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Blackstone Secured Lending: High-Quality Pick At A Time When Defense Matters
Seeking Alpha· 2024-08-09 06:27
HAKINMHAN Blackstone Secured Lending (NYSE:BXSL) is one of the few large cap BDCs that I have not covered so far. As probably most of my followers have noticed it, I am rather bullish on the BDC space given the secular tailwinds and the attractiveness of yields that can be accessed in this particular field. However, in the meantime, I think that it just makes sense from the risk and reward perspective to really focus on high quality and relatively de-risked BDCs. This is because, at the end of the day, ...
Equity Residential Buys 11 Apartment Properties From Blackstone for Almost $1B
Investopedia· 2024-08-07 19:41
Key TakeawaysEquity Residential has agreed to pay Blackstone Real Estate $964 million for 11 apartment properties.The complexes are situated in Atlanta, Dallas/Fort Worth, and Denver, locations it is targeting for expansion.Equity Residential said the units are attractive to its "higher end renter demographic." Shares of Equity Residential (EQR) fell Wednesday after the real estate investment trust (REIT) announced it had agreed to purchase 11 apartment properties from Blackstone's (BX) real estate unit in ...
Blackstone(BX) - 2024 Q2 - Quarterly Report
2024-08-02 20:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-33551 Blackstone Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdic ...
7 Safe Stocks to Pick Up Amid Incoming Uncertainty
Investor Place· 2024-08-02 10:00
While growth-focused public companies tend to attract the most attention on Wall Street, safe stocks also present a viable pathway to long-term success. Yes, these ideas might be boring – no, they are boring. We’re talking about entities that like insurance companies, consumer goods, critical services: yes, they’re important but they’re not what you would call sexy.Still, if you keep targeting growth names, chances are quite high that you’ll eventually encounter some serious regrets. It’s just like a footba ...
This Could Be Your Last Chance To Win Big With REITs
Seeking Alpha· 2024-08-01 12:15
ryasick I have posted many articles making the case for real estate investment trusts, or REITs (VNQ), over the past year. In short, their share prices had crashed, and their valuations had dropped to the lowest levels in 16 years, with most REITs trading at large discounts relative to the value of the real estate they own. Still today, it is not uncommon to find individual REITs that trade at a 30, 40 or even a 50% discount relative to their net asset values. Such low valuations are truly exceptional f ...
Ares: Will It Follow Blackstone's Performance In Q2? (Earnings Preview)
Seeking Alpha· 2024-07-31 11:15
simonkr/E+ via Getty ImagesAres Management Corporation (NYSE:ARES) is the fourth largest US firm with asset management activities as its core business. ARES was founded in 1997, and accumulates a market cap of approximately $45.5 billion, together with trailing revenues of $3.526 billion and a total AUM of $428 billion. On Friday, the firm is set to report Q2 earnings, following a week where leading alternative asset managers will also be reporting. This is the case for Blue Owl Capital (OWL) and Apollo ...
Blackstone's Rumored Buyout Of Retail Opportunity Is Auspicious For Shopping Centers
Seeking Alpha· 2024-07-31 09:43
Robert Daly Blackstone (BX) has long been underweight retail, having mostly bought single family rentals, apartments, industrial and data centers. On 7/30/24, Reuters published a report saying Blackstone is in preliminary discussions to acquire Retail Opportunity Investments Corp. (NASDAQ:ROIC). Shopping centers have had increasingly favorable fundamentals, as we wrote about here. It would seem private equity is starting to appreciate the sector. Given that Blackstone and other private equity are dramat ...
Major Tech Firms Lead Trillion-Dollar Surge in Generative AI Spending
Prnewswire· 2024-07-30 16:57
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, July 30, 2024 /PRNewswire/ -- Large tech companies have ramped up their spending on developing generative artificial intelligence (genAI), banking on big financial returns in the future. According to a report from Goldman Sachs, these tech giants are set to spend over $1 trillion on AI capex in coming years, generating more and more costs along the way. Another major private-equity firm, Blackstone Inc. (NYSE: BX), is bettin ...
Blackstone Mortgage: Our Take On The Results And Our Forward Projections
Seeking Alpha· 2024-07-28 15:59
Gary Yeowell Thesis Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The REIT is one of the largest in the space, alongside Starwood Property Trust (STWD), and has been hit hard by the current downturn in North American CRE. In this article, we are going to have a closer look at the REIT's latest results and our view on its path forward. BXMT is a type of lending institution, n ...
2 Strong Buys (If Blackstone Is Right)
Seeking Alpha· 2024-07-27 11:00
kmaassrock/E+ via Getty Images Blackstone Inc. (BX) is a giant in the real estate market. We doubt that’s breaking news to most. The company, which currently has a market cap of $173 billion, is the owner of BREIT, its real estate investment vehicle. BREIT is 3x larger than the next five largest non-traded REITs combined! According to the company’s 2Q24 earnings, this investment vehicle has generated a cumulative return of 10% in its largest share class since early 2022 and a return of more than 10% ann ...