Blackstone REIT Lifts $1.75 Billion in IPO to Buy Data Centers

TL;DR

Blackstone founder Stephen Schwarzman sells $475k ARKO Petroleum shares Blackstone Drops $4 Billion New World Deal Over Control Clash Piper Sandler noted the quarter to be the second-best fundraising performance since 2022. The firm lowered its earnings estimates to $5.91 from $6.11 for 2026 and to $7.57 from $7.66 for 2027. The firm noted expected pressure on management fees from softness in credit fee-earning assets under management and real estate fees.