Blackstone (BX) Stock

Blackstone's stock did well again, surpassing the performance of the S&P 500 and Nasdaq 100 indices. In 2024, BX increased by 31%, raising its market value to more than $212 billion and establishing it as the leading company in the alternatives sector.

Blackstone Mortgage Trust, Inc. is dealing with major difficulties because 80% of its collateral comes from the office, multifamily, and hospitality sectors, which are experiencing high distress rates. The office sector is particularly struggling with a distress rate of 15.5%, and there has been a significant rise in distressed multifamily properties, especially in the Sun Belt region. The oversupply in multifamily markets has caused performance to drop and new construction to stop, creating a serious risk for BXMT's loan portfolio.

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BXSL is a leading Business Development Company that prioritizes safe strategic growth while keeping a strong and flexible portfolio. The leadership team is both experienced and disciplined. Being part of the Blackstone network clearly boosts BXSL's capacity to secure new investments and funding.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced a dividend of $0.47 per share for its class A common stock for the fourth quarter of 2024. This payment will be made on January 15, 2025, to shareholders who are on record as of the end of business on December 31, 2024. Blackstone Mortgage Trust is a real estate finance company that provides senior loans backed by commercial properties in North America and Europe.

TOKYO--(BUSINESS WIRE)--Blackstone (NYSE: BX), a top alternative investment firm, has revealed that its Real Estate funds have finalized agreements to purchase Tokyo Garden Terrace Kioicho, a well-known mixed-use property covering 2.4 million square feet, from Seibu Holdings' affiliates. This $2.6 billion deal (approximately JPY 400 billion) is the biggest real estate investment by a foreign investor in Japan and represents Blackstone's largest investment to date.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) has announced that it will offer $300 million in 5.350% notes that will mature in 2028. These notes are set to mature on April 13, 2028, and BXSL has the option to redeem them fully or partially at a specified price. This offering is an additional issuance of the same type of notes that were previously issued on October 15.

Blackstone Inc. (NYSE:BX) will be participating in the Goldman Sachs 2024 U.S. Financial Services Conference on December 11, 2024, at 12:20 PM ET. Jon Gray, the President and COO of the company, will be present. Alexander Blostein from Goldman Sachs will also be part of the conference call.

The Investment Committee on CNBC's 'Halftime Report' talks about Blackstone and other financial companies.