A BlackRock spokesperson told Benzinga that recent reports suggesting the firm is acquiring single-family rental homes are inaccurate. The clarification came after a Trump administration proposal on housing policy sparked a 7% intraday swing in shares of publicly traded property managers. BlackRock emphasized that its real estate business focuses exclusively on institutional multifamily and commercial assets, with more than $50 billion in assets under management (AUM) in those sectors, and does not include single-family rentals. The statement aims to dispel confusion that has persisted since late last week, when social media and certain retail brokerage platforms attributed a single-family housing push to the world’s largest asset manager.

Analysts expect BlackRock’s upcoming quarterly report to show 8% year-over-year growth in net revenue, driven by higher average AUM of $9.2 trillion compared to $8.6 trillion in the prior year period. Two factors underpin the bullish consensus: a modest rise in net management fees—projected at 38 basis points, up from 37 basis points a year earlier—and further expense discipline that could boost operating margin by 120 basis points to roughly 43%. Consensus estimates put adjusted earnings per share near $8.75, compared with $8.10 a year ago, on the back of healthy inflows into active fixed income strategies and continued momentum in exchange-traded funds. Investors will watch whether institutional mandates and discretionary mandates can offset softer retail flows in North America.