AlbertPego Lately, there has been a lot of conflicting news on the state of the economy, inflation, and where interest rates are headed. This has prompted many of you to ask us: What if interest rates remain higher for longer? It appears that our macro research on interest rates has led some of you to think that our REIT investment thesis relies on interest rates returning to lower levels. It is true that we expect interest rates to be cut over the next year and think that this will be a strong catalyst ...

DNY59 The real estate investment trust, or REIT, sector enjoyed some very good news over the past month, and it leads us to believe that the window of opportunity could be closing soon. Firstly, many central banks started to cut interest rates. Canada, the Eurozone, Switzerland, Hungary, Sweden, and the Czech Republic have already cut their rates, and England is expected to follow with its first cut in August. I think that this is a strong signal for what to expect in the US as well. The Fed will likely ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Blackstone Inc. (BX) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 18, 2024, might help the stock move higher if these key numbers are better than expec ...

Leonid Sorokin Introduction I doubt I'm breaking any news when I say the era of cheap money is over. The reason I'm bringing this up is that Bloomberg just published a huge article on Blackstone's (BX) $339 billion property arm, as the world's largest real estate investor is moving into riskier assets to find elevated returns. Bloomberg According to the article, Blackstone, which thrived when rates were low and acquisitions were cheap, is facing unprecedented challenges. Simply put, with global central bank ...

konkrete/iStock via Getty ImagesOn our previous coverage of Blackstone Mortgage Trust, Inc. (NYSE:BXMT), we felt that there was no real reason to be long this distressed mortgage REIT. We came to that conclusion by examining the macro setup and the compelling short thesis by Muddy Waters. We felt that the best risk-reward was via a slightly different options trade. They would, if this level of distress, extended uniformly to multifamily and other assets. We don't have any reason to believe that, and nor ...

NEW YORK, June 12, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit & Insurance"), recently announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit ...

Blackstone Inc. (NYSE:BX) Morgan Stanley US Financials, Payments & CRE Conference June 11, 2024 12:00 PM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and CEO Conference Call Participants Michael Cyprys - Morgan Stanley Michael Cyprys All right. Why don't we go ahead and get started here? For important disclosures please see the Morgan Stanley Research disclosure website at morganstanley.com/researchdisclosures. Also note that taking of photographs and the ...

Transaction Represents Important Simplification Milestone in Emerson's Portfolio TransformationST. LOUIS and NEW YORK, June 6, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) announced today that it has entered into a definitive agreement to sell its remaining interests in the Copeland joint venture (formerly Emerson Climate Technologies) for a transaction value of approximately $3.5 billion, with pre-tax cash proceeds of $3.4 billion, net of the release of $0.1 billion of future indemnity obligations. Private equ ...

Richard Drury/DigitalVision via Getty Images Artificial intelligence continues to drive demand for electricity and those poised to deliver are positioned to capitalize on a once-in-a-lifetime gold rush. In addition to increased demand, AI is instigating a deceleration in gains of energy efficiency causing forward projections around electricity usage to deviate from historical trends. Data centers are one of the most highly impacted segments of this increased demand. Global data center power demand could ...

Blackstone Inc. (NYSE:BX) Bernstein's 40th Annual Strategic Decisions Conference Call May 29, 2024 10:00 AM ET Company Participants Jon Gray - President & Chief Operating Officer Conference Call Participants Patrick Davitt - Autonomous Patrick Davitt Good morning, everyone. Thanks for joining us. My name is Patrick Davitt. I'm the U.S. asset manager analyst here at Autonomous. As a reminder, if you want to submit any questions, you do it online through the Pigeonhole website, and I'll try to work those in a ...