tiprankstipranks
Blackstone reports Q4 distributable EPS $1.07 vs. $1.71 y/y
The Fly

Blackstone reports Q4 distributable EPS $1.07 vs. $1.71 y/y

Yesterday morning, the company also reported revenue of $1.70B vs. $5.76B y/y and assets under management of $974.7B, up 11% y/y. CEO Stephen Schwartzman stated: "Despite one of the most challenging market backdrops in history, Blackstone delivered for our clients in 2022. We protected investor capital by focusing on the right sectors, leading to an additional $226 billion of inflows for the year, including $43 billion in the fourth quarter. Our total assets under management grew to a record $975 billion, up 11% year over year. We now have a record $187 billion of dry powder capital to take advantage of compelling investment opportunities in a dislocated environment."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on BX:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles