Financial Performance - SL Green reported quarterly funds from operations (FFO) of $1.40 per share, exceeding the Zacks Consensus Estimate of $1.27 per share, but down from $3.07 per share a year ago, indicating a FFO surprise of 10.24% [1] - The company posted revenues of $144.52 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.74%, compared to $128.2 million in the same quarter last year [2] - Over the last four quarters, SL Green has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - SL Green shares have declined approximately 23.3% since the beginning of the year, while the S&P 500 has decreased by 8.3% [3] - The future performance of SL Green's stock will largely depend on management's commentary during the earnings call and the company's FFO outlook [3][4] - The current consensus FFO estimate for the upcoming quarter is $1.39 on revenues of $141.1 million, and for the current fiscal year, it is $5.42 on revenues of $565.3 million [7] Industry Context - The REIT and Equity Trust - Other industry, to which SL Green belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, which could impact SL Green's stock performance [5][6]

Financial Performance - The company reported a net loss attributable to common stockholders of $21.1 million, or $0.30 per share, for Q1 2025, compared to a net income of $13.1 million, or $0.20 per share, in Q1 2024 [3][5] - Funds from operations (FFO) for Q1 2025 were $106.5 million, or $1.40 per share, which included $25.0 million related to a commercial mortgage investment resolution and $3.1 million of negative non-cash fair value adjustments [4][5] - Same-store cash net operating income (NOI) increased by 2.4% for Q1 2025, excluding lease termination income, compared to the same period in 2024 [7][8] Leasing Activity - The company signed 45 office leases in Manhattan totaling 602,105 square feet in Q1 2025, with an average rent of $83.75 per rentable square foot and an average lease term of 9.8 years [8][9] - The mark-to-market on signed Manhattan office leases was 3.1% lower than previous fully escalated rents [8] - Manhattan same-store office occupancy was 91.8% as of March 31, 2025, with expectations to increase to 93.2% by December 31, 2025 [9] Investment Activity - The company closed on the sale of 85 Fifth Avenue for a gross asset valuation of $47.0 million, generating net proceeds of $3.2 million [10][12] - The acquisition of 500 Park Avenue for $130.0 million was financed with an $80.0 million mortgage, which was swapped to a fixed rate of 6.57% through February 2028 [11][12] - The company also acquired a 49.9% interest in 100 Park Avenue for $14.9 million and closed on the sale of six Giorgio Armani Residences at 760 Madison Avenue, generating net proceeds of $93.3 million [12] Debt and Preferred Equity - The carrying value of the company's debt and preferred equity portfolio was $537.6 million as of March 31, 2025, with a weighted average current yield of 7.5% [13][14] - The company invested $28.3 million in real estate debt and commercial mortgage-backed securities during Q1 2025 [14] ESG Highlights - The company was recognized as a GRESB Sector Leader in the Mixed-Use Residential Real Estate sector, earning a Green Star designation and a 5-star rating [16] - It ranked in the 95th percentile of a global peer set assessed by S&P CSA (DJSI) and was listed as a Sustainability Yearbook Member for the fourth consecutive year [17]

Core Viewpoint - Analysts project that SL Green (SLG) will report quarterly earnings of $1.27 per share, reflecting a year-over-year decline of 58.6%, while revenues are expected to reach $140.66 million, an increase of 9.7% from the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised downward by 0.6% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Revenues- Investment income' to be $8.44 million, representing a 14% increase from the previous year [5] - 'Revenues- Rental revenue including Escalation and reimbursement revenues' is projected to reach $157.37 million, indicating an 11.2% year-over-year change [5] - The consensus for 'Revenues- Other income' stands at $20.73 million, reflecting a significant year-over-year increase of 55% [5] Depreciation and Amortization - Analysts expect 'Depreciation and amortization' to be $52.26 million, compared to $48.58 million reported in the same quarter last year [6] Stock Performance - SL Green shares have returned -11.4% over the past month, underperforming compared to the Zacks S&P 500 composite's -6.1% change, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [7]

Core Insights - San Lorenzo Gold Corp. announced assay results from the second hole (SAL 02-25) on its Arco de Oro gold target, showing significant gold grades and extending the strike length of the vein system by approximately 250 meters to the southeast [1][2] - Preliminary results from the third hole (SAL 03-25) indicated anomalous gold values but were deemed unreliable due to wide spacing and intermittent results, prompting a detailed field investigation [2] - The company plans to initiate an IP survey to expand geophysical coverage at both Arco de Oro and Cerro Blanco, followed by the next phase of drilling [3] Assay Results - Hole SAL 02-25 reported an intercept of 4.4 meters at 6.52 g/t Au, with a notable inclusion of 1.2 meters at 9.54 g/t Au [1] - The vein system has been confirmed to extend over 1.3 kilometers of strike length and at depths up to 300 meters, remaining open in all directions [1] Future Plans - San Lorenzo will conduct an IP survey to enhance geophysical coverage and will follow up with further drilling [3] - The company is focused on advancing its flagship Salvadora property, which is believed to contain significant gold and copper enriched systems [5]

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 [5] - As of December 31, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet, including ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments [5] Leadership Appointment - Peggy Lamb has been appointed as an Independent Director to SL Green's Board of Directors, bringing over thirty years of experience in the real estate industry [1][2] - Ms. Lamb currently serves as Managing Director of Halstatt, LLC, where she is responsible for originating, underwriting, structuring, and managing real estate transactions [2] - Marc Holliday, Chairman and CEO of SL Green, expressed confidence in Ms. Lamb's ability to assist the company in formulating and executing growth strategies through various market cycles [3] Ms. Lamb's Background - Ms. Lamb has a notable background, having worked at Goldman Sachs in investment banking for fifteen years and serving on the boards of Starwood REIT and Starwood Credit [4] - She holds an M.B.A. from Harvard Business School and a B.S. from the University of Illinois, and is involved in real estate advisory boards for the University of Florida and Florida Gulf Coast University [4] Market Position - SL Green is recognized as the market leader in Manhattan's office sector, with a strong portfolio and a strategic approach that positions the company to capitalize on a resurgent New York City market [3]

Core Viewpoint - SL Green Realty Corp. will release its earnings for Q1 2025 on April 16, 2025, followed by a conference call on April 17, 2025, to discuss the financial results [1][2]. 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 [4]. - As of December 31, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet, which includes ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments [4].

 CALGARY – TheNewswire - March 17, 2025 - San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV: SLG) is pleased to announce assay results from the second and third recently drilled holes on its Cerro Blanco gold/copper porphyry target.  Cerro Blanco is located within San Lorenzo’s flagship Salvadora property in Chile.San Lorenzo’s VP Exploration, Terence Walker commented on the Cerro Blanco results: “this was a wide spaced reconnaissance program.  We are pleased that all three holes returned signi ...

SL Green Realty Corp. (SLG) has been receiving a positive response from its existing tenants, as indicated by its recent leasing efforts. This office real estate investment trust (REIT) recently inked a fifteen-year, 144,418-square-foot renewal and expansion lease with Newmark & Company Real Estate, Inc. at 125 Park Avenue.Since the beginning of the year through March 3, 2025, SL Green has signed Manhattan office leases totaling 455,008 square feet, while maintaining a current pipeline of approximately 975, ...

CALGARY – TheNewswire - March 3, 2025 - San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV: SLG) is pleased to announce assay results from the first of 3 recently drilled holes on its Cerro Blanco gold/copper porphyry target as well as partial results from the first of 3 holes recently drilled on its Arco de Oro epithermal gold target. Cerro Blanco and Arco de Oro are targets located within San Lorenzo’s flagship Salvadora property in Chile.San Lorenzo’s CEO Al Kroontje commented that “it’s extr ...

NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced it has signed a fifteen-year, 144,418 square foot renewal and expansion lease with Newmark & Company Real Estate, Inc. at 125 Park Avenue, increasing Newmark’s current footprint to 184,239 square feet. To date in 2025, SL Green has signed Manhattan office leases totaling 455,008 square feet, while maintaining a current pipeline of approximately 975,000 square feet. “We are ple ...