If there’s one thing even bigger than the sheer amount of economic reports released an hour ahead of the bell today, it’s the results of these prints this morning. There is lots of eye-opening data, and pre-market futures are up on the news: the Dow is +90 points at this hour, the S&P 500 is +20 and the Nasdaq is up +94 points so far today. The S&P 500 seeks its fifth-straight record high in as many trading sessions.The preliminary read on Q4 Gross Domestic Product (GDP) reached +3.3%, much higher than the ...

Markets put in a mixed showing among major indices today, with the S&P 500 and Nasdaq eking out gains for the session, while the Dow and small-cap Russell 2000 closed right near session lows. The Dow lost -99 points, -0.26%, while the S&P barely came out ahead, +0.08%. The Nasdaq added +56 points on the day, +0.36%, while the Russell is meaningfully off mid-day Monday highs, -0.73% in today’s session.Both S&P flash PMI prints this morning — for Services and Manufacturing in January — came in higher than ana ...

Kostrikina Myroslava Dividend investors with a desire to earn a stable 12% yield on their invested capital and potentially benefit from appreciation as well may want to consider mortgage REIT Blackstone Mortgage Trust (NYSE:BXMT). The mortgage REIT owns a sizable portfolio of real estate-related loans, most of which are performing well. Additionally, Blackstone Mortgage provides dividend investors with a $0.62 per share quarterly dividend that is and has been, well-supported by the REIT’s earnings avail ...

In its upcoming report, Blackstone Inc. (BX) is predicted by Wall Street analysts to post quarterly earnings of $0.99 per share, reflecting a decline of 7.5% compared to the same period last year. Revenues are forecasted to be $2.48 billion, representing a year-over-year increase of 5.7%.The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates duri ...

Blackstone (BX) is scheduled to report fourth-quarter and full-year 2023 results on Jan 25, before the opening bell. Its quarterly revenues are likely to have improved in the to-be-reported quarter, while earnings are expected to have declined on a year-over-year basis.In the last reported quarter, the company’s earnings lagged the Zacks Consensus Estimate. Results were adversely impacted by lower segment revenues and a rise in GAAP expenses. Yet, an increase in assets under management (AUM) balance, mainly ...

NEW YORK & IRVINE, Calif.--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Salas O’Brien (the “Company”), a leading employee-owned engineering and technical services firm, announced today a partnership where funds managed by Blackstone have made a strategic minority growth investment to help accelerate the Company’s continued expansion within the fast-growing architectural, engineering, and construction (AEC) market. Salas O’Brien will continue to be majority owned by its team members. “ Salas O’Brien is thrill ...

Last year was a turbulent one for the global real estate sector. Rising interest rates increased borrowing costs, which also weighed on the value of many properties.However, those more challenging market conditions didn't stop Prologis (PLD 1.73%) from having another strong year. The leading industrial REIT grew its core funds from operations (FFO) by 11%. That was its fourth straight year of delivering double-digit earnings growth. It has now expanded its core FFO at a 10.3% compound annual rate since the ...

Tricon Residential Inc.’s stock jumped 28% on Friday after Blackstone Inc. said it would buy the Canadian real-estate-investment company and take it private for $3.5 billion. Tricon Residential Inc.’s NYSE-listed stock TCN, +28.04% TCN, +27.64% was up by $2.46, to $11.08 a share, on Friday morning. Blackstone BX, -0.02% said its Blackstone Real Estate Partners X real-estate fund and Blackstone Real Estate Income Trust Inc. will buy all outstanding common shares of Tricon for $11.25 (equivalent to C$15.17 ...

Tricon Residential Inc (TSE: TCN) opened sharply up on Friday after Blackstone Inc (NYSE: BX) said it will buy the real estate company for about $3.5 billion.Details of Tricon-Blackstone agreementCopy link to sectionThe all-cash agreement values each share of Tricon Residential at $11.25 (C$15.17). Blackstone Real Estate Income Trust and Blackstone Real Estate Partners X have come together for the said deal. Gary Berman – the chief executive of Tricon said in a press release today:We’re proud of significant ...

NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. (“BREIT”) will acquire all outstanding common shares of Tricon (“Common Shares”) for $11.25 (approximately C$15.17) per Common Share in cash (the “Transaction”). The Transact ...