BX Dips on Real Estate & Data Center Woes, Posts Record Q4 AUM Balance
Despite reporting record Q4 AUM balance and earnings beat, weak Real Estate segment performance & data center concerns drag Blackstone shares down.
Blackstone nears major deal for NYC office tower in latest sign of post-COVID real estate comeback
Last summer, Stephen A. Schwarzman-led Blackstone also signed the largest Manhattan office lease of 2024 at Rudin's 345 Park Ave.
Blackstone reaffirms big bet on AI data centers — despite DeepSeek threat
Lower costs could yet lead to a wider adoption of AI, boosting demand for data centers, Blackstone's president said.
Blackstone in talks to buy stake in New York office building-sources
Blackstone is in talks to buy a sizeable stake in a New York 50-story office building from institutional investors of JPMorgan Asset Management, two sources familiar with the matter said on Thursday.
Blackstone Inc. (BX) Q4 2024 Earnings Call Transcript
Start Time: 09:00 January 1, 0000 10:19 AM ET Blackstone Inc. (NYSE:BX ) Q4 2024 Earnings Conference Call January 30, 2025, 09:00 AM ET Company Participants Steve Schwarzman - Chairman and CEO Jon Gray - President and COO Michael Chae - VP and CFO Weston Tucker - Head of Shareholder Relations Conference Call Participants Dan Fannon - Jefferies Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Kyle Voigt - KBW Bill Katz - TD Cowen Kaimon Chung - Evercore ISI Alex Blostein - Goldman Sachs Brian Bedell - Deutsche Bank Mike Brown - Wells Fargo Securities Brennan Hawken - UBS Ken Worthington - JPMorgan Steven Chubak - Wolfe Research Ben Budish - Barclays Patrick Davitt - Autonomous Research Crispin Love - Piper Sandler Arnaud Giblat - BNP Paribas Operator Good day, and welcome to the Blackstone Fourth Quarter and Full Year 2024 Investor Call. Today's call is being recorded.
Blackstone holds firm on data center investments despite DeepSeek turmoil
Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI.
Blackstone Beats in Q4; AUM Sets Record
Global investment firm Blackstone (BX -3.37%) reported strong earnings for the fourth quarter and full-year 2024 on Thursday, Jan. 30, that topped analyst consensus estimates. Distributable earnings per share (EPS) of $1.69 exceeded analyst expectations of $1.47.
Blackstone Inc. (BX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Blackstone Inc. (BX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Blackstone's Q4 Earnings Beat, Stock Gains as AUM Touches Record High
An increase in revenues and higher AUM balance support BX's Q4 earnings.
Blackstone Inc. (BX) Surpasses Q4 Earnings and Revenue Estimates
Blackstone Inc. (BX) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.11 per share a year ago.
Blackstone Gears Up to Report Q4 Earnings: What's in the Cards for BX?
Solid inflows and a substantial jump in profits from deal exits are expected to have supported Blackstone's Q4 earnings.
Blackstone Long-Short Credit Income Fund: A Hold Amid Rate Cuts
BGX's dual long-short strategy and diversified portfolio make it a reliable income source, despite its slightly lower yield compared to peers. Rate cuts will impact BGX's profitability, but its leverage and spread on loans should mitigate the effects, maintaining stable distributions. Selling BGX shares now is premature; waiting until later in the year when the stock value increases is advisable.
