Bank of Baroda Uganda Limited (BOBU.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2019 abridged results.For more information about Bank of Baroda Uganda Limited (BOBU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Bank of Baroda Uganda Limited (BOBU.ug) company page on AfricanFinancials.Document: Bank of Baroda Uganda Limited (BOBU.ug) 2019 abridged results.Company ProfileBank of Baroda (Uganda) Limited is a leading financial institution in Uganda offering banking products and services to individual, commercial and corporate clients. Its product offering ranges from savings and current accounts, term deposits and loans to letters of credit, bank guarantees, fund transfers and foreign exchange services. The company provides equity brokering services, including investment advisory, securities trading, securities exchange listing and sponsoring and remittance services. Bank of Baroda Uganda has an extensive network of branches and ATMs in the major towns and cities of Uganda and offers convenient banking in the form of Internet and mobile banking services. The financial institution was founded in 1953 and is based in Kampala, Uganda. Bank of Baroda (Uganda) Limited is a subsidiary of Bank of Baroda. Bank of Baroda Uganda Limited is listed on the Uganda Securities Exchange
See all posts by Peter Stephens Peter Stephens | Monday, 20th July, 2020 | More on: EZJ RR I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Buying bargain UK shares may not be a priority for many investors at the present time. The recent declines of the FTSE 100 and FTSE 250 may mean that holding lower-risk assets is of greater importance to them.However, over the long run, purchasing undervalued companies today could lead to high returns that improve your financial prospects.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…With that in mind, here are two shares that have fallen heavily since the start of the year. Although they face short-term uncertainty, now could be an opportune time to buy them ahead of a potential recovery.An undervalued airline among UK shares?While many UK shares have declined heavily this year, among the biggest fallers have been airlines such as easyJet (LSE: EZJ). Its share price has declined by over 50% since the start of the year, with a grounding of the vast majority of its fleet causing sales prospects for the business to deteriorate.As a result, the company has sought to improve its financial position. For example, it recently conducted a placing, and has been able to reduce its operating cost cash burn by 70% over recent months. It has also deferred aircraft deliveries where possible as part of a strategy to reduce capital expenditure to strengthen its financial position.Clearly, easyJet’s share price could come under further pressure in the short run if the economic outlook deteriorates further. However, with a strong position in many key markets and its budget focus, it could experience a recovery over the long run as the prospects for the wider economy improve.As such, buying a slice of it today in a diversified portfolio of UK shares while it appears to offer a wide margin of safety could prove to be a profitable move over the coming years.An uncertain future?Another major faller among UK shares in 2020 has been Rolls-Royce (LSE: RR). Its stock price is down by 60% since the start of the year, with weaker demand for its products being a key factor in its decline.However, the business recently announced that it is making progress in becoming more efficient. For example, it plans to reduce costs by up to £1bn in 2020, with £300m of that figure achieved in the first half of the year. Furthermore, the company has made progress on its Trent 1000 engine fixes, which have acted as a drag on its performance over recent years. And, with improved liquidity, it appears to be in a stronger position to survive a turbulent period for the civil aviation sector.Clearly, Rolls-Royce could prove to be a riskier and more volatile option compared to other UK shares due to continued weakness in its end markets. However, with its shares appearing to factor in many of the risks it faces, and the company having a seemingly sound strategy, now could be the right time to buy a slice of the business for the long term. Peter Stephens owns shares of easyJet and Rolls-Royce. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 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Nominate your charity to benefit from author’s royalties AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Jessica Williams, author of the popular 2004 “50 Facts that Should Change the World”, has written “How to give to charity.” She will donate the royalties from the sales of this book, with Icon Books pledging to match her donations, to the charity that wins the readers’ online vote.Jessica Williams’ book asks popular questions such as how much should you give? How much does everyone else give? Isn’t it the government’s job to fund charities? Why do charities use face to face fundraisers on the streets?The book is a call to arms to get people thinking more about how they can give to charity – whether it’s through monthly donations, fundraising or volunteering to run a local sports club. Advertisement Tagged with: Trading If you wish to nominate a charity to receive the royalties from her book, you can do so online. The complete list of all charities nominated, and the percentage of votes cast for each one, are listed below. The current top ten, headed by The Woodcraft Folk, is also listed on the homepage. Howard Lake | 30 January 2006 | News 42 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Un estudio del Departamento de Justicia finalizado a principios de este año y presentado a la prensa se acaba de publicar en formato de libro de bolsillo. Bajo el título de “Informe de Ferguson”, este estudio de 173 páginas muestra claramente la negación sistemática de los derechos civiles fundamentales a las/os afroamericanos en el condado de St. Louis-Missouri.La rebelión de masas y las manifestaciones de Ferguson colocaron la constante opresión nacional del pueblo afroamericano en su debido lugar: la cuestión principal que expone las contradicciones dentro del sistema capitalista de EUA en el siglo 21.Utilizando las comunicaciones internas entre la policía y los tribunales, el estudio da unas razones de peso haciendo a las autoridades penalmente responsables por sus planes premeditados para explotar y controlar socialmente a las/os afroamericanos a través de detenciones injustificadas, multas y penas de cárcel excesivas.En la introducción del informe, Theodore M. Shaw, Distinguido Profesor de Derecho y Director del Centro para los Derechos Civiles de la Universidad de Carolina del Norte – infirió que el Departamento de Justicia realizó el estudio para desentrañar el contexto político y económico de la evolución de las secuelas después del asesinato del joven de 18 años de edad, Michael Brown. A pesar de que el oficial de policía blanco Darren Wilson, quien mató a Brown, no fue acusado penalmente, dado el contexto general, el municipio de la ciudad de Ferguson es culpable por sus políticas ilegales de opresión nacional y racialmente discriminatorias realizadas a través de las interacciones diarias con sus residentes afroamericanas/os.En relación a los derechos manifiestos que la Cuarta Enmienda da a las/os afroamericanos, de protegerlos de registros e incautaciones ilegales, el Informe Ferguson dice: “Al revisar los registros del Departamento de Policía de Ferguson, encontramos numerosos incidentes en los que – basados en la propia descripción del oficial operante – un oficial detuvo a un individuo sin una sospecha razonable de actividad delictiva o arrestó a una persona sin causa probable.“En ninguno de estos casos el oficial explicó o justificó su conducta. Muchas de las detenciones ilegales que encontramos parecen haber sido impulsadas en parte por el deseo de un oficial para comprobar si el sujeto tenía pendiente una orden municipal de detención. Varios incidentes sugieren que los agentes están más preocupados por la emisión de citaciones y la generación de cargos que con atender las necesidades de la comunidad”.En parte, las operaciones policiales agresivas contra afroamericanas/os en Ferguson y el condado de St. Louis surgen del deseo de cosechar beneficios económicos a través de multas excesivas que se refuerzan a menudo por un sistema judicial ya sesgado. A pesar de estas observaciones del Departamento de Justicia, no se presentaron cargos penales por violaciones de los derechos civiles. Por lo tanto, la situación seguirá siendo igual hasta que se desarrolle un movimiento revolucionario de masas que pueda desafiar efectivamente al sistema institucionalizado de racismo y opresión nacional.¿Qué ha cambiado en el último año?Este informe fue publicado en la víspera del primer aniversario del brutal asesinato de Michael Brown el 9 de agosto de 2014, que desencadenó manifestaciones masivas y rebeliones en Ferguson y revivió la lucha contra el racismo en EUA. Un pequeño suburbio de poco más de 20.000 personas, principalmente afroamericanas, Ferguson se convirtió en el centro de la lucha para dar reconocimiento al valor y la santidad de la vida del pueblo negro en EUA.La Casa Blanca se vio obligada – de la boca para afuera – a mencionar los problemas de brutalidad policial y asesinatos arbitrarios a la luz de las protestas que involucraron a millones en todo el país y el mundo.Editoriales de periódicos, incluso en países aliados de EUA, cuestionaron el compromiso de la clase gobernante estadounidense a decenas de millones de personas que se consideraban “ciudadanos”, pero que fueron tratadas como prisioneros de guerra a través de paradas arbitrarias, palizas, detenciones, lesiones y homicidios. Sin embargo, a pesar de esta presión política internacional, junto a la creciente inconformidad interna, no ha habido prácticamente ningún cambio en el sistema de represión y explotación.Durante los primeros siete meses de 2015, se ha documentado que más de 500 personas han sido asesinadas por la policía. Muchas más han sido golpeadas, torturadas, arrojadas a cárceles y encarriladas a largas condenas de prisión a través de los tribunales.El movimiento Vidas Negras Importan que surgió en 2013 y se amplió después de que Michael Brown fuera asesinado, es actualmente la expresión más dinámica de la lucha de Liberación Negra en la forma de la lucha contra la violencia policial y otras formas de terror racista.Fiscales locales y grandes jurados en general se han negado a presentar cargos contra la policía que mata a las/os afroamericanos. Una excepción se produjo en Baltimore con respecto a la muerte de Freddie Grey el 19 de abril, donde se produjo una rebelión que tomó a los intereses económicos y sus políticos gobernantes por sorpresa. Seis policías de Baltimore fueron acusados con una variedad de cargos, incluyendo homicidio involuntario.La muerte a tiros de Sam Dubose a manos de la policía de la Universidad de Cincinnati el 19 de julio dio lugar a una acusación de un policía. No había razón alguna para que Dubose fuera detenido. Esta parada llevó a su encuentro mortal con un policía blanco.Sin embargo, la mayoría de los asesinatos de afroamericanos, latinos, indígenas, pobres y discapacitados a menudo quedan impunes. Estos actos flagrantes de terror se justifican por la criminalización de las víctimas a través de los grandes medios de comunicación y voceros policiales.Juzgando por su limitada reacción, la administración del presidente Barack Obama, junto al Caucus Negro del Congreso, no consideran esta crisis como un asunto central. Los candidatos demócratas y republicanos a la carrera presidencial 2016 no han dado ningún indicio de que hay iniciativas políticas en sus planes para frenar, enjuiciar y encarcelar a la policía y los racistas por los múltiples asesinatos de afroamericanas/os y otras personas.Al mismo tiempo, EUA mantiene la población carcelaria más alta per cápita en el mundo, donde las personas oprimidas y pobres constituyen casi todas/os las/os reclusos. Además, los presos políticos como Mumia Abu-Jamal, Sundiata Acoli, Leonard Peltier, Oscar López Rivera, las/os 9 de MOVE y muchas/os más todavía languidecen en mazmorras estadounidenses. A la luchadora por la libertad Assata Shakur, se le sigue negando amnistía y depende del asilo político otorgado por el gobierno revolucionario de Cuba.En el estado de Michigan, el Rev. Edward Pinkney fue condenado a 30-120 meses de prisión en diciembre por falsos cargos relacionados con una exitosa campaña para la destitución del alcalde de Benton Harbor. El alcalde se percibe como un agente de la Whirlpool Corp., con sede en la región suroeste del estado. Pinkney está apelando su caso con el apoyo de miles a lo largo de Michigan y alrededor de EUA.Necesario movimiento nacional para luchar contra racismo y capitalismoFerguson, Baltimore, Charleston, Carolina del Sur, y otras ciudades tipifican la difícil situación de las/os afroamericanos en la sociedad capitalista estadounidense del siglo 21. La reciente muerte de Sandra Bland, Kindra Chapman, Ralkina Jones y otras/os que han muerto mientras estaban detenidas/os, ponen al descubierto la hipocresía de la llamada “agenda de derechos humanos” de la administración Obama y los regímenes anteriores de EUA.Sin embargo, hasta que no haya una organización revolucionaria de masas que pueda ayudar firmemente la lucha contra el racismo y la opresión de clase en su raíz, no puede haber una esperanza real para las masas afroamericanas y otras comunidades de color en EUA. La violencia contra las/os oprimidos se lleva a cabo en una miríada de formas, incluyendo la privación económica y la destrucción de la educación pública en ciudades y suburbios.Un movimiento de masas encabezado por fuerzas organizadas y conscientes entre las/os trabajadores y oprimidas/os es el elemento que falta en el resurgimiento actual de la lucha popular. Esa organización podría luchar en el frente nacional e internacional.La masacre de nueve afroamericanas/os en la Iglesia AME en Charleston-Carolina del Sur el 17 de junio, debe ser contestada con manifestaciones masivas y con consecuencias económicas para la clase capitalista. Tampoco las grandes tasas de desempleo y de pobreza que prevalecen entre las/os jóvenes oprimidos podrían escapar a la atención de los políticos y los intereses de la clase dominante que proporcionan la dirección de sus acciones, si hubiera cientos de miles de jóvenes y trabajadoras/es organizados preparados para enfrentar el sistema. Y tendrían que hacerlo de una manera que no se defina por los límites de los dos principales partidos políticos capitalistas.El carácter represivo y explotador de EUA y el capitalismo mundial en su fase actual es un reflejo de su debilidad. El sistema está en declive, y un movimiento y una organización revolucionaria bien organizada podrían, con tácticas y estrategias adecuadas, severamente debilitar y derrocar a la clase dominante. Eso establecería las bases para la reconstrucción de EUA y el mundo para satisfacer las necesidades apremiantes de la gente.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
News November 11, 2020 Find out more November 12, 2019 Find out more News Organisation Reporters Without Borders condemns an angry crowd’s attempt to storm Nessma TV’s Tunis headquarters and subsequent threats against the head of the station and its staff. The violence was prompted by its broadcasting of the Franco-Iranian animated film Persepolis, which some conservative Muslims regard as offensive.“There is no justification for these attacks,” Reporters Without Borders secretary-general Jean-François Julliard said. “I understand how some people may have been offended by the broadcasting of Persepolis but that does not give them the right to threaten the head of the station. Freedom of expression requires tolerance for ideas that shock. Nessma TV had the right to broadcast Persepolis.”Pointing out that only the courts have the power to decide whether media freedom has been abused, Reporters Without Borders calls on the authorities to condemn the acts of vandalism and intimidation against Nessma TV and to carry out an investigation with the aim of identifying and arresting those responsibleThese events highlight the need to adopt new print and broadcast media laws that respect international standards including article 19 of the Universal Declaration of Human Rights, which Tunisia has ratified. The new laws should eliminate the crime of offence against religions as well as prison sentences for media personnel. Around 300 people participated in the attempt to storm Nessma TV, located on Mohamed V Avenue in the Tunis district of Montplaisir, on 9 October. The security forces intervened quickly, dispersing the protesters and briefly detaining about 100 of them. Charges have been brought against seven of them.The attack came two days after the station broadcast Persepolis, a film by Iranian-born French novelist and filmmaker Marjane Sartrapi that portrays Ayatollah Khomeini’s revolution through the eyes of a young girl and shows the girl’s depiction of God. The screening was followed by a debate on religious fundamentalism.On the morning of 10 October, 144 lawyers filed a complaint against Nabil Karoui, who is the head of Nessma TV and one of its shareholders, under articles 44 and 48 of the media law (still in effect because the new print and broadcast media laws have yet to be promulgated) and under articles 226 and 226 (b) of the criminal code concerning offences against religions and affronts to public decency. The public prosecutor immediately began an investigation and Karoui, who is facing a possible three-year jail sentence, was questioned yesterday afternoon.The violence and intimidation has continued. Two individuals entered the TV station’s offices on 11 October and threatened to kill employees, while two cars parked outside Karoui’s home were torched.The screening of this award-winning film and the attack on the station have triggered an impassioned debate in the final days before elections scheduled for 23 October. The National Union of Tunisian Journalists has condemned the attack on the station. So has the Tunisian Association of Newspaper Publishers, which has voiced total support for Nessma TV.The National Council for the Reform of Information and Communication (INRIC) has condemned all forms of violence and attempts to terrorize media personnel. The political parties have condemned the attack but most of them also criticized the screening of the film in the run-up to the election as provocative.Karoui issued a public apology on 11 October. RSF_en Help by sharing this information Follow the news on Tunisia Receive email alerts Tunisia : RSF asks Tunisian president’s office to respect journalists News Forum on Information and Democracy 250 recommendations on how to stop “infodemics” October 13, 2011 – Updated on January 20, 2016 After broadcasting Persepolis, TV station attacked, owner and staff threatened to go further TunisiaMiddle East – North Africa December 26, 2019 Find out more News Eleven organizations from civil society create the Forum on Information & Democracy, a structural response to information disorder TunisiaMiddle East – North Africa
S.A.A.M donation drive Facebook The Crisis CenterAs part of Sexual Assault Awareness Month the Crisis Center of West Texas is partnering with local gyms to collect throughout April new leggings, yoga pants, shirts, underwear and sports bras in all adult sizes (S-XXL).The Crisis Response Team meets survivors of sexual assault at the hospital and provides them with support and information.Many survivors are required to give up their clothes for evidence, so the team provides a new, comfortable outfit for them to wear home or to the shelter.Donations may be dropped off at any of the participating partner locations: Fox Fitness, 980-G 87th St., 432-276-5686; MCH Mission Fitness, 8050 E Highway 191, 432-640-6400; Heroes Fitness, 2423 N. County Road West, 432-614-5664; Around the Clock Fitness, 4239 N Dixie Blvd., 432-550-3488; or at the CCWTX office, 910-B S. Grant Ave.For more information, call 432-333-2527. Pinterest Twitter WhatsApp By admin – April 7, 2018 Facebook Pinterest Local News Twitter WhatsApp Previous articleClay shoot raising money for law enforcementNext articleNUGGETS: The Great Commission admin
Top Stories”Approach Allahabad HC”: SC Tells Kapil Sibal On Plea Seeking Release Of Journalist Siddique Kappan Sanya Talwar and Radhika Roy12 Oct 2020 1:32 AMShare This – x”You approach the HC, we’re here only in case something wrong happens”, Chief Justice told Senior Advocate Kapil SibalThe Supreme Court on Monday adjourned the habeas corpus plea filed for the release of Kerala journalist, Sidhique Kappan, who was arrested by the Uttar Pradesh Police while he was proceeding to cover the Hathras case of rape and murder of a 19-year-old Dalit woman. While adjourning the plea for four weeks, the Bench headed by Chief Justice of India SA Bobde told Senior…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Monday adjourned the habeas corpus plea filed for the release of Kerala journalist, Sidhique Kappan, who was arrested by the Uttar Pradesh Police while he was proceeding to cover the Hathras case of rape and murder of a 19-year-old Dalit woman. While adjourning the plea for four weeks, the Bench headed by Chief Justice of India SA Bobde told Senior Advocate Kapil Sibal, appearing on behalf of the Petitioner, to approach the Allahabad High Court. Sibal submitted to the Court that the instant plea had been filed when it was a habeas corpus. However, subsequently, an FIR had been registered and the Unlawful Activities (Prevention) Act was then invoked. He further informed the Court that no Court in the State of Uttar Pradesh would grant bail to the Petitioner. Dispelling Sibal’s apprehensions, CJI said :”Nothing will happen. If anything happen, you approach us”. “Let us approach you under Article 32”, requested Sibal.The CJI, however, was not inclined to issue notice and directed Sibal to approach the Allahabad HC, while adjourning the matter for four weeks. Sibal stated that the Petitioner would continue to remain in jail, and to this, the CJI responded, “You approach the HC, we’re here only in case something wrong happens”. Terming the arrest illegal and unconstitutional, the Kerala Union of Working Journalists (KUWJ) has filed the petition seeking Kappan’s immediate production before the SC and release from “illegal detention”. The petition contends that the arrest was made in violation of the mandatory guidelines laid down in the decision DK Basu vs State of West Bengal, and was made with the sole intention of obstructing the discharge of duty by a journalist. The family members or the colleagues had not been informed of the arrest of Kappan, who also happens to be General Secretary of the KUWJ, the plea said. He is a contributor to online Malayalam news portal “Azhimukham”. As per reports, Kappan, along with three other journalists, Atiq-ur Rehman, Masood Ahmed and Alam, were detained by the UP police at Hathras toll plaza on October 5, alleging links to the Popular Front of India or PFI, an outfit the Yogi Adityanath government wants banned. Their mobile phones, a laptop and some literature, “which could have an impact on peace, and law and order in the state”, have been seized, said the police in a statement. On September 11, a 19-year-old Dalit woman was abducted and then gang raped by four upper-caste men who then subjected her to brutal torture by breaking her bones and cutting off her tongue. She passed away on Tuesday, the 29th of September. Her family complained that she was cremated by police officials in the middle of the night without their consent. As public outrage was mounting over the police action, widely perceived as an act to erase evidence, the UP Police issued public statements denying rape, contradicting the dying declaration given by the girl. Upper-caste groups have started a counter-movement claiming the innocence of the accused persons. On Monday, the UP Police registered an FIR against unknown persons for charges of sedition, promoting social disharmony etc., alleging that the protests over Hathras incident were part of an “international conspiracy” to malign the state. Next Story
The e-learning revolution is making its mark on the shape of trainingdepartments with trainers having to learn new skills and rethink how to offerthe best range of formats to employees. This is one of the key findings of Corporate E-Learning: Realising thePotential, the fourth annual e-learning survey undertaken by Xebec McGraw-Hilland Training Magazine. Specialists will need to be able to integrate on- and offline trainingactivities. When asked what skills will become more important to enable the potential ofe-learning to be maximised in an organisation, 42 per cent of respondentsindicated that integration will be key. And 34 per cent believe coaching andmentoring will be a top skill required for training specialists. Other direct actions affecting the learning experience are given asimportant skills – these include facilitation and building online curricula,which were picked out by 26 per cent of respondents in each category. But trainers do have concerns, specifically over the difficulty of findingsuitable suppliers and increased technical knowledge and over the decreasedimportance of the personal elements of their role, with 39 per cent indicatingthis as a concern. And our survey saysOn 1 Oct 2001 in Personnel Today Previous Article Next Article Comments are closed. Related posts:No related photos.
SL Green CEO Marc Holliday with 11 Madison Avenue and 100 Park Avenue (SL Green, Google Maps/Illustration by Alexis Manrodt for The Real Deal)On Thursday’s earnings call, SL Green CEO Marc Holliday linked the company’s upcoming shift in headquarters from the Graybar Building to One Vanderbilt with his sunny outlook on the New York office market. The real estate investment trust owns both buildings.He noted an improvement in “the psychology and the market vibe” in recent months, as tenants have made plans to return to the offices by late summer. SL Green’s new chapter, Holliday said, “coincides with the reconstruction of New York City.” That will be marked by the Covid vaccine rollout, “the easing of Covid restrictions, the promise of federal stimulus for cities and states, and a gradual return of the workforce to offices and other places of business,” he said during the Q4 call’s opening remarks.From October through December, Manhattan’s largest office landlord signed 463,927 square feet in new leases, a major increase from the 187,469 square feet signed in the third quarter. This month, the company also announced a 100,000-square-foot lease with liquor giant Beam Suntory at 11 Madison Avenue, and two new leases totaling 43,000 square feet at One Vanderbilt.While SL Green is looking ahead, a look back at last quarter’s performance shows the firm recorded $119.2 million in funds from operations — or $1.56 per share — down from $147.6 million in the same quarter of 2019. The REIT collected 98 percent of office rents due in the quarter and 81 percent of retail rents — a 10-percentage-point improvement from the prior quarter.Holliday acknowledged that gearing up for tenants’ summer return-to-office “sounds like a long way away, but it’s a blink of an eye.” He was confident, he said, “that there will be a significant return by mid-, end-of-summer, and hopefully by end of summer we’ll be completely back, completely vaccinated.”SL Green executives noted they are on track to lease 1.3 million square feet in 2021, and to reach 85 percent occupancy at One Vanderbilt by year end — objectives they announced at last month’s investor conference. Holliday noted the 1.6 million-square-foot tower had “several hundred” people working in the building.“All we need is velocity in the marketplace,” executive vice president and director of leasing Steven Durels said. “We have a good enough portfolio and a good enough leasing team that we’re going to get more than our fair share of the deals that are in the market.”In addition to leasing in its own portfolio, SL Green also announced that it had recently secured three leases totalling 224,000 square feet at 245 Park Avenue, where the company acts as agent for landlord HNA.Read moreQ3: SL Green’s lament: Office comeback “always right around the corner”Beam Suntory will move HQ to 11 Madison Ave from ChicagoSL Green nabs $360M refinancing for Midtown office tower Message* Share via Shortlink Email Address* TagsSL Green Full Name* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink As in previous quarterly calls, SL Green executives fielded questions about the future of New York’s office market, and reiterated their view that work-from-home would not become a widespread phenomenon — and that a trend toward de-densification would help offset that, in any case.Durels also addressed the issue of Manhattan’s soaring sublease space, which has reached a record high in terms of square footage, but has yet to pass previous peaks as a percentage of total space.“What we see a lot of the time is that tenants come and dump a lot of space on the market, but then they rapidly pull it off the market as well when things start to improve,” Durels said. He pointed to a tenant in Grand Central that has put 500,000 square feet on the market, while also publicly saying it only intended to sublease up to 250,000 square feet of that — potentially skewing the statistics. Durels added that 40 percent of sublease space has four years or fewer remaining on the lease term, making that space less competitive and reducing its impact on the overall leasing market.“New York City’s rebound will be driven by the fact that we have a very diversified tenant base, as opposed to the West Coast which is sort of a one-trick pony,” Durels said.Contact Kevin Sun
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