公开REITs与私人REITs的投资差异 - 公开与私人房地产投资之间的机械差异在于投资工具之间的功能差异[1] - 公开REITs和私人REITs都投资于相同的资产池，选择购买个别物业或物业组合[3] - 公开REITs倾向于选择更高质量的资产，导致在各种物业类型上拥有更高的占用率[6] 公开REITs与私人REITs的财务成本比较 - 公开REITs的利息费用较低，因为它们在过去5年的低利率环境中将债务期限化[11] - 公开REITs的利息费用实际上远低于国债[12] - 私人房地产的债务成本将根据筹集资本的时间而有很大差异[14] - 公开REITs使用固定利率债务，而私人REITs的情况则因实体而异[15] 公开REITs与私人REITs的市场价格比较 - 公开REITs的费用和上市费用将主要体现在费用和上市费用上[18] - 大型市值（20亿美元以上）的公开REITs提供最具成本效益的结构[22] - 公开REITs目前以89%的净资产值交易，因此在当前市场价格下，选择公开REITs可能比选择私人REITs更好[28] - 当公开REITs的市场价格低于净资产值的105%时，选择公开REITs可能更好[30] - 当公开REITs的市场价格高于净资产值的105%时，选择私人REITs可能更好[31] - 公开REITs目前处于市场价格低于净资产值的情况，因此选择公开REITs可能是更好的选择[31]

Blackstone Inc. (NYSE:BX) Q1 2024 Results Conference Call April 18, 2024 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and CEO Jon Gray - President and Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Michael Cyprys - Morgan Stanley Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Glenn Schorr - Evercore ISI Crispin Love - Piper Sandler Brian Bedell - Deutsche Bank ...

For the quarter ended March 2024, Blackstone Inc. (BX) reported revenue of $2.55 billion, up 2.6% over the same period last year. EPS came in at $0.98, compared to $0.97 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.51 billion, representing a surprise of +1.73%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.98.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Blackstone’s (BX) first-quarter 2024 distributable earnings of 98 cents per share were in line with the Zacks Consensus Estimate. The figure reflects a rise of 1% from the prior-year quarter.Results have benefited from a rise in segment revenues and improvement in the assets under management (AUM) balance. However, higher GAAP expenses have hurt the results to some extent.Net income attributable to Blackstone was $847.4 million compared with $85.8 million in the year-ago quarter.Segment Revenues Improve, GA ...

Blackstone Inc. (BX) came out with quarterly earnings of $0.98 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this investment manager would post earnings of $0.95 per share when it actually produced earnings of $1.11, delivering a surprise of 16.84%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Blackstone Inc., which ...

净收入和资产管理规模 - Blackstone报告2024年第一季度净收入为16亿美元，过去12个月为38亿美元[11] - 第一季度管理和咨询费净收入为17.27亿美元，较去年同期增长4%[12] - 第一季度分配收入为13亿美元，每股0.98美元，过去12个月为51亿美元，每股3.96美元[13] - 总资产管理规模达到1,061.3亿美元，其中费用收入资产管理规模为781.4亿美元[13] - 第一季度吸金340亿美元，部署245亿美元，实现150亿美元，每股派发0.83美元股息[13] - 净应计绩效收入达到61亿美元，每股5美元[15] - 本季度资金流入为340亿美元，使得最近12个月的资金流入达到1422亿美元[18] - 资本投入本季度为245亿美元，最近12个月为875亿美元[18] - 本季度实现收益为150亿美元，最近12个月为628.4亿美元[18] - 总资产管理规模增至1061.3亿美元，同比增长7%[19] - 收费资产管理规模为781.4亿美元，同比增长7%[20] - 永续资本管理规模达到408.1亿美元，同比增长7%[20] - 投资绩效资产管理规模达到515.4亿美元[21] - 可供投资的未使用资本（“总干粉”）为191.2亿美元[21] - 上一季度总资产管理规模为1,061,263亿美元，较去年同期增长2%[39] - 公司总资产管理规模为1,061,263亿美元，较去年同期增长2%[39] 投资表现 - 不动产、私募股权、信贷和多资产投资等领域的投资表现均有所增长[16] - 私人信贷净回报率分别为3.1%和12.6%，流动信贷净回报率分别为2.3%和11.8%[17] - BREP VII基金在2011年至2015年期间的IRR为20%[43] - BREP Europe VI基金在2019年至2023年期间的未实现投资价值为8093.1万欧元，IRR为72%[43] - BREP Asia II基金在2017年至2022年期间的未实现投资价值为6618.9万美元，IRR为31%[43] - BREP Co-Investment基金的IRR为16%[43] - BREDS High-Yield基金的IRR为10%[43] - BCP VII基金在2016年至2020年期间的IRR为27%[43] - Energy III基金在2020年至2026年期间的IRR为55%[43] - BCP Asia I基金在2017年至2021年期间的IRR为95%[43] - Core Private Equity I基金在2017年至2021年期间的IRR为58%[43] - Corporate Private Equity部门总体IRR为16%[43] - Tactical Opportunities基金的总投资为41657537美元，总投资价值为50381123美元，总IRR为17%[45] - Growth基金的总投资为9235120美元，总投资价值为3999642美元，总IRR为n/m(-3)%[45] - Strategic Partners（Secondaries）基金的总投资为67344587美元，总投资价值为63321440美元，总IRR为14%[45] - Life Sciences基金BXLS V的总投资为4988972美元，总投资价值为3158305美元，总IRR为n/m(12)%[45] - Credit基金总投资为53366033美元，总投资价值为63369352美元，总IRR为10%[45] - Real Estate策略BPP的总资产管理规模为64981848美元，总净回报率为6%[47] - Private Equity策略BXPE的总资产管理规模为2714744美元，总IRR为n/m[47] - Credit策略BCRED的总资产管理规模为66356521美元，总IRR为10%[47] - Multi-Asset Investing策略BSCH的总资产管理规模为9781788美元，总IRR为12%[47] - BCRED截至2024年3月31日的净资产价值为310亿美元[62] - BCRED的I类股票的总净回报率为1月7日起年化基础[63] - BSCH的总资产管理规模为108亿美元，投资于私募股权和其他私募市场替代资产管理公司的GP股权策略[64] 股东回报和财务状况 - 每股可分配收益为0.98美元，过去12个月为3.96美元[65] - Blackstone宣布每股普通股季度股息为0.83美元，记录日期为2024年4月29日，支付日期为2024年5月6日[66] - Blackstone在2024年第一季度回购了70万股普通股，过去12个月回购了340万股普通股，截至2024年3月31日，剩余授权金额为6.68亿美元[67] - 公司现金及净投资总额为17,287千美元，每股14.21美元[41] - 公司拥有43亿美元的信用授信额度和A+/A+的信用评级[41] - Blackstone在2024年第一季度的总收入为36.88亿美元，总支出为17.9亿美元，净收入为15.96亿美元[69] - Blackstone Inc. 2024年第一季度净利润为15.98亿美元，较2023年第一季度的7.02亿美元增长[70] - 2024年第一季度可分配收益为12.66亿美元，较2023年第一季度的5.94亿美元增长[75] - 2024年第一季度调整后的EBITDA为15.77亿美元，较2023年第一季度的7.19亿美元增长[77] - 2024年第一季度，Blackstone的现金及现金等价物为25.04亿美元，投资为259.22亿美元[79] - Blackstone的总资产为397.06亿美元，负债为212.29亿美元，净资产为175.42亿美元[79] - Blackstone的GAAP投资为259.22亿美元，净应计绩效收入为60.84亿美元[80] - Blackstone的企业财务投资为19.8亿美元，其他投资为50.02亿美元[80] - Blackstone的贷款余额为107.4亿美元，未摊销折价为1.27亿美元[80] 费用和收入 - 管理费净收入为1,707,571千美元，较去年同期增长5%[38] - 管理费相关收入为1,160,017千美元，较去年同期增长7%[38] - 实现的绩效收入为536,393千美元，较去年同期增长32%[38] - 总资产管理规模为

Blackstone第一季度财报预测 - Blackstone将于4月18日发布2024年第一季度财报，预计收入和盈利将较去年同期有所改善[1] - Blackstone在上个季度的盈利超过了Zacks Consensus Estimate，受益于部门收入增加和资产管理平衡改善[2] - Blackstone具有不错的盈利惊喜历史，过去四个季度中有两次超过Zacks Consensus Estimate[3] - Blackstone第一季度盈利的Zacks Consensus Estimate为每股98美分，较去年同期的报告数字上调1%[4]

The Blackstone Group Inc. (BX Quick Quote - Free Report) Investors are always looking for stocks that are poised to beat at earnings season and   may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Blackstone is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date inf ...

Steve Schwarzman’s guiding philosophy has always been to “go big,” and despite Blackstone having surpassed $1 trillion in assets, he’s still feeling expansive.By Sergei Klebnikov, Forbes StaffBlackstone’s 77-year old founder and chief executive grew up in a suburb of Philadelphia. From as early as ten-years-old, he would work at his father’s curtains and linens store by helping work the counter. By age 14, he ran his own lawn mowing business where he focused on new clients while his younger twin brothers wo ...

Blackstone Inc. (BX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. ...