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Blackstone said its GAAP net income for Q3 2024 was $1.6 billion, net income attributable to Blackstone was $781 million, and diluted net income per share was $1.02. Year-to-date net income was $4.1 billion, and year-to-date net income attributable to Blackstone was $2.1 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Blackstone said its GAAP net income for Q3 2024 was $1.6 billion, net income attributable to Blackstone was $781 million, and diluted net income per share was $1.02. Year-to-date net income was $4.1 billion, and year-to-date net income attributable to Blackstone was $2.1 billion.

  2. Blackstone said Fee Related Earnings for Q3 were $1.2 billion ($0.96 per share), and Distributable Earnings were $1.3 billion ($1.01 per share). It also declared a quarterly dividend of $0.86 per share, payable on November 4, 2024.

  3. The company said total AUM as of September 30, 2024 was $1,107.6 billion, up 10% year-over-year. Inflows for Q3 were $40.5 billion, LTM inflows over the last 12 months were $166.7 billion, and Fee-Earning AUM was $820.5 billion.

  4. Blackstone said deployment for Q3 was $34.0 billion and realizations were $22.7 billion. In Q3, it repurchased 1.0 million common shares. The company said $1.2 billion in the quarter and $5.0 billion over the LTM would be distributed to shareholders through dividends and share repurchases.

Summary

AI-written

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.

Q3 GAAP Net Income and EPS

Blackstone said its GAAP net income for Q3 2024 was $1.6 billion, net income attributable to Blackstone was $781 million, and diluted net income per share was $1.02. Year-to-date net income was $4.1 billion, and year-to-date net income attributable to Blackstone was $2.1 billion.

Source · Based on the filing body and exhibits

Q3 FRE, DE and Dividend

Blackstone said Fee Related Earnings for Q3 were $1.2 billion ($0.96 per share), and Distributable Earnings were $1.3 billion ($1.01 per share). It also declared a quarterly dividend of $0.86 per share, payable on November 4, 2024.

Source · Based on the filing body and exhibits

Assets Under Management and Capital Inflows

The company said total AUM as of September 30, 2024 was $1,107.6 billion, up 10% year-over-year. Inflows for Q3 were $40.5 billion, LTM inflows over the last 12 months were $166.7 billion, and Fee-Earning AUM was $820.5 billion.

Source · Based on the filing body and exhibits

Deployment, Realizations and Shareholder Returns

Blackstone said deployment for Q3 was $34.0 billion and realizations were $22.7 billion. In Q3, it repurchased 1.0 million common shares. The company said $1.2 billion in the quarter and $5.0 billion over the LTM would be distributed to shareholders through dividends and share repurchases.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.