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BlackRock (BLK) Q3 2024 Earnings Call Transcript

The Motley Fool

The combination triples infrastructure AUM and doubles private markets run-rate management fees. increased 5%, reflecting a higher tax rate compared to a year ago. Our as-adjusted tax rate for the third quarter was 26%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2024.

Assets 130
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Blue Owl Capital (OWL) Q1 2024 Earnings Call Transcript

The Motley Fool

We reported another strong quarter of results for Blue Owl this morning with 12 straight quarters in consecutive management fee and FRE growth since we've been a public company. Management fees are up 22% and 92% of these management fees are from permanent capital vehicles.

Capital 130
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Blue Owl Capital (OWL) Q4 2023 Earnings Call Transcript

The Motley Fool

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
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Innovative Industrial Properties (IIPR) Q4 2023 Earnings Call Transcript

The Motley Fool

Of course, there are significant benefits to this, the most important of which, from our perspective, is the potential lifting of the confiscatory 280e federal taxes imposed on regulated cannabis operators, and Paul will discuss our thoughts in more detail. Moving on to rent collection.

Taxes 100
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Grocery Outlet (GO) Q3 2024 Earnings Call Transcript

The Motley Fool

Our effective GAAP tax rate during the quarter was 28.6%, an increase over the effective tax rate in the third quarter of 2023 of 18.6%. We continue to expect a normalized tax rate of about 32%. Net interest expense increased 52.4% GAAP net income for the third quarter was $24.2 million or $0.24 per fully diluted share.

Taxes 130
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MicroStrategy (MSTR) Q1 2024 Earnings Call Transcript

The Motley Fool

Bitcoin ETPs also benefit from this, offset by the management fees that are charged for those products. The increase was primarily due to higher G&A expenses this quarter, which was specifically related to an increase in employer-paid payroll taxes in connection with employee stock option exercises in the first quarter.

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Beyond Inc (BYON) Q4 2023 Earnings Call Transcript

The Motley Fool

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