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Blackstone Inc. (BX) Presents at Bernstein 39th Annual Strategic Decisions Conference (Transcript)
2023-05-31 17:45
Blackstone Inc. (NYSE:BX) Bernstein 39th Annual Strategic Decisions Conference May 31, 2023 10:00 AM ET Company Participants Jon Gray - Blackstone President & COO Conference Call Participants Patrick Davitt - Autonomous Research Patrick Davitt All right. Good morning, everyone. Thanks for joining us. For those of you that don't know me, my name is Patrick Davitt, I'm the asset manager analyst here at Autonomous. As a reminder, we're using Pigeon Hole for Q&A. So if you do have any questions, put them in the ...
Blackstone(BX) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
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 MARCH 31, 2023 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 20-8875684 (State or other jurisdiction o ...
Blackstone(BX) - 2023 Q1 - Earnings Call Transcript
2023-04-20 18:32
Blackstone Inc. (NYSE:BX) Q1 2023 Earnings Conference Call April 20, 2023 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 Glenn Schorr - Evercore Craig Siegenthaler - Bank of America Adam Beatty - UBS Michael Cyprys - Morgan Stanley Ken Worthington - JPMorgan Brian Bedell - Deutsche Bank Alex Blostein - Gold ...
Blackstone(BX) - 2022 Q4 - Annual Report
2023-02-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 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 20-8875684 (State or other jurisdiction of (I. ...
Blackstone Inc (BX) Presents at 2023 Bank of America Securities Financial Services Conference (Transcript)
2023-02-16 21:58
Blackstone Inc (NYSE:BX) 2023 Bank of America Securities Financial Services Conference February 16, 2023 12:30 PM ET Company Participants Steve Schwarzman - Chairman & Chief Executive Officer Conference Call Participants Craig Siegenthaler - BofA Securities, Research Division Craig Siegenthaler Now we can get started. I'm Craig Siegenthaler from Bank of America. And it's my pleasure to introduce a man that probably hasn't needed an introduction in 30 years, Steve Schwarzman. As pretty much all of you alread ...
Blackstone(BX) - 2022 Q4 - Earnings Call Transcript
2023-01-26 15:44
Blackstone Inc. (NYSE:BX) Q4 2022 Earnings Conference Call January 26, 2023 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman & Chief Executive Officer Jon Gray - President & Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Glenn Schorr - Evercore Michael Cyprys - Morgan Stanley Ken Worthington - JPMorgan Finian O’Shea - WFS Brian Bedell - Deutsche Bank Alex Blostein - Gold ...
Blackstone Inc. (BX) CEO Steve Schwarzman presents at Goldman Sachs 2022 US Financial Services Conference (Transcript)
2022-12-07 21:00
Summary of Blackstone Inc. Conference Call Company Overview - **Company**: Blackstone Inc. (NYSE: BX) - **Assets Under Management**: $950 billion - **Capital Raised in 2022**: $180 billion - **Growth in Distributable Earnings per Share**: Over 30% for the first nine months of 2022 [1][3] Macro Economic Outlook - **Current Economic Environment**: High inflation in developed countries, aggressive interest rate hikes by central banks, particularly in the U.S. [3] - **Consumer Spending**: Consumers have significant savings from the pandemic, with an estimated extra $3.5 trillion available for spending, which may sustain growth temporarily [4] - **Housing Market**: Housing starts down 19%, typically down 35% during a normal recession, indicating a moderate slowdown [4] Private Markets Insights - **Allocation Shifts**: Higher interest rates may lead to a shift towards credit within private markets, but overall allocation to private markets is expected to remain stable [6] - **Global Demand**: Strong demand for private equity in regions outside the U.S., such as the Middle East and Asia, despite challenges in the U.S. market [6][9] - **Capital Raising Success**: Blackstone raised $183 billion in nine months, indicating robust interest in private markets [7] Private Wealth Business - **Assets Under Management**: Over $230 billion in private wealth [10] - **Market Potential**: The private wealth market has $80 trillion, with minimal allocation to alternative assets, presenting significant growth opportunities [11][12] - **Challenges**: Recent redemptions from BREIT (Blackstone Real Estate Income Trust) due to market pressures, particularly from Asia, but overall performance remains strong [10][18] Real Estate Strategy - **Focus on Asset Classes**: Concentration on warehouses and apartments, with 80% of BREIT's fund in these high-performing asset classes located in the Sunbelt region [16][22] - **Performance Metrics**: BREIT has averaged 13% annual returns over the last six years, significantly outperforming the REIT index [18][21] - **Market Positioning**: Real estate assets are currently valued at least 20% below market prices, with expectations of appreciation in the warehouse and multifamily sectors [20][24] Capital Deployment and Fundraising - **Dry Powder**: Blackstone has $180 billion available for investment, with expectations to deploy capital effectively as market conditions stabilize [27][29] - **Fundraising Targets**: Targeting $150 billion in fundraising, with several flagship funds performing well despite market challenges [31][33] Core Products and Market Relevance - **Core Product Strategy**: Core real estate and private equity products remain relevant, with a focus on stable returns rather than high-risk opportunities [34][36] - **Market Demand**: There is a growing interest in lower-risk investments that provide consistent returns, which aligns with Blackstone's product offerings [36] Conclusion - **Overall Sentiment**: Despite macroeconomic challenges, Blackstone remains optimistic about its growth prospects in private markets, real estate, and private wealth management, supported by strong capital raising and strategic asset allocation [1][10][27]
Blackstone(BX) - 2022 Q3 - Earnings Call Transcript
2022-11-06 04:02
Cvent Holding Corp. (CVT) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants April Scee – Investor Relations Reggie Aggarwal – Founder and Chief Executive Officer Billy Newman – Chief Financial Officer Conference Call Participants Josh Baer – Morgan Stanley Tyler Radke – Citi Michael Rackers – Needham Arjun Bhatia – William Blair Operator Hello, everyone. My name is Stephanie, and I will be your conference operator for today. At this time, I would like to welcome everyone to t ...
Blackstone(BX) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
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 SEPTEMBER 30, 2022 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 jur ...