SL Green Realty Corp. Declares Dividend

SL Green Realty Corp., a self-administered and self-managed real estate investment trust (REIT), has announced the declaration of a dividend of $0.375 per share of common stock for the quarter ending March 31, 2009. The dividend is payable on April 15, 2009, to shareholders of record at the close of business on March 31, 2009. Additionally, the company's Board of Directors has declared regular quarterly dividends on the Series C and D Preferred Stock for the period January 15, 2009, through and including April 14, 2009.

The dividend payments reflect the company's commitment to providing regular returns to its shareholders. SL Green Realty Corp. has a significant presence in the New York City office market, with a portfolio of 29 properties totaling approximately 23,211,200 square feet. The company's focus on acquiring, owning, repositioning, and managing Manhattan office properties has established it as the largest office landlord in New York.

Key Takeaways:

• The Board of Directors of SL Green Realty Corp. has declared a dividend of $0.375 per share of common stock for the quarter ending March 31, 2009.
• The dividend is payable on April 15, 2009, to shareholders of record at the close of business on March 31, 2009.
• The regular quarterly dividends on the Series C and D Preferred Stock for the period January 15, 2009, through and including April 14, 2009, are equivalent to annualized dividends of $1.9064 and $1.9688, respectively.
• SL Green Realty Corp. has a portfolio of 29 New York City office properties totaling approximately 23,211,200 square feet.
• The company's Series C Preferred Stock carries an annual dividend of $600,000, while its Series D Preferred Stock has an annual dividend obligation of $650,000.
• SL Green Realty Corp. has a presence in the suburban office market through its ownership interests in 34 properties totaling 7,656,500 square feet.

Statistics:

• Dividend per share of common stock: $0.375
• Number of properties in the SL Green Realty Corp. portfolio: 29
• Total square footage of the company's New York City office properties: 23,211,200 square feet
• Dividends on Series C Preferred Stock for the period January 15, 2009, through and including April 14, 2009: $1.9064 (annualized)
• Dividends on Series D Preferred Stock for the period January 15, 2009, through and including April 14, 2009: $1.9688 (annualized)
• Total dividend obligation for the Series C Preferred Stock: $600,000 (annual)
• Total dividend obligation for the Series D Preferred Stock: $650,000 (annual)

Sources:

• SL Green Realty Corp. press release, dated March 31, 2009
• SL Green Realty Corp. website, www.slgreen.com
• Investor Relations, 212-216-1601