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Stock impact report

Commercial Real Estate Debt Is Back With 170% Jump in Sales [BNN Bloomberg (Canada)]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: BNN Bloomberg
Investors have snapped up about $24.6 billion of new commercial mortgage backed securities so far in 2024, 170% more than the same period in 2023, according to data compiled by Bloomberg News. Spreads on the riskiest portions of CMBS deals have been among the top performers compared to other widely traded types of credit. When lightning-quick bankruptcies felled several regional lenders last year and interest rates seemed on an endless march higher, and the commercial-property market all but ground to a halt. CMBS issuance plunged, and spreads blew out. Now those fears are receding. A once-frozen market for office towers is seeing deals again, and major real estate investors including Blackstone Inc. are greenlighting big investments in a sign that they believe property markets have begun to rebound. Add to that a Federal Reserve that's signaled the end of rate increases — notwithstanding recent suggestions of a longer-than-expected timeline for cuts — and investors are once agai Show less Read more
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