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Financial Data and Key Metrics Changes - The company's earnings for Q1 2025 exceeded both street expectations and internal projections significantly, with strong performance in NOI and leasing results [6][7][10] - The company closed nearly $200 million worth of DPE investments in the past nine months and is negotiating a pipeline of over $1.2 billion in new debt investments [10][12] Business Line Data and Key Metrics Changes - The debt-related businesses are expected to account for increasing profits, with management indicating that these earnings are a meaningful component of the company's identity [11][12] - The acquisition of 500 Park was completed, achieving 100% occupancy shortly after, and a significant improvement program is planned to increase rents [12][13][76] Market Data and Key Metrics Changes - The CNBS market for New York City office properties saw $6.9 billion completed year-to-date in 2025, a significant increase compared to previous years [32] - The company noted a fight for quality in the market, with New York City demonstrating resilience and positive momentum despite macroeconomic turbulence [31][34] Company Strategy and Development Direction - The company remains focused on both growing its equity portfolio and capitalizing on opportunities in the commercial debt market, with a strong emphasis on high-quality office development sites in Midtown Manhattan [12][49] - Management is optimistic about the long-term viability of the New York market, indicating a commitment to significant new developments despite current market uncertainties [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the leasing pipeline, noting that there has not yet been a slowdown in tenant activity despite macroeconomic challenges [25][60] - The company is confident in its ability to meet its leasing targets for the year, with a strong start in Q1 and expectations for continued demand driven by a return to office trends [71][72] Other Important Information - The Summit One Vanderbilt has become a leading experiential attraction in New York City, setting a ticket pre-sale record recently, indicating strong demand despite concerns over international tourism [14][120] - The company is actively pursuing office-to-residential conversions, with several viable projects underway that could significantly reduce available office space in the market [110] Q&A Session Summary Question: Can you discuss the trends in pre-built spaces and their economic rent potential? - Management indicated that pre-builds are essential for competitiveness, especially for smaller tenants, and they have a competitive advantage in executing high-quality designs [19] Question: How do you assess the impact of market sell-offs on leasing activity? - Management noted that there has been no slowdown in their pipeline, with an increase in tenant activity despite recent market disruptions [25] Question: What are the trends in the overall debt financing markets? - Management expects some turbulence in credit markets but believes New York City will remain resilient, with a strong demand for tangible assets [31][34] Question: Can you provide updates on your leasing targets and occupancy rates? - Management remains confident in achieving their leasing targets, with a strong start in Q1 and ongoing demand for office space [71][72] Question: What is the status of the casino license process? - The process is moving forward, with expectations for local approval by September and a license award by year-end [56] Question: How are concessions and free rents trending in the market? - Concessions have remained stable, with potential tightening in certain submarkets as face rents increase [65] Question: What is the outlook for the office-to-residential conversion opportunities? - Management sees a significant volume of conversion candidates and anticipates that this trend will firm up the market over time [110]

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in- house capabilities in property management, acquisitions and dispositions, debt investing, financing, development, redevelopment, construction and leasing. As of March 31, 2025, the Company held interests in 55 buildings totaling 30.8 million square feet. This included ownership interests in 27.2 million square feet in Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Question ...

SL Green Realty Corp. (SLG) reported first-quarter 2025 funds from operations (FFO) per share of $1.40, which surpassed the Zacks Consensus Estimate of $1.27. The company had reported an FFO of $3.07 per share in the year-ago period, including $2.02 per share of gain on discounted debt extinguishment at Herald Square and $0.07 per share of positive non-cash fair value adjustments on mark-to-market derivatives.The results reflected improved average rental rates on the Manhattan office leases signed in the pe ...

SL Green (SLG) reported $144.52 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 12.7%. EPS of $1.40 for the same period compares to $0.20 a year ago.The reported revenue represents a surprise of +2.74% over the Zacks Consensus Estimate of $140.66 million. With the consensus EPS estimate being $1.27, the EPS surprise was +10.24%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

SL Green (SLG) came out with quarterly funds from operations (FFO) of $1.40 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to FFO of $3.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 10.24%. A quarter ago, it was expected that this commercial real estate investment trust would post FFO of $1.53 per share when it actually produced FFO of $1.45, delivering a surprise of -5.23%.Over the last four ...

Financial and Operating Highlights Net loss attributable to common stockholders of $0.30 per share for the first quarter of 2025 as compared to net income of $0.20 per share for the same period in 2024.Funds from operations ("FFO") of $1.40 per share for the first quarter of 2025, inclusive of $3.1 million, or $0.04 per share, of negative non-cash fair value adjustments on mark-to-market derivatives. The Company reported FFO of $3.07 per share for the same period in 2024, which included $141.7 million, or $ ...

Analysts on Wall Street project that SL Green (SLG) will announce quarterly earnings of $1.27 per share in its forthcoming report, representing a decline of 58.6% year over year. Revenues are projected to reach $140.66 million, increasing 9.7% from the same quarter last year.The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ov ...

CALGARY – TheNewswire - April 9, 2025 - San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV: SLG) is pleased to announce assay results from the second hole on its Arco de Oro target gold target. San Lorenzo also provides an update on preliminary results from the third hole drilled on the target. Arco de Oro is located within San Lorenzo's flagship Salvadora property in Chile. SAL 02–25 The table below provides the assay results from Hole SAL 02-25: | | Intercept | From (m) | To (m) | Width (m) | A ...

NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced the appointment of Peggy Lamb as an Independent Director to the company's Board of Directors. Ms. Lamb has more than thirty years of experience in the real estate industry. She currently serves as Managing Director of Halstatt, LLC and as a principal in the Halstatt Real Estate Partners private equity real estate funds, where she is responsible for originating, underwriting, s ...