How To Earn $500 A Month From SL Green Stock, New York City's Largest Office Landlord
Portfolio Pulse from AJ Fabino
SL Green Realty Corp (NYSE:SLG) announced the sale of a 49.9% stake in the 245 Park Avenue location to a U.S. affiliate of Mori Trust Co. Ltd, valuing the asset at $2 billion. The deal comes amid the commercial real estate sector's adjustment to hybrid work models and marks a vote of confidence in New York's office market. SL Green is also a reliable dividend payer, with a 13.8% dividend yield.
June 26, 2023 | 9:02 pm
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SL Green's sale of a 49.9% stake in 245 Park Avenue for $2 billion signals confidence in NYC's office market. The company also offers a 13.8% dividend yield.
The strategic sale and partnership with Mori Trust Co. Ltd demonstrates confidence in New York City's office market, which could attract more investors to SL Green. Additionally, the company's high dividend yield of 13.8% makes it an attractive option for income-seeking investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100