Digital Vision./DigitalVision via Getty Images On Sept. 5, the 2024/2025 NFL Season will start with a match between the Baltimore Ravens and the defending champions, the Kansas City Chiefs. If the 2023/2024 season was any indication, this is going to be a great game! That said, did you know that in 2022, the National Football League generated $18 billion in revenue? That's according to a list compiled by Wikipedia. This number makes it the biggest league in the world - by a huge margin. Number two on the li ...

Adam Gault In this article, we discuss the latest quarterly results from the Business Development Company (“BDC”) Blackstone Secured Lending Fund (NYSE:BXSL). The company delivered a 4.2% total NAV return, one of the best Q2 results in our coverage. BXSL is a large BDC with a focus on upper middle-market borrowers. It has overweight exposure to software and healthcare companies, something we see across most other BDCs. BXSL is trading at an 11% premium to book value (about 8% rich to the average in our ...

maselkoo99 Self-made billionaires, Jon Gray and Steve Schwartzman, who lead the private equity powerhouse Blackstone (BX), have been pouring billions into REITs (VNQ) this year. They first acquired Tricon Residential (TCN) in a $3 billion transaction in January and paid a ~30% premium for it: YCHARTS Then they doubled down and acquired Apartment Income REIT (AIRC) in a huge $10 billion transaction in April and paid a ~25% premium this time: YCHARTS And now, they are rumored to be in talks to acquire ...

文章核心观点 - 近期Blackstone加速了交易和资本部署,这将在未来几个季度为公司的与费用相关的收益带来显著提升[2][3] - Blackstone的加速资本部署对维持其出色的ROE至关重要,过去5年平均ROE约为32%[4] - Blackstone的基本面改善尚未完全反映在其股价中,股价仍有上涨空间[6][7] - 房地产和私募股权市场已经到达拐点,有望受益于经济进入新的货币宽松周期[8] 公司概况 - Blackstone在过去30年中交付了16%的净内部收益率,展现了出色的资本部署能力[9] - Blackstone正在加大对住宅房地产、数据中心和能源转型等领域的投资,看好这些领域的供给短缺带来的资产价格上涨和丰厚收益[9] - Blackstone在数据中心领域的早期投资已经开始产生回报,行业需求持续加速[9] 行业趋势 - 私募股权和房地产行业交易活动正在反弹,四大私募巨头在2022年第二季度共部署了1620亿美元资本[8] - 数据中心行业供需失衡,主要市场的空置率持续下降,新增供给仍难以满足不断增长的需求[9]

Blackstone Inc. (BX) remains well-poised for growth on the back of rising assets under management (AUM), a solid revenue mix and improving fee income. However, a rising expense base and a tough macroeconomic backdrop triggering fund outflows remain concerns.Blackstone’s solid global presence enables broad diversification and organic growth prospects. While segment revenues dipped in 2023, the metric reflected a six-year (2017-2023) compound annual growth rate (CAGR) of 5.3%. The growth was primarily driven ...

Henrik Sorensen Blackstone Secured Lending (NYSE:BXSL) easily managed to cover its second quarter dividend pay-out with net investment income, and the business development company maintained high credit quality in its portfolio in 2Q24 as well. With a non-accrual ratio, based on fair value, of 0.3%, Blackstone Secured Lending has one of the most attractive credit profiles that I have seen in the business development company sector. Investors have to pay a premium of 10% for the BDC’s net asset value, bu ...

ST. LOUIS and NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) announced today that it has completed the sale of its remaining interest in the Copeland joint venture, the 40% common equity ownership stake, to private equity funds managed by Blackstone ("Blackstone").As a standalone company focused on serving the global HVAC and refrigeration market, Copeland's product portfolio includes market-leading compressors, controls, thermostats, valves, software and monitoring solutions for residential, c ...

vaeenmaIntroduction With anticipation surrounding rate cuts coming soon, some BDCs have started to experience a pullback in their share price. The sector has enjoyed some nice capital appreciation over the past two years with many trading at high premiums above their NAVs. For me personally, I haven't added to any of my BDC holdings for over a year, but with Blackstone Secured Lending's (NYSE:BXSL) price below $30, I think the stock offers a decent entry point here. In this article, I discuss the compan ...

benjaminalbiach John Bogle was the founder of Vanguard and was an early proponent of index investing. The idea is that investing in a broadly diversified fund like the S&P 500 (SPY) gets you market returns without too much hassle, and in the meantime, you get to beat most active-managed funds out there. The problem with this model is, however, that it assumes everyone is in the same boat, and that a 1% dividend yield coupled with a mid- to high-single digit EPS growth rate gets you a decent total return ...

HAKINMHAN Blackstone Secured Lending (NYSE:BXSL) is one of the few large cap BDCs that I have not covered so far. As probably most of my followers have noticed it, I am rather bullish on the BDC space given the secular tailwinds and the attractiveness of yields that can be accessed in this particular field. However, in the meantime, I think that it just makes sense from the risk and reward perspective to really focus on high quality and relatively de-risked BDCs. This is because, at the end of the day, ...