Skip to content

時序台

單一時間軸

Blackstone’s Real Estate Trust Redemption Requests Decline to Lowest Point This Year – Yahoo Finance

(Bloomberg) — Blackstone Inc.’s giant real estate trust for wealthy individuals saw redemption requests ease to the lowest point this year as it limited withdrawals for a ninth consecutive month.
Most Read from Bloomberg
US, Europe Growing Alarmed by China’s Rush Into Legacy Chips
Charles Koch-Tied Group Seeks to Block Trump From GOP Nomination
Stock Rally Takes a Break as Treasury Yields Climb: Markets Wrap
Asia’s Richest Families Fuel Race for Lucrative Finance Jobs
Singapore PM to Address Political Scandals in Parliament
Investors sought to cash out $3.7 billion in July from Blackstone Real Estate Income Trust, according to a letter Tuesday. BREIT returned about $1.3 billion, or about 34% of what was requested.
Withdrawal requests in July fell for the third consecutive month, dropping from the $3.8 billion that investors asked to pull in June. Since Nov. 30, when BREIT began limiting withdrawals, it has returned $9.4 billion to investors.
The $68 billion Blackstone trust has been working through redemption requests that picked up last year. Retail investors became more hesitant about locking up cash in commercial property while the sector was grappling with higher borrowing costs and falling property values.
BREIT has sold $12 billion of real estate assets since the beginning of 2022, generating $2.5 billion of profit during its ownership, according to Blackstone. Recent transactions include an $800 million sale of a Texas hotel, and a $2.2 billion deal to offload a self-storage business.
Returns are lower than in recent years. A major BREIT share class has returned 1.3% this year through June, after gaining 8.4% in 2022 and about 30% in 2021. The trust has the option to limit redemptions to 2% of its net asset value each month and 5% each quarter.
“This structure was designed to both prevent a liquidity mismatch and maximize long-term shareholder value,” according to the letter. “A shareholder who began submitting repurchase requests when proration began has received approximately 94% of their money back and the semi-liquid structure is working as intended.”
BREIT is focusing on sectors as logistics, rental housing and data centers, according to the letter to shareholders.
–With assistance from Dawn Lim.
Most Read from Bloomberg Businessweek
Influencers Built Up This Wellness Startup—Until They Started Getting Sick
AI in Hollywood Has Gone From Contract Sticking Point to Existential Crisis
The Stainless-Steel Boom Is Tearing a South African Mining Region Apart
Economist Behind Popular Recession Gauge Worries She Created a ‘Monster’
What China’s Real Estate Market Will Look Like in Five Years
©2023 Bloomberg L.P.
“The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance," Fitch Ratings said.
The stake sale will formally start the exit of the Hamied family who had founded Cipla in 1935, the report added. Cipla and Blackstone did not immediately respond to Reuters' request for comment. The move will also trigger an open offer for an additional 26% of Cipla, upon full subscription of which Blackstone would end up owning as much as 59.4% of Cipla's stake, according to the report.
(Bloomberg) — Elon Musk sees a lot to like at the shortest end of the Treasury curve.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s Call to Save Xi’s City Angers Flood VictimsOn Thursday, Musk, the chief executive of Tesla Inc. and owner of X, the social-media platform fo
(Reuters) -Carl Icahn-owned investment firm Icahn Enterprises on Friday halved its quarterly payout, months after short-seller Hindenburg Research accused it of operating a "Ponzi-like" structure to pay dividends. "Icahn Enterprises will eventually cut or eliminate its dividend entirely, barring a miracle turnaround in investment performance," Hindenburg said when it had announced its short position. Icahn Enterprises said on Friday it would distribute $1 per depositary unit to its investors for the second quarter, lower than its usual payout of $2 per unit.
If you're like most S&P 500 investors, you're celebrating your nearly 18% gains this year. But doubters are betting it's too good to last.
Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.
ContextLogic Inc. (WISH) delivered earnings and revenue surprises of 5.85% and 28.05%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
The markets have been hot these past six months. The pace of inflation is cooling off, the Federal Reserve is expected to dial back its own pace of interest rate hikes, tech stocks are booming on the strength of AI, and in all, the S&P gave five consecutive months of gains through the end of July. But did we just see a black swan? Fitch cut the US government’s credit rating yesterday, from AAA to AA+, saying that the Federal government’s fiscal situation is likely to deteriorate significantly ov
EV start-up Fisker reported second-quarter sales of less than $1 million. Wall Street was looking for close to $50 million.
Amazon stock popped after it reported Q2 2023 earnings on Thursday after the market closed.
Tupperware said on Thursday it had struck an agreement with its lenders which will help reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Widely recognized for its bright-colored plastic airtight containers, the company had recently caught retail traders' attention, which has helped drive a more than 449% share surge over the past three weeks. Tupperware was the fourth most touted stock on investors-focused social media, stocktwits.com on Friday.
Apple reported quarterly earnings Thursday after the bell that showed a third straight quarter of revenue declines with iPhone sales missing forecasts.
Block reported second-quarter earnings that topped estimates as the consumer Cash App business turned in a strong quarter.
DraftKings (DKNG) delivered earnings and revenue surprises of 29.17% and 14.78%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Shares of the sports betting company surge after DraftKings posts second-quarter revenue that beat expectations.
Amid macroeconomic concerns, Beyond Meat (BYND) introduces innovations, expanded distribution, and made progress in its operations. The impacts of these are likely to get reflected in its Q2 results.
Shares of Tupperware, Rite Aid and trucking giant Yellow have been on a wild ride. The eye-popping swings in recent days are reminiscent of the meme-stock craze during the pandemic that turned [GameStop into an unlikely stock-market star](https://www.
While Simon Property's (SPG) Q2 results reflect better-than-anticipated revenues, higher operating expenses and interest expenses act as dampeners.
Two EV stocks are making notable moves. Demand for electric vehicles and charging solutions deliver earnings and sales boost.
While the top- and bottom-line numbers for EOG Resources (EOG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

source