The chart below shows how BX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BX sees a -2.56% change in stock price 10 days leading up to the earnings, and a +0.68% change 10 days following the report. On the earnings day itself, the stock moves by -0.70%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Distributable Earnings Surge: Distributable earnings increased 56% year over year to $2,200,000,000, reflecting strong financial performance.
Record Inflows and Growth: Blackstone raised $57,000,000,000 in inflows during Q4, contributing to a total of $171,000,000,000 for the year, showcasing robust customer growth.
Infrastructure Strategy Performance: The dedicated infrastructure strategy VIP generated $1,200,000,000 in fee revenues, with AUM growing 34% to $55,000,000,000 over the past year.
Fee Earnings Surge: Fee related earnings grew 76% year over year to a record $1,800,000,000, driven by strong management fees and performance revenues.
Investment Momentum Surge: The firm deployed $134,000,000,000 in 2024, up 81% year over year, indicating a strong investment momentum.
Negative
Real Estate Fund Decline: Real estate equity-oriented funds declined 5.1% in Q4 and 4% for the full year, impacted by a sharp increase in treasury yields and a stronger U.S. dollar.
Real Estate Fund Decline: The opportunistic funds in real estate experienced a decline of 5.1% in Q4, indicating challenges in the real estate market amid rising interest rates.
Core Plus Funds Stability: Despite a strong overall performance, the core plus funds were stable for the year but declined 0.8% in Q4, reflecting ongoing pressures in the real estate sector.
Net Realizations Concentration: The firm reported that net realizations in Q4 were concentrated in corporate private equity, suggesting a lack of significant realizations in other segments, particularly real estate.
Real Estate Portfolio Vulnerability: The overall performance of the real estate portfolio absorbed an 80 basis point increase in the 10-year treasury yield, indicating vulnerability to interest rate fluctuations.
Earnings call transcript: Blackstone Q4 2024 surpasses EPS and revenue expectations
BX.N
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