Investor Presentaiton
BLACKSTONE'S SECOND QUARTER 2022 SEGMENT EARNINGS
($ in thousands, except per share data)
2Q'21
2Q'22
% Change
vs. 2Q'21
% Change
2Q'21 YTD
2Q'22 YTD
vs. 2Q'21 YTD
Management and Advisory Fees, Net
$
1,212,742 $ 1,556,917
28%
$
2,390,947 $
3,030,285
27%
Fee Related Performance Revenues
48,889
346,593
609%
218,057
904,658
315%
Fee Related Compensation
(375,385)
(621,413)
66%
(820,495)
(1,291,884)
57%
Other Operating Expenses
(182,178)
(261,510)
44%
Fee Related Earnings
$
704,068 $ 1,020,587
45%
(343,602)
$ 1,444,907 $ 2,167,451
(475,608)
38%
50%
Realized Performance Revenues
792,938
2,206,774
178%
1,194,261
3,519,584
195%
Realized Performance Compensation
(338,271)
(926,974)
174%
(489,195)
(1,446,094)
196%
Realized Principal Investment Income
63,132
43,509
(31)%
361,288
200,604
(44)%
Net Realizations
517,799
1,323,309
156%
1,066,354
2,274,094
113%
Total Segment Distributable Earnings $ 1,221,867 $ 2,343,896
92%
$ 2,511,261 $ 4,441,545
77%
Net Interest and Dividend Income (Loss)
Taxes and Related Payables
(11,201)
(140,673)
(3,282)
(71)%
(24,129)
(15,399)
(36)%
(354,789)
152%
(224,895)
(502,441)
123%
Distributable Earnings
$ 1,069,993 $ 1,985,825
86%
$ 2,262,237 $ 3,923,705
73%
Additional Metrics:
FRE per Share
$
0.58 $
0.84
45%
1.20 $
1.79
49%
DE per Common Share
$
0.82 $
1.49
82%
$
1.78 $
3.04
71%
Total Segment Revenues
$ 2,117,701 $ 4,153,793
96%
$ 684,028,712 $ 940,805,741
$ 498,932,526 $ 683,825,961
Total Assets Under Management
Fee-Earning Assets Under Management
Fee Related Earnings per Share is based on end of period DE Shares Outstanding (see page 23, Share Summary). DE per Common Share is based on DE Attributable
to Common Shareholders (see page 22, Shareholder Dividends) and end of period Participating Common Shares outstanding. YTD per Share amounts represent the
sum of the last two quarters. See pages 30-31 for the Reconciliation of GAAP to Total Segment Measures.
38%
37%
$ 4,164,553 $ 7,655,131
$ 684,028,712 $ 940,805,741
$ 498,932,526 $ 683,825,961
84%
38%
37%
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