- Blackstone’s fee-related earnings surged to $1.84 billion, reflecting a 76% increase from the previous year, surpassing the estimated $1.66 billion.
- Distributable income per share rose to $1.69, up from $1.11 in the previous year, beating the forecast of $1.48.
- The company’s assets under management reached $1.13 trillion, marking an 8.4% growth year-over-year and aligning with expectations.
- Real estate assets under management decreased by 6.4% to $315.35 billion, falling short of the $328 billion estimate.
- Private equity assets under management saw a 12% increase to $352.17 billion, slightly below the projected $353.28 billion.
- Credit and insurance assets under management grew by 20% to $375.51 billion, exceeding the expected $365.68 billion.
- Total segment revenue amounted to $4.15 billion, exceeding the anticipated $3.8 billion.
- Fee-related earnings per share rose to $1.50 compared to 86 cents the previous year, surpassing the $1.37 estimate.
- Inflows reached $57.50 billion, far outpacing the forecast of $39.9 billion.
- Outflows totaled $13.55 billion.
- The firm’s total dry powder was reported at $168.6 billion.
- Blackstone realized $25.9 billion and deployed $41.6 billion, exceeding the expected $32.41 billion deployment.
- Net realizations increased by 42% year-over-year to $601.1 million.
- A dividend of $1.44 per common share is payable on February 18, 2025.
“`
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 diverse portfolio spanning real estate, hedge funds, private equity, leveraged lending, senior debts, and rescue financing, possesses a promising long-term outlook as per the Smartkarma Smart Scores. Garnering a top score of 5 in Momentum, the company is evidently positioned for significant growth and forward motion in the future. Additionally, with respectable scores of 3 in Dividend, Growth, and Resilience, Blackstone demonstrates stability, potential for expansion, and the ability to weather economic downturns. Though Value received a score of 2, Blackstone’s overall outlook remains positive, suggesting it is well-poised for continued success and growth in the investment sector.
In conclusion, considering Blackstone’s strong Momentum score, coupled with decent scores across other key factors, the company appears well-equipped to thrive in the long run. Its solid reputation and global reach further solidify its position as a prominent player in the investment industry. Investors may find Blackstone an attractive prospect for potential growth and stability in the years ahead, based on the encouraging Smartkarma Smart Scores across various critical metrics.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
