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Sep 30, 2021
BlackStone Q3 2021 Earnings Report
Blackstone reported its best results in its 36-year history with earnings increasing dramatically and key financial and capital metrics reaching record or near-record levels.
Key Takeaways
Blackstone reported record third quarter 2021 results, driven by outstanding investment performance for limited partners. The company's key financial and capital metrics reached record or near-record levels, and earnings increased dramatically. Blackstone has more avenues for growth than ever before and is in the early stages of a long-term acceleration of its business.
Fee Related Earnings (“FRE”) of $779 million ($0.65/share) in the quarter, up 28% year-over-year.
Distributable Earnings (“DE”) of $1.6 billion ($1.28/share) in the quarter, up 112% year-over-year.
Net Accrued Performance Revenues of $8.3 billion ($6.90/share), up 134% year-over-year
Total Assets Under Management (“AUM”) of $730.7 billion, up 25% year-over-year.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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