- Distributable income per share increased to $1.01, surpassing both last year’s $0.94 and the estimated $0.91.
- Total assets under management (AUM) reached $1.11 trillion, a 10% rise from last year, exceeding estimates of $1.1 trillion.
- Real estate AUM experienced a slight decline of 1.9% year-over-year (y/y) to $325.08 billion, below the $341.06 billion estimate.
- Private equity AUM grew by 12% y/y to $344.71 billion, beating the anticipated $337.25 billion.
- Credit and insurance AUM increased significantly by 22% y/y to $354.74 billion, outperforming the estimate of $341.01 billion.
- Total segment revenue was $2.43 billion, marking a 4.8% increase y/y, which was higher than the $2.36 billion estimate.
- Fee-related earnings rose by 4.5% y/y to $1.18 billion, exceeding the predicted $1.15 billion.
- Fee-related earnings per share came in at 96 cents, compared to 92 cents last year and the 94-cent estimate.
- Inflows of $40.54 billion surpassed the expected $35.8 billion.
- Outflows totaled $11.32 billion.
- Total dry powder stood at $171.6 billion.
- Realizations reached $22.7 billion, while deployment exceeded estimates, rising to $34.0 billion from the anticipated $25.81 billion.
- Net realizations decreased by 13% y/y to $225.5 million.
- A quarterly dividend of 86 cents per common share was declared, matching the forecast, and is payable on November 4.
A look at Blackstone Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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 global reach, has been assessed using the Smartkarma Smart Scores. The company scored a remarkable 5 in Momentum, indicating a strong positive trend in its performance. This suggests that Blackstone is currently experiencing a high level of growth potential and market interest, positioning it favorably for the future.
Additionally, Blackstone received scores of 3 in Dividend, Growth, and Resilience, reflecting a stable performance across these factors. Although the Value score was rated at 2, the overall ratings portray a favorable long-term outlook for Blackstone, characterized by consistent performance and a solid foundation across various investment indicators.
### Blackstone Inc. operates as an investment company. The Company focuses on real estate, hedge funds, private equity, leveraged lending, senior debts, and rescue financing. Blackstone serves customers worldwide. ###
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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