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
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Financial writer discusses Blackstone's interest in rebounding office market, potential property investments, and strong ...
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.
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Stephen A. Schwarzman-led Blackstone also signed the largest Manhattan office lease of 2024 at Rudin’s 345 Park Ave.
Shares of Blackstone Inc. BX slipped 4.10% to $177.78 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.53% to 6,071.17 ...
It’s been three years since Blackstone’s last big move in Manhattan’s office market. In 2022, the company acquired a 49 ...
Blackstone President and COO Jon Gray joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the ...
The chief operating officer of the investment giant said high-quality assets in strong markets were being priced at ...
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