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 Ave NEW YORK NY 10154-0004 |
| Tel: | N/A |
| Website: | https://www.blackstone.com |
| IR: | See website |
| Key People | ||
| Stephen A. Schwarzman Chairman of the Board, Chief Executive Officer, 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 | 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 investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses. |
| Financial Overview |
| For the three months ended 31 March 2024, Blackstone Inc revenues increased from $1.38B to $3.69B. Net income increased from $85.8M to $847.4M. Revenues reflect Performance Allocations Unrealized increase from -$759.2M to $445.9M, Principal Investments-Unrealized increase from -$491.4M to $461.6M, Management and Advisory Fees increase of 4% to $1.73B. Net income benefited from Fund Expenses decrease of 92% to $4M (expense). |
| Employees: | 4,735 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $160,760M as of Mar 31, 2024 |
| Annual revenue (TTM): | $10,329M as of Mar 31, 2024 |
| EBITDA (TTM): | $5,357M as of Mar 31, 2024 |
| Net annual income (TTM): | $2,152M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $8,068M as of Mar 31, 2024 |
| Shares outstanding: | 722,263,433 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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