The Motley Fool

OCTOBER 17, 2024

billion, as Weston mentioned, and the highest fee-related earnings in two years. Since the Fed began its interest rate tightening cycle in 2022, we've spent considerable time on our earnings calls discussing how we see the macro environment unfolding. Fee-related earnings were $1.2 billion in the third quarter or $0.96

Debt 130

Debt Management Fees Assets Finance 130

The Motley Fool

FEBRUARY 9, 2024

We finished 2023 on a strong note with another consecutive quarter of management fee and FRE growth, 11 for 11 since we've been a public company, against a market backdrop that has been exceptionally volatile and uncertain. We grew FRE and DE 25% this past year following over 40% growth in both metrics in 2022. Thank you, Ann.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

The Motley Fool

AUGUST 2, 2024

Our AA rating reflects our healthy capital position including more than $4 billion in highly liquid assets at the end of the second quarter, a high-quality well-diversified investment portfolio, and a disciplined approach to asset liability management. Turning to Slide 9.

Assets 130

Assets Liabilities Capital Collateral 130

The Motley Fool

FEBRUARY 6, 2024

Total non-GAAP expenses were $148 million in the fourth quarter, 52% lower compared to the fourth quarter of 2022. Beyond that initial acquisition, we have continued to acquire an average of $40 million of Bitcoin each year with excess cash on our balance sheet, totaling approximately 3,500 bitcoins since 2022. Moving to costs.

Leveraging 130

Leveraging Debt Assets Shareholders 130

The Motley Fool

OCTOBER 11, 2024

The combination triples infrastructure AUM and doubles private markets run-rate management fees. This was due to the relative outperformance of lower fee U.S. equity markets and client preferences for lower fee U.S. The closing of GIP added $116 billion of client AUM and $70 billion of fee-paying AUM on October 1.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

MARCH 20, 2024

Our number of major hit games in China, achieving both high DAU and substantial monetization, increased from six in 2022 to eight in 2023. Fintech services revenues sustained a teens year-on-year growth rate on increased commercial payment volume, wealth management fees, and consumer loan fees.

Accounting 246

Accounting Shareholders Financial Institutions Leveraging 246

The Motley Fool

FEBRUARY 22, 2024

and Canada at their lowest levels we've seen in decades, we proactively off-boarded many nonproductive agents in the fourth quarter, such as agents that had no sides in the last 12 months and agents which also not paid their fees. We ended the year with 87,515 agents, which was up 2% over 2022 but down 1. in 2022 to 4.2%

Legal 100

Legal Management Fees Leveraging Accounting 100

The Motley Fool

FEBRUARY 15, 2024

Yet due to our underlying business model, significant cost management, and the exceptional W&D team, full year adjusted EBITDA was $300 million, down only 8% from 2022. billion, down 55% from 2022, slightly less than the broader market decline of 61%. in 2022 to 7.4% billion, down only 16% from 2022.

Debt 100

Debt Finance Financing Banks 100

The Motley Fool

JANUARY 12, 2024

Earnings per share were $3.42, and that grew 7% over 2022. Adjusted full year revenue grew 5% on a back of 9% NII improvement and strong asset management fees and sales and trading results. If you think back, as we ended 2022 and entered 2023, the great debate was how much the pandemic surge in deposits would dissipate.

Banks 130

Banks Taxes Accounting Assets 130

The Motley Fool

APRIL 30, 2024

We have strong momentum in our non-agency products, originating over $185 million of non-QM loans in the first quarter, almost back to levels we were seeing in 2022 on a quarterly basis. As we look at Great Ajax, it's a platform that's going to be externally managed, assuming that shareholder vote is affirmative for us.

Capital 130

Capital Enterprise Values Assets Banks 130

The Motley Fool

APRIL 18, 2024

The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7 Fee-related earnings increased 12% year over year to $1.2 With respect to revenues, the firm's expansive breadth of strategies lifted management fees to a record $1.7 billion or $0.95

Assets 130

Assets Debt Banks Capital 130

The Motley Fool

AUGUST 4, 2023

Two additional key performance indicators that management will be discussing on this call are net asset value or NAV and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is reported on a per share basis. increase from the fourth quarter of 2022. Fee income decreased 1.4 million or 6.1%

Capital 147

Capital Asset Management Securities and Exchange Commission (SEC) Assets 147

The Motley Fool

MAY 10, 2024

Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per share basis. So, I think Jesse said something about the vast majority are doing fine.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

AUGUST 2, 2023

As we look ahead, we are well positioned as a global leader at the intersection of asset management and insurance. Our insurance and retirement businesses, in turn, provide a source of growth for PGIM through affiliated net flows, as well as unique access to insurance liabilities. billion negative impact from that in 2022.

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

MAY 28, 2024

Their tangible book value is quite literally the value of their assets once you subtract out their liabilities, and so when you have a bank that's trading above its tangible book value, the market is presuming that it will take its book value and continue to generate returns. I'm a public school teacher of 26 years.

Taxes 130

Taxes Accounting Education Shareholders 130

The Motley Fool

FEBRUARY 21, 2024

Additional information about risks, uncertainties, and other important factors that could potentially impact our financial results is included in our Form 10-K for the year ended December 31, 2022, and in our subsequent filings with the SEC. During this call, we'll discuss certain non-GAAP financial measures. Think about us as surplus goods.

Assets 130

Assets Banks Shareholders Portfolios 130

The Motley Fool

FEBRUARY 27, 2024

For the year, IIP generated total revenues of $310 million and adjusted funds from operations of $256 million, increases of 12% and 10% over 2022, respectively. billion in 2023, representing approximately a 12% growth from 2022. That financial performance allowed us to continue to grow our dividend. Moving on to rent collection.

Taxes 100

Taxes Assets Capital Debt 100

The Motley Fool

JANUARY 12, 2024

In November and December, we saw a surge in flows, resulting in 6% annualized organic base fee growth for the last two full months of the year. billion declined 2% from 2022, while earnings per share of $37.77 billion was 7% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees.

Assets 130

Assets Shareholders Asset Management Capital 130

The Motley Fool

OCTOBER 30, 2024

We actively monitor the capital markets and will continuously evaluate liability management opportunities to manage our debt and interest expense, as well as opportunities to raise additional financings in the future. in 2022, and 7.3% Year to date in 2024, our total bitcoin holdings increased by 33.3%. in 2021, 1.8%

Leveraging 130

Leveraging Shareholders Debt Capital 130

Pension Pulse

AUGUST 17, 2023

over five years: Net assets rose to $424 billion from $402 billion as at December 31, 2022 Sustained level of activities in Québec CDPQ today presented an update of its results as at June 30, 2023. The difference with 2022 is primarily explained by the increase in external performance fees related to increased returns.

Pension Funds 52

Pension Funds Assets Debt Finance 52

The Motley Fool

NOVEMBER 9, 2023

Yet as the 10-year treasury rose precipitously, our pipeline of acquisitions and refinancing deteriorated, bringing total transaction volumes down 49% from Q3 of 2022 to $8.6 As a reminder, Q3 2022 was the final quarter of somewhat normal market activity before transaction volumes began a steady descent around Labor Day last year.

Asset Management 100

Asset Management Deal Flow Assets Finance 100

Pension Pulse

FEBRUARY 22, 2024

billion), up from C$402 billion at the end of 2022. In 2022, CDPQ returned a net -5.6%, above the benchmark return of -8.3%. It’s a shift from 2022’s results, when the firm posted its worst annual return since the global financial crisis. This total is up from the prior year due to fees associated with higher asset performance.

Returns 59

Returns Pension Funds Assets Debt 59

The Motley Fool

JULY 14, 2023

In looking back to 2017, and I'm just looking at 2017 because I can break out legacy and core that way, and I fast forward to 2022, you produced revenues, ex legacy franchises, of about 61 billion in 2017 and about 67 billion in 2022. billion in 2022. The associated expenses, again, without legacy franchises, was about 34.5

Banks 130

Banks Capital Investment Banking Investment Banks 130

The Motley Fool

JANUARY 15, 2025

Net interest income grew 146 million or 1% from the third quarter, the first linked-quarter increase since the fourth quarter of 2022. Middle market banking revenue was down 2% from a year ago, driven by lower net interest income, reflecting higher deposit costs, partially offset by growth in treasury management fees.

Banks 130

Banks Assets Investment Banking Investment Banks 130

Pension Pulse

MAY 24, 2023

with net assets of $570 billion, compared to $539 billion at the end of fiscal 2022: Highlights 1 : Fiscal 2023 net return of 1.3% with net assets of $570 billion, compared to $539 billion at the end of fiscal 2022: Highlights 1 : Fiscal 2023 net return of 1.3% million last year – $4.6 10-year net return of 10.0%

Investing 52

Investing Stakes Pension Funds Assets 52

Pension Pulse

FEBRUARY 12, 2024

An expansion of the CPP would transfer these risks from individual workers to the government, which is much better placed to manage them, as it can pool risks across all Canadian workers and across generations of workers. The pension concept has nearly unlimited potential as a tool to manage rising retirement risk.

Taxes 59

Taxes Amortization Finance Financing 59

The Motley Fool

AUGUST 3, 2023

M&A transaction versus $2 billion in the first half of 2022 and $6 billion in the first half of 2021. For the second quarter, we collected approximately 97% of contractually due base rent and property management fees from our operating portfolio. per share of AFFO generated in the second quarter of 2022.

Debt 189

Debt Legal Capital Portfolios 189

The Big Picture

JUNE 13, 2023

RITHOLTZ: I forgot to mention, you have received the Chevalier dans l’Ordre de la Légion d’Honneur by the president of the French Republic in January 2022. I don’t know how relevant that is to asset management, but let’s talk a little bit about you were doing before you were being lauded by the French president.

Banks 59

Banks Asset Management Assets Capital 59

The Motley Fool

FEBRUARY 6, 2025

trillion of assets under management. Our 15th consecutive quarter of management fee and FRE growth and a record fundraising quarter for the firm. Some additional highlights for the year include management fees up 30% and 91% of these management fees are from permanent capital vehicles.

Capital 130

Capital Mergers and Acquisitions Management Fees Securities and Exchange Commission (SEC) 130

The Motley Fool

OCTOBER 31, 2024

Over the last 12 months, we have grown management fees by 26%, fee-related earnings by 27%, and distributable earnings by 22%, all compared to the prior-year period. Management fees are up 26%, and 91% of these management fees are from permanent capital vehicles. AUM not yet paying fees, was $21.7

Capital 130

Capital Management Fees Securities and Exchange Commission (SEC) Assets 130

The Motley Fool

FEBRUARY 6, 2025

Along the way, we grew our asset management business. In 2022, the board acquired the management contract of New Residential from Fortress, and then we began the next leg of our journey, which was to continue building a world-class asset management firm. That is an external managed vehicle.

Capital 130

Capital Asset Management Assets Banks 130

Pension Pulse

FEBRUARY 26, 2025

The reality is we have a strong portfolio that has been proven many times, and what matters is making sure that we have enough money all the time for the pension liabilities our clients need to deliver, and from that perspective we have very good starting point, he said. The Caisses management fees were 0.6

Pension Funds 59

Pension Funds Assets Portfolios Banks 59

The Motley Fool

JANUARY 25, 2024

Most major equity indices rebounded from significant declines in 2022 but with wide intrayear swings driven by historic movements in treasury yields, economic uncertainty, and geopolitical instability. Against this backdrop, Blackstone generated steady fee-related earnings of $4.3 BCRED had its best month since May 2022, raising $1.1

Management Fees 100

Management Fees Banks Capital Assets 100

The Motley Fool

JULY 18, 2024

BREIT, for example, has generated a cumulative return of 10% net in its largest share class since the beginning of 2022 and 10%-plus net returns annually since inception, seven and a half years ago, more than double the return of the public REIT market. Fee-related earnings were $1.1 First, with respect to management fee holidays.

Assets 130

Assets Finance Financing Management Fees 130

The Big Picture

JANUARY 7, 2025

I was in my early thirties, I didn’t have a mortgage, I didn’t have kids, I had very few liabilities. Here’s some management fees and expenses you need to fund, but the cash back froze. Sounds like it’s the same situation where you have a 2022 slowdown, 2025, where are the exits?

Capital 52

Capital Hedge Funds Buyout Startups 52

The Motley Fool

JANUARY 30, 2025

We've achieved these results while remaining true to our capital like brand-heavy open architecture model designed to serve a multitude of insurance clients without taking on any liabilities. First, with respect to fee-related earnings. Management fees rose 12% to a record $1.9 billion valuation. billion or $1.50

Management Fees 130

Management Fees Assets Capital Funds 130