Latest news with #SLGreenRealty
The Age
11 hours ago
- Business
- The Age
‘Communist Lunatic': Trump, Wall Street billionaires rattled by shock New York result
'I cannot promise that you will always agree with me,' Mamdani said. 'But I will never hide from you.' At the heart of his success was a social media campaign — populist economic proposals and progressive cultural ideas packaged in slick videos designed to go viral. Just on Tuesday, he appeared in an Instagram video with Emily Ratajkowski, who has over 29 million followers on the platform. The model and actress wore a 'Hot Girls for Zohran' t-shirt and urged voters to go to the polls. It was typical of the savvy and hustle that helped Mamdani amass an army of tens of thousands of volunteers, who relentlessly knocked on doors, stood on street corners and posted on social media to exhort voters. They evangelised his policies: Free childcare, cheaper groceries at government-owned stores, free bus rides, a rent freeze and more — much of it paid for with tax hikes on the rich. Not mentioned: Those tax increases would need approval from New York State Governor Kathy Hochul, who has said she is opposed to the idea. Mamdani also wants to raise $US70 billion ($107.5 billion) in debt, another effort that has little chance of succeeding. Panic sets in Still, in the moneyed corridors of Manhattan, wild forecasts of doom are taking hold. Wall Street headhunter Michael Nelson said the mood is grim among clients who typically make more than $US1 million a year. 'This will be the end of New York City as we know it' is how his deep-pocketed clients are reacting to the prospect of Mamdani winning in November, he said. Already, stocks of companies tied to New York City real estate are getting hit. Flagstar Financial, a lender to apartment buildings, dropped as much as 6.7 per cent on Wednesday before closing 3.9 per cent lower. Corporate landlords Empire State Realty, SL Green Realty and Vornado Realty all fell. The city's elite had backed Cuomo, a member of the Democratic old guard who was considered the favourite in the race even in its final days. At 67, he was the oldest candidate in the race and pitched himself as a seasoned moderate who can manage New York's problems — from crime in the subways to a universally acknowledged affordability crisis. Billionaires including Michael R. Bloomberg as well as Bill Ackman, Loeb and Vornado's Steven Roth supported his campaign. Cuomo's PAC, Fix the City, raised nearly $US25 million — an unheard of sum in a primary race for mayor. But many of the ads backing him focused on painting Mamdani as a bad choice for the city, rather than laying out Cuomo's own vision for governance. The former New York governor, who stepped down from that job following a string of sexual harassment allegations that he denies, didn't just have money on his side. Stalwart figures of the Democratic establishment such as former President Bill Clinton endorsed him. Mamdani, meanwhile, was backed by progressive stars like Democratic Congresswoman Alexandria Ocasio-Cortez and Senator Bernie Sanders. There are signs that at least some on Wall Street might be warming to the democratic socialist candidate. 'While we might disagree on certain issues, we should always be hopeful that Mamdani — if he ends up being elected mayor — can unite the city to address its critical education, public safety, housing and economic development needs,' said Ralph Schlosstein, former head of Evercore and a longtime Democrat. But so far that sentiment is limited. Ackman, another longtime Democrat before he became one of President Donald Trump's most-vocal supporters, blasted Mamdani by claiming that his policies would bankrupt New York. The investor didn't respond to a request for comment on the results of the election. Rich Farley, a veteran Wall Street lawyer, said many of the city's wealthy are likely to see the November general election as a make-or-break moment. Should Mamdani prevail, 'the folks who can easily unplug and move elsewhere are going to think very seriously about plans to do that.' Ahead of that race, ultra-wealthy donors have to decide if and how they will oppose Mamdani. Cuomo, who has signalled he may run as an independent, has to persuade backers that he is a more viable candidate outside of the closed Democratic primary system. If he stays in the race, he will compete against the Republican candidate Curtis Sliwa and current mayor Eric Adams, who is also running as an independent and didn't take part in the primary after a corruption scandal. But others on Wall Street may choose a more radical option. Loading 'I've already talked to hedge fund guys who have told me they have got a foot out the door,' said Eric Rosen, a former senior JPMorgan trader and hedge fund executive. 'I left New York City 8 years ago because I didn't like the way the city was being run,' he said. 'I sold my Park Ave. co-op and it's now down 25 per cent and my house in Florida is up 250 per cent. The market has spoken.'
Sydney Morning Herald
11 hours ago
- Business
- Sydney Morning Herald
‘Communist Lunatic': Trump, Wall Street billionaires rattled by shock New York result
'I cannot promise that you will always agree with me,' Mamdani said. 'But I will never hide from you.' At the heart of his success was a social media campaign — populist economic proposals and progressive cultural ideas packaged in slick videos designed to go viral. Just on Tuesday, he appeared in an Instagram video with Emily Ratajkowski, who has over 29 million followers on the platform. The model and actress wore a 'Hot Girls for Zohran' t-shirt and urged voters to go to the polls. It was typical of the savvy and hustle that helped Mamdani amass an army of tens of thousands of volunteers, who relentlessly knocked on doors, stood on street corners and posted on social media to exhort voters. They evangelised his policies: Free childcare, cheaper groceries at government-owned stores, free bus rides, a rent freeze and more — much of it paid for with tax hikes on the rich. Not mentioned: Those tax increases would need approval from New York State Governor Kathy Hochul, who has said she is opposed to the idea. Mamdani also wants to raise $US70 billion ($107.5 billion) in debt, another effort that has little chance of succeeding. Panic sets in Still, in the moneyed corridors of Manhattan, wild forecasts of doom are taking hold. Wall Street headhunter Michael Nelson said the mood is grim among clients who typically make more than $US1 million a year. 'This will be the end of New York City as we know it' is how his deep-pocketed clients are reacting to the prospect of Mamdani winning in November, he said. Already, stocks of companies tied to New York City real estate are getting hit. Flagstar Financial, a lender to apartment buildings, dropped as much as 6.7 per cent on Wednesday before closing 3.9 per cent lower. Corporate landlords Empire State Realty, SL Green Realty and Vornado Realty all fell. The city's elite had backed Cuomo, a member of the Democratic old guard who was considered the favourite in the race even in its final days. At 67, he was the oldest candidate in the race and pitched himself as a seasoned moderate who can manage New York's problems — from crime in the subways to a universally acknowledged affordability crisis. Billionaires including Michael R. Bloomberg as well as Bill Ackman, Loeb and Vornado's Steven Roth supported his campaign. Cuomo's PAC, Fix the City, raised nearly $US25 million — an unheard of sum in a primary race for mayor. But many of the ads backing him focused on painting Mamdani as a bad choice for the city, rather than laying out Cuomo's own vision for governance. The former New York governor, who stepped down from that job following a string of sexual harassment allegations that he denies, didn't just have money on his side. Stalwart figures of the Democratic establishment such as former President Bill Clinton endorsed him. Mamdani, meanwhile, was backed by progressive stars like Democratic Congresswoman Alexandria Ocasio-Cortez and Senator Bernie Sanders. There are signs that at least some on Wall Street might be warming to the democratic socialist candidate. 'While we might disagree on certain issues, we should always be hopeful that Mamdani — if he ends up being elected mayor — can unite the city to address its critical education, public safety, housing and economic development needs,' said Ralph Schlosstein, former head of Evercore and a longtime Democrat. But so far that sentiment is limited. Ackman, another longtime Democrat before he became one of President Donald Trump's most-vocal supporters, blasted Mamdani by claiming that his policies would bankrupt New York. The investor didn't respond to a request for comment on the results of the election. Rich Farley, a veteran Wall Street lawyer, said many of the city's wealthy are likely to see the November general election as a make-or-break moment. Should Mamdani prevail, 'the folks who can easily unplug and move elsewhere are going to think very seriously about plans to do that.' Ahead of that race, ultra-wealthy donors have to decide if and how they will oppose Mamdani. Cuomo, who has signalled he may run as an independent, has to persuade backers that he is a more viable candidate outside of the closed Democratic primary system. If he stays in the race, he will compete against the Republican candidate Curtis Sliwa and current mayor Eric Adams, who is also running as an independent and didn't take part in the primary after a corruption scandal. But others on Wall Street may choose a more radical option. Loading 'I've already talked to hedge fund guys who have told me they have got a foot out the door,' said Eric Rosen, a former senior JPMorgan trader and hedge fund executive. 'I left New York City 8 years ago because I didn't like the way the city was being run,' he said. 'I sold my Park Ave. co-op and it's now down 25 per cent and my house in Florida is up 250 per cent. The market has spoken.'
Yahoo
30-05-2025
- Business
- Yahoo
Supplement Your Paycheck by Investing in These High-Yield Monthly Dividend Stocks
Realty Income has increased its monthly dividend 130 times since coming public in 1994. SL Green Realty has started increasing its monthly dividend as demand for office space recovers. Healthpeak Properties recently switched to paying monthly dividends. 10 stocks we like better than Realty Income › If you're like most people, you probably wish your paycheck was a bit bigger. That would give you more money to save for a rainy day, invest for retirement, or spend on things you want. There are many ways to supplement your income, most of which require time or money. If you have some extra cash lying around, you can use it to generate passive income. Here are a few high-yielding dividend stocks that make monthly payments, which can help supplement your paycheck. Realty Income (NYSE: O) is one of the most bankable monthly dividend stocks you'll find. The real estate investment trust (REIT) has paid 659 monthly dividends since its formation. The REIT currently pays $0.2685 per share each month, or $3.222 annualized. The company has a nearly 5.8% dividend yield at its recent stock price. At that rate, every $100 invested in the stock would produce about $0.48 of dividend income each month and $5.80 per year. The more money you invest, the more income you collect. The great thing about Realty Income is that it routinely raises its dividend payment. The REIT has increased its dividend 130 times since coming public in 1994, and for the past 110 quarters in a row. The main factor driving Realty Income's steadily rising dividends is acquisitions. The REIT has a strong financial profile, with a low 75% dividend payout ratio, and its balance sheet looks just as good. It's one of only 10 REITs in the S&P 500 with two bond ratings of A3/A- or higher. That gives it the financial flexibility to continue investing in properties including net lease retail, industrial, gaming, and others that generate stable rental income to support its growing dividend. SL Green Realty (NYSE: SLG) is the largest office landlord in Manhattan. While demand for office space has declined since the pandemic, it has been slowly recovering. Demand for high-quality office space has been strongest, which is benefiting SL Green Realty because it owns some of the best office buildings in the City. For example, occupancy across its portfolio was 91.8% at the end of March and should improve to 93.2% by year-end as tenants that recently signed leases move into their space this year. As a result, the office REIT's rental income is starting to grow. That enabled it to raise its dividend for 2025 to a monthly rate of $0.2575 per share, or $3.09 annualized, up from $3.00 last year, giving it a 5.3% dividend yield at its recent share price. SL Green only expects to pay out about 57% of its cash flow in dividends this year. That's enabling it to retain money to invest in new properties. Those new investments position the REIT to grow its rental income, which should support future dividend increases. Healthpeak Properties (NYSE: DOC) is a healthcare REIT. It owns a diversified portfolio of outpatient medical buildings, life science properties, and senior housing communities. This portfolio provides it with steadily growing rental income to support its dividend payment. The REIT just switched to a monthly dividend schedule in April, setting the rate at $0.10167 per share, or $1.22 annualized. That's a 1.7% increase from its dividend payment last year. Healthpeak currently has a 7% dividend yield at its recent share price. The healthcare landlord produces more than enough cash to cover its dividend payment. It also has a solid balance sheet, enough so that Healthpeak Properties estimates it has between $500 million and $1 billion of dry powder to make acquisitions or repurchase its shares. Deploying that capital into accretive opportunities should grow its cash flow per share, which should enable the REIT to continue increasing its monthly dividend in the future. Realty Income, SL Green Realty, and Healthpeak Properties pay monthly dividends. These REITs are in solid positions to continue increasing their high-yielding dividend payments in the future. Buying their shares should supply you with growing streams of passive income to help supplement your monthly paycheck. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Matt DiLallo has positions in Realty Income and SL Green Realty. The Motley Fool has positions in and recommends Realty Income. The Motley Fool recommends Healthpeak Properties. The Motley Fool has a disclosure policy. Supplement Your Paycheck by Investing in These High-Yield Monthly Dividend Stocks was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
