Blackstone's profit surges as dealmaking rebounds, execs signal CRE recovery
Blackstone beat estimates for fourth-quarter profit on Thursday, driven by a pickup in dealmaking, while executives at the world's largest alternative asset manager signaled that the troubled commercial real estate sector was stabilizing.
Blackstone's Q4 Profit Surges as Dealmaking Gathers Momentum, AUM Hits Record High
(Reuters) - Blackstone trounced Wall Street estimates for fourth-quarter profit on Thursday, fueled by a pickup in dealmaking, while the assets under management at the world's largest alternative investment firm reached a record $1.13 trillion.
Blackstone, New York City
Blackstone defends $80bn data centre investment
The firm is sticking with the strategy, which includes backing data centers, after it drove near-record earnings.
Blackstone Inc., the world’s largest commercial property owner, said the worst is over for the global office market after a ...
Financial writer discusses Blackstone's interest in rebounding office market, potential property investments, and strong ...
Blackstone Inc. closed 7.65% short of its 52-week high of $200.96, which the company achieved on November 25th.
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Stephen A. Schwarzman-led Blackstone also signed the largest Manhattan office lease of 2024 at Rudin’s 345 Park Ave.
Net income for the quarter totaled $1.3 billion, or $0.92 per share, in a 1,120% increase from $109 million a year earlier.
HSBC raised the firm’s price target on Blackstone (BX) to $192 from $161 and keeps a Hold rating on the shares. HSBC believes the business ...
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