Blackstone Inc (N:BX)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 345 Park Avenue NEW YORK NY 10154 |
| Tel: | N/A |
| Website: | https://www.blackstone.com |
| IR: | See website |
| Key People | ||
| Stephen A. Schwarzman Chairman of the Board, Chief Executive Officer, Co-Founder | Jonathan D. Gray President, Chief Operating Officer, Director | Thomas R. Nides Vice Chairman of the Board, Strategy and Client Relations |
| Michael S. Chae Chief Financial Officer of the General Partner | Vikrant Sawhney Chief Administrative Officer and Global Head of Institutional Client Solutions | Simon Hayden Senior Managing Director - Credit | John G. Finley Chief Legal Officer of the General Partner |
| Business Overview |
| Blackstone Inc. is an alternative asset manager. The Company's asset management business includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. It operates through four segments: Real Estate, Private Equity, Credit & Insurance and Multi-Asset Investing. Its Real Estate segment primarily comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Credit & Insurance segment consists principally of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Multi-Asset Investing is organized into two primary platforms: Absolute Return and Multi-Strategy. In addition, the segment also includes a publicly traded energy infrastructure, renewables and master limited partnership investment platform. |
| Financial Overview |
| For the nine months ended 30 September 2024, Blackstone Inc revenues increased 51% to $10.15B. Net income increased 67% to $2.07B. Revenues reflect Real Estate segment increase from $700.6M to $2.89B, Private Equity segment increase from $501.8M to $2.05B. Net income benefited from Fund Expenses decrease of 89% to $13.4M (expense). Dividend per share increased from $2.52 to $2.59. |
| Employees: | 4,735 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $237,478M as of Sep 30, 2024 |
| Annual revenue (TTM): | $11,432M as of Sep 30, 2024 |
| EBITDA (TTM): | $5,812M as of Sep 30, 2024 |
| Net annual income (TTM): | $2,224M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$240.04M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $8,218M as of Sep 30, 2024 |
| Shares outstanding: | 722,002,699 as of Oct 25, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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