SL Green buying back another $500M in stock

SL Green Realty is increasing its share repurchase program by $500 million, which brings the total value to $2 billion. The real estate investment trust has so far used the program to repurchase about 15 million shares, according to an 8-K regulatory filing on Thursday. “As we continue to evaluate the best use of capital, the purchase of our stock, which is highly discounted relative to the value of our underlying assets, remains an extremely […]

Source: Real Estate

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