ryasick I have posted many articles making the case for real estate investment trusts, or REITs (VNQ), over the past year. In short, their share prices had crashed, and their valuations had dropped to the lowest levels in 16 years, with most REITs trading at large discounts relative to the value of the real estate they own. Still today, it is not uncommon to find individual REITs that trade at a 30, 40 or even a 50% discount relative to their net asset values. Such low valuations are truly exceptional f ...

simonkr/E+ via Getty ImagesAres Management Corporation (NYSE:ARES) is the fourth largest US firm with asset management activities as its core business. ARES was founded in 1997, and accumulates a market cap of approximately $45.5 billion, together with trailing revenues of $3.526 billion and a total AUM of $428 billion. On Friday, the firm is set to report Q2 earnings, following a week where leading alternative asset managers will also be reporting. This is the case for Blue Owl Capital (OWL) and Apollo ...

Robert Daly Blackstone (BX) has long been underweight retail, having mostly bought single family rentals, apartments, industrial and data centers. On 7/30/24, Reuters published a report saying Blackstone is in preliminary discussions to acquire Retail Opportunity Investments Corp. (NASDAQ:ROIC). Shopping centers have had increasingly favorable fundamentals, as we wrote about here. It would seem private equity is starting to appreciate the sector. Given that Blackstone and other private equity are dramat ...

USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, July 30, 2024 /PRNewswire/ -- Large tech companies have ramped up their spending on developing generative artificial intelligence (genAI), banking on big financial returns in the future. According to a report from Goldman Sachs, these tech giants are set to spend over $1 trillion on AI capex in coming years, generating more and more costs along the way. Another major private-equity firm, Blackstone Inc. (NYSE: BX), is bettin ...

Gary Yeowell Thesis Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The REIT is one of the largest in the space, alongside Starwood Property Trust (STWD), and has been hit hard by the current downturn in North American CRE. In this article, we are going to have a closer look at the REIT's latest results and our view on its path forward. BXMT is a type of lending institution, n ...

kmaassrock/E+ via Getty Images Blackstone Inc. (BX) is a giant in the real estate market. We doubt that’s breaking news to most. The company, which currently has a market cap of $173 billion, is the owner of BREIT, its real estate investment vehicle. BREIT is 3x larger than the next five largest non-traded REITs combined! According to the company’s 2Q24 earnings, this investment vehicle has generated a cumulative return of 10% in its largest share class since early 2022 and a return of more than 10% ann ...

These companies offer solid return prospects and above-average yields.The S&P 500 includes world-class companies with solid return prospects, but income investors might be dissatisfied with the index's current average yield of 1.3% -- the lowest in over 20 years.Some of the best companies in the index demonstrate solid business performance while also offering better dividend yields. Here are two such stocks that have what it takes to continue rewarding investors for years to come.1. Coca-ColaCoca-Cola (KO 1 ...

Richard Drury As I suspected months ago, Blackstone Mortgage Trust, Inc. (NYSE:BXMT) finally decided to cut its dividend amid continual problems in its loan portfolio. Blackstone Mortgage suffered a further decline in its performing loan percentage in the second quarter and chose to respond to the resulting deterioration of its portfolio quality by cutting its dividend by 24%. The move will save the company some cash, approximately $100M annually, and the distribution coverage metrics are set to improve as ...

Andrii Yalanskyi/iStock via Getty Images Life happens fast in the stock market. In our coverage of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in June, we highlighted the risks that were front and center and suggested investors stick with the bonds rather than chase high-yield. Of course, the reason you have made far less money than even this 7% a year is that the stock trades at a wide discount to NAV versus what it did at inception. But regardless of that observation, we think the 8% yield to maturity ...

NoDerog Introduction If you ever played Monopoly, you probably know there's a point in the game where you know it's game over. Once someone has bought enough hotels, it's over for the others. The moment someone has enough cash flow, they become invincible, capable of withstanding any "rent" charges, and able to buy any property that's for sale. Although the real world is very different from the Monopoly game, it feels like the Blackstone Inc. (NYSE:BX) figured out how to get ahead many years ago, as it ...