- Q1 economic net income of $370.7M or $0.31 per share down 77% Y/Y. Distributable earnings of $0.33 per share down 69%.
- Fee revenues of $606.9M down 1%. Performance fees of $314M down 81%.
- Dividend of $0.28 per unit down from $0.89 a year ago.
- Total AUM of $343.7B up 11%. Fee-earning AUM of $244.5M up 9%.
- Private-equity ENI of $92.2M down 89% Y/Y. Realizations of $2.1B vs. $3.3B.
- Real Estate ENI of $231.4M down 64% Y/Y.
- Hedge Fund Solutions ENI of $36.4M down 59% Y/Y. Composite gross return for the quarter of negative 2.9%. Total AUM of $68.5B up 3% from a year ago.
- Credit ENI of $27.5M down 65% Y/Y, with results obviously impacted by energy investments. Fee-earning AUM of $62.1B up 5%.
- Conference call at 10 ET
- Previously: Blackstone misses by $0.06, misses on revenue (April 21)
- BX -3.1% premarket