.png)
2 hours ago
Blackstone Inc (NYSE:BX) shares are trading higher after it reported third-quarter fiscal year segment revenues of $2.434 billion, slightly beating the consensus of $2.408 billion.
Distributable earnings (DE) rose 6% year-over-year to $1.279 billion. Fee-related earnings increased 5% to $1.18 billion.
Fee-related earnings fell 8% in the Real Estate while rising 25% in the Credit & Insurance business and 9% in the Private Equity segments.
Net accrued performance revenue rose to $7.0 billion in the quarter from $6.44 billion in the prior year quarter.
Distributable earnings per share of $1.01 (+7% Y/Y), beating the consensus of $0.94.
Asset under management rose 10% Y/Y to $1.108 trillion, with inflows of $40.5 billion in the quarter.
Dividend: Blackstone declared a quarterly dividend per share of $0.86, payable on November 4, 2024, ...
