The Motley Fool

OCTOBER 17, 2024

Operator instructions] At this time, I would like to turn the conference over to Weston Tucker, head of shareholder relations. Weston Tucker -- Head of Shareholder Relations Great. We've done that while also returning 100% of earnings to shareholders over this period through dividends and share repurchases totaling over $30 billion.

Debt 130

Debt Management Fees Assets Financing 130

The Motley Fool

AUGUST 2, 2023

These are really exciting times for us, our shareholders, and our LPs. Our mission is to continue to do this very same thing we've done for the past 10 years, drive value for shareholders and LPs with teens-type returns. billion of dividends to shareholders, and we currently manage a $34 billion balance sheet. per diluted share.

Capital 100

Capital Asset Management Assets Shareholders 100

The Motley Fool

APRIL 18, 2024

Operator instructions] At this time, I'd like to turn the conference over to Weston Tucker, head of shareholder relations. Weston Tucker -- Head of Shareholder Relations Thanks, Katie, and good morning, and welcome to Blackstone's first-quarter conference call. Today's conference is being recorded. Please go ahead.

Assets 130

Assets Debt Banks Capital 130

The Motley Fool

OCTOBER 11, 2024

Successful execution of these goals should also result in multiple expansion for our shareholders. On our earnings calls earlier this year, we discussed with our shareholders our visibility to a strong pipeline. We are better positioned than ever to serve our clients and to deliver growth for our shareholders in the years to come.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

AUGUST 27, 2024

You know, as a company, it's really nice to be in control of your own destiny, you know, knowing that if you -- your focus, hard work, and determination will result in significantly improved outcome for our shareholders. I also want to express my appreciation to our long-term shareholders. The Motley Fool has a disclosure policy.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Shareholders Consulting Consultants 130

The Motley Fool

DECEMBER 5, 2023

Our press release and the shareholder letter were issued earlier today and are posted on the Investor Relations section of our website. A reconciliation of the GAAP and non-GAAP results is provided in today's press release and in our shareholder letter. With us today are Tomer Weingarten, CEO; and Dave Bernhardt, CFO.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

The Motley Fool

APRIL 24, 2024

Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%. Simultaneously, we have ramped up our efforts and leveraged our tenant relationships, exemplifying how we create proprietary deal flow and accretive off-market opportunities.

Debt 130

Debt Leveraging Capital Financing 130

The Motley Fool

OCTOBER 31, 2024

Earlier today, we published a shareholder letter and press release with our financial results and commentary for our first quarter of fiscal year 2025. As always, our shareholder letter contains management's insight and commentary for the quarter. And I would just point out, deal timing was not a factor in Q1 as it was in Q4.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Shareholders Conglomerates Leveraging 130

The Motley Fool

NOVEMBER 9, 2023

These increased earnings translated into an attractive return on equity of 12.7%, in addition to growing distribution for our shareholders. The business is generating record earnings, and we continue to share those earnings with our shareholders. increase to our regular dividend, increasing the fourth quarter regular dividend to $0.35

Capital 100

Capital Private Equity Firms Private Equity Firms Leveraging 100

The Motley Fool

APRIL 12, 2024

billion in capital to our common shareholders, and that includes $500 million through share buyback. Over the last several years, we've maintained a strong risk appetite framework and have been very deliberate about how we deploy our deposits and other liabilities into high-quality assets. During the first quarter, we returned $1.5

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

MAY 9, 2024

And of course, we also continue to return capital via the dividend to shareholders. So, it's really -- it's basically about the deal flow if you really put it in business terms. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

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Bidding Banks Capital Legal 130

The Motley Fool

NOVEMBER 7, 2024

Importantly, free cash flow again exceeded SPC and is a reflection of our discipline in meaningfully reducing stock-based compensation while significantly growing free cash flow. We will continue to invite a balanced and disciplined approach to returning cash to shareholders through both debt repayment and share repurchase.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Accounting Debt 130

The Motley Fool

JANUARY 12, 2024

And this management team remains laser-focused on executing for shareholders, clients, and communities.And with that, let's open the line for Q&A. But having said that, I think we're seeing a bit of pickup in deal flow, and I would expect the environment to be a bit more supportive.

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

FEBRUARY 15, 2024

Our strong cash flow performance enabled us to execute a balanced capital allocation strategy, deploying nearly $1 billion of capital in 2023 with a focus on investing for growth, while returning cash to shareholders through a growing dividend and share repurchases. There's still good deal flow out there.

Leveraging 130

Leveraging Taxes Capital Banks 130

The Motley Fool

FEBRUARY 9, 2024

This robust growth has allowed us to return significant capital to our shareholders. Since our listing in May of 2021, total return for our shareholders has been over 60%. We intend to launch a strategy focused on triple net lease in Europe, driven by deal flow we already see today. per quarter.

Capital 130

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

The Motley Fool

FEBRUARY 15, 2024

We have a fantastic business model that generates strong cash flow, and we ended the year with $329 million of cash on hand. Our cash position always decreases in the first quarter as we pay company bonuses, repurchase shares connected to employee stock vesting events, and settle our tax liabilities.

Debt 100

Debt Financing Finance Banks 100

The Motley Fool

FEBRUARY 20, 2024

No, I think it's just there's no sort of predictable seasonality with the BD deal flow. So, I think we find ourselves not at odds with any sort of competing, let's say, motivation between what we're doing that's right for the company and for shareholders and what the government of Canada funding is allowing us to do.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Assets Legal Capital 130

The Motley Fool

NOVEMBER 14, 2023

As a result, the board has appointed a special committee to evaluate any proposed [Technical difficulty] in light of the company's strategic options in the best interest of shareholders. And how is that impacting, I guess, either deal flow or maybe deal sizes? This is Josh Resnik. I can address that.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Legal Leveraging Capital 100

The Motley Fool

OCTOBER 23, 2024

Our team's continued efforts to create value and identify these opportunities combined with our improved cost of capital have opened up a larger opportunity set and resulted in accelerated deal flow. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Debt 130

Debt Capital Leveraging Assets 130

The Motley Fool

NOVEMBER 7, 2023

To our shareholders, we will remain focused on driving innovation and investing for the long term, taking our Globus approach to advance patient care while maintaining operational excellence and a focused, disciplined approach to cost containment, driving expanded profitability. Thanks for taking the question and congrats on the deal flows.

Mergers and Acquisitions 100

Mergers and Acquisitions Securities and Exchange Commission (SEC) Capital Amortization 100

The Motley Fool

JULY 27, 2023

We're committed to transparency with our shareholders, and we'll provide regular updates on our new product launches as they take place. There's not a lot of deal flow. So, it's our belief that a hybrid model is the right one for us and something that's going to create the most value for our shareholders. We'll move fast.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Big Picture

JUNE 13, 2023

And all our historical backers, shareholders, they actually kept on supporting the business. But I also learned along the way that you rarely die, I mean as a company, from your P&L or from your assets, but you always die from your liabilities. Coming back to my comment, again, it’s your liability side.

Banks 59

Banks Asset Management Assets Capital 59

The Motley Fool

APRIL 12, 2024

With supportive markets and more optimistic sentiment from clients, we're confident in our ability to both grow assets on behalf of clients and drive profitable growth for our shareholders. We heard it in our dialogue with them, and we see it in our flows, and I know all of you as shareholders see it in our flows.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

We invest first, either to scale strategic growth initiatives or drive operational efficiency, and then return excess cash to our shareholders through a combination of dividends and share repurchases. billion to our shareholders through a combination of dividends and share repurchases. In 2023, we returned over 4.5

Assets 130

Assets Shareholders Asset Management Capital 130

The Motley Fool

JULY 15, 2024

Through strong organic growth and scaling of our private markets and technology platforms, we believe we can drive compelling earnings growth and multiple expansion for our shareholders. Through our iShares and indexing platforms, we've developed long-standing relationships, highly aligned shareholder relationship with global corporates.

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

FEBRUARY 13, 2025

We held our team together throughout the downturn to be able to capture deal flow when markets returned and our investment sales team's efforts in the back half of 2024 were fantastic and set us up very well for 2025 and beyond. And I'd like to thank our shareholders who continue to believe in our long-term vision for this company.

Assets 130

Assets Financing Finance Asset Management 130

The Motley Fool

MARCH 31, 2025

million in our legal expenses since the company received $2 million from the company's directors and officers liability insurance carrier during the comparable period under the company's policy and the settlement agreement, which reduced the company's legal expenses in the same amount during the comparable period. The increase of $2.0

Securities and Exchange Commission (SEC) 238

Securities and Exchange Commission (SEC) Education Capital Legal 238

The Motley Fool

OCTOBER 31, 2024

We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our earnings presentation available on the Shareholders section of our website at blueowl.com. Similarly, Atalaya and our credit teams have been active in sourcing investment-grade flow.

Capital 130

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

The Motley Fool

AUGUST 3, 2023

Our ability to generate free cash from our core businesses allows us to service our debt, invest in our people and businesses, and create long-term sustainable value for our shareholders. per share, payable to shareholders of record as of August 17th. And at the same time, we remain committed to our quarterly dividend.

Asset Management 100

Asset Management Financing Finance Debt 100

The Motley Fool

FEBRUARY 27, 2025

Over the last year since joining Macerich, I have become increasingly confident in our mission to operate and own thriving retail centers that bring our communities together and create long-term value for our shareholders, partners, and customers. Traffic for the year was up almost 2% when compared to 2023.

Debt 130

Debt Assets Asset Management Leveraging 130

The Motley Fool

JANUARY 25, 2024

Operator instructions] At this time, I'd like to turn the conference over to Weston Tucker, head of shareholder relations. Weston Tucker -- Head of Shareholder Relations Great. I am highly enthusiastic about what we will accomplish for our shareholders in 2024. Today's conference is being recorded. Please go ahead.

Management Fees 100

Management Fees Banks Capital Assets 100

The Motley Fool

AUGUST 8, 2024

per share yesterday, payable to shareholders of record as of August 22. With lower interest rates and an increasing supply of capital to the commercial real estate sector, we are optimistic about the opportunities to capture deal flow and grow as the commercial real estate market recovers from the last two years of restricted interest rates.

Assets 130

Assets Financing Finance Debt 130

The Motley Fool

NOVEMBER 1, 2024

And thank you for improving the lives of our teammates, our residents and our shareholders, one experience at a time. So maybe if you could also just kind of categorize the state of the acquisitions market and maybe early expectations for kind of deal flow in the coming quarter or two? Keith Oden is up next.

Taxes 130

Taxes Debt Capital Assets 130

The Motley Fool

NOVEMBER 9, 2023

They are well behind, but they aren't losing deal flow to other capital sources. What we are seeing in this challenging fundraising environment is that investors value Walker & Dunlop's access to deal flow and banker/broker distribution network as deals get harder and traditional sources of capital move in and out of the market.

Asset Management 100

Asset Management Deal Flow Assets Financing 100

The Motley Fool

FEBRUARY 11, 2025

However, we also continue to demonstrate the discipline and operational excellence our shareholders have come to expect from us, delivering accelerated revenue growth in Commodity Insights and strong steady growth in both Market Intelligence and Mobility, despite some market headwinds on those two businesses. million shares.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Mergers and Acquisitions Assets Capital 130

The Motley Fool

JANUARY 30, 2025

Operator instructions] At this time, I'd like to turn the conference over to Weston Tucker, head of shareholder relations. Weston Tucker -- Head of Shareholder Relations Great. We are not an insurance company ourselves with hundreds of billions of liabilities. Today's call is being recorded. Please go ahead. billion valuation.

Management Fees 130

Management Fees Assets Capital Funds 130

The Motley Fool

NOVEMBER 7, 2024

Due to increased deal flow and revenues, we grew diluted earnings per share 33% year over year to $0.85 Throughout this cycle, we routinely reinvested capital in our business in pursuit of our long-term growth objectives while also returning capital to our shareholders through our recurring quarterly dividend. We closed $11.6

Taxes 130

Taxes Assets Financing Finance 130