownership, management and operation of commercial and residential real estate properties, mainly office properties, located in the New York metropolitan area. Substantially all of Co.'s assets are held by, and all of its operations are conducted through, SL Green Operating Partnership, L.P. (the Operating Partnership). All of the management, leasing and construction services that are provided to the properties that are wholly-owned by Co. and that are provided to certain joint ventures are conducted through SL Green Management LLC which is 100% owned by the Operating Partnership.
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Hold (2.40 out of 4)