Real Estate Sales Are Booming; Estimated to Exceed $160 Billion in 2021 - Seite 4

VORNADO REALTY TRUST (NYSE:VNO) recently announced a dividend on its recently issued Series N Cumulative Redeemable Preferred Shares for the partial period of November 24, 2020 (settlement date) through December 31, 2020 of $.1348958 per share. This dividend is payable on January 4, 2021 to shareholders of record on December 15, 2020.

The company also recently announced the pricing of a public offering of $300 million perpetual 5.25% Series N Cumulative Redeemable Preferred Shares, at a price of $25.00 per share, pursuant to an effective registration statement. The offering is expected to close November 24, 2020, subject to customary closing conditions. The Company may redeem the Series N Preferred Shares at a redemption price of $25.00 per share on and after November 24, 2025. BofA Securities, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities, acted as joint book-running managers. The Company will use the net proceeds for general business purposes.

SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, recently announced that it will release its earnings for the fourth quarter of 2020 on Wednesday, January 27, 2021 after market close.

The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, January 28, 2021 at 2:00 pm ET to discuss the financial results.  Simultaneous with the earnings release, supplemental data will be made available in the Investors section of the SL Green Realty Corp. website under "Financial Reports".

SL Green Realty Corp., an S&P 500 company and Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2020, SL Green held interests in 93 buildings totaling 40.6 million square feet. This included ownership interests in 29.2 million square feet of Manhattan buildings and 10.3 million square feet securing debt and preferred equity investments.

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by Presidio Property Trust, Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.