Company: SLG-PI
Filing Date: 2025-05-23
Form Type: DEFA14A
Source: 0001104659-25-052509
Chunk: 1

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-23
Form: DEFA14A
Chunk 1
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 year in a row. Underscoring our long-term sustained outperformance, SL Green is one of only three U.S.
Office REITs to have delivered positive shareholder return over the last five-year period.

The following highlights our outperformance relative to the Office
REIT sector and our NYC peers, both of which we also utilize as the peer group in determining outcomes for long-term performance-based
incentives.

<div align='center'>Total Stockholder Return Highlights</div>

|         |     | Among U.S. Officer Peers* |     |               |   |     | Among NYC Peers* |     |               |   |
|         |     | SLG Rank                  |     | Exceeded Peer 
     Median By |   |     | SLG Rank         |     | Exceeded Peer 
     Median By |   |
| FY 2024 |     | #1                        |     |            44 | % |     | #1               |     |            50 | % |
| FY 2023 |     | #1                        |     |            46 | % |     | #1               |     |            24 | % |
| 3 Year  |     | #4                        |     |            47 | % |     | #3               |     |             3 | % |
| 5 Year  |     | #3                        |     |            45 | % |     | #2               |     |            25 | % |

*U.S. Office Peers include the constituents of the Bloomberg North
American Office REIT Valuation Peers Index and NYC Peers include Acadia Realty Trust, Empire State Realty Trust, Inc., Veris Residential, Inc.,
Paramount Group, Inc. and Vornado Realty Trust, with SLG excluded, in each case, from the calculation of the peer median.

In addition to the stellar absolute and relative TSR delivered, in
fiscal 2024, the Company also outperformed against preset key financial and operational goals based on the 2024 goals that were presented
at our Institutional Investor Conference on December 4, 2023. The Company achieved or exceeded target performance goals for each
of the key metrics evaluated to determine our annual incentives, and four of the five operational performance goals that underpin our
2024 performance equity incentives.

Our CEO’s New Employment Agreement Is Another Example of Our Compensation Committee’s Longstanding Responsiveness to Stockholder Feedback

We strongly disagree with the statement