BlackStone Q3 2020 Earnings Report
Key Takeaways
Blackstone reported excellent third quarter results with strong investment performance and earnings growth. The company saw positive forward momentum in realizations and deployment, remaining the partner of choice for limited partners globally. Blackstone declared a quarterly dividend of $0.54 per share.
Fee Related Earnings (“FRE”) of $611 million ($0.51/share) in the quarter, up 39% year- over-year.
Distributable Earnings (“DE”) of $772 million ($0.63/share) in the quarter, up 9% year- over-year.
Total Assets Under Management (“AUM”) of $584.4 billion, up 5% year-over-year.
Dividend of $0.54 per common share payable on November 16, 2020.
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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.