The Motley Fool

DECEMBER 19, 2024

debt to total capital ratio. We are extremely well positioned to spin Millrose and to be able to continue to repurchase shares and reduce debt as we have driven strong overall operating results to date. And then turning to our debt position, we had no redemptions or repurchases of senior notes this quarter.

Assets 242

Assets Debt Capital Banks 242

The Motley Fool

OCTOBER 17, 2024

Today, we manage the largest third-party private credit business in the world with $432 billion across corporate and real estate credit, up a remarkable 20% year over year. We have one of the largest, if not the largest, businesses in direct lending, CLOs, real estate debt and private investment grade credit. in the last 12 months.

Debt 130

Debt Management Fees Capital Assets 130

The Motley Fool

MAY 1, 2024

These flows reinforce the benefits of our large and strategic global client relationships and the power of our mutually reinforcing business system to grow our asset management fees. Additionally, higher incentive fees and seed and co-investment income resulted in an increase in other related revenues.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Liabilities Assets Capital 130

The Motley Fool

NOVEMBER 8, 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.

Capital 130

Capital Asset Management Due Diligence Assets 130

The Motley Fool

AUGUST 3, 2023

We have now lowered our net debt plus preferred metric for five straight quarters and on a path to get to seven x by year-end and further delevering in 2024. The revolver is our only debt that is not hedged or fixed. Turning to our balance sheet, we ended Q2 with net debt to adjusted EBITDA at 7.06 Series A preferred stock.

Securities and Exchange Commission (SEC) 130

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

The Motley Fool

AUGUST 1, 2024

Over the last 12 months, we have generated 23% fee-related earnings growth at 19% distributable earnings growth from the prior-year period. And since becoming a public company, we have had 13 consecutive quarters of management fee and FRE growth, highlighting both the stability and strength of our business. We also raised $2.2

Capital 130

Capital Mergers and Acquisitions Management Fees Asset Management 130

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.

Capital 130

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

Capital 147

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

The Motley Fool

FEBRUARY 2, 2024

Orange County, and Atlanta, both underperformed mainly for reasons related to bad debt, skips and evictions, and fraud. Orange County will come primarily from a reduction in bad debt as we repopulate many of our vacant units with residents who actually pay their rent. yield after management fees and actual capex and generated a 10.6%

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

OCTOBER 30, 2024

By using proceeds from equity and debt financings, as well as cash flows from our operations, we strategically accumulate bitcoin and advocate for its role as digital capital. One, debt financing. billion in principal amount of convertible debt outstanding at an attractive blended cost of debt fixed at 0.8% We have $4.3

Leveraging 130

Leveraging Shareholders Capital Debt 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 Capital 130

The Motley Fool

FEBRUARY 7, 2024

Prismic will enhance our mutually reinforcing business system and drive future growth by leveraging our differentiated brands, global asset and liability origination capabilities, and multichannel distribution. So loan to values across the portfolio were about 58% and our discount -- our debt service coverage ratios remain right around 2.5%.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 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. Management fees were up 26%, and 92% of these management fees are from permanent capital vehicles.

Capital 130

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

The Motley Fool

JULY 14, 2023

IB fees were down 6% year on year, and we ranked at No. In advisory, fees were down 19%. Underwriting fees were down 6% for debt and up 30% for equity, with more positive momentum in the last month of the quarter. Asset and wealth management reported a net income of 1.1 Investment banking revenue of 1.5

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

FEBRUARY 15, 2024

Our servicing activities, including recurring servicing fees and related placement fees, generated Q4 revenues of $121 million, up 18% year over year, offsetting the majority of the decline from investment management fees. billion of at-risk loans are maturing over the next two years. billion of bridge business.

Debt 100

Debt Finance Financing Banks 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. Inflation was the great worry. Ricky Mulvey: Yes, he did.

Taxes 130

Taxes Accounting Education Shareholders 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. Moving to Slide 5. It ended this quarter at 4.5

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

JULY 26, 2024

But you mentioned their equities trading, which was really strong, their investment banking fee growth, which was 29% year over year, which came from a very low bar, but now more companies are going public, more M&A activities happening, and the banks are a big beneficiary of that. Credit card debt continues to get higher.

Banks 130

Banks Investment Banks Investment Banking Portfolios 130

The Motley Fool

FEBRUARY 27, 2024

We have one of the strongest and most experienced teams of real estate professionals in the cannabis industry, a high-quality portfolio and a conservative and flexible balance sheet with a 12% debt to total gross assets. No variable rate debt, no debt maturities until May 2026. Moving on to rent collection.

Taxes 100

Taxes Assets Capital Debt 100

The Motley Fool

NOVEMBER 5, 2024

Our leverage, as measured by net debt to annualized pro forma adjusted EBITDA was a healthy 5.4 These offerings illustrate the diversity of debt products available to us and the intentionality of our capital diversification philosophy. Can you give us an update on where 2024 bad debt year to date has trended? Jonathan W.

Capital 130

Capital Assets Leveraging Funds 130

The Motley Fool

OCTOBER 21, 2024

This is debt. I don't want to analyze debt securities. I don't want to analyze debt securities. I want someone else to do that, and I'm willing to pay a little bit in terms of a management fee. But I think of it in terms of this reason. Do you think of index funds like that?

Capital 130

Capital Portfolios Returns Funds 130

The Motley Fool

OCTOBER 11, 2024

per share of net losses on the sale of debt securities. Middle-market banking revenue was down 1% from a year ago, driven by lower net interest income, reflecting higher deposit costs, partially offset by growth in treasury management fees. Our results included $447 million or $0.10 Slide 16 highlights our corporate results.

Banks 130

Banks Assets Capital Investment Banks 130

The Motley Fool

JANUARY 16, 2025

Long-term debt fell $14 billion, driven by net redemptions and valuations, and global markets funding declined in line with assets. That is up modestly compared to the third quarter even as we paid down some debt and retired some preferreds. Investment banking fees were $1.7 3 investment banking fee position.

Banks 130

Banks Leveraging Capital Accounting 130

The Motley Fool

JANUARY 12, 2024

IB fees were also up 13% year on year, and we ended the year ranked No. In advisory, fees were up 2%. Underwriting fees were up significantly compared to a weak prior-year quarter with debt up 21% and equity up 30%. Asset and wealth management reported net income of 925 million with pre-tax margin of 28%.

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

JULY 12, 2024

billion or 21%, largely driven by higher investment banking revenue and asset management fees. In advisory, fees were up 45%, primarily driven by the closing of a few large deals and a weak prior-year quarter. Underwriting fees were up meaningfully, with equity up 56% and debt up 51%, benefiting from favorable market conditions.

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

OCTOBER 15, 2024

billion growing 8% over the prior year, led by 14% growth in asset management fees that Brian highlighted earlier. Expenses growth reflects the fee growth and other investments for our future growth as we continue to grow our advisor force through hiring of both experienced advisors and graduates from our training program.

Banks 130

Banks Leveraging Assets Capital 130

The Motley Fool

JANUARY 12, 2024

Adjusted full year revenue grew 5% on a back of 9% NII improvement and strong asset management fees and sales and trading results. Outside of NII, we saw good growth in treasury service fees and wealth management fees. billion before slowly moving lower over 2023.

Banks 130

Banks Taxes Accounting Assets 130

The Motley Fool

JANUARY 15, 2025

market share in investing banking with share gains in debt and equity capital markets and increased revenue in our advisory business in 2024. per share of net losses on the sale of debt securities as we took the opportunity to further reposition a portion of the investment portfolio. We also grew our U.S.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

FEBRUARY 21, 2024

As a reminder, in April of 2021, our company entered into a limited partnership agreement with Pelion Ventures in Draper, Utah, to manage the Medici portfolio. This partnership came with an annual management fee, in addition to upside deal economics, in exchange for them nurturing these companies and building value.

Assets 130

Assets Banks Shareholders Portfolios 130

The Motley Fool

OCTOBER 11, 2024

IB fees were up 31% year on year and we ranked No. In advisory, fees were up 10% benefiting from the closing of a few large deals. Underwriting fees were up meaningfully with debt up 56% and equity up 26%, primarily driven by favorable market conditions. Asset and wealth management reported net income of $1.4

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

APRIL 12, 2024

IB fees were up 21% year on year, and we ranked No. In Advisory, fees were down 21% driven by fewer large completed deals. Underwriting fees were up significantly, benefiting from improved market conditions with debt up 58% and equity up 51%. The amount of income they need to service their debt is still kind of low.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Banks Capital Investment Banks 130

The Motley Fool

NOVEMBER 5, 2024

million, driven by higher average principal debt to enable share repurchases and other cash outlays to support the continued growth of the business after the acquisition of United Grocery Outlet earlier this year. Total debt was $429.3 SG&A expense increased 9.5% million compared to the third quarter of 2023. million of cash.

Taxes 130

Taxes Accounting Consulting Consultants 130

The Motley Fool

JULY 14, 2023

From early April, clients stood on the sidelines as the debt ceiling played out, and we continued to experience very low levels of volatility throughout the quarter. In banking, the momentum in investment-grade debt has spread into other DCM products. And as you might think about it, it is a higher-rate environment.

Banks 130

Banks Capital Investment Banks Investment Banking 130

The Motley Fool

FEBRUARY 6, 2024

As an operating business, we're able to use cash flows, as well as proceeds, from equity and debt financings to accumulate Bitcoin, which serve as our primary treasury reserve asset. And three, debt financing. The blended cost of our debt is fixed at 1.6% We have issued $3.1 We've obtained $2.2

Leveraging 130

Leveraging Debt Assets Shareholders 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 Borrowing spreads have tightened significantly and the availability of debt capital has increased significantly. Fee-related earnings increased 12% year over year to $1.2 billion or $0.95

Assets 130

Assets Debt Banks Capital 130

The Big Picture

JUNE 13, 2023

” We learned leverage finance, we learned real estate debt, we knew high yield, we knew opportunistic investment and we’re like, it’s never too late, it’s never too early and we decided to go with a huge $4 million AUM that we had gathered from friends and family. You were effectively into the real stuff.

Banks 59

Banks Asset Management Assets Capital 59

ClearMoney

DECEMBER 5, 2021

As of the end of 2020, the US debt held by the public amounted to $22 trillion, an increase of approximately $5 trillion from the year before and well over double the level from a decade ago.1 In addition, debt is generally a slow-moving variable whose expected value should be incorporated in market prices. Ballooning Debt.

Debt 52

Debt Returns Mutual Funds Capital 52