Blackstone (NYSE:BX) reported fourth-quarter results, with distributable earnings per share of $1.75 (+4% Y/Y), beating the analyst consensus estimate of $1.53.
Distributable earnings rose 3% Y/Y to $2.24 billion in the quarter.
The alternative asset manager firm reported segment revenues of $3.94 billion, down 5% year over year (Y/Y), beating the analyst consensus estimate of $3.72 billion.
Fee-related earnings declined 16% Y/Y to $1.54 billion, with Fee-related earnings rising 39% Y/Y in real estate and 14% Y/Y in the credit and insurance business.
However, Fee-related earnings declined 52% Y/Y in the private equity and 4% Y/Y in the Multi-Asset Investing segments.
Net accrued performance revenue rose to $6.74 billion in the quarter from $6.28 billion …