- Blackstone’s assets under management hit $1.08 trillion, a 7.5% increase year-over-year, matching estimates.
- Real estate assets under management increased slightly by 0.9% to $336.10 billion, but fell short of the $344.67 billion estimate.
- Private equity assets under management reached $330.59 billion, surpassing the $319.85 billion estimate.
- Credit and insurance assets under management totaled $330.12 billion, below the $338.09 billion estimate.
- Distributable income per share rose to 96 cents, up from 93 cents y/y, slightly below the 98-cent estimate.
- Total segment revenue grew by 7% y/y to $2.52 billion, just shy of the $2.57 billion estimate.
- Fee-related earnings fell by 2.9% y/y to $1.11 billion, missing the $1.12 billion estimate.
- Fee-related earnings per share dropped to 91 cents from 94 cents y/y, below the 92-cent estimate.
- Inflows amounted to $39.4 billion, surpassing the $37.43 billion estimate.
- Outflows stood at $11.86 billion.
- Total dry powder was reported at $181 billion.
- Realizations were $23.5 billion.
- Deployment surged to $33.7 billion, far above the $23.52 billion estimate.
- Net realizations increased by 52% y/y to $308.4 million.
- Blackstone announced a quarterly dividend of 82 cents per share, payable on August 5, 2024, to common stockholders recorded by July 29, 2024.
A look at Blackstone Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Blackstone Inc., an investment company with a diverse range of focus areas such as real estate, hedge funds, and private equity, has received moderate to solid Smartkarma Smart Scores across the board. The company’s outlook is generally positive, with scores of 3 for Dividend, Growth, Resilience, and Momentum, indicating a balanced performance across various key metrics. While there is room for improvement in terms of the Value score at 2, Blackstone’s overall outlook appears steady.
Looking ahead, Blackstone seems well-positioned for long-term success, supported by its stable Dividend, Growth, Resilience, and Momentum scores. With a solid footing in various investment sectors and a global customer base, Blackstone is poised to navigate potential market challenges and capitalize on opportunities. Investors may view Blackstone as a reliable option for steady performance and potential growth in the foreseeable future, backed by its consistent Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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