The November 6th announcement of Blackstone’s (BX) take-private acquisition of Retail Opportunity Investments Corp. (ROIC) reignited speculation that retail real estate has become a hotbed for M&A activity. Blackstone’s purchase of ROIC comes close on the heels of numerous failed acquisition attempts of Whitestone REIT (WSR), which followed previous successful combinations of Kimco Realty (KIM) with RPT properties and Urstadt Biddle (UBA) with Regency Centers (REG). The obvious question for REIT speculators ...

Table of Contents 20-8875684 (I.R.S. Employer Identification No.) 345 Park Avenue New York, New York 10154 (Address of principal executive offices)(Zip Code) (212) 583-5000 (Registrant's telephone number, including area code) 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 SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ...

As I explain in REITs For Dummies, commercial mREITs did well in the early 1970s, however "interest rates rose in 1973, and demand for new developments came crashing down (and) the end results were not favorable for anyone, including the greedy, foolish banks…Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former he ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXMT either through stock ownership, options, or other derivatives. I wrote this ...

Blackstone Inc. (NYSE: BX ) had better-than-expected results for the third quarter last week as its profits grew YoY and its asset management business is firing on all cylinders.A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and inv ...

Blackstone Secured Lending (NYSE: BXSL ) and Main Street Capital (NYSE: MAIN ) are arguably one of the most defensive investment choices in the entire BDC sector. Both BDCs fall into the Top 10 list of the largest players in the sector, andRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liqu ...

Blackstone Inc BX reported better-than-expected third-quarter financial results on Thursday.Blackstone reported third-quarter fiscal year segment revenues of $2.434 billion, slightly beating the consensus of $2.408 billion. Distributable earnings (DE) rose 6% year-over-year to $1.279 billion. Fee-related earnings increased 5% to $1.18 billion."We invested or committed $54 billion in the quarter — the highest in over two years — and deployed $123 billion in the last twelve months since the cost of capital pe ...

Blackstone's Q3 2024 Performance - Blackstone's shares reached an all-time high of $172 25 during intraday trading on Thursday, driven by strong Q3 2024 results [1] - Distributable earnings of $1 01 per share exceeded the Zacks Consensus Estimate of 91 cents and reflected a 7% YoY increase [1] - Total segment revenues were $2 43 billion, up 5% YoY, surpassing the Zacks Consensus Estimate of $2 42 billion [1] - GAAP revenues surged 44% to $3 66 billion, driven by growth in total AUM and fee-earning AUM [1] Assets Under Management (AUM) Growth - Fee-earning AUM increased 12% YoY to $820 5 billion as of Sept 30, 2024 [2] - Total AUM grew 10% to $1 11 trillion [2] - Net inflows for the quarter were $40 5 billion, with the last 12-month inflows totaling $166 7 billion [2] - The Credit and Insurance segment contributed $21 4 billion in inflows during the quarter [2] Capital Deployment and Market Conditions - Blackstone invested or committed $54 billion in Q3 2024, the highest in over two years [2] - Over the last 12 months, the company deployed $123 billion since the cost of capital peaked [2] - The rise in AUM was supported by robust equity market performance and the Federal Reserve's monetary policy easing [2] Financial Metrics and Expenses - Net management and advisory fees, the largest component of GAAP revenues, rose 8% to $1 79 billion in Q3 2024 [4] - Total expenses on a GAAP basis increased 38% YoY to $1 9 billion, primarily due to a 52% surge in compensation and benefits costs [4] - As of Sept 30, 2024, Blackstone had $8 9 billion in total cash, cash equivalents, and corporate treasury investments, and $18 7 billion in cash and net investments [4] - The company had $171 6 billion in undrawn capital available for investment (total dry powder) [3][4] Peer Earnings Expectations - Invesco (IVZ) is expected to report Q3 2024 earnings on Oct 22, with the Zacks Consensus Estimate revised upward by 2 3% to 44 cents, reflecting a 25 7% YoY increase [5] - T Rowe Price Group (TROW) is scheduled to announce Q3 2024 results on Nov 1, with the Zacks Consensus Estimate revised upward by almost 1% to $2 33, indicating 7 4% YoY growth [5]

Key TakeawaysBlackstone's profit for the third quarter soared and revenue rose as the firm brought in more investment money.The firm's assets under management (AUM) were up 9.9% from a year ago, and its total inflows were $40.5 billion for the quarter.The news sent shares of Blackstone to an all-time high in intraday trading Thursday. Blackstone (BX) shares soared to a record high Thursday after the world's largest alternative asset manager reported its profit skyrocketed as a result of bringing in more inv ...

Blackstone Inc. (NYSE:BX) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and Chief Executive Officer Jon Gray - President and Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Michael Cyprys - Morgan Stanley Mike Brown - Wells Fargo Securities Glenn Schorr - Evercore Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Bri ...