SL GREEN REALTY CORPORATION
Sector: Indices SP 400
Latest Quote @ Wed May 5 06:44:17 (15 min delayed)
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SL Green Realty Corp., a real estate investment trust (REIT), engages in the ownership, management, acquisition, leasing, and repositioning of commercial office properties in Manhattan. As of June 30, 2005, its wholly owned properties consisted of 21 commercial properties encompassing approximately 9.3 million rentable square feet located primarily in midtown Manhattan. The company's portfolio also includes ownership interests in unconsolidated joint ventures, which own eight commercial properties in Manhattan, encompassing approximately 9.1 million rentable square feet. In addition, SL Green Realty manages three office properties owned by third-parties and affiliated companies encompassing approximately 1.0 million rentable square feet. The company has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income its stockholders. SL Green Realty was formed in 1997 and is based in New York City.