Asset ValuationSLG acquired 346 Madison and 11 East 44th St. at a discount, which may accommodate a significant development.
EarningsSLG raised FY’25 FFO guidance to $5.65-$5.95, up $0.40 at the midpoint, which reflects incremental income from 522 Fifth offset by reserves on 625 Madison & incremental interest expense.
External Growth OpportunitiesSLG is seeking external growth opportunities, including acquisitions, development land, and new funds.