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This 4.8%-Yielding Office REIT Is Giving Its Investors Something Special Again This Year


Manhattan's largest office landlord, SL Green Realty (NYSE: SLG), has faced its share of headwinds due to the pandemic's impact on the city's office market. However, that hasn't stopped the company from finding ways to grow shareholder value. It's continued to lease space in its properties, execute its development projects, and enhance its portfolio.

These moves are paying dividends, quite literally, for shareholders. The office-focused real estate investment trust (REIT) recently increased its regular dividend and declared a special dividend. Here's a closer look at what's driving these moves.

Image source: Getty Images.

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Source Fool.com

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