Blackstone reported resilient third-quarter results with investors benefiting from strong sector selection and flagship strategies outperforming public benchmarks. The company raised over $25 billion of capital and has $200 billion in dry powder to deploy.
GAAP Net Income was $921 million for the quarter and $2.3 billion year-to-date.
Fee Related Earnings (FRE) reached $1.1 billion ($0.92/share) in the quarter.
Distributable Earnings (DE) were $1.2 billion ($0.94/share) in the quarter.
Total Assets Under Management (AUM) amounted to $1,007.4 billion, a 6% increase year-over-year.
This presentation may contain forward-looking statements that reflect current views with respect to, among other things, operations, taxes, earnings and financial performance, share repurchases and dividends.
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