The company reported GAAP Net Income of $948 million for Q2 2024, Net Income Attributable to Blackstone Inc. of $444 million, and basic and diluted net income per share of $0.58. Year-to-date GAAP Net Income was $2.5 billion.

1. 01

   The company reported GAAP Net Income of $948 million for Q2 2024, Net Income Attributable to Blackstone Inc. of $444 million, and basic and diluted net income per share of $0.58. Year-to-date GAAP Net Income was $2.5 billion.

2. 02

   The company said Fee Related Earnings for Q2 were $1.1 billion ($0.91 per share) and Distributable Earnings were $1.3 billion ($0.96 per share). Over the last 12 months (LTM), they were $4.4 billion and $5.1 billion, respectively.

3. 03

   The company said Total AUM was $1,076.4 billion and Fee-Earning AUM was $808.7 billion as of Q2. In Q2, it reported inflows of $39.4 billion, deployment of $33.7 billion, and realizations of $23.5 billion.

4. 04

   Blackstone declared a quarterly dividend of $0.82 per share, payable to holders of record as of the close of business on July 29, 2024 and paid on August 5. It said it repurchased 2.0 million shares in Q2 and increased its share repurchase authorization to $2.0 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.