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Mar 31, 2021

BlackStone Q1 2021 Earnings Report

Blackstone reported exceptional Q1 2021 results with significant growth in assets under management and distributable earnings.

Key Takeaways

Blackstone reported a strong first quarter in 2021, with assets under management increasing to $649 billion, up 21% year-over-year. Distributable Earnings reached $1.2 billion ($0.96/share), up 114% year-over-year, and the company declared a dividend of $0.82 per share.

Assets under management reached a record $649 billion, a 21% increase year-over-year.

Distributable Earnings were $1.2 billion ($0.96 per share), up 114% year-over-year.

Fee Related Earnings were $741 million ($0.62 per share), up 58% year-over-year.

The company declared a quarterly dividend of $0.82 per share.

Total Revenue
$2.05B
Previous year: $1.14B
+79.4%
EPS
$0.96
Previous year: $0.46
+108.7%
Total AUM
$649B
Fee-Earning AUM
$481B
Gross Profit
$2.28B
Previous year: -$2.97B
-176.8%
Cash and Equivalents
$2.86B
Previous year: $2.07B
+38.4%
Free Cash Flow
$2.28B
Previous year: $987M
+130.6%
Total Assets
$29.7B
Previous year: $26.9B
+10.3%

BlackStone

BlackStone

BlackStone Revenue by Segment

Forward Guidance

This presentation may contain forward-looking statements which reflect our current views with respect to, among other things, our operations, taxes, earnings and financial performance, share repurchases and dividends.

Revenue & Expenses

Visualization of income flow from segment revenue to net income