Blackstone (BX) Posts Q1 ENI of $1.37/Share

Blackstone (NYSE: BX) reported Q1 economic net income of $1.37 per share, $0.39 better than the analyst estimate of $0.98. Revenue for the quarter came in at $2.51 billion versus the consensus estimate of $2.04 billion.

Total AUM rose to $310.5 billion, making Blackstone the first alternative asset manager to eclipse the $300 billion milestone.

• Total AUM was up 14% year-over-year, despite returning $62.5 billion of capital to investors over the last twelve months as asset growth and appreciation outpaced the impact of increased realizations.
• Gross inflows were $30.4 billion in the first quarter and $77.2 billion over the last twelve months.

For earnings history and earnings-related data on Blackstone (BX) click here.

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