Why SL Green Realty Stock Popped Today
Portfolio Pulse from Ryan Gustafson
SL Green Realty Corp (NYSE:SLG) has sold its 49.9% interest in 245 Park Avenue to a U.S. affiliate of Mori Trust Co., Ltd. at a gross asset valuation of $2.0 billion. The sale is the largest component of the company's financial plan for 2023.
June 26, 2023 | 5:32 pm
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SL Green Realty's stock price rose after selling its 49.9% interest in 245 Park Avenue for $2.0 billion.
The sale of SL Green Realty's 49.9% interest in 245 Park Avenue is a significant financial move for the company, as it is the largest component of their financial plan for 2023. This sale has a direct impact on the company's stock price, which rose 19.4% at the time of publication.
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IMPORTANCE 80
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