Blackstone Secured Lending: I Stopped Buying One Of My Top BDCs (Rating Downgrade)
BXSL rebounded 10% since my last bullish call, as market panic over tariffs eased and valuations normalized. Q1 2025 results show strong fundamentals: 98% first-lien debt, resilient portfolio, and 0.3% non-accruals—among the best in the sector. Lower interest rates pressured NII, but BXSL still covered its $0.77 dividend with a healthy 108% payout ratio and 11.2% yield.
If I Could Only Own 3 REITs, It Would Be These
I would not want to own just 3 REITs. But if I had to buy just 3, I would focus on large, investment-grade rated REITs. I present 3 such REITs that are deeply discounted.
Blackstone Plans to Invest $500 Billion in Europe Over 10 Years
BX plans to pour $500 billion into Europe over 10 years, eyeing growth as the region boosts spending and reforms take shape.
Warehouse REIT bid cut by Blackstone, but broker says ‘shoot for the stars'
A revised takeover offer for Warehouse REIT PLC (AIM:WHR) from Blackstone has drawn fire from Shore Capital, which argues that the private equity giant is undervaluing the property group at a time of strengthening fundamentals. Blackstone trimmed its final offer to 109p per share on Wednesday, down from the previous 113.4p, citing differing views over the valuation of a key development site at Radway Green in Cheshire.
Mid-cap bargain hunt continues as Warehouse REIT backs £470m Blackstone bid
Warehouse REIT PLC (AIM:WHR) has become the latest undervalued mid-cap to fall to bargain hunters in what is fast becoming a feeding frenzy on unloved UK-listed companies. Following recent takeover deals struck for H&T Group, Deliveroo, Dowlais, and Kinovo, Blackstone has agreed to acquire the property group for £470 million, or 109 pence per share in cash.
My Highest Conviction High-Growth Dividend Stock
Investors typically have to choose between high-yield or high-growth when picking stocks. However, there are a few opportunities that combine high growth with attractive current yields. I share my highest conviction, high-growth opportunity of the moment that also offers a very attractive dividend yield and a strong balance sheet and business model.
Blackstone: Growth, Fee Resilience, And Market Position
Alternatives growth is attracting traditional managers, but Blackstone's experience and brand protects its leadership and market share. Slowing growth and Fed cuts impact segments; credit, real estate, infrastructure should remain resilient amid macro and tariff challenges. Despite industry fee pressures, Blackstone's base fees growth of 10% YoY in Q1 2025, shows strong demand for alternatives investments and fee retention capabilities.
Group that blocked New Mexico utility merger eyes data centers in Blackstone deal
Blackstone Infrastructure's plans for data centers in New Mexico will be a deciding factor in whether stakeholders challenge the private equity group's $11.5-billion proposed acquisition of electric company TXNM Energy , the group that blocked TXNM's previous merger plan told Reuters this week.
Blackstone Secured Lending: Diamond In The Rough
Blackstone Secured Lending is a strong buy due to its low non-accrual percentage and robust portfolio/NII growth. The BDC's net investment income grew 14% year-over-year, easily covering the $0.77 per-share dividend with a solid coverage ratio of 1.08X. Despite trading at a 17% premium to NAV, BXSL's near-zero non-accruals and top notch balance sheet quality justify the valuation.
Blackstone Infrastructure to Buy TXNM Energy for $5.7 Billion
Asset manager Blackstone is expanding its flourishing infrastructure business with a deal to buy energy holding company TXNM Energy for nearly $5.7 billion in cash.
Blackstone Secured Lending: Near Double-Digit Yield Likely Secure, But Wait For Now
I maintain a hold rating on Blackstone Secured Lending Fund due to economic uncertainties and potential lower base rates impacting dividend coverage and share price. Despite strong fundamentals, BXSL's net investment income and yield have declined, and investment commitments and fundings have dropped below $1 billion. BXSL's robust liquidity, investment-grade balance sheet, and high first-lien exposure support maintaining the current $0.77 dividend in the near to medium-term.
Blackstone Stock Falls 14% YTD: Buying Opportunity or Warning Sign?
BX shares fall 14% in 2025. Is it a bargain buy or a risky investment?
