Blue Owl Capital reports Q1 distributable EPS 17c, consensus 16c

Reports Q1 revenue $513.34M, consensus $474.89M. Q1 AUM increased 21% to $174.3B from last year. “Blue Owl reported another strong quarter of growth, with our 12th consecutive quarter of higher management fees through an evolving and volatile economic landscape. We again demonstrated the predictability and stability inherent in our business model, as well as the ongoing and significant investor interest in our strategies across Institutional and Private Wealth investors,” said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. “In addition to the robust strides we are making in further scaling our existing businesses, we continue to broaden our suite of investment solutions. We recently announced two accretive transactions that are intended to expand our insurance asset management and real estate credit capabilities, two very significant markets where we see meaningful runway for growth over time.