trending Market Intelligence /marketintelligence/en/news-insights/trending/_3_vSh8HAEBUe9OIfMqOAQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Blackstone Q3 distributable earnings hurt by 37% decline in PE segment

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Blackstone Q3 distributable earnings hurt by 37% decline in PE segment

Blackstone Group Inc. reported third-quarter distributable earnings of $709.9 million, or 58 cents per share, compared to $769.3 million, or 63 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 55 cents.

Third-quarter distributable earnings for the company's real estate segment were $401.9 million, a 10% increase from the year-ago figure of $363.9 million, and assets under management surged to $157.08 billion from $119.94 billion.

Distributable earnings for the hedge fund segment increased 20% to $84.3 million from $70.2 million, and AUM there posted a slight increase to $81.15 billion from $80.01 billion.

Distributable earnings for the credit segment surged 42% to $71.9 million from $50.8 million. AUM increased to $141.93 billion from $130.56 billion.

Distributable earnings for the private equity segment posted a 37% decline to $195.4 million from $308.4 million. AUM for the segment, however, increased on a year-over-year basis to $173.86 billion from $126.18 billion.

On a GAAP basis, net income attributable to the company for the third quarter was $779.4 million, or $1.15 per share, compared to $442.7 million, or 64 cents per share, in the year-ago quarter. Total revenues decreased year over year to $1.74 billion from $1.93 billion. Total investment income sharply dropped on a year over year basis to $713.0 million from $1.08 billion.

Total AUM as of Sept. 30 was $554.02 billion, compared to $456.69 billion at Sept. 30, 2018. Chairman and CEO Stephen Schwarzman noted in a release that there were nearly $150 billion of inflows over the last year, which helped grow AUM.

The private equity giant's board declared a quarterly dividend of 49 cents per common share to record holders as of Nov. 4. The dividend will be paid Nov. 12. The payout represents an increase from the 48-cent dividend announced in July.