Blackstone Reports Strong Fourth Quarter and Full Year 2024 Results

Blackstone Inc., a leading alternative asset manager, recently disclosed its financial performance for the fourth quarter and full year ended December 31, 2024. The company reported remarkable results, with Chairman and CEO Stephen A. Schwarzman noting that it was one of the best quarters in the firm’s history. The key drivers of the business including inflows, investment activity, and realizations reached their highest levels in two-and-a-half years, attributing the success to the firm’s ability to innovate and develop market-leading businesses.

The company declared a quarterly dividend of $1.44 per share to be paid on February 18, 2025, with a record date of February 10, 2025. Additionally, a detailed presentation of the financial results is available on Blackstone’s official website.

In the quarter, Blackstone reported a GAAP net income of $1.3 billion and $5.4 billion for the full year. The company’s total revenues amounted to $3.08 billion in the quarter and $13.23 billion for the year. Moreover, the total assets under management (AUM) stood at $1.1 trillion, showcasing Blackstone’s strong market position.

The Real Estate segment of the company notably recorded total AUM of $315.4 billion with significant inflows during the quarter. The Investments in Opportunistic and Core+ funds experienced slight declines. In flow in the real estate segment included acquisitions like AirTrunk and strategic capital raisings like in BREIT and Blackstone Americas Logistics within Core+.

Blackstone deployed $7.0 billion in the Real Estate segment during the quarter, including acquisitions and added $2.7 billion of committed capital for future investments. Realizations totaled $5.5 billion in the quarter, reflecting the segment’s continued focus on strategic exits and capitalizing on opportunities.

The company’s robust performance across its segments underscores its steady growth trajectory and commitment to delivering substantial value to its stakeholders. For more detailed financial information and highlights, interested parties are encouraged to visit Blackstone’s official website or review the full report on the Securities and Exchange Commission’s website.

This information was shared as part of a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 30, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Blackstone’s 8K filing here.

About Blackstone

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.