In a strategic move to redefine its role in the investment landscape, Blackstone has made significant acquisitions, notably purchasing American Campus Communities for $13 billion and Extended Stay America for $6 billion. This pivot targets underperforming real estate investment trusts, signaling a firm commitment to hard assets amid market challenges. Analysts project a revenue increase to $14 billion for 2022, even as sales are expected to drop by 46%, while Blackstone also positions itself for future growth through a commitment to green investments, aiming to raise $7 billion for renewable projects.
“Blackstone · opened · a new front · in the private capital industry’s quest to supplant the stock market”
“Blackstone · took aim at · publicly listed real estate investment trusts · that have fallen out of favour with investors”
“Blackstone · acquired · American Campus Communities · for $13bn”
“Blackstone · acquired · Extended Stay America · for $6bn”
“analysts · made upgrades to · Blackstone's earnings and revenue estimates · substantial”
“analysts · forcasted revenues of · Blackstone in 2022 · US$14b”
“sales · are expected to decline by · Blackstone by the end of 2022 · 46%”
“analysts · expect per-share earnings to bounce to · Blackstone in 2022 · US$6.28”
“previous estimates · were · Blackstone's revenues in 2022 · US$12b”
“analysts · have not made major changes to · Blackstone's price target · US$146”
“analysts · expect improving earnings power for · Blackstone this year · true”
“Blackstone’s BX · first-quarter 2022 distributable earnings · per share · $1.55”
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