Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.
Blackstone Inc. has had an extraordinary run over the past 10 years developing into the world's leading asset manager. BX Q1 saw revenue and net income decline, but assets under management and fee-related earnings grew, supporting a positive outlook for Q2. Blackstone's scale, reputation, and institutional client base position it as the world's leading alternative asset manager, driving long-term growth.
Blackstone Inc. (BX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Blackstone's gambling company Cirsa intends to have its shares listed on the Spanish stock market on or around July 9, it said on Tuesday after the stock market regulator CNMV authorised the planned initial public offering.
Initiating Blackstone at Strong Buy with $234 PT, citing unmatched perpetual capital model, record dry powder, and secular growth in private wealth and insurance channels. Street underappreciates Blackstone's durable, high-margin earnings engine; FRE and AUM growth are structurally embedded, not cyclical, supporting multi-year compounding. Our below-consensus EPS outlook reflects conservative realization assumptions, but BX's downside is protected by resilient margins and opportunistic capital deployment.
Patria Investments offers a focused Latam alternative asset platform, filling a gap where Blackstone has little presence. Patria mirrors Blackstone's business model but leverages local expertise and a smaller, faster-growing market for superior growth potential. Blackstone's scale and capital access are unmatched, but Patria's valuation is far more attractive for investors seeking quality at a discount.
BXSL maintains strong fundamentals, with low non-accruals and a resilient, diversified portfolio, supporting my continued buy rating, despite a higher premium to NAV. The company's large cash position and focus on software, healthcare, and professional services position it well for future growth and new investment opportunities. Dividend yield remains attractive at 9.7%, with net investment income providing solid coverage and consistency, making distributions sustainable for the foreseeable future.
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.
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.
BX plans to pour $500 billion into Europe over 10 years, eyeing growth as the region boosts spending and reforms take shape.
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.
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.