Investor Presentaiton

SUMMARY OF FINANCIALS LTM Fee Related Earnings of $3.96 per share, an increase of 70% year-over-year. LTM Total Segment Distributable Earnings were $8.9 billion, an increase of 78% year-over-year. Fee Related Earnings per Share Segment Distributable Earnings ($ in millions) $3.96 2Q'22 LTM total: $8,894 Credit & Insurance 56.0% Hedge Fund Solutions $2.33 $797 $580 54.4% 2Q'21 LTM 2Q'22 LTM $2,382 $5,135 Private Equity Real Estate FRE/Share FRE Margin FRE Margin is calculated by dividing Fee Related Earnings by Fee Related Revenues (defined as the sum of Total Segment Management and Advisory Fees, Net and Fee Related Performance Revenues). If quarterly crystallization of BREIT's fee related performance revenues had been in effect for all quarters included in the current and prior year LTM periods, LTM FRE would have been up 48% year-over-year and LTM Segment DE would have been up 65% year-over-year. See notes on page 32 for additional details. Blackstone | 4

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