Blackstone (BX) Reports In-Line Q2 EPS
Blackstone (NYSE: BX) reported Q2 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.31 billion.
Distributable Earnings (“DE”) reached a second quarter record of $1.0 billion ($0.88/unit), up 35% from the same period last year, on $985 million of Realized Performance Fees, up 45% year-over-year.
Total Assets Under Management (“AUM”) reached a record $332.7 billion through a combination of continued strong and consistent fundraising, organic growth and above-market appreciation.
- Gross inflows were a record $31.3 billion in the second quarter, bringing LTM inflows to $93.9 billion.
- Total AUM was up 19% year-over-year, despite returning $60.3 billion of capital to investors over the last twelve months (“LTM”) as asset growth and appreciation outpaced increased realizations.
For earnings history and earnings-related data on Blackstone (BX) click here.
