BlackstoneNYSE: BX

EDMONTON, AB / ACCESSWIRE / November 1, 2024 / OneSoft Solutions Inc. (TSXV:OSS) ("OneSoft" or the "Company") is pleased to announce receipt of the final order from the Court of King's Bench in Alberta (the "Final Order") approving the previously announced plan of arrangement (the "Arrangement") with irth Solutions LLC and its wholly owned subsidiary irth Acquisition Corp. (collectively, "Irth"), a Blackstone portfolio company (the "Transaction"). The Transaction closed on November 1, 2024.

Commercial mREITs have often struggled during economic downturns, and their recent performance has been weaker than that of equity REITs, which emphasizes the need for careful investing. BXMT's emphasis on senior secured loans in top markets is encouraging, but its significant exposure to office properties and the risk of more dividend cuts should be considered. On the other hand, LADR's diverse approach, solid liquidity, and well-supported dividend present an attractive investment option, particularly as it may gain market share from regional banks.

Blackstone Mortgage Trust is dealing with credit quality problems, especially in its U.S. office sector, which has resulted in lower dividends after a recent 24% reduction. The trust's earnings are not enough to cover its decreased dividend, indicating ongoing credit difficulties and the possibility of more cuts. However, BXMT is currently trading at a 15% discount to its book value, which may appeal to investors looking for a 10% yield despite the risks.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced its results for the third quarter of 2024. The company experienced a net loss of $56 million for the quarter, with earnings per share (EPS) at ($0.32), distributable EPS at $0.39, and dividends paid per basic share at $0.47. CEO Katie Keenan noted that the recovering real estate market is creating positive momentum for BXMT.

Blackstone announced impressive results for the third quarter of 2024, with profits increasing compared to last year, thanks to growth in asset management and new asset inflows, totaling $1.1 trillion in assets under management. However, the company's valuation at 42 times its distributable earnings appears too high, which makes the potential risks seem greater than the rewards. Additionally, the dividend yield has decreased to 2% from 4.6%, making the stock less appealing at its current price.

Blackstone Secured Lending and Main Street Capital are leading defensive Business Development Companies (BDCs) with strong fundamentals. Over the last three years, they have provided returns that closely match each other and have outperformed the index significantly. Investors looking for reliable income and defensive qualities should consider BXSL and MAIN as essential parts of their portfolio.

On Thursday, Blackstone Inc BX announced third-quarter financial results that exceeded expectations.

Strong net inflows and a positive business environment have increased BX's assets under management (AUM) in the third quarter. This growth helps boost the company's earnings.

On Thursday, Blackstone (BX) shares reached an all-time high after the largest alternative asset manager in the world announced a significant increase in profits due to attracting more investments.