Core Insights - SSR Mining Inc. has temporarily suspended operations at the Seabee mine in Canada due to power outages caused by nearby forest fires [1][8] - The Seabee mine produced 26,001 ounces of gold in Q1 2025, reflecting a year-over-year increase of 9.4% [2][8] - Despite the operational halt, SSR Mining's shares rose by 3% and reached a 52-week high of $13.33, driven by high gold and silver prices [4][8] Production and Financial Outlook - SSR Mining expects the Seabee mine to produce between 70,000 to 80,000 ounces of gold for the full year of 2025 [3] - The cost of sales for the mine is projected to be between $1,230 and $1,270 per payable ounce, with an all-in sustaining cost (AISC) anticipated to be between $1,710 and $1,750 per payable ounce for 2025 [3] Market Performance - Silver prices have reached a 13-year high above $36 per ounce, while gold prices have also seen significant increases, currently around $3,320 per ounce [5] - SSR Mining's share price has surged by 147.9% over the past year, contrasting with a 2.2% decline in the industry [7] Strategic Moves - The recent acquisition of the Cripple Creek & Victor mine from Newmont Corporation positions SSR Mining as the third-largest gold producer in the United States, expected to boost annual production by 170,000 ounces of gold [6]

Day在最新研判中指出，黄金市场正迎来多重基本面支撑：全球央行购金步伐持续加速，地缘政治不确 定性推升避险需求，同时主要经济体财政可持续性担忧不断发酵。经济合作与发展组织（OECD）本周 将2024年全球经济增长预期大幅下调至1.6%，直指美国贸易保护主义政策对全球贸易体系的冲击。该 预期修正直接导致美元指数承压，为金价连续第三周上涨奠定基础。 国际贵金属市场持续走强，现货黄金价格稳守2350美元/盎司关口，白银价格突破34美元/盎司，创2012 年以来新高。知名投资管理人Adrian Day近日警示，当前市场对矿业企业的估值存在显著偏差，且全球 金融体系正面临潜在流动性危机，这或将迫使美联储于三季度重启量化宽松政策。 值得关注的是，Day提出美国财政部或将在三季度面临资金枯竭风险。他分析认为，当财政融资压力突 破临界点时，美联储将被迫通过扩大资产负债表提供流动性支持。"相较于单纯降息，重启量化宽松的 概率显著更高，市场关注焦点已从就业市场转向政府偿债能力。"这一判断与此前主流预期存在明显分 歧。 在资产配置层面，Day强调矿业板块存在显著价值洼地。以Agnico Eagle Mines为例，尽管当前利润率处 ...

Summary of BXP Conference Call Company Overview - The conference call was hosted by BMO Capital Markets featuring BXP (formerly known as Boston Properties) with key executives including Owen Thomas (Chairman and CEO), Doug Linde (President and Director), and Mike LaBelle (CFO) [1][2] Core Industry Insights - **Leasing Activity**: BXP reported a significant increase in leasing activity, with a 30% rise in leases executed in the first quarter compared to the same period in the previous year [3][4] - **Occupancy Rates**: Current occupancy is approximately 87%, with potential to increase as rollover exposure in 2026 and 2027 is under 5% [5][12] - **Development Pipeline**: The company is set to deliver a major project, 290 Binney Street, which is 100% leased to AstraZeneca, expected to add $45 million to $50 million in cash flow [6][46] Financial Performance - **Funds from Operations (FFO)**: Each percentage point increase in occupancy translates to approximately $0.20 per share in FFO, indicating a strong opportunity for growth [5] - **Asset Sales**: BXP is actively selling non-producing assets, with four land parcels under contract expected to generate about $75 million in proceeds [7][50] Market Dynamics - **Regional Performance**: Manhattan is identified as the strongest market, with high demand and limited availability leading to double-digit rent increases. Other strong markets include Back Bay of Boston and Northern Virginia [15][16] - **West Coast Challenges**: The West Coast, particularly San Francisco, is experiencing slower demand, primarily driven by technology firms, with a need for more substantial growth from smaller companies to impact the market positively [18][20] Acquisition Strategy - BXP is continuously looking for acquisition opportunities, particularly in a market where they believe interesting prices may be available. However, finding suitable premier workplace assets has proven challenging due to low availability [25][27] - The company is focusing on development opportunities, with a notable project in Washington, D.C., where they have secured leases before committing to build [44][48] Future Outlook - **343 Madison Development**: BXP plans to move forward with the 343 Madison project, anticipating an average rent of over $200 per square foot, with a projected completion for tenant build-out by early 2029 [36][43] - **Residential Development**: BXP is exploring mixed-use developments and residential projects, leveraging their land holdings in suburban areas to meet housing demand [56][58] Key Risks and Considerations - The company acknowledges potential market volatility and external factors such as tariffs and policy changes that could impact leasing and development activities [60] Conclusion - BXP is positioned for growth with strong leasing activity, a robust development pipeline, and strategic asset sales, while navigating challenges in certain markets and focusing on future opportunities in both commercial and residential sectors [8][60]

Core Insights - The Ensign Group Inc. (ENSG) has expanded its operations by acquiring three skilled nursing facilities in Idaho and California, effective June 1, 2025 [1][8] - The acquisitions align with ENSG's strategy of targeted acquisitions and leasing, which will reduce capital expenses and enhance revenue generation [2][8] - The company’s skilled services segment saw a revenue increase of 15.9% year-over-year to $1.1 billion in Q1 2025, driven by higher occupancy rates and improved patient days [3] Acquisition Details - The acquired facilities include Ironwood Rehabilitation and Care Center (80 beds) and Lakeside Rehabilitation and Care Center (100 beds) in Coeur d'Alene, ID, and Toluca Lake Transitional Care (52 beds) in North Hollywood, CA [1][8] - The Idaho properties will operate under a triple-net lease agreement with a third-party landlord [2][8] - These acquisitions bring ENSG's total operational count to 347 healthcare facilities across 17 states [2][8] Growth Strategy - ENSG's interest in both well-performing and underperforming facilities indicates a strong belief in its operational turnaround capabilities [4] - The company aims to acquire more real estate assets and senior living operations in the long term [4] Stock Performance - Over the past year, ENSG shares have increased by 22.2%, outperforming the industry growth of 13.5% [5]

Easterly Government Properties (DEA) 2025 Conference June 03, 2025 09:30 AM ET Speaker0 Good morning, everyone. My name is John Kim with BMO Capital Markets. It's my pleasure to be moderating this presentation of Easterly Government. With me today, Daryl Crate, CEO and Allison Marino, Chief Financial Officer of the company. I thought maybe we'd just start off with opening remarks and why investors should invest in DEA today. Speaker1 Great. Yeah. So so so for those of you who aren't familiar with Easterly G ...

China: 70-city average primary property prices fell further in April Bottom line: 19 May 2025 | 12:53PM HKT The National Bureau of Statistics' 70-city house price data suggest the weighted average property price in the primary market decreased by 1.7% mom annualized in April after seasonal adjustments. The divergence between top-tier and lower-tier cities persists. Tier-1 cities continued to show sequential increases in primary home prices in April, but prices in Tier-2 and Tier-3 cities declined sequential ...

Curbline Properties (NYSE:CURB) is a high-end shopping center REIT focused on small shop retail in high household income areas. It was spun off from Site Centers (SITC) in October 2024. With a couple of quarters under its belt as an independent company, we are adding it to our coverage universe at Portfolio Income Solutions. This article will discuss CURB’s: Property portfolio Leasing performance Growth prospects Valuation Risks Our overall take on the stock Let’s get to it. Property Portfolio Curbline ow ...

转自：前瞻产业研究院 行业主要上市公司：江苏金租(600901.SH)、国银金租(01606.HK)、渤海租赁(000415.SZ)、远东宏信 (03360.HK)、海通恒信(01905.HK)等 本文核心数据：企业数量;投放规模;投放领域;企业市占率等 ——广东省融资租赁发展环境：多方面推动融资租赁行业发展 ——广东省融资租赁企业数量：占全国比重超30% 由于融资租赁牌照的发放主要集中在上海的部分区域、南沙、天津等地，大部分企业选择在这些地区注 册，以获取牌照资源。然而，尽管注册地相对集中，这些企业在实际开展业务时却不受地域限制，能够 在全国范围内展业。 截至2024年6月底，广东省融资租赁企业数量已达到2869家，占全国总数的33.09%，是唯一一个占比超 过30%的省市。其中，广东省拥有6家金融租赁企业、33家内资租赁企业，以及2830家外资租赁企业。 ——广东省投放规模：2024年投放规模超2000亿元 广东融资租赁市场发展环境优越，得益于政府的大力政策支持、优化的区域布局、突出的跨境合作优 势、雄厚的产业基础、丰富的金融资源、创新与多元化的发展模式以及完善的人才与组织保障。这些因 素共同为融资租赁行 ...

融资租赁评估方法的选择原则 1. 根据评估目的选择： • 若评估目的是为了保险索赔，可能更侧重于成本法，以准确计算资产的重置成本和损失。 • 若评估目的是为了企业并购或股权转让，则可能更侧重于收益法或退出倍数法，以反映企业的未来盈利能 力。 3. 考虑数据可获得性： • 若能获取到充分、可靠的历史收益数据和未来收益预测数据，收益法可能是首选。 • 若能找到足够多的可比交易案例，且这些案例与目标资产具有较高的可比性，则市场法可能更为适用。 • 若资产的重置成本和损耗数据易于获取，则成本法可能更为可行。 4. 考虑市场条件： • 在市场活跃、交易频繁的情况下，市场法可能更能反映资产的真实价值。 2. 根据租赁资产类型选择： • 对于能产生稳定收益的资产，如生产设备、商业地产等，收益法可能更为合适。 • 对于标准化程度高、市场交易活跃的资产，如车辆、通用设备等，市场法可能更为简便易行。 • 对于定制化程度高、市场交易不活跃的资产，如特殊用途设备、非标生产线等，成本法可能更为准确。 • 在可能的情况下，可以结合多种方法进行评估，以相互验证、提高评估结果的准确性和可靠性。例如，可 以同时使用收益法和市场法进行评估，然后 ...

12 May 2025 | 9:55AM HKT China: Exports resilient into early Q2; pushing back our policy easing assumptions Bottom line: Chinese exports surprised to the upside in April due to trade re-routing. Both the US and China said trade talks in Geneva on May 10-11 were "constructive". Although we still forecast a material export slowdown in coming months, it is happening more slowly than we initially anticipated. We recently adjusted our export volume growth forecast for 2025 to -5% from -10% previously. This reduc ...