stockcam Quarterly BV Fluctuation: Basically an Exact Match (Within a 0.5% Variance). Adjusted Core Earnings/EAD: Minor Outperformance ($0.02 Variance). An "as expected" quarter regarding Blackstone Mortgage Trust, Inc.'s (NYSE:BXMT) BV in my opinion. BXMT recorded a minor - modest quarterly BV decrease which was correctly anticipated. When factoring in impacts from recording net realized losses during the quarter (also known as "charge-offs"), BXMT recorded a net increase to the company's CECL reserves o ...

Heath Korvola/DigitalVision via Getty ImagesIntroduction Let me start this article by saying that I am fully aware that I went with an extremely catchy title. However, it's far from clickbait, as this article will be about a few very important (interrelated) issues: inflation, central bank rates, and dividends. All of this is related to the "cash trap" I promised to give a lot more attention to. On June 29, for example, I wrote an article titled "Here Are 4 Fantastic Dividends Yielding 6% To Avoid The ' ...

KEY TAKEAWAYSPrivate equity giant Blackstone is reportedly mulling options for VFS Global, including a sale of its majority stake in the visa outsourcing and technology services firm.A sale of the Dubai- and Zurich-headquartered unit could value VFS at around $7 billion, Bloomberg reported.Blackstone has reportedly held preliminary talks with advisors to evaluate a full or partial sale of VFS, which it bought into in 2022. Private equity giant Blackstone (BX) is reportedly mulling options for VFS Global, in ...

J Studios Today, we venture back into the world of the highest yielding real estate. Straying from our usual conversation of equity REITs, we occasionally peer over the fence to the debt side of the equation. This was the case for our prior coverage of the Blackstone Mortgage Trust (NYSE:BXMT), one of the largest diversified mortgage REITs on the planet, managed by the legendary asset manager Blackstone (BX). Our most recent coverage of BXMT came during a special time that we affectionately nicknamed March ...

Blackstone Inc. (NYSE:BX) Barclays 22nd Annual Global Financial Services Conference September 11, 2024 11:15 AM ET Company Participants Michael Chae - Chief Financial Officer Conference Call Participants Benjamin Budish - Barclays Benjamin Budish Final chat, delighted to have with us from Blackstone, Michael Chae, CFO. Mike, thanks so much. Michael Chae Ben, Nice to be here. Thanks. Nice to see everyone. Question-and-Answer Session Q - Benjamin Budish Maybe just to kick it off, can you talk about your curre ...

会议主要讨论的核心内容 宏观经济形势 - 公司观察到通胀和经济正在降温 [2][3][4] - 公司认为可能出现经济"软着陆" [5][6] - 公司认为利率水平在中高3%区间是较为有利的环境 [7] 交易环境 - 公司预计2025年交易活跃度将大幅提升 [9][10][11] - 公司目前保持较高的投资部署速度 [12] - 公司预计短期内变现活动可能滞后于市场改善 [13][14][15] 公司业务发展 - 公司认为规模优势为公司带来了很多优势 [18][19][20] - 公司在数字基础设施等新兴领域保持领先地位 [19][20] - 公司看好私募市场的长期增长潜力 [21][22][23] - 公司在保险资产管理和私人财富管理等领域保持快速增长 [27] - 公司在基础设施投资领域保持强劲增长势头 [46][47][48] 其他 - 公司重视人才和文化建设 [51][52][53] - 公司高度重视运用数据和AI技术提升运营和投资决策能力 [55][56][57][58]

Blackstone Mortgage Trust Inc.'s (BXMT, Financial) prospects are in the limelight amid a changing interest rate environment and a recent dividend cut. The mortgage real estate investment trust has shed approximately 10% of its market value in the past six months, illustrating investors' dissatisfaction with the systematic environment and the company's execution.Considering these factors, the question becomes: Is Blackstone Mortgage Trust a "buy-the-dip" opportunity, or will it succumb to its current headwin ...

beckariuz Blackstone Secured Lending (NYSE:BXSL) is a top BDC choice for income investors that value a high-quality, well-performing investment portfolio and a highly secure 10% yield. Blackstone Secured Lending suffered only a minor decline in its balance sheet quality in the second-quarter and supported its dividend well with net investment income. Shares of Blackstone Secured Lending are trading, deservedly, at an 11% premium to net asset value and I see a risk profile that is heavily skewed to the u ...

benjaminalbiachCapital preservation is one of the keys to long-term investment success, and like many things in life, that’s probably easier said than done. What often gets overlooked, however, is that when you buy dividend paying stocks, your initial capital is de-risked with every dividend payment into your account. For example, if you buy a stock at $100 per share, and get $5 in dividends after one year, then tax considerations aside, it’s the same as if you bought the stock at $95 today. That’s why ...

文章核心观点 - Enstar Group Limited (ESGR)被全球投资公司Sixth Street以51亿美元的总股权价值收购[2] - 交易完成后,ESGR的优先股系列D和系列E将从纳斯达克交易所退市[2] - 公司私有化后,不再需要遵守1934年证券交易法的报告义务,可以简化行政和监管负担[3] - 维持上市地位涉及成本和监管合规,私有化后可以避免这些费用[3] 根据目录分别总结 为什么优先股会在私有化交易中退市 - 公司私有化后不再是公众公司,普通股和优先股将被退市和注销登记[3] - 公司不再需要遵守证券交易法的报告义务,可以简化行政和监管负担[3] - 维持上市地位涉及成本和监管合规,私有化后可以避免这些费用[3] 2021年之前退市并不是什么大问题 - 2021年SEC修订规则15c2-11,要求在场外交易市场交易的公司维持严格的披露标准[5] - 经纪商被禁止公开报价那些母公司为私有实体的退市证券,只接受低价卖出订单[5] - 但这并不意味着这些证券的股息和利息支付存在风险,仍可以安全收取[5] 退市后优先股股息是否容易被暂停 - 任何公司都可以随时暂停优先股股息,不需要退市[6] - 退市本身并不意味着股息就会被削减[6] 几个退市案例分析 1. HMLP-A优先股退市: - 主要原因是维持上市和定期报告的成本[8] - 退市后HMLPF继续按时支付股息[8] 2. PSB优先股退市和收购要约: - 在Blackstone收购PSB后,公司宣布以60美分/股的价格收购优先股[8][9] - 未参与收购的优先股继续按时支付股息[9] 3. CDR优先股"孤立": - CDR部分资产被出售后,优先股CDDR-B和CDDR-C继续按时支付股息[9][10] 4. LTS优先股和债券退市: - LTS证券在2019年被Advisor Group收购后退市[11] - 尽管失去交易性,但LTS优先股和债券仍在按时支付收益[11][12] 投资永续优先股需要注意的事项 - 永续优先股可以在赎回日后无限期继续交易[13] - 赎回取决于发行人,除非可以以大幅降低的成本借款,否则不太可能赎回[13] - 投资永续优先股的目的应该是长期持有获得收益,而非交易[13] 是否应该选择有控制权变更条款的优先股 - 有此类条款的优先股通常风险较高,因为发行人的财务状况和业务较弱[14] - 高评级发行人的优先股通常没有太多保护性条款[14] - 我们建议采取多元化投资策略,分散投资于不同公司的优先股[14]