CALGARY / TheNewswire / February 23, 2026 / San Lorenzo Gold Corp. ("San Lorenzo" or the "Corporation") (TSXV: SLG) is pleased to announce that, in connection with its previously announced non-brokered private placement of units for gross proceeds of up to $15,000,000 priced at $2.51 per unit (the “Initial Offering” - see San Lorenzo news release dated February 19, 2026), due to strong investor demand, the Corporation is pleased to announce an additional private placement for gross proceeds of up to an add ...

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.Brandywine Realty Trust (NYSE:BDN)Park Hotels & Resorts Inc (NYSE:PK)SL Green Realty Corp (NYSE:SLG)Photo via Shutterstock ...

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.Brandywine Realty Trust (NYSE:BDN)Park Hotels & Resorts Inc (NYSE:PK)SL Green Realty Corp (NYSE:SLG)Photo via Shutterstock ...

Core Viewpoint - SL Green Realty's shares have significantly declined this year due to weaker earnings and a shift in its dividend policy, making the stock appear undervalued, but the 7.8% dividend yield carries associated risks [1] Company Summary - SL Green Realty is primarily focused on office properties in Manhattan, and its stock has seen a notable drop in value this year [1] - The company has adjusted its dividend policy, which has contributed to investor concerns regarding its financial stability [1] Financial Performance - The decline in SL Green's share price is attributed to weaker earnings reported this year, indicating potential challenges in its operational performance [1] - The current dividend yield stands at 7.8%, which may attract investors looking for income but also reflects underlying risks associated with the company's financial health [1]

Tenant and Lease Information - Approximately 46.3% of rentable square feet at consolidated properties and 9.3% at unconsolidated joint venture properties are scheduled to expire by December 31, 2030, with annualized escalated rent totaling $316.3 million and $206.3 million respectively[83]. - Five properties accounted for 36.6% of the portfolio's annualized cash rent as of December 31, 2025[87]. - The five largest tenants represented 15.2% of the portfolio's annualized cash rent, with Paramount Global alone accounting for 5.3%[89]. - Annualized cash rents from properties held through long-term leases or operating sublease interests totaled $225.2 million, representing 15.9% of total portfolio annualized cash rent as of December 31, 2025[86]. - Only 2.2% of the portfolio's annualized cash rent was generated by retail properties as of December 31, 2025, indicating limited exposure to retail market risks[91]. - The occupancy rate for Manhattan consolidated office properties was 87.8%, with an economic occupancy rate of 82.5%[163]. - The company has a total of 23.3 million rentable square feet in Manhattan office properties, with a combined occupancy rate of 93.0%[163]. - The total annualized cash rent for expiring leases in 2026 is projected to be $55.69 million, accounting for 9.5% of total annualized cash rent[173]. - The total square footage of expiring leases in 2026 is 810,056 square feet, which is 9.7% of the total square footage[173]. - The total annualized cash rent for the retail properties is $40.82 million, with an occupancy rate of 84.8%[165]. - The total annualized contractual cash rent for residential properties is $45.34 million, with an occupancy rate of 98.7%[165]. - The total square footage for suburban consolidated office properties is 732,800 square feet, with a leasing rate of 79.4%[164]. - The total square footage for the alternative strategy portfolio properties is 2,509,307 square feet, with a leasing rate of 59.3%[165]. - The total annualized cash rent for development/redevelopment properties is $13.05 million, with an occupancy rate of 14.1%[164]. - As of December 31, 2025, the company had 966 tenants across various sectors, contributing to a diversified tenant base[177]. - The total annualized cash rent from expiring leases is $1,311,710,716, with a weighted average rent per square foot of $99.71[175]. - The largest tenant, Paramount Global, contributes 4.4% of the company's annualized cash rent, with a total of $62,335 from 1,604,544 square feet[178]. Financial Performance - Rental revenue increased to $601.3 million in 2025, up 6.8% from $563.2 million in 2024, with a $38.1 million increase[208]. - Total revenues reached $1,003.0 million in 2025, reflecting a 13.2% increase from $886.3 million in 2024, with a $116.7 million increase[208]. - Property operating expenses rose to $405.6 million in 2025, a 18.5% increase from $342.4 million in 2024, with a $63.2 million increase[208]. - Operating income before equity in net income from unconsolidated joint ventures was $374.5 million in 2025, an 8.3% increase from $345.9 million in 2024[208]. - The company reported a net loss of $96.9 million in 2025, compared to a net income of $30.2 million in 2024, representing a 420.9% decrease[208]. - Investment income rose to $29.4 million in 2025, a 20.5% increase from $24.4 million in 2024[208]. - The company experienced a significant increase in transaction-related costs, which rose to $13.9 million in 2025, compared to $0.4 million in 2024, marking a 3,375.0% increase[208]. - Equity in net loss from unconsolidated joint ventures improved to a loss of $56.1 million in 2025, a 68.8% decrease from a loss of $179.7 million in 2024[208]. - Cash provided by operating activities decreased from $129.6 million in 2024 to $82.9 million in 2025, a decline of 35.9%[240]. - Funds from Operations (FFO) attributable to SL Green common stockholders for the year ended December 31, 2025, was $437.7 million, compared to $569.8 million in 2024 and $341.3 million in 2023[273]. Debt and Liquidity - The total principal amount of consolidated indebtedness was $4.0 billion as of December 31, 2025, including $1.2 billion in unsecured bank term loans and $2.1 billion in non-recourse mortgages[107]. - As of December 31, 2025, the total principal amount of indebtedness outstanding at joint venture properties was $12.5 billion, with the company's proportionate share being $5.9 billion[107]. - Scheduled debt payments could adversely affect cash flow, with $555.1 million of consolidated mortgage debt maturing in 2026[110]. - The company has a total mortgage debt, excluding joint venture debt, consisting of $2.1 billion in fixed rate debt with an effective weighted average interest rate of 5.40% as of December 31, 2025[250]. - As of December 31, 2025, the company had liquidity of $781.9 million, consisting of $602.5 million available under the revolving credit facility and $179.4 million in consolidated cash on hand[237]. - The total debt as of December 31, 2025, was $4.04 billion, with fixed rate debt comprising 90.9% and variable rate debt 9.1%[247]. - A hypothetical 100 basis point increase in interest rates would increase net annual interest costs by $2.3 million and joint venture annual interest costs by $4.5 million[112]. - The effective interest rate for total debt increased from 5.17% in 2024 to 5.34% in 2025[247]. - The company’s consolidated long-term debt as of December 31, 2025, was $3.7 billion, with variable rate debt indexed to SOFR accounting for 76.0% of the total debt portfolio[263][261]. Regulatory and Compliance Risks - The company is subject to significant costs to comply with climate change-related regulatory initiatives, particularly in New York City, which could lead to material fines if emissions reductions are not met[105]. - The company expects to be compliant with New York City's Local Law 97 through 2029, with no material financial impact anticipated for the properties[105]. - New York City enacted Local Law 97, setting carbon caps for large buildings starting in 2024, aiming for a 40% reduction in greenhouse gas emissions by 2030 and 80% by 2050[276]. - The company is subject to risks related to compliance with evolving laws and regulations, which may increase general and administrative expenses[143]. - Changes in U.S. federal income tax laws could materially and adversely affect the company and its stockholders[148]. - The company may incur significant costs to comply with various federal, state, and local environmental and health and safety laws[140]. Cybersecurity and Operational Risks - The cybersecurity program is designed to protect the company's information assets and operations from external and internal threats, with a risk-based approach implemented across all levels[155]. - The company has experienced cyber incidents in the past, but they were not material and are not expected to affect the business strategy or financial condition[158]. - The company maintains a cybersecurity incident response plan and monitoring program to support senior leadership and the Board[156]. - The company has implemented various measures to manage cybersecurity risks, including external testing and assessments of its cybersecurity program[155]. - The Audit Committee of the Board provides compliance oversight to the company's risk assessment and management policies[159]. Shareholder and Stock Information - The company has a stock ownership limit where no single stockholder can own more than 9.0% of the common stock to maintain REIT qualification[124]. - The trading price of the company's common stock ranged from $41.53 to $68.38 per share between January 1, 2025, and December 31, 2025[145]. - Future issuances of common stock or preferred stock could dilute existing stockholders' interests without requiring stockholder approval[146]. - The company has a share repurchase program of $3.5 billion, with 36,107,719 shares repurchased as of December 31, 2025[188]. - The company must distribute at least 90% of its taxable income to maintain REIT status, and it has consistently paid dividends since its IPO[186]. - The company expects to pay dividends to stockholders based on distributions received from its Operating Partnership, maintaining a minimum of 90% of REIT taxable income to qualify as a REIT[265]. Property and Development Insights - The company owned or held interests in 16 consolidated commercial office buildings totaling approximately 9.5 million rentable square feet as of December 31, 2025[161]. - The company categorizes properties into Same-Store, Acquisition, and Disposed categories to analyze performance effectively[207]. - SL Green Realty Corp. capitalizes costs related to property development and redevelopment, including construction and interest costs, until projects are substantially complete[199]. - The company assesses its investments for recoverability and writes down any investment to fair value if a loss is determined to be other than temporary[203]. - The company evaluates its real estate properties for impairment quarterly, considering factors such as market conditions and occupancy rates[200]. - The company may originate loans for real estate acquisition and development, accounting for them as real estate investments under the equity method when applicable[204]. - The company has developed a revised TCFD report in 2024, expanding on physical and transition risks and opportunities[277]. - The active development pipeline is set to establish standards for sustainable new construction and responsible community engagement[278]. - The company aims to manage and mitigate climate-related risks to increase the financial value of its buildings[278]. - The company leverages operational excellence to incorporate innovative design and technological solutions[278]. Market and Economic Conditions - Economic volatility and higher interest rates could adversely affect the company's liquidity and financial condition, impacting access to credit and property values[92]. - The company faces significant competition for tenants, with competitive factors including rent, location, and lease terms[84]. - The company may face challenges in acquiring properties due to competition from other investors, which could limit growth opportunities[95]. - Construction projects are subject to delays and increased costs, which could materially affect results of operations[90]. - The company relies on major properties and tenants for revenue, making it vulnerable to their financial stability and potential defaults[88][89].

Core Viewpoint - SL Green Realty's stock has experienced significant declines, dropping over 35% in the past year and nearly 40% over the last five years, primarily due to high interest rates and weak demand for office space since the pandemic [1] Group 1: Interest Rates Impact - Higher interest rates have negatively affected commercial real estate investments, increasing interest expenses and reducing cash flows available for distribution to investors [2] - The Federal Reserve has been lowering the Federal Funds Rate, which has not significantly impacted long-term rates like the 10-year Treasury, remaining high due to inflation and federal deficits [3] - A potential decrease in the 10-year Treasury rate, if inflation falls to the Federal Reserve's target of around 2%, could enhance the value of commercial real estate and SL Green's share price [3] Group 2: Office Market Dynamics - The office market has faced challenges with rising vacancies and stagnant rental rates due to companies' hesitance to commit to long-term office space amid uncertain space needs [4] - Recent data from JLL indicates a resurgence in the office sector, with leasing activity in Q4 reaching a post-pandemic high and annual leasing growing by 5.2% year-over-year [5] - Large-scale transactions in the office market surged by 15%, and office sales volume has increased for seven consecutive quarters, growing by 35% last year, suggesting a potential new growth cycle for the office market [5]

Summary of Key Points Core Viewpoint - SL Green Realty Corp. (NYSE:SLG) has received mixed ratings from analysts following its fourth-quarter earnings report, with price targets being adjusted downward by multiple firms while some maintain a positive outlook on the company's fundamentals. Group 1: Analyst Ratings and Price Targets - Goldman Sachs lowered its price target on SL Green Realty Corp. to $37 from $42 and maintained a Sell rating after updating its model following the fourth-quarter earnings [2] - BTIG reduced its price target on SL Green Realty Corp. to $70 from $75 but kept a Buy rating, citing Manhattan leasing fundamentals and fee income growth as positive factors for 2026 [2] - Truist analyst Michael Lewis cut his price target to $44 from $47 while maintaining a Hold rating, noting management's track record but cautioning about potential dilution from planned property sales and debt refinancings [2] Group 2: Earnings Report Highlights - SL Green Realty Corp. reported fourth-quarter revenue of $276.47 million, an increase from $245.88 million a year earlier [3] - The company noted a decrease in same-store cash NOI of 3.4% for the fourth quarter of 2025 and 2.0% for the year ended December 31, 2025, excluding lease termination income [3] - SL Green Realty Corp. operates as a self-managed real estate investment trust (REIT) with capabilities in various areas including property management, acquisitions, and leasing [3]

Core Viewpoint - Commercial real estate stocks have experienced significant declines due to concerns about reduced demand for office space stemming from the increased use of artificial intelligence tools [1][4]. Group 1: Stock Performance - CBRE Group Inc. shares fell 8.8%, marking a two-day decline of 20%, the worst since 2020 [1]. - Other notable declines include Jones Lang LaSalle Inc. down 7.6%, Cushman & Wakefield Ltd. down 12%, and Newmark Group Inc. down 4.2% [1]. - An index tracking office real estate companies retreated by 4.2%, with major decliners including SL Green Realty Corp., Cousins Properties Inc., Kilroy Realty Corp., and BXP Inc. [2]. Group 2: Market Sentiment - Concerns regarding AI's impact on office space demand have been present for some time, but recent selloffs have intensified [2]. - Analysts describe the current market environment as a "ready fire aim" scenario, where investors react sharply to even minor earnings misses due to fears of AI disruption [3]. - The selloff is part of a broader trend referred to as the "AI scare trade," affecting various sectors including software, private credit, and logistics [3][4]. Group 3: Analyst Insights - Analysts have noted that the market is pricing in potential mass job losses in office-using sectors due to AI advancements [4]. - Some analysts caution that the recent steep selling may be an overreaction and could be misjudging the actual risks involved [5].

Core Viewpoint - SL Green Realty Corp. will participate in a roundtable discussion at Citi's 31st Annual Global Property CEO Conference on March 2, 2026, featuring key executives including the Chairman and CEO, Chief Investment Officer, and Chief Financial Officer [1]. Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties [3]. - As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet, which includes ownership interests in 28.0 million square feet of Manhattan buildings and 2.7 million square feet related to debt and preferred equity investments [3].

Core Viewpoint - SL Green Realty Corp. will participate in a roundtable discussion at Citi's 31st Annual Global Property CEO Conference on March 2, 2026, highlighting its position as New York City's largest office landlord [1]. Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties [3]. - As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet, which includes ownership interests in 28.0 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments [3]. Event Details - The roundtable discussion featuring key executives, including the Chairman and CEO, Chief Investment Officer, and Chief Financial Officer, will be webcasted for investors [1][2].