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BDCs have an unusual corporate structure in that 90% of taxable income is distributed to shareholders on an annual basis. Moreover, Hercules has consistently rewarded shareholders in the form of raising dividend payments in tandem with its increasing NII. You might be wondering if a BDC is just a fancy term for a bank.
The REIT has two big catalysts ahead that should increase its dealflow and ability to finance new investment opportunities. These deals enable companies to unlock the value of their real estate while providing them with the capital they can use to repay debt, expand their operations, or fund cash returns to shareholders.
The firm has advised on more than $400m in secondaries for shareholders and employees in growth and pre-IPO companies including Revolut, Stripe, Algolia, Payfit, Ledger, Indy, Klarna, Spotify and Lyft, according to a press release.
increase in our monthly cash dividend to common shareholders. increase in our monthly dividend beginning with the dividend payable April 15 to shareholders of record as of March 31st. And I guess, you talked about what areas are most interesting, but just how does the dealflow look like relative to history?
We are confident that our continued focus on innovation and strategic partnership will drive significant value for our shareholders. We also signed several new deals for Nanox.AI The positive feedback from healthcare providers and patients alike reinforce our belief in the transformative potential of Nanox.ARC. we have put the U.S.
Our capital management strategy remains first to invest in our business and then to return excess cash to shareholders through a combination of dividends and share repurchases. And we again delivered strong margin for our shareholders. 1 thing they're looking for as a selected manager is proprietary differentiated dealflow.
Our DNII in the second quarter exceeded the monthly dividends paid to our shareholders by 66% and the total dividends paid to our shareholders by 24%. DNII per share exceeded the total regular monthly dividends per share paid to our shareholders in the second quarter by $0.445 or 66% and our total dividends per share by $0.22
The continued positive momentum across our platform during 2023 allowed us to deliver significantly increased value to our shareholders, with a 25% increase in the total dividends paid to our shareholders in 2023. Despite this significant increase, our DNII still exceeded the total dividends paid to our shareholders by over 17%.
The conversation also examines Garden City’s investment thesis, focusing on B2B nationwide services and how Michael’s team is bringing mission-aligned shareholders into the fold. The importance of mission-aligned shareholders and building trust-based relationships.
Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office. Despite the market challenges Willy just outlined, our team delivered for our clients and our business delivered growth in adjusted EBITDA and adjusted core EPS for our shareholders.
How satisfied should Meta shareholders be with this is the first prototype product? How are you grading the revitalization plan in the latest shareholder update? At today's price, that would be, I think more than 83 million shares, ultimately, which would be very significant for the business and for shareholders.
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.
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.
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.
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
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 dealflow and accretive off-market opportunities.
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.
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.
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.
We reported net income to common shareholders of $1.2 billion for the first half of 2023, compared to a net loss to common shareholders of $986 million in the same period a year ago, with the change largely attributed to the year-over-year swing in our public equity portfolio valuation. Turning to cash flows.
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 dealflow we already see today. per quarter.
A new survey of investors and deal advisers conducted by Private Equity Wire found high asset prices were the number one challenge when considering tech firms. The take-private deal has since run into troubled waters. Kaskela Law announced that it is investigating Qualtrics International Inc.
Technology ranked 4th in dealflow but had the highest average pursuit rate, 8.76%, of all sectors. See below for the full Q3 deal activity overview on the Axial platform, and for a more detailed breakdown by industry, check out The SMB M&A Pipeline: Q3 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.
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 dealflow out there.
As a shareholder, I feel that along with everyone else who owns shares, but this is a company I have owned for many years and will gladly continue hanging on to. As a shareholder, I was happy to see what they put out there. Some big moves up, some big market reactions down. Jason Moser: Yes, big sell-off is as we saw.
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.
billion in capital to our common shareholders, and that includes $500 million through share buyback. billion of net income to common shareholders, which added 27 basis points. And our investment bank and commercial bank are going to be closely coordinated to harvest the dealflow around the world. First, we generated $3.1
And of course, we also continue to return capital via the dividend to shareholders. So, it's really -- it's basically about the dealflow if you really put it in business terms. Last year, we acquired 10K, which was a smaller inorganic acquisition. As Robert said, it's our job to survey the market.
Argonaut looks to partner with management teams to improve operations, implement best practices and generate shareholder value. The firm offers flexible capital solutions, from debt to equity, for a wide-range of corporate and shareholder uses. VSS invests in businesses that are well-positioned for sustainable growth.
As my network grew and the founders that I had already backed started to notice my passion for supporting early stage companies, both the quality and quantity of my dealflow increased. Across SuperAngel vehicles, we currently represent the largest shareholder in the company.
I am a shareholder, I love the concept. A lot of people talked about Chipotle being expensive at that point in its evolution. At 4 million a store, here we are with CAVA at 30 million store. I would just say there is a ton of excitement built into this stock.
No, I think it's just there's no sort of predictable seasonality with the BD dealflow. 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.
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 dealflow, and I would expect the environment to be a bit more supportive.
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 dealflow or maybe deal sizes? This is Josh Resnik. I can address that.
As you can see on Slide 13, over the past one, five, and 10 years, Walker & Dunlop has generated total shareholder returns greater than any of our direct competitors in the commercial real estate services, specialty finance, and real estate technology space. Note that we aren't cherry-picking here.
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 dealflow. Obviously, the impact to earnings because of the accounting methodology is a couple pennies this year, we anticipate.
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 dealflow. 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.
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 dealflows.
And all our historical backers, shareholders, they actually kept on supporting the business. In that case, one of the largest European insurance company, if not global, and having together a different proposal, fully aligned, with some complementary sourcing to the dealflow. CHABRAN: Yes, that’s right.
I think that's a little bit more difficult, but there are examples of companies that have been high-growth, high turnover that have done fabulously well for shareholders like Amazon would be the exception to that rule, Tesla might be another exception to that rule where they're working people to the bone, but it works for their company.
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.
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
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